New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-09
TIE CHICAGO MARKETS.
FEAR THAT FROST WILL DAMAGE COaS-ADyANcE
IN THE PRICE WHEAT.

FEAR THAT FROST WILL DAMAGE COaS-ADYANcE
IN THE PRICE WHEAT.
IBY TELEGRAPH TRIBUNE.i
CHICAGO, Sept. S.--As was predicted last night
there was tins morning great excitement around the
corn pit Although It generally believed Change
that the frost which was greatly dreaded last
night did not MP corn In any OF the great corn
states Prices not advanced because the DAMAGE
which was greatly feared actually inflicted but
because the widespread claim nude II apparent to all
now precarious the situation OF H. The
shorts frightened out OF their wits, the corn
longs were greatly emboldeucd Tie which
had been received when trading began today that
while there might have been hgnt frost In Minnesota
aud Wisconsin, Iowa and Illinois have altogether
esca ped and in place had the damage been serious.
But even with this news the "shorts" who
had all night been drca ming Of billiards ald Manitoba
waves black frosts made great rush to get their
property The September and October options advanced
per bushcl tue former selling up TO Ola and tho
latter up TO 5OA cents. The temperature the day
advanced became milder and the alarm good deal de-
creased At o'clock when the reg liar board closed u
Of "A Of tue advance had been lost September corn
closed at sole and October at 80 cents The prices on
the curb " were the
large number OF dispatches which were received
here late In the afternoon did give favorable
account of the condition OF corn as the kilograms which
were received early. number OF private dispatches
and ne spaper dispatches different parts OF iowa
night and that the damage mad been
siderable. Besides the local signal service Office
predicted rlsi barometer clear weather and north
ery and cold winds. In the afternoon the feeling was
that greater danger Of frost tonight than
there was last night, with ts high winds and cloudy
sky II there Is frost, today's will
he repeated Monday II tho temperature
should rise and tomorrow be warm. the
"bears" likely to resume the Offensive again.
The situation continues critical. SO great would be
the calamity OF hard frost that everybody Is exer
cised and nervous The newspapers sent to hun
dreds OF points the belt for specials and advising
correspondents telegraph whether not there ia
damage. All the other markets were Influenced by the
action Of corn wheat proyisions barley and rye simply
tuae widely bus advanced one cent October
selling at 1908 and september at 9Si2 when corn was
Declined de- al and wheat closed Just exactly as it
did last night Provisions acted just as wheat
aid they opened at an advance lost IT, and closed
last nights figures. There would perhaps, have been
more buying OF provisions II II were not the genera
Increase Ia the price sell millions of dollars worth OF
provisions Tie receipts Of hogs were light Today
pork closed at Sll 25 October a. 81 80 september
lard at " 15 October at 50 TO- September and oct9'
Der rios at 10 80. September oats showed aIie ad-
vance. -,
has been millionaire and has run his pork corners and
his wheat corners, and has tanght even the packers
s mI Hsa asaia there la, been great revolution
IN the methods OF produce speculation TINS year Inc
public Tor the nfBJ time hlncc nhs
beaten the packers their game OF speculation The
result will he that the packers from this on VIII do their
busness'iD style entirely different from the old one
II has the practice for the packers at chicago 70
sell the millions OF dollars worth OF produce theL have
made annually before they have begun To manufacture
IT, The public has dropped on this game The pack
ers WILL prophecy after this be compelled to manuIac,
ture their product fret and sell II aerward Just as all
other manufacturers do"
How It been possible to sell the stun before 1t
was made ~ -,
IN this way: Last year the packers led on on q
coprsa marked out by Armour. They have decided
along in August how many hogs thAra were IN the