New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-22
THE. TRADE IN CHICAGO.

Chicago. Feb. 81 (SpecaD.-It was not big
wheat market to-day. but it was a nervous one.
May opened at 81 O6. sold between 81 06 and
81 OS, and closed at 81 0624 The feature in
this future was covering by shorts, who did
not want to 60 over the holiday with trades
open. So far as was apparent. the Letter party
let the market alone. That was what they
said. and the signs bore them out If they did
do anything, it was little selling There was
a somewhat better trade in July, into which
outsiders going; but even the business In
this limited. The country did some July
buying. Outside May longs took profits. New
York covered May through Mcintyre Wardwel
and others. There was one very bulish an
nouncement, a decrease of the Liverpool stock
for the week Of 100000 bushels, leaving in the
warehouses there only 1,O12,00O bushels
Everything else that came along was Of the
other sort. The decrease in the visible supply
POI 900 bushels-wase much less than antici
pated, and 100000 bushels less than the de-
crease last year The worlds wheat shipments
were large. $4,000 bushels. There was an in
crease on passage Of 100000 bushels. The
English visible. however. decreased 2S5.COO
bushels. The prospect is for an increase in the
worlds visible Of Wednesday of 100000 bush
els. Gables were indifferent, Liverpool up 4
TO Id. which was about one-third as much as
the advance here Saturday. Seaboard clear
ances were $4,000. Minneapolis and Duluth
had $50 cars; at primary points there were
472OOO bushels The selling Of futures. par
ticularly OF May. was led by Counselman-Day.
Milmine- Bodman Mcintyre Wardwell and Ed
wards were the best buyers
Corn opened firm with wheat IT met good
deal of lqudating selling. Ii finally closed one
fourth of a cent under Saturday. May opened
at 31% cents sold between 315s cents and
309s cents, and closed at 307s cents. Receipts
sos cars. with 800 estimated for Tuesday
Samples were steady Liverpool was I'd. 10 sd
higher; seaboard clearances were $685. 900 BUSH
els The visible increased 1,33oO00 bushels;
the local stock increased 500. 900 bushels There
Cash bids were out Of line. New-York reported
twenty-five loads for export there.
There was the same situation in oats as In
CONTEMPLATION by longs. Shipping bids were
out of line. Receipts were 43S cars, with 250
estimated for Tuesday. Samples were cent
lower. Seaboard clearances were $4,000 The
visible decreased 100000 bushels; the local
at 27k, sold between 2719 and 261z and closed
at 26s.
There was but one feature TO the provision
market-the relative strength of lard. 1t closed
a shade ribs, after having been under ribs
for two years Lard closed 2h cents over Sat-
urday ribs and pork 2h cents under Saturday.
II was q slow market. good deal OF the busi-
ness was spreading buying ribs against sales
Of lard. or vice-versa. Hog receipts were light
because of the storm, $4,000 and 10000 esti-
mated for Tuesday. Exports OF bacon for the
week were large, $4,000 boxes. against $4,000
boxes for the same week last year. IL is ex-
pected that the stock Of lard for February will
show no change; last February there was an IN
crease of $4,000 tierces.
On the curb. puts on May wheat closed at
81 02% calls" 81 III. Puts on July, 901s9
9Oal cents: calls" 95ss cents. Puts on May
corn were 30asQ30% cents; calls" 3lBq31A
cents