New-York tribune., 1899-06-20
THE TRADE IN CHICAGO.

Chicago June 10 (speciaD D.-The appearance OF
rain in Russia broke wheat prices everywhere. II
was the inevitable result OF a breaking OF long
drouth, holders letting go without any regard 10
merit or demerit. In fact. the important Russian
crop worse than on any day so far, the
more comprehensive the cables the more WIDE
spread the damage shown; but scalpers had no
time for argument They had bought their wheat
dry weather. and they wanted to get rid Of II
because rain had appeared. Liverpool broke l%d,
but recovered share OF II. There was decline
here OF 1Ac. and almost half OF it was recovered.
July wheat opened at 78isd76i4c. sold between I6A
977c, and closed at 76%c. There was a poor cash
demand here or the September would not have
gone to a premium Of 1%c. September closed at
7sAc Apart from the Russian news, the an
nouncements were conflicting. fine weather West
and Northwest large receipts and bewilderins
set of statistics. The worlds shipments were
7.7350O0 bushels. with 1456O00 bushels shipped oy
Russia. At the primary points there were lo22'"o
bushels. compared with 100000 bushels last year.
$40 in the Northwest, compared with 81 last
year; 81 cars here, compared with 10 year ago.
The In the visible $4,000 bushels was nos
as large as expected There was decrease on
passage OF 19S6.0O0 bushels. 1t Is expected thAt
the worlds visible tomorrow will show sma'
decrease, compared with almost 100000 busheS
decrease year ago. To-day's speculative uacs
unimportant
Selling early by professional holders, buying
hot winds In Kansas. Foreigners were buyers OK
wheat The seaboard reported l2 loads for export.
Kansas City reported larger offerings to arFi'"
Shipping sales here were about 10000 bushels
Corn early lost &c, but recovered IT, July sou
at 3iis and at $751;. and closed at 35c. septenhOef
closed at 35Lc The early weakness was on per-
feet weather. large receipts and the wheat DreaA'
The rally was on cash demand. shipping sales mere
at least 10000 bushels Export sales at the sea
board over 100000 bushels Receipts were -.
cars with lOl0 for Tuesday. Liverpool was !. 10 NJ
lower: seaboard clearances were $500 oushe''
Charters here were COO 900 bushels. The visible ~
creased 635 900 bushels The local stock A"s".
bushels decreased Tl4,cOO bushels. The bull crown
here, Patten and others. helped prices. Ihere was
lot OF buying against puts. Country one'"iss
were heavy over 10000 bushels bought by ono
elevator concern West
Oats we're strong for July; easy for September a'1
May July closed at 2tNc. September al FAC "a'
al A%c. Patten a buyer or september. in
Is some congestion IN the July the local stock Oh AZ
grades lass thar 100000 bushels. with one opefs.
here probably holding three times that Inc s's' '"
decreased 100 bushels; local stock se"" o"'"e'''
decreased 1900 bushels
Provisions were strong although duil' porn ~ w.
ing ioc over Saturday; lard and ries z@uo0 80 80,
The steadiness was on the cash demand anu Oh "a M a.,
Improvement in the shipment There were w. w.
hogs; 1900 estimated for Tuesday. rF'ee' go
2,tc lower Shipments OF product are away a"'As
OF last year -a.s
On the curb puts on July wheat ciosea a. 80
.ans nAl77i.o Puts on September when ~
calls 7sc. Puts on July corn sSc, eals '''<s~"