New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-15
THE TRADE ~ CHICAGO.

Chicago, March IA (SpeciaD-There was a
firm start to wheat: but that was al the prog.
rcss the bulls made. After a half-hours
steadiness due TO the strength on the curb
Saturday and growing out Of Letters applica.
ton for a marginal price Saturday and Of his
transfer Of 100000 bushels Of May wheat ia
very strong commission people. the arrnnes,
disappeared. It was a bear market from that
until the close. The May price was pegged BY
Letter. His brokers took all the May Offering
ut 81 o., about 10000 bushels. and prevented
any decline under that point The crowd lef,
the May contest 10 the elevators hand
md to Letter on the other. The general trader
was bearis on the July ST. Louis led in the
early selling In the last half hour there was
some covering and partial rally. July sold
from SIS to SEA cents, and closed at s6}. cents.
September closed at 1875 cents There was
perfect spring weather. as potent In exertng
bearish influence anything. Nebraska re-
ported seeding under woy generally with tho
promise Of 20 per cent Increase In area The
statistics were bearsh. The worlds shipments.
10000 bushels. were double last year. The
LIVERPOOL stock, 037 900 bushels. increased FOR
the week 10000 bushels the first increase in
months Nothing was more depressing than
the large contribution OF contract wheat by
the mixing houses. over 2OO0o bushels con-
tract grade from different sources for Letter
to take and pay for. Clearances were only
232 COO bushels. The visible supply decreasea
JQ- 900 bushels, about half as much az was ex'
pected, and less than half the decrease last
wear Although Letter must have shipped from
here last week nearly 100000 bushels the de-
crease in the Chicago stock was only 25I"V
bushels The Northwest had 4i4 cars, against
"
Liverpool was steady. II TO u pence higher.
That was one OF the early helps. Tnere was
small, decrease on passage 100000 bushels; the
English visible increased 23000O bushels ~
looks a. II the worlds visible tomorrow would
show q small decrease. possibly l5oSW"
bushels. Last year tine worlds visible de-
creased over 100000 bushels. Wheat profes-
SIGNALS are very bearish. Armour Is contes'ihs
for supremacy with Letter In the May.
Corn I'D 10 noon was easy losing /. cent. II
-, oo,.sred that IN the last hour. May touched 81
and closed a, 30A The fine weather was
h.,r motive. The statistics were against the
hu,Is: but th,re was some export demand ana
,S ,rods WAS small II was easy to bring the
o,oc,ro rally about The inspection was 2oi
.,-s NTH 400 estimated COR Tuesday. The vsi-
h,a ,ncroased l.173,0O0 bushels; the local stock
,..oo.ed 615 600 bushels. Cables were Is cent
,,ober There was decrease on passage OF
7oO oOO bushels Trade was unltnportsnt Ihere
wos some buying by the Trego-smith-Champhh
no-,v y prominent bull interest. New-fork re-
norted ~ loads for export.
Oats were uneventtul, easy early Win wheat
,rd corn. nut ralying at the close. May opened
a, 26,A cent. sold at 2Gla and 2Gba26's cents
and closed at 2Gas@2Gia cents EXPORT sa'e'
were made from here OF 100000 pushe'S nv
r,sre rod-e.zed receipts. $50 cars win -'' 10
r,.odav The visible decreased 3U3"o pus"e'''
,ha Iocs, stock decreased 1900 bushels GEAR
$3.50. were g. 900 bushels. Clearances TOT 'n'
,,,o.,, were LII 900 bushels.
outsiders continue their liquidation OF 'O"s
nrov,sions. Packers are not giving any suppuiS
porl, los, 1914 cents; lard and ribs D cents W"
,a.rs or, the factor. Hog receipts were ihou'..
90 % ooo with $4,000 Tor Tuesday; the paohe.
O.. ,,r,,d buvers. and prices at the yards 'o''
i, cont, The selling was by commission h0u's'
for outside long account. IA q,
On the curb puts" on May "hea' 'o1
g, 10 calls" 81 O5. Puts on July whea' We.
s5zx "ca,ls." SIX. Puts on May GU"
ao,Smao,.: calls" 30isG30A.