New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-19
ARMOUR DELIVERS MORE WHEAT.
LOADING Up THE BULL CLIQUE IN CHI
CAGO-THE MARKET STEADY.

CAGO-THE MARKET STEADY.
Chicago Dec IS (SpeciaD-Therc was lot OF
wheat delivered out again by Armour. about as
much as he delivered yesterday-over million
bushels Probably In TWO days Armour has dehv-
cred 100000 bushels Of cash wheat. and the Letter
party has taken 1t all The deliveries Will Keep up
each day probably until the last Of the month.
The December bulls to-day chartered vessel room
for o6o 00 bushels Of wheat This will. OF course.
stay here till the end OF spring. They continue TO
declare that the bulk Of their wheat VIII go out OF
here by rail The crowd is beginning TO put some
faith in wha; they say. II they should begih 10
ship ali rail- the deferred wheat futures. the jan
nary and MAY would rise very fast. because IT
would be Impossible for anybody to accumulate
again this year the stock which has been accumu-
lated for this December deal The May shorts
would see that as soon az anybody 1t would take
only the beginning Of rail movement OF THIS local
stock East to start May shorts TO covering.
There was Unexpectedly firm market To-Day
MAY closing P. cent over Friday. |; opened at N@1
s7s sold between Sla. bid and s23p92ss. and closed
a; 92is The Letter party bought calls FRIDAY
night and tho market tonight closed over can
figures Frhey sold little wheat in the PIT nut
this intercs; pretty certainly increased It's May
line considerably to-day The December was htue
traded in. 1t sold at 9>l4a9s'g. with probably less
than J0.cO bushels changing hands.
There were 22S cars OF wheat here to-day, WIN
about half of IL contract. the estimate Tor Mohdl|
WAS 42S cars. Minneapolis and Duluth had boJ cars
against go last year. Minneapolis teIegraphed'
however that $40 Of its cars belonged to Armour
and were in from Eureka. and destined for Chicago
Clearances were 5s90p bushels. Liverpool was
steady: Paris a shade easier The local stock mere
Monday will increase possibly 100000 bushels. ana
the visible increase probably 10000 bushels nut
the worlds shipments will show a large decrease
and will the "On-passage" statement
ON the curb puts MAY wheat closed AT sl's
calls" 93i4.
The last week has witnessed some remarkable
changes in the wheat market and especially III the
December delivery. On Monday the difference pc
the high and low prices OF December Wds -
cents while the decline for the day was cents
Tuesdays changes were not much less bewlluerihs
the market selling between s. 8 and s'2. ana CLOS
ing at the low point The slump in prices WAS que
almost solely to one cause.-the enormous addltiOHs
to the stocks of contract wheat during almost ths
entire week. but more especially on Monday ana
Tuesday when not less than 1880 ,1 bushels were
added 10 the stocks. This was but the Legitimate
result of the prices which ruled in this market Inc
week before and which were at one time T, ~ ct ,r
necemher For The rest OF the week the market
mand Offering kept within narrower limits ~
Thursday the market responded to evidences OF Cd
renewed foreign demand. May moving up cent on
reported heavy sales for shipment 10 France. Inc
closing yesterday was rather weak me near ap
the market excessively dull. The weeks range i0t
was beWeen % ana Shg as 'e
AS an echo Of yesterdays enormous gram ue,
liveries. Armour & Co. have returned policies on
were Immediately reissued in the name OF Anen'
Greer Zeeler Il Co. The transaction created con.
Vas me nossibility of the failure the part OF
Armour e. Co. to do this that caused rniho' ~ VI
IAN insurance corner" as an adjunct 10 the De
II is said that at least 5000 oco on deposit IN
various banks in this city to the crcu Of Uayng FOR
the wheat to be delivered TO them