New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-22
THE TRADE IN CHICAGO.

Chicago. March 81 (speciaD.-Leiter to-day
filed orders with the Weare elevators for
100000 bushels Of wheat, TO go at once by rail
to the seaboard The Armour wheat mas been
practically cleaned out, or VIII ne "hen the
orders now filed are filed Letter IS now max
ing haste to send out the wheat In the other
elevators here. He filed lesser orders to-day
with other houses. The total for the day was
about 100000 bushels. Letter made contract
Saturday with the Lake Shore to carry $4,000
bushels Of his wheat He has closed contracts
for the movement Of all his wheat, using tbs
same roads he used six weeks ago. He says that
all his wheat will be out OF here within three
weeks ard by that time he says his shipments
will have aggregated 10Oo0OpD bushels.
severe cold pointing its nose into ths
Dakotas this morning frightened the wheat
shorts. and made a rather firm day Of IT, in
spite OF the very large amount Of selling done
by Letter on Saturday. Prices were strong.
within a range Of IA cents. There was sharp
recovery in the May. It selling from 81 O3ia to
81 O5la. and closing at 81 oiN. Tho Letter peo-
pie were willing 20 take It at 81 o. The July
sold from S4a cents to S57.@s57s cents. and
closed at S51smSjA cents. There was no infu.
cnce comparable with the cold wave prospect.
The foreign news was Of both sorts Liverpool,
did not syrnpathize with the Saturday break bu,
the worlds shipments were liberal-G 10000
bushels The Liverpool stock in warehouses;
10000 bushels-showed an increase for the
week If 800 bushels. There was decrease
Of $50 900 bushels. The American visible supply
decreased 99S.WO bushels There were very
large Western receipts eyerywhHre-3o 300 cars
here and 413 cars in the Northwest, against 39t
last year CIearances were ljj.pro bushels.
The contribution 10 the contract stock was
l54 900 bushels Ore Of the bearish announce
rnents from the other side was the statement
that the Bengal rice crop would he 5oOpoONO
bushels against 216.pt)O0O bushels last year
The local stock decreased FOR tho week only
oij,VjO bushels. 50 that. in spite ~ the Iiberal
Letter shipments, receipts were almost as large
Letter has oeen taking great deal more active
part In the trade ~ late scalplng the marke;
on n large scale. something he did not formerly
do Having sold enormously Saturday. he
was A Yery large buyer az the opening and in
the last hour his brokers were selling. This
change in tactics has made a favorable impress
sion in the pit. Letter heretofore has been
charged with neglectng his scalping opportuni-
ties
Shorts covered corn freely. Patten and Bart
lett Frazier leading The range within
~ cent the close a shade under Saturday May
and 294 cents and closed AZ 29s cents
Receipts were 3O1 cars with 800 cars estimated
for Tuesday Liverpool was I'D. lower on spot
and Nd higher on futures. Seaboard clearances
were co 600 bushels Sellers were encouraged
b. the continued accurnulations in stocks an
increase in the visible Of 1900 bushels and
an increase in the local stock Of $4,000 bushels.
New York reported 80 loads FOR export: shipping
sales hereabout 10000 bushels. The talent Is
Inclined to look for lower prices. in view of the
certainty Of a large May liquidation. Increase
on passage. $4,000 bushels
The prospect Of severe cold weather was as
naturally a bull influence on oats in wheat
II realized It will put end temporarily 10 the
talk Of early spring. May oats sold from 23la
cents to 261s cents and closed at 257s cents. Re-
celpts we're 292 cars. with 300 cars estimated
for Tuesday
Seaboard clearances were large, 453 600 BUSH
els Stocks showed no increase anywhere. Tho
visible decreased $1,000 bushels. Shorts did
the buying. Patten and BartlettFrazier. New
York did some buying.
Provisions about held their own. Lard closed
Just where It did Saturday; pork and ribs 2is
cents to ) cents higher. There was no specula-
tive trade worth mentioning. There were $1,000
hogs. with 10000 estimated for Tomorrow.
Prices at the yards were , cents higher There
were $1,000 hogs West, against .cl,oD last year.
Shipments were not so large. 2ScOOcO lbs cured
meats and l,394,O0 lbs. lard. The talent IS
rather bearsh. Packers would be bull!sh bat
for the Washington situation.
or the curb puts on May wheat were 81 oOi2:
calls. 81 ria. Puts on July wheat StAqSs
cents: calls, S6 cents. Puts on May corn. 291S
cents; calls. 29is cents