New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-20
THE CHICAGO PR0DUCE M4RKETS.
UNAFFECTED ADVANCE IN wHEAT-CORN LOWER
PROVISIONS HIGHER.
Try TELEGRAPH TO THE TRIBr'SEI

lBY TELEGRAPH TO THE TRIBUNEl
Chicago, Nov. 19-From the curb on Sat
urlay night any who rsked prediction upon the
of things o-day propbeSicd weak market in the
wheat pit and lower prices. All the predictions turn ont
false Wheat tonight Is as high as it was on Saturday
night. II any thing just little bit higher. Th, was day
Of surprises There ample reccpts-ncarly 100
OF wheat and over 700 of There fair
weather news and rs many beIrSh promises
from the railroad managers usual. The market
started in accord with all the circumstances 1t began
weak and lower. Prices were sailing down. perhaps
against the desires and interests of good many people,
but according to the expectations Of almost everybody
Whyi Well nobody could tel! at first. Nobody knows
10 a certainty yet.
There plenty Of theories. French grain house,
said theory had for samples OF Chicago
wheat It opened up such y,tas that whoever heard Of
It began to feel II AT least the Continent Of Europe had
begun to ask for what 1t all along had wanted but had not
asked for OF spc-Americ wheat; but this theory
was not subtautia enough TO last very long. There
were Others. The Adams brothers were said to De-
long several million bushels OF wheat IL had become
question of selling out at loss OF bolstering the
market They did the latter, and. according To reports
bought very largely-mOre largely than anybody else
OF wheat There is said to be basis for thi, theory.
While the Kent crowd and at least part of the Trego
party have left the bull sdc the AduIses, IL is generally
believed are tit But there always more than one
influence at work In the market n. b. Ream whom
rmor has had very heavily short OF wheat considered
to-day 1t Is gossippc good time TO he bought
several hundred thousand bushels the grain and so
helped the Adam,es TO turn up the market.
The range Of prices was little less than cent to-day,
the lowest figures being about g below the prices
Of last Saturday and the highest about S cent above.
Tie closing figures November $685. December o. Jan
uary 965 May 1913 about the top of the day
Aside from the little change in the attitude of the big
spectators there nothing TO prices to advance
as they did While French firm may indeed have asked
for a samples of grain, the actual shipments
ridcuously small and the receipts liberal Tue receipts
tomorrow too are pretty certain To be large II is Tues
day and that day they not unfrcQuenty larger
even than on Monday The Adamses are not spectators
who nave following, although they successful and
strong They great scapeIs and the alers know
this The kcus talk beaIisn do their brokers. 1t IL
believed however that they doing very little. Yet IL
was part tOay's gossip that they were large buyers
this was pretty Enthusiastically gossip, however. The feel
ug on the curb Just shade easier, the sellers being
ready to take the figures which the bidders offered the
cail without getting takers.
Corn duh as IL could be with any trading at all
going The range was within a cent and the Tansac
tons small The receipts Qf wheat had not been
strOngJ would probably prices down some The
close was i lower than Saturday night November
As cents December 47o cents May, 5O7s cents Oats
firm.
"Old Hutch was buying pork again to-day, and the
prices advanced The wseacres had ii that he began
buying with the design OF unloading but finding the
market unwilling 10 take back what 10 sold, continued
his purchases. The local wseacres probably are
little In the secret Of Old Hutchs designs
a. their preentOus brethren who openly ayOw
ignorance them Wseacres wseacres 1t is GER
tain thing that the veteran Spectator has good many
thousand barrels OF pork bought for January and Feb
ruary and to-day his purchases aud his attitude adj
vanced pork 10 cents barrel and lard and ribs 72alO
cents per hundred pounds. There 80 800 hogs
hand at the yards and they went at Saturday prices