New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-20
LAKE ERIE AND WESTERN.
THE TRADE IN CHICAGO.

Chicago Aug 10 (SpeciaD.-Wheat traders
thought to-day they saw the signs OF the hrst or
that ong-expected spring wheat movement
Minneapolis and Duluth had 1921 cars. twice as
many as a year ago. Cash prices in the North
western markets were Off IL cents. Low grades
OF spring wheat, which have been commanding
premiums here dropped suddenly to-day, some
as much as 4 to 3 cents September lost l12
cents and had very little recovery. August lost
III cents December q cent and May l cent.
September sold from 66A to 6ia. cents and
closed at 65 cents sellers. August closed at oSl+
cents, December at 62ss cents and May at 6iss
cents So far as the pit trade was concerned. IT
was a day OF LIQUIDATION by September longs.
The trade was not big There were good sized
clearances from the seaboard. 1000 bushels;
II was predicted that the visible supply on Mon
day would decrease at least 1OOO.OOO bushels.
That will reduce the total In all markets in
public houses to less than 6OeoWO bushels.
The very small local stock here $4,000 bushels
last Monday will probably be further reduced
Winter wheat receipts showed no increase any
where At all the primary markets there were
y94 600 bushels compared with S42,VW bushels
q year ago. Chicago had II cars, compared
with 293 last year: Toledo, lie cars, compared
with 10000 bushels: Kansas city. I'D cars
compared with $4,000 bushels; St. Louis. o6Vn
bushels compared with 10000 bushels Argen-
tine shipments were nothing. Capies weIe
steady. both the English and continental; larls
reported French farmers holding. The Modern
Miller" was bearish on the -four situation' tne
seaboard claimed 40 loads engaged for export
Charters here were 100000 bushels
Corn to-day was almost as weak as IT was
early on Thursday. the Thursday rally being en-
tirey lost September opened at 3lA cents.
sold between 81. and 3Ois to 3oss cents ana
closed at 3Oia to 3Ohs cents. There was perfect
n.fu ~
with Go estimated for Saturday. Liverpool was
;. penny lower on spot. Argentine shipments
were large. $4,000 bushels. compared WIN
II 200 bushels last year. Seaboard clearances
were A 600 bushels Charters were reported
FOR 10000 bushels But the cash business done
to-day was small. sales for export here about
100000 bushels. The weather map showed no
prospect OF any cold weather. The september
liouidaton is expected to keep up. In the absence
OF frost, all the week. The important seuins
to-day was by Barrett-Farnum. Comstock'
Baldwin Quincy. There was some puylhs oy
country receiving houses. There was a sooo
deal OF changing. NcwYork claimed that ex-
port business at the seaooard mao peen aS
high 90 loads.
oats wer. easy with corn. losing Il to % cent.
September opened at 2Ois cents. sold as low AT
1913. cents and closed at 1913. to 1875 cents. May
closed at 22ll cents. The American Cereal (the
Oatmea! Trust which has been buying May for
a week was not In the market to-day Receipts
were 333 cars. with 415 estimated for SATURDAY
Tho cash demand was slow. Seaboard clear
ances were 700 bushels. The weather Is per-
feet for movement.
There developed a very large export business
In cash lard to-day, almost 10000 tierces sold
10 the other side. II resulted In a strong pro-
vision market, although grains were weak PORK
closed 10 cents over Thursday. lard 12is cents
over and ribs cents over. Packers were the
buyers.
on the curb puts on September wheat closed
at 64X cents; calls 65ia to 65sa cents. Puts on
September corn were 3Oss cents; calls. 3o's cents