New-York tribune., 1902-07-13
TRADE IN CHICAGO.
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Chicago. July 1.-THE July longs supported that
future to-day through commission people. Brcsseau
bought most of for the Harris Gates party There
was peg" in the July price all day at S5c and II
closed at SEC. While the HarrisGates people bought
July, they were the best sellers of September
through Cudahy brokers' Bartlett Frazier were
the best buyers OF September. July closed Ac
higher than Friday; the deferred months were 7sc
to ssc lower. September opened at 6l%c, SOLO oe-
tween 6l12c and 624c and closed at 6ls4c bid. De
cember closed at AIS; May, 44ssc. Better weather
is indicated in the corn receipts and much nproV-
ing the inspection. Out of the private elevators ana
in the receipts there were at least oVo"VV
bushels of contract corn to-day, and there was
much yesterday. It is believed that Win Aalt
weather with these prices the receipts Will increase
and the grading improve until the July bulls may
have to pay for 100000 bushels of corn oaV.
There 313 cars of corn to-day; 45o estimated
for Monday The cleaning houses are running night
and day. Elevator people paid as high as isc Tor
No. 8 corn in the expectation OF turning II INTO
contract The Harris-Gates crowd are steadlly snip
ping its away; sent out $4,000 busheIs to-day
and have loaded out about 100000 bushels so far
this week. They supposed TO be selllhg II
through New England at &c c. /. f. Buffalo Brown
of Boston; Beatty, of New-York; Kennedy OF Bu1-
falo and Gibson in this market are doing the dls-
tributng. and the corn is going out IN all sorts
of ways-all rail and by vessel There was peu-
ton circulating to-day for marginal price Ihls
will go to the directors next Tuesday II the al-
rectors take action on it they can name price
down TO which the bull crowd can be called. IL
would probably be about Csc 1t is likely that II
this pettion goes to the directors a marginal price
will be made as a matter of course. It is not be-
Heved, however. that it would make any difference
to the bull crowd, and there is disposition here
TO show any hostility toward the bulls The shorts,
however, have right under the rules to mar
ginal prizes If they want TO ask for it. There was
also a petition going the rounds asking the d.
rectors permit the delivery OF low grades on
contracts with penalties-such rule is in vogue
90 could n 8
existing contracts and certainly would not meet
with approval here. The shorts, however, are on
the move all the time.
Fine weather broke wheat prices Sc to &c, Yes
terday's prediction OF showers was not realized.
The weather map showed no rains anywhere; the
forecast for Sunday for generally clear weather
Cash people reported Southwestern offerings larger
St Louis reported its grading improving with bet
ter weather. The September premium over Decem-
ber disappeared to-day, and the market feature was
selling of September and buying of December by
the Peavey crowd. Clearances were 775O00 bushels.
There will be visible increase of about 10000
bushels Monday. Gables were Indifferent. July
closed at 5%sc; September sold at 74c and 73hc and
closed at 7315c bid; December 73Ssc bid.
Oats closed 2sc to 1c under Friday, Influenced en-
tirely by the improved weather The July
closed at 49zc old July, 43zc; September SS1sc;
old September 3012c. Illinois messages said har-
vesting of oats would begin Monday. New oats
from Illinois, with good weather. will be here at
the end of next week. Receipts were los cars; Mon
days estimate, So No. white oats were 5Sc 10 DC
Lard to-day advanced Csc hundred, and lard for
July and September in two days is UP 6Cc hun
dred. about $2 tierce Foreigners have been
the best buyers. The feature has been the small
ness Of the offerings. The Cudahys supposed
to control the market. But the hog supply is
ceedingly small and Notwithstanding the very
high provision prices, hogs really higher than
the product. Ribs and pork were featureess. In
the West there only 1900 hogs against 62 900
last year.
Cash fax off 1c to &c: futures off &c to &c.
The big cash premiums disappearing; the
weather is fine September closed at 81 36 sellers;
October, 81 SO bid.