New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-05-12
FEATURES Of 1HE CHICAGO MIRKETS.
10y TELEGRAPH TO THE TRIBUNE.I

Chicago. MAY 1.-The great Washington
secret the crop report Of the Agricultural Bureau was
safely kept until tie hour at which 1t was promised
When the big and little operators came together to-day
audawaed the stroke ~ the bell TO begin their buying
or selling o, wheat all in possession Of the same
facts and had about length Of time TO think Of
them The shout with which the business opened
as no reoter and no more excited than the shout OF
beginning any ordinary days business. The crowd was
10 greater upon the floor. The galleries were little
foil Wheat opened y OF cent lower than II closed on
Thursday night when every one was ignorant or what
the Bureaus report would predict 1t soon advanced
until it stood exactly at Thursday nights figure, and
then moved around with narrow limit The closing
figures were within l. Of cent OF those or Thursday.
Speculative extremists, whether bulls or " bears,
we're disappointed by the report The persons who have
been predicting shortage of l5OO0OOOO bushels were
cast down They have been talking 81 80 wheat aud
were chagrined Tho persons who have been predicting
an average crop and promising in sixty days 10 sell at
~ cents more wheat than anybody would want TO take
,zcre NOT TO b., cOmforted The high-church and the
low.church grain gamblers the only sorry looking
men ON the Board The moderate men were gratited
that the highest statistical authority IN the country
he'd just about the conclusion concerning the wheat
prospects that moderate people the world over antlcl
paed The Governments figures provoked all sorts OF
comments. " \ vast deal or land SAID IhAlp
Armour, has been pouShed up since ne Government
estimates were compiled Think tAe June report VIII
admit u shortage OF over lOO,OOOOOO bushels " There
has BEEN" said John 1. Lester great improvement
| in the prospects," SAID Mt. LindOlOn: III
admits greater shortage than anticipated IL would.
he juno report Will estimate the crop. think at under
400 900 900 bushels" IL was," said Henry IOwner OF
Runscy Brothers, lust abOut what 1 expected
. nIn a Dul wheat" SAID Francis j. Ken
nett think that the report viii have the effect to
deprcss prices "A little
some inquiry being made, 1t ia said, for spring
wheat for e. port Thursday. An offer of Sl 20
IN New York The owner wanted 81 u. This differ
euce Is pretty compared TO that which has K
stcl for long while by foreign buyers ana domestic
uoders good authorities that there - great
disparity all things considered between prices here and
abroad In other words, Il asserted tnat the people
VINO talk about Chicago wheat being way above ship
ping basis, ignorant on the subject George smith,
Who In charge of the shipping department OF Messrs
Field Andley K Co., say that there Is little American
sprug wheat England that there Is really market
tonight pretty strong at 81 IL Tor May
81 1874 for June and 81 I0 for July. aud the curb
the hgurcs were ls3 OF cent higher. IL Is DelleN Oh
hat some the big pulls" have sold part OF their
holdings and are anxious for "A break 10 get Ia
again with good part OF the "bul party willing that
there should be break and all the "bear party anxious
for IT, there ID some likelihood that IL VIII come. corn
continues strong closing tonight at 65 cents Tor Jane
and 574 cents tor July Provisions were lower, pork
closing 20 cents and lard 229lO cents under last
nights figures July pork stopped At $40 20 and July
lard al 9l2.