New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-01
THE TRADE IN CHICAGO

Chicago, May 81 (SpeciaD.-Wheat at ous s-
to-day showed an advance OF 2hc over Mouss,
The Inspiration came from the other side llv,
pool up equal 20 &C. to &c bushel over the Va.
day close. The Russian crop news was sudden,
bad. press cable said the winter whea,
South Russia was a total failure and that "A.
spring wheat was IN peril. Private cable, ~
not over half the wheat In South Russia ana n
the Danubian district would be saved. Tn. nm,
zng feature was the Indifference OF the Coma
mental speculative markets. Antwerp. which usual
ly reflects Russian news promptly, being NJ,
changed. and Paris irregular. weak on May and n,
only little on the deferred futures New.yc,.
claimed late In the day, long after the contnest,l
close had been received that the Continental ton.
had improved. Tho advance here was in sp.,, A
enormous proit-taking. There was foreign bcy.
ing July opened at 7sisc TO 7sizc sold betrss,
7Sc and 7sad7slsc and closed at 78isc. Their. VA,
no other consideration except the foreign neys
The weekly crop bulletins not improved A
to winter wheat. but the news as 10 spring vhea,
was exceedingly favorable The visible decreased
l27s,OOO bushels. The Northwestern receipts FOR
two days were lob cars; clearances for two dau
were $50 0OJ bushels.
All these lesser conditions were ignored Then
was a big general trade but with longs taking
profits with shorts covering and with the marke,
at all times easy 10 trade on. The cash demara
was not improved; nothing sofa from mere. Ilo
seaboard reported nine loads sold to the other side
1t is the gossip here that a well-known Nev-York
tobacco man Is trading In wheat on a large scale
through one of the private wire houses. On the
curb July wheat was 7Sisa7Sssc.
Corn was helped fractionally by the wheat ex.
element prices up &c and closing at pretty nearly
the top. July opened at S3c. sold between u'.s
and $3.50, and closed at 337sN33izc. May closed
at 333sc The weekly weather crop bulletins wen
by no means as unanimously favorable as they
have been. reporting too much rain and the crop
backward, except in Kansas. Liverpool showed "a
TO Nd over Mondays close. There was iargs
decrease in the visible $4,000 bushels, and the
contract stock, S,5O5O0o bushels, showed decrease
for the week of $1,000 bushels The trade was
not a big one Shorts were the buyers. Barrett
Farnum, Gaylord and Vance led the commissica
buylng. Cearances for two days were LIAM
bushels The cash sales from here were only "a
900 bushels the seaboard reported 2 loads for e.
port Corn needs dry weather.
Oats sympathized with the wheat and CON
strength. the July and September up isc 10 Sc
MAY was easy on large receipts. 62s cars with "
for Tomorrow Crop bulletins keep favoraoe
The visible decreased li3 900 bushels, the CONTRACT
stock. $4,000 bushels. increased $4,000 bushels
MAY closed at 24%c; July &c TO 23isc. and Sep
TENDER. 2ohc.
The discovery OF yeow-fever case In View
Orleans broke provisions severely. Pork on 30
lard off lOc ribs off l5c. There were 1900 hos'
with 1900 for Tomorrow Prices were &C lowe
at the yards.
On the curb puts on July wheat closed at ~
calls. 7s.c. Puts on July corn. 33ssc; calls. ~