New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-12
THE TRADE IN CHICAGO.

Chicago. March II (speciaD.-A fierce drive
was made by the Armour forces against Letter
to-day. All sorts Of tactics. familiar 10 great
nanipulations were resorted to by the bears A
determined effort was made to get the market
avav from, Letters control The attack was all
along the line but the most effort was against
the Nav. Letters brokers had orders to buy
all tho Nav Offering at 81 o.. Offers however,
were made all the pit as low as 81 o3i4.
barring the Letter brokers'" For time it
looked as II the May price would be carried
down in spite Of the persistent bids at 81 "a by
Allen Grier and other Letter representatives.
The bull leader, however. changed his brokers
and put new houses in with orders 10 bid 81 W
for May. Quiet was finally restored. The May
closed at 81 o., The July lost about cents.
with a good deal Of influential selling. II opened
al oOA cents sold between 9O3s cents and Ssl4
cents and closed at $50 sS3s cents. There was
selling OF July by Linn and Cudahy There
was a great lot Of July selling from every direc-
ton. So far as was apparent no Letter support
was given to this future. The foreign news was
rather bullish Argentine shipments. $4,000
bushels were half those OF the week previous.
Liverpool was steady. Paris was up 10 to -
confines There was. however, a bearish cable
from London in regard to the India crop, the
surplus of 37.5oO,OOO bushels. The stocks at
Argentine ports were reported 3,6s0.O00 bushels,
against 10000 bushels last year Nothing en-
couraged the selling here so much as the rapid
addition to the contract stock largely the work
OF the mixing houses.
There were 100000 bushels from all sources
to-day. and in four days there have been added
100000 bushels to local contract stocks. North
western receipts were 430 cars. against 112
last year; Chicago 81 cars, against 10 cars The
local estimate for TO morrow was ZIG cars. Sea
board clearances were 3S5,0O0 bushels. \ de-
crease in the visible Monday Is expected Of
1. 600 600 bushels Letter increased his May line
to-day probably 100000 bushels. Liverpool
receipts were largor-16S 900 bushels in six days
just about the requirements. Clearances for the
week. both coasts. were 4,4Si.0OO bushels.
Considering the break in wheat corn was
steady losing only X cent. May sold at 30ia9
SOS cents and at 3Omd30li cents and closed at
500 cents. Cables were steady. Receipts were
1924 cars. with $50 cars estimated for Saturday
Seaboard clearances were so 600 bushels Elk
port engagements at the seaboard were pu, Mt
81 loads The Government farm reserve. TS3.-
000O00 bushels was considered about stand
off. neither particularly bush nor beorish
The pi; is influenced somewhat by the Spanish
situation. Clearances for the week were 3 2SJ-
OCO bushels.
oats followed the example OF corn holding
fairly we'll The close was X cent under Thurs
day. May sold at 21ls and at 26}, cents, and
closed at 26a. cents. Receipts were 900 cars
with 235 cars estimated for Saturday. Clear
ances 161 900 bushels. The Government
farm reserve. 2T2.OOO. OCO bushels was about as
expected.
Provisions did not quite maintain themselves
although there were very small receipts OF hogs
10000. with 1900 estimated for SATURDAY
TIE packers. who have been the principal bulls
arc anxious over the Cuban question and are
inclined to sell. Pork closed ~ cents under
Thursday; lard and ribs. 2l2 cents under.
On the curb puts on May wheat closed at
81 02h: calls" 81 05A: puts" on July wheat
we're SIls cents: calls" S0A cents. Puts" on
May we're 30A cents: calls" 3Oil centA