New-York tribune., 1883-06-16
DECLINE IN The CHICAGO MARKETS.
LARD DROPS 12la AND 20 CENTS A HUNDRED.
PORK 12lo AND 20 CENTS A BARREL AND WHEAT
cRNT 4 BIJsHEI-IITAyY TRANSACTIONS.

LARD DROPS 12l2 AND 20 CENTS HUNDRED.
PORK I2l2 AND 20 CEsTs A BARREL AND WHEAT
/ CENT A BUsHEL--HEAvY TRANSACTIONS.
iBY TELEGRAPH TO THE TRIBUsE.l
CHICAGO, June 15.-July lard to-day dropped
57Ia cents per hundred pounds nearly$2 tierce The
I'm IL were enormous and the figures kept
dropping lower and lower the suspicion that McGeoch
was selling out, which was entertainei Dy only rev
early IN the morning. became pretty generally DeheVed
onig the opinion almost universal that the Scotch
man has despaircd OF success with his July "ccrper
and has thrown his enormous holding
The question upperm0st now ~ not p" VIII ne make the
deal success - but how much has be iostT
or .wi he come out all rightF. Tho
specuators who have been selling millions OF dollars
worth OF lard to-day may OF course DO wrong In fner
reasoning but II thoy they will soon be In des-
perate plight W. L. McHenry and Messrs Dwight q
Gillette sold quantities OF lard ON the regular boAfa
during the forenoon tho "cal" These sales con-
timed and Kirkwood, Fowler Brothers and the other
English firms witch have been fighting the scotchmaa
from the beginning Of the deal became sellers 100 Tue
offerings were made in 10O0ierce lots and the English
men uuderbd each other and the other brokers IN the
desperate efforts make saies July lard, which ap-
peared 20 be the principal poipt OF attack,
closed last night at S1l 47i2, dropped on
the regular Board TO S11 80, then on the
call 20 $11 l7Ia and tonight on the "curo'
brokers are making desperate efforts to sell al $40 ~
"I don't believe said a commission maa. that there
Is any doubt about McGeoca throwing up nis corner
The brokers who were selling thousands OF terces to-day
-MoHeury aud Dwght& GIlletteare recognized oroksis
of Armour. and McGeoch Just now. &c is believed. Is
taking the advice OF Armour don't believe the brokers
would sell 20 nercey as they did unless was for BIC.
ther great patron Armour don't believe eiteer
that any operator would sell such vast quantity o.
lard unless he had II to sell. On the cali alone
81 500 fiercss chsnged hands Tue hogs are arriving ia
mnch larger numbers than the provision bulls
and
that hey make lots of lard The packer, are erogdlns
s pas5 to ass sSsis sss az ssss 20 H. "a sos @ % he
wsos log ia dumped i'm the tank. haf
milli|5a | F5aas . b is''I are mads each cay ot %
wor Of properly Asothor half milton pcaaa- arrive
each day rom the eesatrr IKE wesl.h % saadsrbit
T'if "The psckers the country over have oeop
crowding tsine3 to tse nln,oa hsSa hsen JS'' mSS.
ing lard day and night, and have Desn shlpPiDs
II hee and selling II 10 deeoch Iae sass OF .s & vs..
ksrs Who are credited With aching for McGeocn nave
been chiefly for AugGst aud eeptenDer dehYery ~ -
possible that the Scotcapan intends 10 eSiT tArOoSa
property and tne stun that w Do delycfea 70 I'm ~
tween now and July 81 Tor AaTu't ana & !" &
selves be any indication OF an 9ean ieneni oi ,b G
manufacture of lard too heIyy hec and o. otler
poats to admit Of profitable sqleeze neaFiysxy
days hence the packsrs promise doyer the scoci-
ma,, II he porsls.s, between now &al August 10000
teisas. Tn,s WOud compel hn 10 dispose OF hsUy
800 900 tiorees Of cash !ari a trene ldOns loss"
Th feeling TO night is taat McGeocA abandoned his
&" corner" There ls ON other thins wIion Is diS'
is Sbat ftae McOcoch-Fowler lard scandal has
been settled II has always Desa , nndersSooa e.
here that when Fowler TWO years az' ltde iie vu
AGAINST ArouI although they were 2ot sustained, 70
avoid scandal sort of compromise was Ielcaea
and that part this aIrangeIenI was an assumption
by Armour OF interest IN fowiers lard " corner
I1en being engineered. All sorts OF ,ot- RfS,
visions followed tae drop III lard; S6. olt,S rS,S
declined 45065 cents barfel ana saorS Ill n's 1ylsy
35 cents hundred pSgnis sIsy aLsy werg yrsce for
provisions ou tie eau E,eIS- rs ca epfaoSe;
SI7 97L, Jane lard sII 10. Jay Sli l7s septeia05r
$40 10; Jane rb. - % July - 01i3 se2eHD, &
50 IL. These closing figures wese very liiersat Itg,
tnose nj which these products wsro sold Oh ts c9to
ler LIrd declined zoo @oc aGi rlbs hli as I, mI,I
JAW lard was be hai az msst Ia a.u0st any q''u"S
~, ercnne In provisions 50 seasaaon1l mat
drop OF 2a2L2c. wheat created seaFceS
day about the wiea-pl The trouble was preciplla 90
by certain at the habitue' Of the prcvsloh ~ Sons
and selling ia the wneat piI- B9 is y
1t. There has been vast quantity oi iohs W.. ~ iv
on tniu margins Tor long W1lse. IL ~ 'ss,nc V-'
The Deirs successful about tle Pfo1lsCn p
that the " 0uls 10 grain became pahcsII ue "
then IL bscau,e "A great =" bear" victory tvetyWl"ie'
The weather was lne, bui II had notAiag 10 Go "4 10
T1e receipts were fair but E0sody eafel 10 lOoA ~ ~
C,Cses were lower but they attracted no notice.
pauie started drst in nrA Tnen IL became geN15 ~
hundred pork 12a 920c. barrel AID wheat o;Ss @
u bushe. rhe "eal" lasted Lite eoo owe. o,,c', ia
af short RIB 81 500 terces of ard. 27,50O bar
pes p SHOSi Of PSI. $4,000 bushels OF, Sasss:
aud lo35,dOO bushels OF corn changed bSdE, ns1ss
Nearly "a much more undoubtedly eAanSsS
hands by private sale daring ..asu .ae c1aIi
rot be proceeded with No faaros were reportei u,
the effect of today's great deeine WIZ noS ~, y,
tho the Sca" at 81 osas July al 81 osa and ana
September mt 81 12ia Cora was little cnsnsJu a ne
the day Tie testimony IN Tue iaru '''D'