New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-20
THE STRIKE AND THE CHICAGO MARKETS.
TRADING PRACTICALLY sToPPED-A DECLINE IN
PRICES FOLLOWED BY RALLY.
lBY TELEGRAP TO THE TRIBUSE.l

TRADING PRACTICALLY sToPPED-A DECLINE IN
PRICES FOLLOWED BY A RALLY.
lBY TELEGRAPH TO THE TRIBUNE.l
CHICAGO July 19.-Trading OIL Change was
going on this morning at slow rate when at 1850 a. NJ
there was a shout raised the The or
more OF telegraph instruments in the corner OF the hall
STONED The Board Of Trade operators put on their
coats while the brokers and commission men rushed to
the windows to see the Western Union operators file
out from the building opposite the Exchange Hail
When the operators marched out the brokers cheered
1t took ten minutes perhaps for the procession OF strk
ers TO out of sight.
Meanwhile the operators the floor Joined the
line while the brokers kept up their cheering.
When the end of the procession had disappeared
round the commission men rushed DacK 20 ther
pits But, 10 and behold, there followed no trading.
There clicking accompaniment by the teie'
graph Instruments in tue corner OF the room.
and without this it found all at once that
business could not proceed In ten minutes more the
few stragring messages that had beeu received before
the crisis fed and then trading practically ceased
Three operators who stayed at their posts In the West
ern Union ecred by the clerks and boys on
the floor and finally left the room.
For an hour after the strike 5000 bushe lots of grain
changed hands with difficulty. Then there was little
revival of business but the hour of the strike until
long after the closing time. o'clock, no messages
were received by the Western Union Company or Bat-
more or Ohio lines The few private wires between the
brokers' Offices here and in New-1OrK were Durueheu
with the messages of spectators who had not counted
upon so sudden a cutting OF of communication
The realization of the strike caused prices to decline
Wheat was at one time cents a bushel under last
nights prices and pork was 40 and 40 cents Darre''
and lard and short ribs 20 and 30 cents hundred
| pounds lower tlan tYenty-four hours ago. But the
strike had bee largely anticipated that shortly after
il occurred little property offered for sale and this
alarmed little the people who had sold to scalp the
market upon the anticipated break Buying then began
and a reaction occurred. Wheat advanced
cent a bushel and corn nearly as much.
The prices Of pork lard and short ribs advanced 10
cents The closing prices Of the day were about the
highest OF the day. aud alley night the feeling
WAS pretty firm one. The Postal Telegraph Company
announced on Change that woli do free of charge
all the commercial business that was offered 1t, and
toward tho close OF the day did considerable to raise the
telegraph blockade. The Western Union also delivered
large number of messages late III the aisrnOO out re-
| ceved no business except condluonaily SUBJECT 10
| delay. .,oo ooo
Shipments heavy o-dsy There went out 136, 0OO
bushels OF wheat. 100000 bushels OF corn, 3oOo'OOo
pounds lard and 100000 pounds OF meals Inc
pments OF oats however, were rlle less thah INC
reports August PORK stopped al ia o. september ~
So 81 August ribs at 81 32l2 August wheat closed ~
I'll 02l2 aud september at q Oa2 August corn at 'i
| Mc(ieOch's lawyer arrived In the city today with
100000 the S45o00o necessary to make payment OF
here tomorrow. The receiver has had his receipts
printed aud will begin payments Saturday ~.
careful inquiry among the best grain receivers, snip
perp and specuatOrs the future movement OF
the price wheat, shows that the weight OF opinion Is
tnat here will be no decisive elmer one way Vi
the other for perhaps thirty days but that then unless
there untoward circumstances there VIII Degn q
strong advance. Armour Is an OH spoken "bril on all
kinds OF hog product Fowler Brothers are "buils Oh
lard. "Old Hutch" that there lie 10 cents III sell
ing wheat, not selling II himself Ii Is pretty
certain that there will yet be furry in July oats before
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