New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-10
THE TRADE IN CHICAGO.

Chicago March 9 (SpecaD.-The wheat mar
ket Is dividing itself into two divisions, me
nearby futures-March and May and July-and
the distant or new crop futures-Septemoer ana
December. Up 20 May prices depend on the
Letter manipulation Chicago is now out OK
line on May and would sell off but for shorts and
for Letter support. The September and December
are beginning to attract attention from outsld-
ers. They are at an extraordinary discount under
July Crop reports on the growing wheat are nor
very favorable. September and December have
been gaining for several days At onetime to-day
they showed an advance OF almost cents
They held about half Of that. The July Is really
between the old and the new crop futures. Its
fate depends largely upon the Letter manipuia-
tion but also largely upon the crop position
The May to-day closed where It did Tuesday
selling at 81 O5% and at 81 04i4. and closing at
81 O4A The July closed at a little decline HS
u cent 1t sold at 91ia cents and at 9o1s cents,
and closed at 9094 Q907s cents. September closed
at S1A, 3. cent over Tuesday; December at MS
a. cent over Tuesday. The activity was largely
In the deferred futures May was little traded
In. most OF the operations being for Letter The
active futures were the September and December
The bulk OF the buying was for outside &C
count The low prices were early Michigan
estimated over 81 per cent Of the crop. 3.loooo
bushels still in farmers hands. The Missouri
crop report issued about noon made the winter
wheat condition 20 and the area "A per cent less
than last year Private advices from missouri
had also a good deal 70 say Of drouth. Tnere
was another cold wave prediction from the
Weather Bureau New-York reported better
cargo demand with 10000 bushels red winter
wheat sold to France. Seaboard clearances were
II 600 bushels. Western receipts were large oo1
cars at Minneapolis and Duluth, against so la''
year; 81 cars here against l6. About 5Uo pusn-
els contract wheat Were added 70 the contrao.
stocks here to-day more than half OF II OUT u
the mixing houses II part or the so'''I
that Armour called people who had WHO'S
bought of. him on 10 per cent margins
day. Barrett Farnum were the best sele'' y.
July Logan Counselman & Day ana he''
were the best buyers OF September ana De00'
Der Up to noon the trade was narrow i''
that until the close there a good-sizea ouS-
ness.
The corn crowd assumed to-day that To-
morrow's Government report giving larnn ~
serves, would be bullish on corn Iha' Nep'
offerings small and inclined shorts 10 00'e'
Receipts were not as large as they nave pee
31S cars with $50 estimated for THURSDAY
Liverpool was \ to y pence higher. Clearah'es
were 2OS.OOO bushels. NewYork reported d"
loads for export. Pit trade was not large Coun.
trv offerings were small. May sold at sos anu
at 3Oss cents and closed at 30la cents.
oats were firm. NTH u cent range May ser
ing at 267s and 21k cents. and closing al -
cents There was fair export business VII"
100 900 bushels sold from here. Receipts "ei'
$50 cars. with 225 estimated for ThursdAs'
Clearances were 100000 bushels. The Govern
ment figures on farm reserves VIII prooao''
show less than 3O0O0O,0O0 bushels in farmers
hands.
The severe break In hog prices resulted III
small receipts to-day-2T.00o. with 2S.Wo es''-
mated for tomorrow. Prices at the yards wefs
: cents higher There were good shipments
about 100000 pounds cured meats and LII
600 pounds lard II was an Indifferent market
at a little higher range. In the last hour prices
were bulled by purchases Of ribs by the Chicago
Packing Company. Pork closed l212 cents over
Tuesday: lard and ribs. 3 to ~ cents over
on the curb puts on May wheat closed ~
81 O3Ia: calls" 81 0614; puts" on July whea'
closed ut 90lsQ9OA cents; calls" 9lasg9l's
cents Puts" May corn were 3O1s csn's'
calls" 3OA cents