New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-07
THE CRICAGO PRODUcE MARKET
IBr TELEGRAPH TO the TRrBUSE.l


CHICAGO, Feb. 6.-There was not pit on
Change that the bulls did not have possession of at
the of business tonight. In wheat prices adj
vaneed 15sa2 cents bushe last nights close in
corn, Il cents bushel in pork, 10G l2i2 cents
barrel and in lard, 712010 cents per 100 pounds
Baltimore pool headed 1t is said by Rouss, well known
Spectator of that city, has for long time been buying
very large quantity OF wheat, principally for May
Some grain bought it is said, by the pool when the
May option selling under dollar b1shel The adj
in affected the wheat, and at each advance
the purchases doubled up. " The Baltimore crowd"
said broker :" Is made up OF high betters IL has
bought much that without there being any deal
the shorts becoming little alarmed Messrs. Mil
miue Bodman & Co. and MAR & Co have made the bulk
OF the trades for the crowd, but about week c. j.
Kershaw Co. bought not less than q million bushels
for ROuss and bis associates"
An agent of this clique has recently been industri
ousy giving the pointer that Philip Armour was behind
these wheat operations 1t is believed that the orders
given c. J. Rershaw Co. designed to give the
i'm ore that this pointer correct, Armour being
q partner In this commission house and trading largely
through IT, 1t ia believed that the Maryland specula ors
have made deal OF money out Of their purchases,
the advance has been steady since they entered the
market
TP. Handy "scaped" the wheat market on great
scale to-day and this was OF the local influences at
work to advance this grain 1t Is said that number OF
brokers who made large purchases of May at about
81 1ll9 this morning, gave up the Clncinnauans
Ia ne, a I'D that oight, the "ca," when the May
option was 81 ID, large sales were made and the
given Tue reports OF Zee being over tho
wheat fields Ohio and Indana and or the prevalence
of rain and seet did not nelp the bear party at all
MAY wheat night at 81 1885, February at 81 O6s
md March at 81 077s5 cents higher than IL was week
ago In spite Of the fact that tue pit was not ul
aud the trading II eess prices advanced Ia cents
Corn" said Robert Lndbom who managed the
January ope atiOns, sis not cheap 10 my nlnd me
temper OF the public is just now bnllish, because last
month there a successful manipulation by men on
that side, there is nothing try the corn market
ut now Grain here Is not going round because IL Is
sold and held for wing charges There are
no prominent bear speculars Offering. and because
OF the snow blockade very little grain is arr wing III
there should be raid by str0 Sellers or II the gram
should vered around the receipts should III
crease, the prices. tnInk would break. ST. Louis eorn
IN rinsically worth within cent bushel or ours, Is
going begging der 80 cents Corn Is, for the nonce
the shhttlecuck OF the small traders February ana
March corn closed at 57ls. and Ma. al 59lfc
Provisions when drJpped litC on SATURDAY ana
vest rday, rallied TO-DAY. Pork advanced 10 cents
a tarrsl and lard 7I2 cents per hundred About
ever, cody in the marset comedies that Armour CO.
own all the pork the local Spectator IL taken 70
for sen- pork which he knows he cam get ne ex
cuses himself by saying: " Im betting not on wDat
TIC market II do bar what Armour Is going 10 DO"
Mrssrs II. o. Armour & Co. write the Chica % hou@e
tDat they nd the domestic demand good that tnere
is longer any necessity for shipping the prOduet
II