New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-06-25
TRADE IN CHICAGO.

T-rrrCE ApH TO TRIBUNE
r-,,iosro June ez-The excitement over the crop
..-o5-+-,e-+ IN rarts Of the Southwest was
s-~la-re-7-as today by sensational reports from
The Northwest IL regard 70 dry weather FalUs
Of North Dakota. where some N the great wheat
s-.-, .-a situated announced that there had been
10 rain for more than four weeks and that not
a-v weather now might cut the prospect IN Two
II VS. added that i would need rain WITHIN q
fortnight 10 save disaster There were qUaiIIi-
cations and derIals but the wheat specuIauoT was
excited There was very heavy covering o. wheat
r. The big cash interest especially by the leading
Northwest Interests On the swell, Armour was a
liberal seller Of July. He is supposed 10 De snort
wheat for July at St Louis and IS also olspOseu
u be short wheat here for September armour
IS bidding ali over the Middle West for No Z
red winter wheat 10 be laid down at St LOUIS II
July showing that he intends 70 NJ MS july saleS
there with cash wheat. This market To-Day al
ysnced lasc 10 &c, and closed at the top July
solo at 7sc and s05sc, and closed at $40 Olo ly
closed S124c, September I1zc' o4o 0epNeiiOe-
TIC There was nc consideration. except the crop
ad-ices Private cables reported excessive rams
n the Danube. Paris was UP lc and very strong
on -four London was excited on cash wheat
Clezrances were SIS 900 bushels There were
few showers in the Northwest to-day Showers
arc predicted there tonight The conservatives IN
the Northwest declare the situation not yet
crisis
Tho weather through the corn belt was hardly
cf the desirable sort There were heavy rains In
-
Corn traders were excited by the wheat expert
ence Corn prices advanced &c to 11sc. and closed
- The ION The PIT thought there large
addition to the Armour line. Bryan taking over
I oC0 60 bushels for somebody. July sold at 5oc
and 51Lc and closed at 5I1&c. September closed
al 5s.c: December sc. Receipts were 4i2 cars;
-or,orovy,s estimate As cars. Cash followed the
futures Eastern buyers hesitated; sales. 900
bushels Gables were steady. Clearances were
IL 90 bushels II IS mainly crop situation. with
the biggest operators the bull side
Oats sympathtzed with The other grains ana
closed &c 70 &C higher. They reached the hgn
prices so far. July. 4I5sc; September. s47sc; De
oember 34ssc Receipts were II cars; tomorrow s
estimate. % cars A local group has the July
cornered- The Eastern demand was quiet oats
suffered some from the drouth in the Northwest
West there has been Improvement Of late
Very heavy hog receipts resulted IN general
Hqus5ation Of provisions by the smaller holders
There was no support given TIE market from the
leading bulls Pork closed &c lower: lard, lZizc
lower; RIBS, Doc lower. There were 22,oO0 hogs
West compared with Is 900 last year
We ha e no open interest left IN the grain mar
kets" said J. Ogden Armour this afternoon Al
though J am q believer IN much higher prices Tor
corr I an OF II, and do not own a busheL
bur Il Is a matter Of merchandising ana the
wheat viii delivered The amount IS very snla IL
make this statement because have eliminated
from our grain business all the speculative e!e-
ment. We not long Or short IL any OF the
~ia4n markets.