New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-16
TRADE IN CHICAGO.
[Br TELEGRAPH TO THE TRIBUNE.

Chicago. March 15.-May wheat had the strong
support to-day that needed to prevent it's
coming under the domination Of local operators
who very bearish promising outlook for
the next crop. Jelly and September were both sold
largely and persistently. in the end the press
ure Of short wheat was too great for the bulls 10
Withstand. May after selling high 81 1875 and
down to 81 12a at time. closed at 81 l3 or only
1kc lower than il did the day before. while July
left off at I'sc decline, and September at loss
Of sc
May corn active and did not show weak
moss 20 material extent till the end. when
II dropped suddenly from around Sc to 4sl4c. and
ITS closing price was 1890 TO 1870. a decline
or sc for the day. AT the closing figures May
showed slight premium over the July the clos
ing price OF the latter being 4SAc TO 1880. Oats
were relatively hrmest Of the general markets
May closed at nc and July 1-l6c advance Nav re-
ceived enough support take care of the limited
offerings. but during the first hour the bearishly
inclined crowd sold July and September with great
freedom and an apparent conviction that in the
absence Of any great bull support in those months
they were able TO make the prices conform to
their own IDEAS of their value. Local receipts were
: cars. compared with Is last year. and shipments
henee were SS"D bushels. May closed 81 %. The
highest vas 81 1875, and the lowest 81 ~ July
sold from s3i4c down TO 9l7Sc closing at st7, IN
BIC There was at the opening OF the corn market
the usual disposition after rise when there is no
additional reason for it's continuance for the b,IIe
"i'h profits la their holdings to secure what thev
na n Qf
The forenoon exceeded the demand Local recetnts
were "a cars compared with estimates OF 227 Tie
number estimated for the day was 2O4 sh;1rnep,s
hence were $4,000 bushels. After selling as bipb
s ''e and as low as 4s4c, May closed at 4sslc 10
s.Ec me range Of July was from 4s7sc down 10
SIS closing 49lsc 10 sac
bearv INA ~ Osls Wa very moderate the market
MAO depressing effect The estimate of -, "a ~
caused ioca PIT traders to support the bear sid 80
me market causing an easy tone 10 exist Rs
celis were ~ ears, OF which Is cars We're contract
snd % the same grade 500 bushels were taken
from unlicensed elevators Shipments were "a ~
bushels. The appearance OF Patten In the III =,
midday put the price Of May up TO 32lc on a fra,ie
Of 5000 bushels May sagged back TO 32iLc cloe1To
that figure. The highest 32Ikc and The Icoel
5sc July closed 5lssc. after selling as nigh a.
$40 and ) low 3llz " -
Provisions ruled active ana firm. There was q
scramble by frightened shorts nj the outset r.
cover, and packers and commission men were buy.
ing freely. and this caused the opening advance
But higher prices there selling by houses
who wanted fheir profits, causing some reaction
and local scalpers, however picked up m.
offerings and frmer feeling followed about noon
pork sold from sl2 IS to sl2 So. eased on sf2
ana Feacfsd 10 S2 50. May lard Fold from s. 10 tC
s. 70. of s. May ribs sold from S. 92Z s. o.
of s. 80 and reacted s. s2Is Hog receipts
1900 head. and prices al the yards were &c higher