New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-29
THE CHICAGO MARKETS.
A SMALL ADVANCE IN GRAIN AND PROVISIONS
SPECTATORS CHANGING THEIR OPTIONS.
InY rFIEnRApH TO TILE rRIRuNKl

| sPECULATORs CHANGING THEIR OPTIONS.
| lBY TELEGRAPH TO THE rRIBUSE,l
CHICAGO, Sept 28.-Wheat tonight is
07s cent higher than last night pork nearly 40
barrel lard and ribs 7a0 Is cents per hundred pounds
higher oats and advanced little too There was
during the day considerable changing of long wheat
from September October by "bull" speculatOrs who
never had any idea OF taking the cash property and who
have not got the money to take and pay for it If they
had They are he dabblers who have been filing up
month after month"; changing over as delivery day
approached because their expectations were not realized
| by the option they 1rst took hold Of.
This changing over process had depressing influence
upon the market, rather partly counteracted the
other influences, which bulllsh" Nothing SO
stimulates market the abtng In of the actual cash
wheat by the people who bulling" nothing
the other hand shows more plainly the weakness of
buyers this changing over process wlen the time
for the fulament of contracts is approaching J. @.
Adams prominent local scaper, large seller Of
the speculative options in the forenoon and his sales
helped TO Offset the very strong bull spirit which
evidently prevailed
The shifting of conservative houses over from the
"bear' to the "bull" side of wheat continued Cudahy
& stevens were apparently large buyers this morning.
and IL was reported that the firm covering short
wheat Poole Kent & Co. reported be large buy
ers too. McGeoch, who has been pronounced "bear"
In wheat buying wheat He Is said to be GOV ering
short contracts, and ia growing more conservative in his
customers. Testers men pretend DO
ishD but the customers who closest to the head
Of the house giving their friends the pointer to buy
the December option william Young & Co. were buy
ing TOO and are now writing Dullsn" circulars. The
buyers Of wheat very plainly, very slowly, but
gradually oyerpowering the sellers.
not OF course, by any certain that the tide
will turn, but the chances appear TO be In favor
OF the "bulls" The buyers Of wheat appear to be
numerous, and commission men report that
they are OF substantial class. The margins
put up are ample, and they not likely
to be staInpeded by little temporary The fact
"ong" wheat aud that the representative OF this clique
is here and apparently upon the anxious sat looked
upon as rather 10 the market little
might Is felt, bring all this property ont, and
fayOrably affect prices; but there almost ably
weak allies In any The commission houses
which advising their customers to buy ad-
To- e"stay by0 their trades Little set
backs reactions they predict, almost certain
The market never goes right along up. right
straight down.
The movement OF wheat which has been getting more
and natural for fortnight good to-day. The
shipments little exceeded the receipts Ths later are
decidedly falling OIL TO day only 100 re-
ceived. So tho receipts OF corn which were only
$50 ears The Is tue OF October wheat
closed at 95ls November at gle. December al V5's
Corn Ia dul simply falling along after wheat Sspem-
Der closed a 40la October at 49A, December ~ asa
Pork 40 ents higher to-day because OF tue tenn
porary squeeze which Is simply caused oy the rnsn OF
toe September aud October shOrts IL Is not likely TO
last much longer Lard advanced for the Same reasons
and RIBS too Tho annual pounding OF provisions by
the packers will soon begin Hogs must De lowered AZ
all hazards Suo OF the next seasons pork rs has Deen
upon the basis OF Accent hoga, ana they
to-day arc above Ala oentA But there Is sun a DIX
shortage In the near options, and thero may DO
attn further 10 nporary advance The Liverpool crowd
can easily October lard II II chooses IL has the
property and the options- IL may snc may not Ar