New-York tribune., 1884-03-01
THE SPECULAr0Rs GONE
WHEAT AND CORN STEADY IN CHIcAGo-CLo5E -
THE PACKING SEASON.

WHEAT AND CORN STEADY N CHtCA6o-SLpoE u
THE PACKING SEASON.
IBY rUI.sGRAPH To THE TRIBUNE.
CHICAGO. Feb. 29.-Last night puts and
calls on corn sold only apart and only is cent
away from the moriet Hundreds OF Thousands OF them
were bought and sold I possible to hear OF one OF
them upon when any action was had to-day Asy corn
sold ast night j7. It got down to-day TO 57 and up
70 5zT The range absolutely within Il cent from tho
the end OF trading Tonight, when rhe trad
ing in these privileges began. the spread was only
36 It agterward wdened 3 cent, and the business
done in them was large. Maj Jones is said TO have
bonght pnts on 100000 bushels, and to have sold
calls on 25OOOO bushels. These figures Illustrate bet
ter than anything else could the absence Of speculative
interest from this market. Wheat to-day only uetuaed
between 975sc and 977sc. It claimed that wheas
sold as low as 97sc but if it did II was selling at the
same time in other quarters OF the pit
quarter Of a cent higher The curb at night was yl%
cents bid and "a cents md for corn The cold weather
of the ast days has raised some k or crop damage
NO news o. any & arrives w eid go good thar neal deal
of grain has been purchased. Tie big operators who
have been bearing the market are eNldeh,B htso
been an trading of late in privileges aud sae
explanation is that both the hg longs" and the big
shorts" shaky in their convictions and glad enough
TO pay something for insurance over night ,,
'Get aboard and ride mp 4 you want 20 MAKE money,
says prominent commission m3n i"-nlgnt = IN @ I1rr
nght every effort has uecn made 70 get prices downi
the big have been pounding and me crowd has peen
led into seing But prices apparently eau BE- got no
lower now. rherr IL a big shortage oat March s
here with the worst weather lnr tlcy
OF the whole I'm te ling NY customers 10 get IN anu
ride up; there's going 20 he bulge -.
The feeling tonight in both wheat and corn was pfetV
strong, although little was doing. The exporting hOuses
talked little stronger. They said thai the Con neht4!
demand Wa better: that the amount o wheat exported
from NeYOI would be pretty large his week. ahd thao
the decrease the visible supply 70 Ne reported hekD
Thursday would large TIE ecepts OF today were
2G2 ears, OF which about 20 per graded Tbs
weather helps 20 hold corn down IN price, lrst s 10
tend, 20 advance wheat The demand for cheap corn =
si sharp and although the crowd has been pretty Wen
shakeu out the gn0d holders more deefminFd than
ever The mig two" however, announces Itself OcaTtSh
large quantity Of puts" Just ~ the outside
speculation sSil bJoker gets into e0m me price,
| think will advance. do not look Tor lower prices.
March ia creeping up, showing that the stuttiOn s
not unhelth III the bad weather OF March comes on.
the inspection VIII grow worse ana wnen the hpo
weather OF April Nay gud June adv ances The bad c0rn
of which there much will not be IN CONDITION 10 snip
| az all Then the No. = viii be wanted.
May pork closed lss night at Sl4 80 II Is gong 20
ucht the curh SIS 02la, although ~ closed ~
~I7 97Lo Hogs were lower at the yards. FOR une,
product was pretty weak the floor but the trading
| amounted to but little To-day closes the regular
pa king season the pork barrels are al counted
] The stocks Will probably not be made puDle peIore
Monday: when they they will probably decide
the course Of the market. II they smaller than 10
anticipated viii follow rush by the shorts n
break for cover and big bulge Is pretty certain 20
follow such The advance on the cilrb tO-nlgho
shows nervousness. The popular feeling Is thar the
stocks will show up small. Baldwin. however a gooI
authority IL he wants tell what he knows, says that
while the stocks small they viii cot be as small as
anticipated Tonight Cudaby aud stevens SOFA s1nio
thousands barrels the cuTD &C the adv ance lhe
Fowlers declare themselves bulls on lard May iaf1
stopped AZ 80 20 on the alley