New-York tribune., 1902-06-18
RAILROAD EARNINGS.
WISCONSIN CENTRAL.
TRADE IN CHICAGO.

Chicago June II (speciaD.-The July shorts
are receiving punishment IN advance OF their ex-
pectations. Prices to-day were up 3fsc and
the July closed 67lec best since 1t was traded
In and within &C Of the top for any kind OF corn
this season. July opened at 64asc. sold between
642.c and 67izc and closed at size. The other
futures were up lsc 10 I4c, September closing at
59c December 447sC and the May i3qsc. The buy
ing was led by Bartlett Frazier. million or more
This is supposed to be for tho New-York crowd
This concern has been doing business for the same
interest which has been sending the bulk Of Its
orders to Harris-Gates. The latter firm was on
both sides Of the market to-day, helping the price
up however without taking much. 1t Is now
assumed that much OF the clique business is neces-
sartly being done through brokers commission
houses under cover. There were 37S cars OF corn
with only 10 contract; the estimate for Wednesday
was 10 cars But there were about l6OOO bushels
OF contract OF private elevators and these
establishments have been making about this much
contract corn each day this week. The contract
stocks, 2,262O00 bushels, increased $4,000 bushels
East of the Rockies increased l2lS000 bushels
Primary receipts were larger than last year. The
cash market was Just demoralized yesterday,
the commercial grade the No. 3, not getting much
over 6Oc and the No. yellow not much over &C.
Some of the cash handlers are of opinion that the
bull crowd by demoralizng the cash situation will
succeed in much reducing the country offerings.
With such an extraordinary advance in the mid
die of June and with the end of July six weeks off.
II would rather look as If the bull crowd intended
to rush all the sh prts possible, and then get out
of the July and into the September. Such prices
a to-days ought to do good deal 10 increase the
movement and if maintained, make this market
the centre for the corn everywhere. The deal,
however is so big, and the crowd under 1t Is sup
posed 10 have so much money to lose, that people
here are not disposed TO bet any of their money
any sort Of corn theory
Wheat with a good many bull helps. was re-
markably Indifferent 1t closed only %qh4c over
Monday although up over &c Inc
weather looked too West and Southwest, and
showers were predicted for tomorrow. Paris was
l5G2!c b. ;her and Continental cables reported the
weather there bad. Yet the entire wheat range was
within Ibc July sold at 722sc and 72c sellers. and
closed 721sc; September. Tic; the December, I21Sc
The worlds visible decreased 4,46l,00O bushels.
contract stock decreased 477,000 bushels; receipts
were less than last year. But the mood here was
bearish throughout. Cash sales were about l5O,Vo
bushels the No. ! Northern &c over the July. In
the two days cash wheat sales are about 3oO,NO
bushels No. l Northern. Clearances were only
40 OGO bushels. The Southwest is offering wheat
freely to arrive in July.
oats were quiet closing about where they left off
Monday New July closed at 39l2c; old July, SAc.
Receipts were 225 cars Wednesdays estimate, 10.
The shipping demand IS fair offerings to arrive in
the July increasing. ..
lower; ribs unchanged. Hog receipts now are about
equal to last year. and the cash demand quiet