New-York tribune., 1900-01-10
THE TRADE IN CHICAGO.

Chicago, Jan. 9 CspeciaD.-Wheat started to-day
with downhiIl tendency If 1t would be repe-
titton of recent days, with further profits for the
short seller. About noon, however, there was
turn. 1t suddenly developed there was an oversoId
condition. The rally from the bottom was almost
cent, and to-night's prices sc to sc Mon
day, with January making the best gains. May
sold at 67s9671kc and at 6S1L66Sssc and closed al
6s1LQ6S7sc January closed at 65c; July 6Sssd6Sszc
The early bear influences were lower prices at
Liverpool and an unexpected Increase in the
worlds visible Increase Of 12S7.OO0 bushels IN
stead Of the decrease expected. Early in the day
the market got under puts. The rally carried 1t
over calls. Shorts were started by rumor BY
way Of Amsterdam that British gunboat had fred
Dutch cruiser, a discredited and re-
futed with apology by the Press Association
but IT sufficient to start the shorts and to de-
velop the oversold condition OF the market. Sea-
board clearances were only $4,000 bushels The
Northwest had 500 cars compared with 40 the
week previous and 490 last year: here there were
50 cars. compared with s. the week previous and
al last year There 453 coo bushels at primary
points compared with $1,000 bushels last wear
The contract stock 1854 600 bushels showed an IN
crease for the week OF T,OOO bushels No cash
business reported but II was said 10000 bush
els were taken for January with the expectation OF
shipment. United States seaboard reported Is loads
Corn sympathized in a small way with wheat
on little early. and finally closing &c to &c over
Monday The range was narrow. about &c; last
prices were the top ones SOsc for January sc FOR
May and SS9sGSSssc for July. There was said 70 be
a somewhat better demand. although the business
accomplished did not exceed 100000 bushels West
ern offerings were no larger There were rains
over the whole Of the belt, not favorable IN
movement Local receipts were 80 cars with SIS
for tomorrow. Liverpool was I'D to I'd lower.
seaboard clearanees were $4,000 bushels The con-
tract stock, 1.4S1OOO bushels. showed an Increase
for the week Of $500 bushels There was an tssa
the Cudahys. bullish for a long time. were doing
some buying.
oats followed corn. of a shade early and m "a
shade later The entire range was within q.
May closing at 2SSG24c January 2sHc Recsfnt.
were So5 cars. with 14o for Wednesday The con-
tract stock, $4,000 bushels decreased 81 900 busbel.
Clearances were 1900 bushels
Flaxseed, in spite Of small receipts was s,s,.-
to-nights prices barely good as last night. Nrsv
81 4S bid; cash, 81 81 bid Duluth was lower "a
eeipts at the three points only IT cars com
pared with 56 cars last year
Provisions were easier. and the crowd thouvht
there was considerable Cudahy selling II Wa.
through commission people however and n Va.
consequently a mere matter OF theory Pork 1o.t
15c. May closing at $40 ~ lard lost 1Oc Nav os1
at s. 90 ribs lost nc. May closing at SO
There was buying Of ribs by Armour: there war.
$1,000 hogs, with 5000 estimated for to-morrovv
and $4,000 hogs West. against 5000 last year
On the curb puts on May wheat closed az s7s,ns
calls. 6S1aG6SSsc puts on May corn. SSc: calls sc