New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-25
THE TRADE ~ CHICAGO.

Chicago, March "a (SpeciaD.-While the Letter
interest continues to support the May here, II
is giving no help 10 the July 1t begins TO look as
IL the Letter crowd had decided that il would
stop It's operations at May; run its deal through
that month. but let the deferred futures take
care OF themselves. That was tho way the mar
ket acted to-day. May was supported all the
session. 1t finally pegged at 81 o. 1t
opened at 81 05 sold between 81 0Ja. and 81 o.
and closed at 81 o.. The July was In the hands Of
the bear Philistines 1t opened at S42s cents. sold
between S41e and 1924 cents. and closed at 1923.
QS27s cents. There was no support to the July.
There was little local covering early. Cables
were rather Unexpectedly steady. Liverpool I'M
changed to asd. lower. and Paris a trife higher
There was ideal spring weather West. The pre-
dcton Of another cold wave for Saturday had
no effect Local receipts showed considerable
falling Off 126 cars, with 100 estimated for
Friday. In the Northwest there were 32i cars
against pa last year. Clearances POI 900
bushels. The tip is that receipts at this point
will be much smaller. There pretty good
signs that the Letters have made sort OF
an ARRANGEMENT with the big cash handlers so
that the wheat will not be poured into this mar
ket as II has been. Letter sr. IS here There
has evidently been some changing Of plans: the
Letter trading has been cleverer Of late The
cash wheat has been hurried out. Evidently
the plan now is 10 hurry the wheat into con-
sumption and to limit the bull operations 70
May. The Price Current" to-day was bearish
In its crop summary declaring that the wheat
crop was a more certain basis than previous
w. St Louis continued To do some selling to-
day. Letter brokers bought the May and posi-
bly, sold July. The addition to the contract
stock to-day was 10000 bushels. This makes
the addition To the contract stock in four days
$50 600 bushels. Harris the biggest July
seller.
Corn was weak. the May liquidation increas-
ing Prices closed 4 cent under Wednesday.
May sold from 20 cents to 2N&s cents. and closed
at 2S5s cents. The good weather had something to
do with the decline. Liverpool was isN1ad lower.
There were liberal cearances-19IOO 900 bushels.
The only demand for futures was from shorts.
The commission house selling was by Barrett
Farnum Patten. Bartlett Frazier. Courselman.
Carrington- Hannah and Weare There was
some buying Of corn by New-York The best
buyers were the Freedman Pacaud and Prn-
gle interests which had been short in the
ket Receipts were ia cars. with $50 estimated
for Friday. 1t looked as II the Letter party was
selling oats to-day. 1t is supposed to have the
big long line. Prices lost asala cent.
May sold from 257s cents to 25'sG25i2 cents.
and closed at 25ssG25l2 cents The inspection
was los cars with 100 estimated for Friday.
Clearances were large--ji0ooO bushels. \ little
export was claimed from here-SOOo bushels.
Oats are likely To be a good deal affected by
the weather.
Liquidation as much the factor in pro-
visions as in the grain markets There
heavy selling by two commission houses Bald
win Quincy and BarrcttFarnum 1t was sup
posed 10 be the letting-go ~ long product. Pork
lost 10 cents; lard > cents; ribs wer" unchanged.
Hogs were > cents lower. with 2S.OO received
and $1,000 estimated for tomorrow. No sup
port is being given to prices because Cf the un-
certainty attending the Cuban matter.
on the curb puts on May wheat were 81 03:
calls. 81 %; puts on July were SlHs cents; calls.
S37s cents Puts on May corn were 2S9s cents:
calls. 2Sss cents.