The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-12-24
LElTERANDARMOUR'Sw WAR
TALK OF A DEAL BETWEEN THEN
70 CORNER MAI WHEAT
peth sides paid % Ne BuJinE on the RHpeeta.
tion Of . Continued shortage In Eurepenn
enthusiastically 1000 o Bushels or
Vrhnns htrN>Av a,nr>a A., rht.,r.

neth sides paia % Ne BuyinE on the Rrpeeta.
tion OF q Continued shortaEo In Rurepenn
enthusiastically 5000 900 bushels or
wheat Already s,ersd In ChicaEo.
CHICAGO, Dec. ga question that IL pug.
sling wheat traders IL whether Letter and Ar
mour will POOL their interests to corner May
wheat. George French has piled up at least
100000 o bushels Of May wheat, accord
ing to uncolorod reports from tho floor.
Armour's radical change OF front In bull.
ing May wheat is common knowledge. It Ia
equally we'll known that Armour has n pile
Of wheat bought which is supposed to come
close to the Letter holding. AS II to emphasize
the pool talk, both Armour's and Letters mon
are buying wheat to-day. Armour's move
monts are closely yelled, but Letters engineers
make no secret Of the dealings In May wheat.
Already May wheat Is regarded by the public
a. dangerous to handle. To-day wheat ad-
vanced lie cents before the noon hour and trad
ing was very heavy.
MAY wheat Ia q long shot," is the answer
given BY commission men when approached by
customers. Up to July there will be no new
crop in this country. European countries ex.
pect a surplus in Argentina, Australia.
Russia. and Buenos Ayres. But tho ag.
gregate shipments from these countries
are regarded as insufficient to satisfy
the shortage In Europe. Tho winter crop
In this country is not harvested until July,
situation has nevcr been so favorable for a cor.
ner In May wheat, az II will be this season.
rise, and tho difference between December and
May 10 being RAPIDLY narrowed.
- am very bnllish on May wheat" said Mr..
FRENCH. suiting the action to the sentiment by
sending. a messenger on the. floor of the Ex-
foreign demand promises to keep up. and the
price OF May will be enhanced. I'm sure"
I'D. Armour's, views on May wheat are we'll
has at various times given publicity to his bull.
ish sentiment nd prophesied that wheat would
yet bring $1.25. Armour literally went against
his grain y when ho became n short in Decom:
bet wheat, and those who know him say he will
redeem himself IN his position toward May
wheat, rs he is a bull in theory rs we'll as in
Whether Letter and Armour unite their mil.
lions to corner May wheat or pursue indepcn.
dent courses the effect will BIO the same. for
both are pilinR up May wheat. Letter has so
and the latter haH been a frequent visitor at
Armour's La Sale street office. And despite
the fact that the Letter millions were arrayed
against the Armour strong box therc are friendly
relations between the principals of the two
camps.
The trade will not be surprised to find tina
the, clique has stolen q march during the night
big pile Of wheat which has already been de.
iyered to Il: Within four days tho receipts Of
wheat IN this city have amounted to .1,026.-
more than $4,000 bushels Of wheat have
boen shipped out Of the city. Add to this ac-
cuinulation OF the last week another 800, 900
bushels Of wheat received in this city before to;
contain 100000 bushels of contract wheat.
the rate Of from 81 to 90 cents a bushel.
how much money the Letters have piled up in
this huge pile OF December wheat.