New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-05-18
CHICAGO GRAIN AND PRODUCE MARKET
[BY TELEGRAPH TO THE rRBUSE.l

B1 IELtOhhh ~ bhIbbNi'!
Chicago, May 17.-Wheat to-day was at
one time u cent under the closing 1gures Of last night
1t dropped there because publication in New York Of
the visible supply pretended show that within the
week II had Increased 100000 bushels. The pub
caion however showed that hin the time the
amount OF wheat a1Oa bad decreased 100000 bushels
and when this fac discovered the suddenl con-
yertcd "bears" became just suddenly reconvertcd
and prices went up again. The whole business OF tgur
ing tnc visible supply gram fraud. All ever
incurred into t. methods or the individual vino at
New-YOrk goes through the motions TINS
point At time like the present, vast amount OF grain
ia on the move by lake. rail- canal and
The New. York compiler pretends TO include this
by allowing certain number Of days for the movement
of spmcat. The work, however, IA clearly guesswOrk
The compilat Of visible supply II such thing were
feasible ought really TO he done r. Chicago.
Secretary Randolph said: 81 proposed at one
time 10 MAKE ption. but the looked into
te methods Of the NewY orer VINO published IL the more
r,d,culous his pretcnso became. Ii is the
sheerest guesswOrk. II figured visible
suppy here it might dder by not less than 1000 600
hushels from the figured III New-YOrk. The ncures
although entirely untrrstworthy are watched Tor and
do influence operators. / mad. up my mind that
while could guess wei as the New
York man, two guesscs which could he
wide a;ar wOnld only confuse and not guide anybody
That IL why compute visible supply"
The Wheat market continues very nervous, but ia
bccomins more active Kcrshaw is buying and frcm
selling 'sd" Kent has also turned about aud become
hu,er week ago large a share OF the traders were
on the "buli eide That II Impossible transact
much business. Now orinions are 80 diversified that
Que cnn either sell buy mis- hearts Wheat
within ys has declined cents bushe and the
siiusiin ion Is uncertain "a sharp rally or a
SHARP break would not greatly surprise any body Il is
reuers ~ conceded thai just the wi.cat PIT H. an
rxffa hazardous piece for man little money;
INN MARGINS viii leave either buyer a seller very
little chance 10 win. The grea! bus " are bulls y
eu but they Tree to cogccde tDst the advance at
this OF the year purely speculative, diScOuntng
Influence that have not yet begun 10 be felt. but
which, nevertheless, they very Will In q month
or more, he felt, and VIII advance prices.
MAY wheat might closed at 81 lO7s, June at 81 ~,
aud Jdy a. III IA Corn Ia advancing now, entirely
influence of wheat for 1t would he going down.
The shipments are very heayysix tines large to-day
the receipts The TACT, too, that extern
siye dealers David BOWS 4 Co
are pronounced bulls encourages buying Then the
reports from the planted elds which are received here
by letter and which published by papers tell
rOticd seed and poor prospects,
There again to-day action enough In pork to throw
the fellow With Unprotected hands into a panic. II
made matter either upon which side OF the market
the weak people stood tbey we're ali In the
board. First cane drop Of 80 a barrel, then q
rally OF 20 cent? The man VINO bought and the
who sold ut the wrong moments both lost deal OF
money There were 1880 hogs at the stock ana
thls began the agitation about The provision pit.
IN three days the hog receipts have been
on the increase until today's figures,
der all The circumstances, were big enough create
some alarm. They arc likely 10 fall of AGAIN until
ntxt eeE The farmers ngre 10 tier arrivals
rsry In the and aim especially TO get tncm here
before saturday. Most people are In the utmost bewild
erueut concerning the future movement OF hog pro
dues and OF thom too frankly admit H. Pork tor
May and June stopped at sl9 42i2 for July Mt $40 60
June lard closed at I'll ~ anu jury Ut gil No. IL was
firmly held all day