The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-03-12
CHICAGO MARKETS.


CHICAGO. March 1.-THE start in
wheat was quite firm. July opening &c
higher at 9Di.a9oSsc and May hc higher at
N.0iis. There was considerable falling of
in the volume OF Argentine shipments, and
the s slight a adSanee NJ e s q smount Of
wheat was Offering and very little demand
existed for the first few minutes and the
market remained about at a standstill for
that time. Then 1t commenced to drop
slowly at first under statistical news. Liv
erpool receipts for the last three days
were slightly In excess OF normal require
meats. The most disturbing element was
the big addition TO the stock OF contract
wheat here. Chicago receipts were % cars
today, II o. which were of contract quail
ity. Besdes this, 81 cars and 1900 bushels
OF Northern were transferred from I'M
licensed houses. The continuance Of the
heavy contract receipts from Irregular
sources began 10 have effect on traders
and the usual heayiuess or todays re-
ceipts resulted in an almost withdrawal
OF support shortly after the opening. Prices
in consequence began gradually 10 decline.
No very great selling pressure was pu.
on the market. however. until the price
had got To about S.c. Letter hroker1
were, usual giving support 10 May,
bidding sI.ot. Then apparently an organ
lied raid was made on May. Influential
houses came into the market with heavy
Sizes. and az even sl.05is. but barred
Letters brokers from purchasing al those
figures. This created a great deal OF eN-
element among traders, as Il was be-
the market beyond the control OF bull
leaders and smaii-s.zed panic IN July
ensGed almost immediately. oHerlngs fair-
~ poured into the market, and inside OF
ten minutes another cent had been Topped
off the price. In the meantime. Letter
brokers wsre , liking eyer, es.sryt ms offered
81 "a for II. IL was also known that Letter
had promptly met calls for heavy margins
which bad been made on him by the bear
contingent and had re'ahated In Kind.
Not until his representatives had absorb
ed something like a million bushels OF
May did the market quiet down. Then
price ralying from sslsc. 10 which point IL
had slumped to 9siSc. There was quite a
heavy covering by professional shorts in
this decline. About noon Letter apparent
ly changed his brokers and succeeded in
getting a good deal ~ wheat at below 81 "a.
The readiness with which everything was
taken also resulted in a marked falling of
IN the offerings ard the price was steadily
held al ST. where it closed. July showed
"A great deal OF nervousness for the rest
OF the session. but I'D not move very far
either way from $50 until near the close
when renewed selling was started BY
''tatlers" who were afraid Of margin calls.
and the price declined rapidly again. Al
the close 81. 0SSa~c was being bid for IL.
There was rather light trade in corn.
hut it was comparatively steady. May
The market for cats Was very dull May
closed &c lower
Provisions were easy, rejecting the
break In wheat Ine close WAS easy at
about bottom figures. May pork was -i@c
lower and May lard and ribs @isc lower.
Wheat. No. =.
Opening. Highest. Lowest. CLOSING.
Nav s. eax 81 as. aasS. iG
july .soa. S7s0ss soisaaoS Ssia SS'4QSss
Corn. No. =.
May .aa'4gsass satsas9as so,sg2g+ 81.
s s@pt ."" a.. 20 s.ss@ss. Ssss.s.s.
Oats. No. z.
Ny Ny :iS e. ss =. 81 -
Meas Pork. per barrel.
MAY SO - sle 81 SO l7is 50 p
Iu.y . 70 S.'s 10 sg's l9@ 70 .
Lard. per 100 Pounds.
9 hfy :. .. So. Is !; s. 90 81. SS8
short Ribs. per 100 Pounds
5 Niy :: =. ~ 81 81 SIS sis $ 5i F.
Cash Quotations.
w6sa,-No. +. sprtux sas7ssc. No. ; spring
etE>-c. n. rec = e-s.t-e--2
o S,e-Hs. 1: 81 * white Z o B.
setSlc Ne, g Waite. I q, b.. S'2g-s'ae.
Bsrley~NS : .. D.. $685..
T3motav Seed Prime. g So
PORK Mess. per barrel. ka.tfli3 -
T-ari-Fer feo pounds 8 lSlt Ia.
Shor; Rlhs-Ssdes u0osaI Asf5-S.
shoulAsrS-Dry saitad N.soxsdN. a. CSC
Short Rihs-s'ses< eeoNsaA. s.. Ssqss Is.
wntssy pistiileTs' finished goods. per
gaiicn. s1-isia