New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-27
THE TRADE ~ CHICAGO.

Chicago, March &c SpecisD.-Without any
support from Letter. wheat showed frmness to-
DAY The deferred futures up a cent. the
May steady. The Letters sold at 81 03is and 81 o.
and closed at 81 -. Apparently the May took
care ~ itself although Letter keeps brokers in
the pit TO provide against any raldIng tendency.
Inc July closed a cent Friday. It opened
at S2a cents, sold between s2i. cents and
o"ssMS3i2 cents and closed at S31s cents The
reaction was a natural one. inevitable after a
break from a4i4 cents to Slt cents. The rally
started Friday. with shorts the best buyers.
Snorts were still the propellng power to-day.
The market had some outside help Liverpool
was surprisingly hrm-up 1sT5sd There were
signs Of a cold wave temperatures in the ok
trpme North being away under zero and condi-
tons were favorable FOR their moving south.
Exports for the week were large-3. $4,000
bushels: clearances to-day were $4,000. II was
estimated the visible supply would show de-
crease Of about 10000 bushels 1t was pre-
dicted there would he a small decrease in pas
sage Northwestern car lots were less than last
year-32o cars. agains; 4i6; but local receipts
were large-19j cars. against for the same day
last year. The Monday estimate Is lightcr-105
cars-and every authority SAYS FOR the next few
weeks the receipts will he exceedingly small
Armour has ceased to bring wheat here Rail
rates from the Northwest are higher. It ia ey-
pected navigation WIFI be opened next week. and
Letter promises 10 clean the wheat out Of here
In the next thirty days The large receipts to-
day and Yesterday are the tailings 81 the move
ment which Armour was engineering. and which
started before the Armour Letter compact
was made. The addition to tho contract stock
this week has been 10000 bushels. II will not
he nearly as large this I'm the immediate
future. St Louis led the buying to-day. cover
Ing shorts. The selling was by the interests
which did the buying yesterday. The temper
Is not bullish Professionals. however, expect
the rally 10 20 somewhat further. on the curb
In the afternoon wheat was easier on war talk
July S21a cents and puts lower.
Corn affected by those influences which
helped wheat. the better Wall Street temper and
the prospect of a cold wave There was also
a very large cash business c,osed-1Oo 900 bush
els sold FOR shipment ny one concern. making
The cash sales in two days about 2,pOOOO bush
els. May opened at 2Sia cents sold between
2Sas cents and 2Sai 12S7s cents and closed at
2StsG2S4 cents. Liverpool was I'D. higher 10
I'D. lower Seaboard clearancAs were jO1 900
bushels. Clearances far the week were 4.496oO
bushels. The stock here this week will proba-
bly, show ~ increase. Shorts Wer the buyers.
Ihcre was some country selling. Receipts were
small-SS cars with 40 estimated for Monday.
Bad roads account for these small figures. The
sen .iment Is not bulish. The May liquidation
is under way.
There was good deal Of MAY selling OF oats.
presumably for Letter. who is long. 1t
through Barrett. COunseman. Scckel and others.
Between them they sold 10000 bushels That
weakened the price for awhile. The close was
isQl4 cent over Friday. May sold at 81. d25s.
cents and a pa cents. and closed 81. cents.
Receipts were 100 cars. VIII" l15 estimated for
Monday. Clcarances We're only 300 bushels.
Provisions were very weak pork of at one
time - cents. and lard and ribs off ~ cents 10
l2ia cents. The close showed a partial re-
covery. The selling credited to Armour,
Cudahy and other packers. The South is be-
ginning 10 express some fears 81 yellow fever
on the advent OF warmer weather.
On the curb puts" on July wheat we're Slia
cents; calls" S'7s cents. Puts" May corn
were 2S3s cents; calls" 2Sa. cents.