New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-26
TRADE IN CHICAGO.
TBY TELEGRAPH TO THE TRIBUNE.


Chicago, May 25.-Wheat to-day active, and
considering the amount Of long wheat on which
the holders took profits, It wonderfully strong
Minneapolis was sending out signs Of distress-that
IS, from the bears in that market-the price Of
May and cash wheat there being from 81 22% to
81 23sE. or <Ac each higher than they closed yes
terday, and damage reports from both spring and
winter wheat territory were creating the same
anxiety for the next crop that has been the chief
inspiration Of the operators for the last two weeks
May at the close only up Nc and July No
and &c. while September unchanged. Corn
was firm for July, but most erratic and unsettled
for the current month. The cornerers were stTu in
control OF the latter, but with the fear OF possible
litigation before their eyes should they attempt to
drive too hard bargain with the shorts, they let
the price down from CSC to SOC, and IL closed at
&c. as against 6e1zc yesterday. It reported
that private settlements had been made altogether
Of not far from 100000 bushels. July closed ct
net gain Of &c Oats were unchanged for May and
&c higher for July. with September up Isc, Pro-
visions felt the weight Of heavy run of hogs and
closed lower.
Rain IN the Southwest and freezing temperature
IN the Northwest caused more fear for salts
factory wheat crop and this was the principal
Tor advance from 1J4c TO l&c at the open
ing. Some selling orders from abroad for both
July and September executed at the opening
Estimate for tomorrow cars May sold from
s. % down TO o8, closing the latter price July
closed al so5Sc; the highest 91sc and the lowest
S0Sc-
price touched CSC, which over the high point
and Ifc over the close yesterday 1t soon developed
that there was q large quantity OF May corn for
sale through commission houses. Half a million
bushels were sold. putting the price back TO 60
Later this went down TO Coo. New July touched
zs1zc little advance and rested at SIC. Old
July. in which there was the greatest trade sold
up 20 50c and held firm q little under that figure
Receipts were heavy. go being inspected in.
OF those 107 contract, with 10000 bushels
transferred from private houses. Estimate for to-
MORROW was $50 cars. Shipments hence were 100 OOO
bushels After selling high as CSC and as low
60c. May closed az &c. The highest for July
was 501sc the lowest 1880, and the close was 49zt
20 soc.
Moderate business was transacted IN the oat DIT
the market being strong Receipts were small only
rs cars being inspected IN, of which Is cars were
contract. Estimate for tomorrow was 1l2 cars.
Shipments were 10000 bushels May closed at the
bottom. s1ssc- The highest Slssc July sold
from 6ossc TO SoZc. closing 3g5kc
Provisions started with a rush, which after the
first hour, simnnered down Selling was cutie gen
ersl az the outset and easier feeling followed
brokers thought 20 be acting for Cudahy and
armour supplied the greater part of the demand.
Buying was scattered Later in day the strength
Ia coarse grains and lack of selling pressure caused
July pork sold from 50 IS. off TO So % and re-
sstsd 70 the former price. July lard sold from
AHH 20 81 30. on 10 81 q 20 81 2T5k and reacted 10
LNh. July ribs sold from 81 22A. of TO 81 20 10
q - and reacted 10 81 III. Hog receipts were
200 head. and prices ct the yards kl1e 70 e.