New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
TRADE IN CHICAGO.
IBY TELEGRAPH TO THE TRIBUNE

IBY TELEGRAPH TO THE TRIBUNE
Chicago. May IS.-Every one was inclined TO sell
wheat to-day for reaction. and there was great
deal Of bear news The weather could not have
been improved On. Gables Indifferent Duluth
said that the shipping business was at a standstll
because OF the strike. NewYork said that all the
seaboard ports IN April had cleared less than 5000
bushels and that the situation was not improved
any Minneapolis. with only two-thirds Of its mills
running, decreased 10000 bushels in five days, and
Minneapolis In two days shipped out $4,000 bushels.
The selling was based the fact that there had
been an advance Of from &c to &c in days. and
was popular TO believe that a break in order.
But the market did not break. May got to &C
over July the tiptop premium Of the season. There
is nothing say about the market: everything was
the surface. There were sales Of 10000 bushels
No. l Northern or the 10000 bushels contract
wheat here last Saturday, it is expected that half
Will be gone by next Saturday. There were 1900
bushels No. l Northern cancelled. Clearances were
$4,000 bushels. Antwerp cabled that the Russian
crop was uncertain possibly average The esti-
mate Of the cars for tomorrow is only three. The
situation here is very much mixed. Nothing is GER
tain except that there is contract wheat here
TO deliver on contracts. Some think a Zoe to 2)c
advance in May and July a possibility.
Every body just as bearish on corn as on
wheat giving it any support New-York
May was up &c and the Kansas City May was up
BIC. but nobody seemed consider that significant
though Armour touched up the New-York corn
bulls by sending a few orders May corn 10 New
Corn closed re higher lbc lower May at 47Ilc
July at 4sc and September at 47asc. Shippers are
parayzed by the vessel situation. There is another
strike in the elevators Buffalo The weather is
perfect
Corn offerings are increasing. No one is giving
support. though the Armour people tell their friends
that they look for better prices some time during
the summer. Armour is buvng all the cash corn
still Receipts to-day only 80 cars; the esti-
mate for tomorrow. 46 Stocks are still being
rapidly decreased. Cables steady. Cash corn
steady.
There IS just about such situation in oats as
I'm corn The cash has suddenly fattened all out The
East was taking lot of oats up the day before
yesterday. 1t has not taken a bushel since and
every cash man acts sick. The market is neglected
Patten has the cash and is supposed TO be
long on May. Prices closed unchanged to 14o lower
May left off at 4lszc July 3s1sc: September SO1sc
There were only 81 cars. There are only 10s esti-
mated for tomorrow. Cash steady. The stock
OF standard is only 100000 bushels. There were
sl25O bushels standard oats of II Patten
or anybody else has line OF May he can squeezs
the life out OF his shorts for there only eleven
days more. But whether there is any short inter
est seems TO know
Provisions were strong buying by brokers a nd
commission people. which evidently meant bllvinp
by packers. 1t looked a good deal like Cudsbv
buying. Swift a buyer. Pork closed UNCHANGED.
lard &c higher; ribs &c higher. Hogs opened 5c
higher. but did not hold. Liverpool was higher
Receipts here only 24.OO0 hogs West there
were 90 900 hogs against 5000 last year
Shearson Hamil have bought the speculative
business OF counselulan g. Co.