New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-04
THE TRADE N CHICAGO.
ceposlW

Chicago Jan 2 (specaD-The grain markets
which have been going in one direction for three
weeks had reaction to-day. Wheat from The
top sold off at most = cents. II about cent
under Saturday AZ the close. May opened AT I'M
re sold between 72l,a7oa.. and closed at 7o'SS
7os.c July closed Gss.. Wheat started down hill
in sympathy with corn. As soon as The signs ~
weakness appeared there n great deal ~
liquidation by longs Shorts Joined in tho selling.
Naturally there some stop loss order selling
for pyramders The decline was in direct conflict
with the news which was bush. The decrease IN
the visible supply OF $1,000 bushels. compared
with an Increase last year OF 100000 bushels.
Clearances for two days were 1jio.eo bushels,
Gables reported rains renewed I'm Argentina. The
orange Judd Farmer pointed out that winter
wheat was going through the same perils II di
in ls9G-97. when. after perfect condition In De-
cember there was "A tremendous fall IN the con-
ditlon in April. II also said winter wheat fields
were bare of snow. and that zero temperature had
extended as far south Texas. Liverpool was
I'D higher Russian shipments were only $4,000
bushels. or tho worlds shipments $4,000 BUSH
els almost 90 per cent. were from America. Cali
fornia had good rains Liverpool wheat showed an
increase for December Of 100000 bushels The rail-
road people talking their advanced tariff
sifiy. Local stock increased 5000 bushels. Ths
big selling Of wheat by Cudahy. Brosseau,
Barrett Farnum. Baldwin Quincy and Candy. while
Schwartz-Dupee. Counselman Day and Harris were
the conspicuous buyers. The talent considers tho
break a natural reaction. on the curb May sold TO
7Oi5c.
The incident in was the selling out OF a long
line OF about 1000 on bushels by Patten Prices
lost about a cent. May opened at 3sl. d3si+c. sold
between 3si.d37c. and closed AT 3IIsd37l+c. Coun-
try offerings showed increase The rail
tariffs have temporarily made shipping impossible.
Receipts were o55 cars with O15 cars for Wednes-
day Liverpool l,dl2d lower. Clearances for
two days were l .O6s 900 bushels The visible IN
creased 10000 bushels. The local stock increased
$50 600 bushels The Patten selling overshadowed
everything else.
Patten who has been the leading bull. sold out
Adopt 100000 bushels. Prices lost cent. but
recovered a little OF f. May opened at 2sl.c sold
between 2si.G27kG274c and closed AT 2Ii7c. Re-
celpts were 4l6 cars. with 3I5 for Wednesday.
Samples lsc lower. The visible decreased
10000 bushels The local stock decreased $4,000
bushels.
Provisions strong until the grain markets
became so weak They finally closed little under
Saturday all around. May pork off l2i2c; lard on
SC: ribs of 2i9dlOc. There a lot OF profit
taking on the first sign OF weakness. Schwartz
Dupee Bartlett-Frazie Milmine Bodman. Robson
and certain of the packers and local professionals
were sellers. There 80 600 hogs with 5000
for Wednesday. This is the first reaction pro-
visions have had In a fortnight. Provision stocks
show i3.3os barrels new pork an Increase or $500
barrels for the month 1900 tierces new ana od
lard. increase Of 1900 terces. and 4o"'.WJ
pounds ribs an increase OF 21.oD0 600 pounds.
on the curb puts May wheat closed AT Sa.c:
calls. 7li.c. Puts MAY corn. 367sc calls 37isc.