New-York tribune., 1883-11-03
FIXTURES OF TIE CHICAGO MARKETS.
LARGE SALES OF WHEAT AND SLIGHT DECLINE
THE STOCK OF PROVISIONS.
[BY TELEGRAPH TO THE TRIBUNE

lBY TELEGRAPH TO TIE TRIBUNE
CHICAGO, Nov. 2.-The brokers who have
been doing Kents business late, aud
the floor his traders were great sellers to-day McCor
mick Adams Co., IL Is said, sold In the neighbOrlOOd
of2,OO0O00 bushels. Poole, Kent & Co. were sellers
too The conclusion was at ieaped at that Kent
seller Nine OF every the circulars sent
out OF here begin after this fashion, great lot Of
long wheat was sold here to-day" II Is little re-
markable II millions of long wheat sold with
the situation virtually not whit improved that
tonight the the market should be very strong
indeed and the "bears" very greatly frightened.
It IS more than likely that to-days big sales
were not of "loug" but OF "shOrt" wheat
good authority says tonight that "MOse" Fraley
played one of his trumps to-day. The wheat sold this
authority says put ont bya bearishly inclined
st. Louis crowd to affect the market The orders 20 sell
were given 10 the brokers who dubbed
"KenL" and the largest order Of all WIS
put in the hands Of Mccormick Adams Il Co.
With the rich nianipulat0rs' brokers selling, with
but scalpers apparently buying and with indefinite
ahoat OF great mercantile failure IN This city, 1t
was not remarkable that wheat began to Before
the manGuycring began looked strong and acted
November TO 037s, December TO 05i2 January to
9Ga. From this figure there n decline OF g cents,
the bottom being touched the call; but there
followed a rally. The closing prices on the call
were lea y tn yesterday The closing prices
OH the curb were nearly December 3d. January
Gia.
The general feeling last night was bearisll.' The
crowd believed that the nipulItors had all sold out,
that untrnstwOrtly people loaded up and that
drop rather to bo expected than an advance. To
inS Is very different. The bulls" feel
aged the bears docidedly fearful. Tie only ex-
were M work 70 depress prices The fact that h-
lnences did not accomplish decline pretty nearly con
stanchcT than believed. Just IA the eau wds In
session. the news got abroad that the Rock River
- al failed BtsfUTp the call entirely
over the news cOrrobOraed and everybody Knew
mar sheriff was In possession and that probably
Tnhnities TonId be several hundred thonsiilds There
hid been failure too, II was said down III Chcnhtl
% aI s %s amazed eyerybody IL convcrted some doubt
ing Thomases Leopold Bloom bought 1t Is SAID, SVOOoO
ON ainost every night this wheat the close
locked a little weak but has turned OFT strong the next
dny system any good In betting money lEut
be made by gambling Oh decline TOMORROW but every
body knows systems are ruinous Not since thls upIth
began has the crowd been 80 unanimously OF rue Ooh
that the market is being slfully manipulated Oy some
strong and fine hand -. ~,
during the month has been reduced 10000 barrels so
that there are here only $1,000 barrels Tue stock
lard has increased aud there are now 3JVV uerGes
against pa 700 There only three and bali million
pounds Of short ribs, agdust nine aud a hah
million the first OF the month Ihe st9teuent ls tOu
sdered fayorpble and prices moved up IN tho morn
ing by the local operators Pork was advanced 10 cents
lard and ribs 567l9. The advance was lost az hlSht
Nben the same crowd which had bought sold Pork
closed about II did last night lard at ;ery lns uS
cline November ribs closed Tonight at 20 -,
said gentleman with better facilities Tor stuhylhg te
situation than any others: There Is no oulde speCu
lion I'm hog products. Prices 70 up In the morhls anu
down at night or down iu the morning aud ny at night
lust A. the local scapes happen TO operate dn ooA
Tor any outside speculation unth the hog prolen Is
solved The packers are, nom Interested nOlES ,.uAs
.bearish' but acting very cautiously. Ihcy are
h0urng on 4Ceut hogs. Hogs arc now AZ
Ii cents IL IA possible that they may 20 higher or
NAV 90 lower II might be more dsas ou' TO te ng
for them to 20 3cents Chg cents than 10 keep
I'M an H ccuts for finally the low prices reached,
Iben there would be enormous loss on the nilhous o.
worth of product made early in the season OUT OF
hi priced hogs believe in worry cheap hogs Out nave
not the courage of my convictions. am AFRAID To Dear
Then there IA this gossip the other side. IL s SAID
that Arrnour's private messages predict thst January
noIk will 20 To Sl3 Cudahy Stevens and oulti
bouses with the best OF knowing u Nat thc pE
packer thinks are known tobe "lons PORK tor Noyer
Ter closed NJ SO 30 for December F1O 40 for JAM ~
SII 10 November and December lard closed ~ ~ 10
January ut ST 80; November ribs nj %,
Corn closed strong; 3 cents higher tGan yesteruay'