New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-25
THE TRADE ~ CHICAGO.

Chicago Feb "a (SpeciaD.-The war news was
tho thing here to-day. Wheat bulls. the lesser
ones at any rate were more or less disturbed
and the wheat bears more encouraged ana de-
,ernined Letter bought good deal Of July on
The break but that did not hold prices May az
the close showed a loss OF 2i5c.: July nc May
sold from 81 O5A TO 81 OLE and closed at the
bottom; July sold from 91i4c. to S9'sc., ana
closed at S97sc. Even the routine news was
not bullish. Liverpool was I'D. to I'D lower
Seahoard clearances were only 26ioo" nushes'
Tho Weather in Argentine was reported mprov-
ing Australia II was predicted, would have an
exportable surplus Of Il2OOO bushels. me
Corn Trade News predicted that early lndia
shipments would be larger than counted upon
Rut these rather bearish considerations were
entirely outweighed by the war fears created by
tho sensational stories from Washington and
New-York Northwestern receipts have not peen
very large OF late. although over last year--of
cars to-day against 19S last year; but receipts
Mt this point clearly increasing-iZo cars
to-day with 80 contract and with 100 cars esu-
mated FOR tomorrow. Furthermore the mixers"
are turning out a lot Of contract wheat for
Letters benefit: 80 cars OF No 1 Northern to-
day and 20 yesterday. Just as soon as TINS il
inspected into regular houses it is sold TO Letter
Auences are apparently getting more aggressive
against the Letter every day. The commission
house selling to-day was led by Baldwin-Gur-
ney Barrett Farnum. Counselman and Day.
The buying was scattered much of 1t against
puts" In the last hour good deal OF July
buying was by Lester, presumably for Letter.
The latter takes the war scare philosophically.
admitting that possibly the first influences might
be bearsh resulting from money scares. but that
the secondary effect would be very bush.
The war scare was as potent in corn as In
wheat. possibly more influential because there
was no great bull To lend any support.
Holders big and little. wanted 10 realize.
Prices lost sc. Nav sold for 30as TO
o9a.c and closed at 297sc. The decline was In
spite OF enormous clearances-1 0l30D bush
els-and Notwithstanding a good export business
at the seaboard-55 loads Receipts were
800 cars with $50 estimated for Friday. Sam
pies were n to NC lower. Liverpool was "A u
asc lower Cash bids here were a little out OF
line The important selling was by holders
Bartlett Frazier. Champlin. Counselman. Trego-
Smith and others. The buying was by shorts
and against puts
There was no different story to tell OF oats the
war scare starting liquidation among even the
longs Prices lost NC. and closed almost at the
bottom. May sofa from JOS 10 -o's ana closed
NJ 26isc The selling was by Patten, Bartlett
Frazier Raymond. Counselman and others The
receipts were 345 cars. with 800 estimated for
Friday Samples were !. to nc. lower Clear
ances were 10000 bushels.
There good buying OF provisions early a
good deal Of 1t by Cudahy 1t did not prevent n
decline pork losing l7isc: lard and ribs 3 TO
lOc There $4,000 hogs. with 10000 esti-
mated for tomorrow Prices at the yards were
easy Selling general on the
The buying was led by Harris who bought a
line OF pork and lard and by Baldwin Quincy
who took several million pounds OF ribs
on the curb puts" on May wheat closed at
81 O0ls: calls" 81 06a.. Puts" on July wheat
were sSssc: calls" 9lho. Puts on May corn
were 29nc.: calls" Boa