New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-03-17
CLEAN UP MILLIONS.
1rmours Close Their Great Wheat
Deal zrifh Big Profit.
10y Tr1rGRArH 10 THE TEIBUsE.l

chicago March l6.-The Armour people
eyereI up the last Of their May line yesterday
and are now counting their money" They
are completely out Of the market. so far as the
speculative interest is concerned They have
closed "a deal which has lasted four months.
and which carried the price from 16c for May
20 81 o. L is probably the largest operation
the Armour people have ever had and it must
have been the most profitable. II probably IN
,-oIved 2eggeO10 bushels OF wheat. and their
profits must have run into the millions
There WIS a weak wheat market to-day. with
the close here sc 20 2lsc lower The south
western markets made more Of a break than this
The Northwestern were of about as much as
Chicago Gables were weak. in spite OF the
advance here yesterday. The flour news was
bearish There was a prediction Of general
rains or snow through the Southwest. includ-
ing Kansas March closed at $3.50; May sold
al 9Tl.c and Soc and closed at SG2sc: old July
closed IT 92l.. sellers: new July. 907sc; old Sep
TENDER SIC: new September. S412 bid The big
Minneapolis millers wired that the flour situa-
ton had become dull TO export business ana
very little domestic. There was good zeal OF
wheat from Cudahy. and selling Of July 10y Ar
rYour. The. Northwest receipts were larger than
last year: so were the primary Consols were
higher. There was much contract wheat out o.
r,-iva+e olevators-thirty-four cars. There was
ern, and sales 70 nilers here ana elsewhere
exceeded 100000 bushels. The No / Northern
TONIGHT IS only nc under May, compared with
Sc under q week ago. The break Is reaction
from, the advance which has carried wheat UP
over Sc within a week. The Seaboard reported
twenty-five loads.
Corn shows a decline Of 11so 20 lilc. Ihere
were seventy-fve cars. and 1900 bushels No.
. corn out OF private elevators. The market
would have broken worse but for buying OF May
by ISchetern. which is supposed 10 be Armour
J2ecefpfs were small. only 100 cars; the esu-
mate FOR tomorrow was 100 cars The cash
market because Of the small supply, was i1c
higher. Liverpool was isc 10 &c up Clearahces
were 263.00O bushels, shipping sales 'ovoo LlsII-
els The Seaboard reported twelve loads mere
was selling by Patteu houses and by local pear
isp professionals. May sold at 54isc and h"5se'
and closed 53lsc; July. 5eHsc.
oats closed sc 10 sc lower There was selllhg
by Patten houses, but the selling which COST
me market the most was by Pringle, F1tch ana
Ranl,ln = bout 100000 bushels May March
closed al $40: May sold at Ale and at 4oc' ana
closed n 4Olsc: July S5sC sellers Receipts were
sr7au 7O5 cars with rs estimated for to-mor-
row Samples were steady shipping safes
we're $4,000 bushels. Private elevators turned
ont EIGHT cars and II O0o bushels standard.
Pork closed GOr lower. lard. Joe 70 J. &c lower,
-5rs 1o1a- lower There was not much OUTSIDE
helm and the packers and professionals We're sell
e~s' rho selling which attracted attention Was
1,-- Si-l-ar Roberts and Webbcr. ribs larEell.
HOGS were &C lower. West there were 't'''
bors compared with $1,000 last year.