New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-14
HIGHER PRICES IN CHICAGO.
TIE CHICAGO PACKING COMPASY's scHEME-AMER-
IcAN LARD AND GERMANY.
tpvrrtys.R APH a THE


IcAN LARD AND GERMANY.
IBrrxLyGRAPH To THE TRIBUNE.
CHICAGO, July 13.-The Chicago Packing
Compauy which made a descent upon the provision
market so vicozsly yesterday aud called margins 80
reckessly the whole street against ITSELF was
as vigorously buying back to-day II was selling yes
terday It bought through its employees and through
brokers It's purchases large that pork advanced
Soa5O cents per barrel. lard 10sl5 cents and short
ribs 25a30 cents per hundred pounds great deal Of
feeling has been aroused because rich an
establishment as this packing company Is should
condescend to play, as 1t did yesterday,
the role Of wrecker. The calls which the concern made
yesterday without doubt made for the purpose OF
Iightenng the money market of reducing the available
money IN the bank vault aud, II possible OF bringing
abou. failure and panic. No discrimination was
shown The full 10 per cent was called" all around,
Fairbanks, David BOWS Co. and George c. Walker d
CO. among others being called for large sums The pack
Ing company "scalpIng" the market, aud IN
order TO turn into its Golfers few thousands
aid all that ~ could TO wreck the street.
"old Hutch" president OF the Corn Exchange Bank,
appealed to by dsnerestcd persons put stop
these tactics. He simply said: 1.-The boys are running
tho buness, and don't want to Interfere and refused
The cable dispatches which predicted the inter-
d,eton Of America srs IN Germany do not create any
say that Germany can Of course shut out the American
product 4 she wishes TO- There you'd no. be however
shere WAS REGARDING pork for lard IL cooked The
Ssscis.iou OF the matter which the recent quota
from me North German Gazette provoked, has In
nence the market Quantities OF lard being shipped
frn here now and zocalod consignment etner,
"A has been claimed Tie Fowlers and Armour the two
prcpaI shippers. both that their renneres are two
weeks behind orders and that the demand from tue
slera 10 send lari 10 their own agents. TINS
lard goes TO the EnElshmen ana frsncn.
men who were great "bears' ana SOLO AZ
much hlgner figures, and who are now buying 70 denver
Tie wheat and corn crowds. which were frightened
yesterday BY TIE descent OF the Chicago Packng COIN
pany and by the persistent ruinors OF failures were
comparatively buoyant today There were no descenis
and best 0: ALL there neither failures nor rumors
e sem were scores Of patches from southern
u:poIs telling OF poor yields 10 tine winter wheat neas
1bcy were yari0lisly regarded Tue bears pro-
nnced them tue regular lying bulletins OK the alneis
wno have. 10 claimed, become wonderIuy ~ VI lato
years in the matter OF sending out dole crop rcpors
I've bulls" rejoiced in them, however. and bought
vheat upon their lah Ia them The reports sent from
GsvYofk that $1,000 bushels OF wheat mad been ex-
ported, tended little TO strengthen prices and another
snaonhcement tast cargo OF NO. CDicage splins
xhes< bad also bees cold ror expor. al sew. ~
" W. tended effect the same result Inc news tese
kyuyssins on tie is CLOSED higher tonight than y
1<st h9nrs Of the DAY. wheat the close vss cent
u 2uths higher than last night stopping 81 ~ ccns
my " olt fer August and 81 % for september.
~ 1Hncph bus1nsss u " during the day Wee Ok
kaZln{ nssare, j. =. Letter 90. ana swertz OnPee
y " the forenoon and selling out y the TOP Cofn
guy sisssd u On ssntss Tor Aaxuss -