New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-04
TILE Trade " CHICAGO.

Chicago. Nay 3 (SpeciaD Sellers had the
wheat market up 70 noon; T. was a bull affair
In the last hour There a wide range-2t2
cents-and a good-size trade The English
markets cam. weak, Liverpool of 2ia to 3,s
pence The whole prospect was changed sud
denly about noon by cables from Paris
nourcing that the French duty. 36.S cents per
bushel. had been completely removed through
May and June. That this radical step was en-
t!rely unexpected was shown by ;he conduct
Of Liverpool The English market evidently
closed in ignorance OF the French action be-
cause naturally Liverpool should be the most
affected 10y tho step. The rade expected tina.
some action would be taken in the matter to-
morrow. but anticipated that there would he
merely a temporary reduction OF the tariff Its
complete abr)Ga;ion for sixty days was much
more radical than expected. II was evidently
we'll kept secret The talent here started bear
ish. There decline OF 2i2 cents early on
the July. 1t was more than recovered July
opened from 02A, to 02i2 cents. sold between
92A and 94ai cents. and closed at 94as cents.
The whole market suddenly enlivened.
May sold from 81 Il 10 81 2lla. and closed at
81 81 The deferred futures were not so much
affected. september selling at SOS and at Sli.
cents and closing at Sl"s cents Western re-
ceipts were large. the primary receipts three
times last years or 1921 400 bushels. against
100000 bushels The Northwest had "A cars
against 800 here there were 211 cars with
1S' contract and with 265 estimated for
Wednesday. Clearances were $4,000 bushels
Bradstreet reported a decrease in the worlds
visible for the week Of 5000 600 bushels. The
talent here started the selling. Cudahy prom-
nent In IT, 1t changed suddenly the French
news Cudahy becoming the largest buyer.
af his Iniv ;rta it
said will leave II alone hereafter
Influential selling OF corn opened the prices
" cent lower. II recovered entirely when wheat
turned so strong. July sold at 33 cents and at
1874 cents, and closed at 33as cents. The home
situation was rather bearish. Western offerings
were more liberal; the Eastern demand not so
sharp. Local receipts were Lose cars. with 6lO
estimated for Wednesday, Samples were u to
cent lower. Clearances were CO., 600 bushels
Liverpool cables were demoralzed 1lad to 3Ssd.
lower Continental advices were weak
Bradstreets reported a decrease in the avail
able of 6.3SlOOO bushels. Patten was the best
seller OF corn. The talent here is bearish but
not radically
May oats longs liquidating and buying
July. May sold from 30i, 10 Dol. cents and
closed at 2934 cents or cent under last night
July closed just at last nights prices Receipts
were Goa cars. with 345 estimated for Wednes
day. Samples were II to Id lower Clearances
were 100000 bushels. The cash demand WAS
slow Patten and Frazier were the sellers OF
May They were buying some July. Weather
keeps favorable for the crop
Provisions were strong. 1t looks as II the
Cudahys were running bull campaign In lard.
1t closed 10 to 121. cents over last night; other
product was up slightly in sympathy. ribs I'D
cents: pork up 217 to 3 cents. The Cudahys
bought about 10000 tierces Of July and septem
Der lard. Armour was . buyer. Thu worid'a