New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-12
UNCERTAINTY IN THE CHICAGO MARKETS.
TRADERS WONDERING WHETHER THE DAMAGE BY
rposr Is FyAGGERATED-CORN LOWER.

WONDERING Inn DA@
FROST IS EXAGGERATED-C0RN LOWER.
CHICAGO, ILL.,, Sept. lit appears to be
as impossible to form intelligent idea Of the plight OF
the corn crop to-day as 1t was yesterday. All sorts OF
reports have arrived from all quarters but even tne
people for them and paid for them are osirsT
full OF them. The fact that the St. Louis market mas
taken the great frost visitation so compacenty saGseis
traders here the stOdness OF the New-fofK hako'
is another poser The Chicago corn bulls" are MADE
a little uncertain by this New.YOrk and st. LOUIS
indifference. Half OF the men who bought corn
on Monday evidently kept thinking to themselves TINS
morning: Has there frost or has there not peen
one9 Is the crop devastated ore we hborng uhder
delusionl
Ridiculous may appear, the indifference OF the d.
LOUIS traders to the reports which were creating sucn
sensation here has had little to do with cheeAhs
sensational fluctuations. large share Of the gram
which was bought yesterday III the helSnt Oh tno
excitement was sold to-day ana prices moppeu
p Of O cent for the options ana ceu'
for the more distant AT the ciose'
however, w. T. Baker Il Co. began buying on
large SCALE and almost all the days decline was recoV
cred September corn closed at 81 cents October at 81
November at sos This drop OF only 3 OF cent
for the first two and g OF cent
for the last option from last hS"''
The feeling OF the conservative class OF commission e
over cora is that in view of the uncertainty whch exists
40 cents is not an extrIvagint price thai 1t Is ABOUT
il s conceded are likely send prices up considerably
or down considerably. II the frost has been disastrous
a. il anticipated that it will be found out first ny tae
falling of of the receipts. There are traders here rot
of the conservative class however, who predict ~
cent advance within ten days.
The effect indirectly OF the frost on the hog crop Is
exciting almost as much Interest s direct enec on
corn If corn does 20 up the farmers Will soou De at
sAue with the packers prces This 10 Inc season
when the latter spend their time talking the American
hog down. 81 cannot Sec" says Armour. " what ell c.
the damage OF the have this years crop Of
hogs The nogs msde before the corn Is harvested
there are lOs OF frosbiten corn nefc VIII ot Ots OF
II to ne led to the bogs" But" SAYS another person.
hacker Armour wants to plck tn, entire bOc crop tDs
wear He OF course talks hogs down now HIgn-piiced
escape from Il. The packers. who have all Deeh
great sellers of late, upon tho theorl
fhst this year they are to get four
hogs may after all be the worst sufferers OF Ins
frost If Il turns out disastrous. IL may prove more us
astrous to them than McGeOcne taliufr o.-,--
"Od Hatch" no has creating scare IN Oct9DSr
lnrd was is believed seller today lArd uroppcu ~
cents oer hundred While he selling lard however
he was it's SUSPECTED buying pork The veteran is a
outspoken bull in everything lie predicts l4-cchl
pork cent lard aud higher priced grain tVeI3t
he declares is lOw enoIgl September ana OctoDer hi
closed at 80 20. september pork at I'll -
and October at Sl1 32lo Wheat neglected anu IN
consequence dropped idli2 cents. September clOscd
at 90 October AT 81 "a. November al 99A. $500
Mctieoch's firm is IN full ast now again. ilttIc less
than ninety days since lis failure. The ock o. Wueat
mere has increased half million bushels ms Week
the stock OF about 10000 bushels Inc reeeipIS
470 OF wheat SOS cars OF cOIu "a cars
OF oats ard 10000 hogs.