New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-01
THE TRADE IN CHICAGO.

chicago, Feb. % (SpeciaD-Leter put his
wheat shorts TO flight to-day. and did not have
10 make much effort either He gave the May
ana FEBRUARY little help. The July shorts, a
large contingent needed no urging. To-day'l
ADVANCE was the natural result Of the bearish
oNerconndence OF ast week. The February and
May. which closed Saturday AZ 81 O2is. touched
81 oois to-day. and closed at 81 O4%. The July
whicn closed Saturday at $50 cents. opened al
S9's cents. sold between 50 and 9OE cents. and
closed at S9s4 QS97s cents. Shorts were startled
at the opening by All advance at Liverpool of y
4Ad. 1t was remarkable. because the tone here
Saturday had been very weak. Paris was I'D 15d
10 centimes. There were large seaboard clear
ances. $4,000 bushels The visible supply de-
crease. 10000 bushels. larger than ex-
pected. The Western news was bearish. Receipts
everywhere were large. $4,000 bushels at prin-
cpa points, against 331 600 bushels last year
Kansas City had 324 cars CT wheat; Chicago 1874
cars. Minneapolis and Duluth had So cars.
against $50 cars last year. The worlds ship
ments were 100000 bushels. There was a
small increase on passage 10000 bushels; the
English visible decreased $4,000 bushels. There
decrease for the week in Liverpool Of
10000 bushels. leaving only $4,000 bushels
over there In all the warehouses. The English
bushels. There was no demand here at the
market. The low grades astonishing
discounts. NewYork reported five loads for
EXPORT The Letter party did very little in the
market. buying some February and May
through brokers: il left July alone. Shorts did
the buying OF that month. Barrett Farnum more
than anybody else. The Orange Judd Farmer
estimated the farm reserve. March I. at 1871
100000 bushels, against 124 100000 bushels last
year. according to the authority. The
Government farm reserve last year was $780,
900 bushels. The Nebraska crop report for
March made the winter wheat condition 96.
on the curb July wheat was 90 cents.
Corn was strong helped most by The Orange
Judd Farmer on farm reserve. 743,o0000 bush
els against over 1,OO0.O00OO0 last year. Corn
clearances were enormous. $4,000 bushels.
Corn receipts, the other hand. were very
large indeed. Oh cars to-day and 1,o54 cars
estimated for tomorrow. The buying was led
by the Trego-S Smith party. an interest supposed
to be largely long. May opened az 297s cents.
sold between 297s and 30as cents and closed at
80 cents The visible increased $4,000 bushels.
The local stock increased $4,000 bushels.
Oats were helped by the corn strength. May
selling from 2Gis to 26la cents and closed at
26A cents. The pit trade was unimportant.
There were large clearances. $4,000 bushels;
on the other hand local receipts were large oo3
cars. with 400 estimated for Tuesday The visi-
bic increased $4,000 bushels the local stock In
creased 1000 bushels. The shipping demand
from here slow.
There was very heavy selling Of lard. over
20 600 tierces by two or three commission peo-
PIE Baldwin Quincy led IN 1t. 1t was the
LIQUIDATION o. long lines. Provisions IN view OF
this heavy selling held remarkably well. PORK
and ribs closed cents over Saturday iaro
closed 90 cents under. There were ooV" hogs'
with $1,000 estimated for tomorrow Prices
were : cents lower. Local shipments We're large
/ 400 ono mounds meats and 1,159oOO pounds
lard
On the curb puts on May wheat closed at
81 or. Ycalls" at 81 O6z. Puts" on July wheat
closed ct 50 cents: "calls'' at 91% cents puts
on Nav corn closed at 2975 cents; calls ooA
cents.