New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-17
THE TRADE ~ CHJClTO.

Chicago March rs (SpeciaD-I.eitcr gained An
i'm portant victory over his opponents in he
wheat deal to-day, defeating IN effort by the
bears TO have the directors fix marginal price
on May wheat. An application was made al the
close Of Change, p case having been made I'd
under the rules by Nash, Wright & CO. and
F. c. LOGAN & CO. The directors met In the
afternoon and heard the testimony % milers
and shippers as the legitimate value ~ wheat
for shipping and milling purposes The tesi-
mony was almost unanimously in the direction
OF wheat being worth in the neighborhood - 81
a bushel for export 10 Liverpool or FOR milling
The directors then took a vote upon the appi-
cation for a marginal price. and with only one
dissenting vote decided that there was no ground
for the fixing Of n marginal price and refused
to do II.
Letter to-day continued 10 support the May
wheat taking all offerings NJ 81 OF lie took pos
sby 10000 bushels The July wheat to-day
very weak. suffering another big decline right
at the heels Of yesterdays It opened at S5ls
cents sold between S5i2 and - cents and
closed at s4IsdS4ns cents. The September and
the December held better. the former losing
only "A cent St Louis was the best seller here
to-day. Kaufman leading in H. The S. Louis
bears now have a profit in their short line and
are pettlNg ". NotNng Is COUNTING ~ MUM
against the marke, as the fine weather. tho
abundance OF moisture and the springlike tenn
reratures Advices On the -four very bear
ish, millers declaring that they DO not find Il
easy to sell flour although made out - cheap
wheat. and they do not find /, easy % &c, ship
ping directions on -four already sold. The clear
ances to-day were $4,000 bushels. Receipts al
Minneapolis. Duluth and Chicago were 3I2 cars.
last Gables relatively
steady. Liverpool only 2,d. 10 Id. lower; Paris
unchanged. The addition 10 the contract wheat
STOCK today was $4,000 bushels making $4,000
bushels contract wheat added here In three days
That is about as fast Letter is shipping
wheat out.
Corn began 70 feel to-day the start ot the May
liquidation. prices at one time showing a loss 81
q, cent The close vas only II cent over the bot
tenn May sold from 297t cents 10 2ols a29li cents
and closed at 29ii a 293s cents. on the decline
a good deal Of cash business was done prob
ably 100000 bushels The seaboard reported
900 oO0 bushels sold for export. Gables were
easy SeabOard clearances were oo3Opo bush
els Country offerings were moderate. Receipts
were pa cars with 200 estimated FOR to-mor-
row There was some Liquidation The sharpest
selling was by shorts-Patten. Frazier Pacaud
and others There is almost 3O0OO000 bushels
Of corn here Stocks East here are large Warm
weather will produce grass and lessen consump-
ton.
oats were about as weak az corn. losing =
cent and closing almost at the bottom May soId
from 26ls cents to 252sG25i2 cents and closed at
25isG25hs cents. Receipts were Isl cars with
lg5 estimated for Thursday. Clearances were
l1fOO bushels The seaboard reports large
export business on the decline 31OeW ousheA
FOR present and deferred shipment
Provisions we're remarkably steady. CONSIDER
ing their surroundings pork. lard and lids CLOS
ing only 2l5 cents under Tuesday The raa'
was small There was little buying oy pack
ers who had sold yesterday the Chicago rack
irg Company and Swift. There were only -o'Vo"
hogs with 26OOO estimated for tomorrow SNIP
ments were not quite so large only 4oV'oV'
mounds lard and 100000 meats. There was
no inclination to bull provisions so long as mo
Spanish controversy is in the scale.
| on the curb puts" on May wheat closed al
81 ooh. calls" 81 o5i9; puts" on July we're
S3h cents; calls" SGl4 cents; puts on May
corn were 29l. G292s cents; calls" 2'Hssz9n
|