New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-12
MORE LETTER WHEAT GOING OUT.
THE ORDERS FOR SHIPMENT INCREASED
AND THE MARKET STRONG
TRADING IN CORN.


Chicago. Feb. II (speciaD.-Leitcr late to-day
ordered the Nickel Plate to take 10000 bush OF
wheat. all rail. for him to the seaboard. whence
II Will go abroad at once. This order makes $1,000
bushels ordered shipped In the last two days. Ire
rate is 32h cents Europe. This IS only part OF
the wheat contracted for. Letters agent at the
seaboard has closed contracts for the movement
out and abroad of 100000 bushels. and the orders
to-day and yesterday for 10000 bushels are only
the beginning
Wheat closed higher than on Thursday,
and at one time was ~ cents higher May opened
AT s7is cents sold between 97ia cents and sS cents
and closed at WAISTS cents. On the curb May
was sS cents Shorts had hut one thing In mind.
the news which developed yesterday. the starting
away Of 10000 bushels of Letters wheat all rail
for the other side. and the prospect that several
millions Of II would go In the same direction just
as soon 1t could be moved. The anxiety OF
shorts was accontuated by the Saturday holiday
and by the fact that it would be two days before
the market would be going again. Liverpool was
up Esd 10 Id: Paris. up IL to - centimes.
NewYork reported a good export demand at the
seaboard. with every body reporting 80 loads ac-
ceptcd overnight and With some putting the en-
fragments at double this Clearances we're 10000
bushels Rear got no consideration. The
shorts were too anxious 10 get out Argentine ship
nents showed a little incrcase-7l2cp bushels
against GRO the week previous. and 10000 bush
els last year Estimates on the visible supply were
for a decrease Of only 10000 bushels compared with
a decrease last year of l,2270o bushels western
receipts were large, not quite so large. however,
they have been running. Minneapolis and Duluth
had 3S7 cars. At primary markets there were AZ
900 bushels. There big speculative trade.
In a general way those who bought wheat Thurs
day were sellers to-day. Letter brokers were SELL
ing around the top. 1t too big a market. now
ever, be too certain about that LIVERPOOL f..
ceipts in the last six days have been only Z'2VOv
bush--abOut onc-third the requirements.
Corn strong. with an immense trade. ana tho
pit crowded from the opening TO the CLOSING.
large buying by Patten, Bartlett-Frazer. and other
bulls May opened at g9a. cents. sold between &'',
and 30i- cents and closed at 3hr3Dis cents. some
export business was done from here direct. Clear
with $50 estimated for Saturday. New-iork report
ed 81 loads for EXPORT Samples were = TO p cent
higher. Inland and ocean rates nave dropped IN
the last five weeks about cents bushel, part
Of which this market ought TO get.
oats got 10 the best price on this crop g cents
for May. The close 257s TO % cents. The pit
crowded all tho session. There was large
trade Exports sales made from here aggre-
crowded the market some. The outside interest
greatly increased. Receipts were 212 cars, with
1925 estimated for Saturday. Clearances were 215to
bushels oats. well as corn. ought to get the
Provisions did considerably better than holding
their own. according the bull view. Pork closed
5G72 cents Thursday: lard 2l2 cents over:
ribs. 2a cents There were $500 hogs with
1900 estimated for Saturday. $40" for Monday.
and l75 600 for next week. The trade rot large.
Cash demand good. The bulls are looking for
5i2 cent ribs. -
cents: calls Ssa, cents. Puts July. s5h cents;
calls sG5s Puts May corn. 30 cents: calls.
S0isg304 cents.