New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-08
an EXCITED MARKET IN CHICAGO.
Try TELEGRAPH TO THE TRIBUNE, I

TELEGRAPH TO THE TRIBUNE
Chicago. Feb. Part of yesterdays ad-
vance lost to-day and there was not thing on the
list that escaped Wheat corn, oats and all kinds OF
provisions declined more or less There was no great
trading and no great blocks Of property were offered
The weakness was probably little relapse from the
very great strength exhibited Tuesday. While there
were strong peop.e buying In the wheat
pit the majority OF the crowd was mite
shaky At night the figures showed a decline
from yesterday Of l401 cent; February closing
Mt 81 OGIt March, q cent better and May at 81 12l4
About the corn pit matters dun that quotations
were sometimes fifteen and thirty minutes apart
Between corn provisions there is pretty close al
lance 10 that when the goes up tho other follows
suit and that provisions dropped to-day Ii tle most rea
sonsble explanation for the decline OF corn.
Although the receipts continue small only l59 cars ar
irving to-day still they larger than they were last
month when the existence OF corner ought to have
been an incentive shippers hurry along Their prop
erty The quality IS all the while Improving.
February corn closed ut 657s, ~ cents
under last night; March at 56as cents and
May at 5o7s cents. It Is cited as
an evidence Of strength that new mixed" corn sold
to-day up to 81 cents within 2l2 cents of No 1t is pre-
dcted that will be within the next three weeks
large receipts Of hogs OF the "porkers" started
DAYS ago but were snOwbOund AMI are arriving now.
Twentyeght thousand in to-day, 5000 more than
were received esterlay. Although live hogs at tAe
yards ad yanced cents per hundred. pork on Change
dropp,d 1895 cents barrel II IL not anticipated by
weinformed provision operators that any great adj
vance will sustained in pork this month. II there
suueeze IL Will follow closing OF the winter
ar the end OF Febru try. All tho specu-
latiye FORK will be male then, aud packers
by AZ, auclug the product will not be likely To adVaIce
I'VE hogs, "A thiIg which, ~ course, iry very maCh
dread Lard ped proper Onatey further IN IN pJr X
for to- lisut te otation I29G Is cents per nun
dred lower than twentyIOur hOJr, ago. The market
was witaout incident II declined because everything
The up o.ed new 'corner" rule which been
mittrd By the directors, and wnlOh VIII in about ten
DAVIS be voted npon by the tDemb Of the Board ls
kelly To be- defealcd. The feature o. tie pr p ised
mo sure that provides that the short seller IN
-e corner" snall not be- COmpc led to paw over 10
per cent above a figure arrived by Striking an average
Of a markets. Fog instance u tue 7tandig Com
mttee, when dispute be, wcen DlJ er an self
would g0 hnI hat the value OF corn was % ccnt6
tine short" could not be compelled 10 pay more than
5i cents bushcl penalty for IA lure 10 dely r. The
pruy ia failure to delN er oats would be ytry
I'm H. only Sat cents Tue penal y, however or fail
urr deliver pork ard would be pretty htaVy under
tIIs ruIc Among others whASre opposed u TINS RUE
il A. NJ r lzteut enemy or corners, VINO
conducted tle Tor tue Dcautcr IN the Armour wheat
mift~d ID too loosely woried TO DO practicable,
and that also leaves out OF Consideration
the legitimate mi .eucc that speculative demand may
lave u,on prct,. If opposed TO The propose" rue
sad br her be .tu-- Do .. urlWn ttner purpOscy or
ma ty,rru.B I'm he interest OF the packing crowd. II
ms rue. un -sed au s,Ouli corner In oats,
could only M Gc.autcr4 Jig and / cents "a
busnel penalty. raly one Of III packers corner
IA poi this 10 per cent tcnAuy rue, lie cOulu
MAKE ls ,uOrts Jay MIN from ol % To - per barrel
Ioaaty rnOugn Iront 10 satisfy even pa KEY" since
january l. the nrst time In over dcta e, t-s market
Las been without any AMI" corner rue.