New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-26
THE TRADE IN CHICAGO.

Chicago Feb % (SpeciaD-The Cuban situa-
ton continues to be the important tac'or IN INC
wheat market. There was rally early ana
good deal Of covering because there seemed 10 ne
Iess war nrospect Just at the close however.
there were messages here from New-York ad-
v,s,ng against purchases Of stocks on the score
that CONFIDENTIAL news from Washington was
looking bad again. There was a severe break In
spot California wheat at Liverpool-2isd, equal
20 about 8 cents q busheL 1t was said to be
due TO the arrivals Of cargoes unsod This news
was on hand early. but II did not attract much
attention until noon. Up to that hour the trade
had It's eye on the better prices In Wall Street
Nav opened at 81 O8n sold 10 81 O2ts and at
81 O4%. and closed at 81 03A. The Interest CEN
tired in the July. 1t opened at S87s. sold between
9O% and 89k and closed at S9l. cents Be
fore the crowd was out Of the pit 1t was offered
at S91s cents The trade was not large; the pit
was never full Except for the advance in Wall
Street and the partial disappearance over night
OF the war scare. the news was bearish Ar
gentina shipments were large-1. 40S, 900 bushels.
Liverpool was off y to Nd on futures. The spot
was u TO 211d lower. Argentina warehouse
stocks were reported at $4,000 bushels.
against 10000 bushels last year California had
more rains. It was figured that the visible sup
ply Monday would decrease about half as much
as last year somewhere around 100000 bushels.
Liverpool receipts for three days were 2o4UU
bushels. The Letter party gave some support 10
the July. but not very vigorous. The selling OK
the day was by Barrett-Farnum. There are
those here who believe that Letter within the
last two weeks has sold a good deal OF May
wheat, helping to keep prices steady by buying
July. The weeks clearances. both coasts, are
1922 900 Local receipts keep liberal. 10 cars,
with 100 estimated for tomorrow. Minneapolis
and Duluth to-day had 267 cars. against 100
last year. The talent is exceedingly bearsh on
July.
Corn a good deal Influenced by wheat
strong with It early and weak with IL later. 1t
is true, OF course that the Cuban news affects
all the markets in the way. There was
liberal covering early by Thursdays sellers. The
close showed all the early advance lost May
opened at 297, cents. sold between 30h and
29a. cents. and closed at 29a. cents There were
good-szed receipts 632 cars. with 625 estimated
for Saturday seaboard clearances were $4,000
bushels. Argentine shipments were $4,000 BUSH
els Liverpool prices were steady. There was
a large cash business done from the river. about
100000 bushels being sold. largely to Philadel-
phia. The selling of futures by Barrett
Farnum, Baldwin Quincy and Brosseau. The
buying was by Champlin. Paten. and Bartlett
Frazier. Temper here less bush; weeks clear
ances. 1920
oats closed exactly where they did on Thurs
day night. May 26M. Early they were steady
with the wheat and corn. Receipts were 367
cars. with 320 estimated for Saturday Samples
easier. Clearances were 10000 bushels
The pit trade not important. Cash bids are
out OF line.
Provisions were firm early. with Cudahy the
best buyer. They closed weak. with outsiders
sending stop-loss orders. Sympathy with the
grain markets was the principal influence. Ar
mour was the seller OF pork at the last. Pork
closed IL cents under Thursday: lard and ribs
pa cents under.
On the curb puts" on May wheat closed at
81: calls" 81 05: puts" on July wheat. S1%
cents; calls" 90ls cents. Puts" on May corn
were 29A cents calls" 297s cents