New-York tribune., 1883-06-07
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THE CHICAGO MARKETS.
GRAIN wEAK-A DROP IN PRovIsIoNs-DENYGSG
N'GEoCHs CHARGES.
lBr TELEGRAPH To THE TRrBUSE.l


lBY TELEGRAPH To THE IRfBUNEI
CHICAGO, June 6.-Fine weather and fair
receipts weakened the grain markets to-day. Big re
oepts OF hogs and revival OF the uncertainty as to
MeGeochs success with his lard speculation caused
drop in the price OF provisions Rich operators
nclning the "bear" side OF the lard pit just now, al
though the little fellows still too much In doubt
TO take side the other II is becoming the
general belief that the ScOchmau unless he is willing at
once 70 protect big loss and sell out will before long
be IN the same fix that Keene in some years ago,
loaded up with several hundred thousand erces of lard
and without market TO sell in
"I have little packing house" said Sam Allerton
to-day. at Is one OF the smallest houses the yards
and two three like 1t could easily be put inside
the Fowler Armour House. L am making
250 tleroes OF lard however, every day
in the month, Sundays included. We have 1000 erces
sold McGeoch for this market at I2c, We will not
need TO buy tierce OF IT, We Will make and deliver il
all. We deyong ourselves lard, OF course; but
So undoubtedly some OF the otherhouses. II we
make $50 terces OF lard day Fowler ought to
make over 500 a days. the Chicago Packing
and Provision Company and Armour much
Mr. McGeoch understands more about produce specula
ton than Mr. Keene aud has not to pay out so much for
commissions Still think that lard Will prove too much
for him. It took Kcene two years to sell the stock he
loaded up with, aud he ost very large of money.
Pork Ia very much neglected The country is said to be
was credited with running deal, would advance the
price Local operators awaiting the sale Of this long
product. and are predicting break when 1t Is offered
,acn RSich thev oecaped on monday une pork
closed at $1sS2la July at SlS05 June lard at 90,
pT pork and Of ioSi5c for lard Twentyone thousand
hogs were reported at the yard this forenoon,
wasn Dan on Monday hight Favorable crop
is coming in from the Northwest and the present fine
tradngis comparatively small most OF the prominent
houses, George G. walker & Co.. Nichols & Co, Lester &
nm and out OF the market sidney Kents brokers Dave
been busy, and Lindblom's customers seem buy on
market going At about 81 IL for the July option,
crowds Of buyers make their appearance at about n 10
for the same option the whole local crowd begins selling
No reputable commission man pretends to forete the
Immediate conduct of the price OF wheat II Is said that
the New York clique. which owns more now than any
other party is more bent Just at preeent upon shaking
out" the St. Louis holders than upon advancing the
price The representatives OF this New-York crowd are
still here.
and at 81 122 for July advanced i2c the curb and
was selling tonight at ~ - for July, and was strong
Prices is thought sn are Likely to open higher r IN tas
and 74l oars yesterday.despite all the expla,
to ana s sst sn hs sa1 s Is
The figures were ae tonight under last night July clos
in stcro and the shortage for June and July is de-
clared to reach tremendous figure. The advance OF
spite Of the splendid crop prospects then are recalled
now There doubt that SOME alarm is felt by the
figures; but' said veteran operator, "a squeeze is
very seldom advertised much and while oats corner
is good deal talked Of It likely not. for this very
reason will be avoided" The shortage" IL put ut
about 10 100000 bushels for the month OF June and
very large short" interest TO be in existence In the
middle OF the month for delivery.
Fowler Brothers to-day filed TO the charges
recently made against them by McGeoch. The answer
Is very eeping denial OF adulteraon Of the lard aud
all McGeochs charges. Tue Fowers say their lard IS
absolutely pure and offer 10 pay the expenses OF any
reputable chemists appointed by the Board 10 anayze
It, Tie Board OF Directors began an investigation OF
affa To a
inquiry At fret it announced that none but the
principals dispute would be admitted Afterward.
stenOgraphor was sent Tor ana placed under
oath Even members of the Board were rolgiousy ex-
oued aud all the parties put on their honor not to
diyulge the proceedings. McGeochs partner Critten-
den offered the affidavit OF man named Henderson,
one OF the tdscharged tank men OF Fowler
BROTHERS, Objection was made 10 this, and IL
was ruled that aidayits would not be accepted where
witnesses could DO procured Henderson was then pro-
duced and testified His examination Was not finished
IL was not direct and upequivocal as his andavt
The inquiry will last, Il 10 said, ~ least slx weeks