New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-11
LETTER WHEAT MOVING OUT.
OVER FOUR MILLION BUSHELS SOLD TO
GO ABROAD
IMPORTANT MOVEMENT IN THE GREAT GRAIN
POPULATION NOW GOING ON FOR NINE
MoNTHs-ALL THE MARKETS Ac-

MoNTHs-ALL THE MARKETS Ac-
TIVE AND ADVANCING.
Chicago Feb 10 (speciaD.-Leter has closed CON
tracts for moving out his cash wheat here. The
loading OF 5oOo o0 bushels at the Armour houses
begins tomorrow. More than half OF II, or 4e"""
bushels will ultimately go out by rail- and go dl-
rectly abroad most OF It 10 the Continent LonrKe
the New-York freight specialist, Is credI'eu
with making the contracts for him. The secret
lea ked out to-day when the Lehigh Valley agent
here admitted he had received orders for the move
ment OF 500 go bushels OF the Letter wheat TO the
seaboard This is only the beginning. the con-
tracts were all made at NewYork. II ~ on
through rate. however. from Chicago to LONDON
325 centsso there will be no telling what snare the
railroad gets.
The market here was incredulous Of the news
until long toward the close Even after proof was
furnished that the contracts had been made the
crowd was enough affected by bearish considera-
tions from the West to fght the advance. Wheat
gained only one cent. although the signing or the
contracts for the movement out or the Letter
wheat IS the most important move In the great
wheat speculation. which has been under way
FOR almost nine months May opened at s6l4. sold
between ssi. and 97k and closed at s67s cents
The curb was o. cents The seaboard ana Foreign
Influences were strong. Acceptances were claimed
from the Continent. New-York put the export
business for the day as high twenty-five loads
erpool opened at a little decline. but kept gaming
strenrth closing valid higher than Wednesday.
Paris was indifferent
Beerbohm reported Russian port stocks larse-
1s 10 600 bushels. THE Corn Trade News sad
its Argentine correspondent estimated the export
able surplus at 100000 bushels.
Everything was bearish from tn" West The sec
retarv of the Kansas Agricultural Board said the
prospect in his State the best ever known al
this season of the year. Michigan FEBRUARY
report said very few correspondents reported any
damage TO winter wheat. Primary receipts were
almost double last year's-42I0o bushels as'hs'
975 Ooo. at the Northwestern points there were ilo
cars against 25s Outside markets Jagged, one OIL
the bear considerations early. Cash wheat al 81
ou,s Duluth and Toledo all discount under
Nav There was big cash trade here with
lot OF pront-ta but with also some ltnPo 'd"'
new buying The local professional taie"t ""'
rather bearish -
Corn was strong. with an Increased trade MAY
cold from 2ess to 29Ssq29s and closed at 2s1eg2s9s
-. r-h. ally vvas the result OF the growing bull
continent something that has been IN eViuence
In all the hull markets for week. LlVerpooi was
I'D Ild3sd Clearances were soi"o oushe's,
CENTS were $40 cars with 5o5 estimated TOT riu"'.
Oats got TO the best price on the crop anu 49,
there-25l. cents for May. II was the eApei'e"0 ~
corn over again-an outside puyIl'e iuio' -,
much larger speculative trade. Receipts We're 20
.ars With 2so estimated for Friday Clearahces
ore o.. eoo bushels There were very large export
a,os-over 100 900 bushels in two days
provisions got to the best prices so far on lnls
inward movement. The close. however sho"eu
tho carly advance lost. and last prices aoou' inc
sare as Wednesday, There was again to-day, rs
there has been all the week lot OF prom a
III. oro,,d Thought the Cudahys led in 1t. Ihere
1nr. q ooo hogs with 5000 estimated for FRIDAY
On tho curb puts" on May wheat closed al so5'
cost cents: calls" ss cents; puts on july "@
cents. calls" ssss cents. Puts on NidS oo'"
1.oro 9es. cents. calls" 2ess cents.