New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-11

Chicago March 10 (Spec!aD.-There was
veok tore 70 whcat to-day. with the Letter poo
ple COMPELLED 10 give some support and with the
prices Of all the futures closing under Wednes-
dav. Notwithstanding the bull help. The decline
was from * 10 ., cent. May sold at 81 oi@i
and N 81 Oi. and closed az 81 o.. Letter had a
peg in at the close at that price. July sold at
9O9, cents and at 90K, and closed ~ MhNH"oH
cents The September and December lost about
as the other futures did, y cent each. Septem-
Der closed nj sos, cents. December at SO3s cents.
The speculative trade was exceedingly narrow
contributing 10 the weakness The wheat pit
now IS not nearly as large as the corn. The
temper Of the crowd is affected by the aggres-
sivercss Of Armour. The latter is bringing
wheat to this market from every direction. The
daily addition to the contrac, stock is about one
hundred thousand bushels II was 5000 bushels
to-day. but the addition of the last three days
has been a llttlc over 100000 bushels. That is
at the rate OF 3O0OO00 bushels a month. with
two and half months left 10 the end Of May.
Armour and Letter have begun a marGin-
calling contest. Armour started it yesterday by
calling everybody 10 whom he had wheat sold
at 10 per cent margin. Letter reciprocatod by
calling 10 per cent back. Gables to-day showed
no strength. not rejecting the Chicago rally Of
Wednesday. Missouri. Kansas and Illinois had
rains to-day. putting an end to drouth talk,
but washington predicts cold weather. predic.
tons which have missed Of late. The Northwest
had POI cars. against 32S Chicago. ~ cars,
against II last year. Seaboard cearances we're
AL 600 bush. Primary receipts were 4:oWD
bush, against $4,000 bush year ago The
crowd bears in mind that tho Maine Investigat-
ing Board is likely to report soon; it fea.s II
may present a new crisis. The line is very
lie cit
against Armour. with the professional elements
inclined to follow the big packer. In the last
few minutes Of the session Baltimore reported
thirty loads of wheat for export to France. Nth
other bids in hand.
The Government report issued in the after
noon made the farm reserve Of wheat 21,0O0,00O
bushels compared with SSOO0OOO bushels last
year.
The corn crowd went upon the theory that
the Government report to- night would make the
farm reserve very much less than last years
II kept the market steady May opened at
30lt cents sold between 30A and }o'2 cents,
and closed at 3O7s cents. Receipts were 36l
cars. with 400 estimated FOR Friday Cables
were isdId. lower. Seaboard clearances were
4j3 900 bushels. The shorts did some covering.
The trade was not large although II was quite
general. In the afternoon the Government re-
port made tho farm reserve iN3WDVp) push
els. against 1.l6i 100000 bushels last year. 1t
made the merchandise corn S6.S per cent.
against 81 per cent last year
oats were stca ~ within /, cent range. May
selling at 267s cents AMI 2Ils cents and closing
at 2G7. cents Receipts were OBS cars. with go
estimated for Friday Seaboard clearances were
800 OOO bushels Nothing was done from here
for shipment in round lots. Western advices are
that farmers are disposed to sell, but that roads
are bad The farm reserve Of oats is 2I2,OVo.6O
bushels against 3l3O0o0No last year.
Provisions were firm early on light hog re-
ccipts They eased of a little at the close on
selling by packers. The latter are supposed TO
no bullish but do not To risk a war scare.
Pork and ribs closed AT Dig cents under last
night. lard at lest nights prices. Packers we're
the sellers to-day. There were 1000 hogs. with
% 600 estimated fer tomorrow. The shipping
demand keeps good.
on the curb puts on May wheat closed at
81 O3: calls at 81 OJl4 Puts on July wheat.
Sp7s0S9Is cents: calls" 9024 d907s cents. Puts
on May corn were $685. cents; calls" 30'2