New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-03-28
PRICES ADVAYCING AT CHICAGO.
lBY TELEGRAPH TO THE TRIBUNE. ]

CHICAGO, March 27.-There was a sharp ad-
vance in and wheat to-day, which was due 10 va
riety of influences There was something OF reacnon
before night but all that gained by the bulls waf
not lost Corn at the bale per bushe higher
than twenty-four ago Wheat. however lost Its
advance and closed at Monday nights figures
The advance was started by stampede of the mob OF
"shorts" In the corn pit which has been selling all
through the recent Scents decline The advance once
begun there substantial buyers also, Wno
bought Oh the theory that the tom had been reached
Their purchases OF course helped along the advance.
Wheat was "bued" largely by the advance In corn.
The trading in the latter enormous, while the specu-
lation in the former was not active.
Great difference Of opinion exists now as to tho merit
Of wheat and corn at present prices. The market just
Tor the moment Is pretty well evened up 81 that ma
nipuauon cuts ngure IN the movements mp ana
down. There ciques loaded mp either
with corn with wheat aud there Ia not
any tremendous short" interest in existence.
The big traders are divided in opinion. sid" Kent
whose views always conservative at any rate. IL
said to be pronounced bear" on bo:h wheat and
corn. David BOWS * co. also ranged on the same
side and it said that Kershan, who hates to adj
wise any one sell anything advises his customers jus
not 10 buy wheat.
A prominent oGlcia! OF the Chicago. Burlington ana
Quincy Railroad who ia often In tho market and whose
opinion IA much sought afier because OF his
facilities for knowing what hs company knows
about the crops, saws that the C., B. and Q.
road was asked today for 900 more grain than u
could furnish lie also is authority for the statement
that 10000 70 bushels Of corn cbbcd along IN line
the road and o. has been claimed over aud over That
there no corn cribbed back in the country.
The changed policy Of the inspectors ONCE everybody
about admits tGat there has been change from a
severe liberal kind OF inspection Of corn j. most
depressing influence Last January nor over 10 10 ger
cent Of the receipts graded No. = now
CO cent allowed To- into the elevators ~
contract corn. These the hearsl Influences. There
great many. on the other hand, who beloVe that
both aud wheat have touched bottom. These may
be rich but The fict that 80 many 81 the big traders are
the other side may delay things coming around their
way.
Provisions very srOny. Pork advanced zoe, bul
ost half OF ard lari which wen. 2Oc. closed
nj niut 7iad OC. above yesterday figures There
Is y Story here thai Armour Il short OF lard 10
McGcoch IL is generally believed hut there 10 sooo
authority for H. IT. IL also Improbable i0r Armour -
rognizant OF McGeoch's schemes and knows too Wei
tho strength Of the sc0tcbman- backing ana he bnll
dog tenaciiy hcl "rhort" 10 hlm when h was en-
cheering doal"-and McGeoch l. now cheering q
zeal M lar
At consultation % state Railway Commissioners and
representatives OF Eastern roads tue DECISION was
reached that tie railroads have been weighing gram IA
accordance with the law. and that the dcmlnd 81 tho
Board of Trade for n supervising weigler IL untcn'
able.