New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-21
THE CHICAGO MARKET ADV4NCING.
INCREASE OF A DOLLAR A THRICE IN THE PRICE OF
LARD-OTHER PRODUCTS HIGHER.

INCREASE OF A DOLLAR THRICE IN THE PRICE OF
LARD-oTHER PRODUCTS HIGHER.
tBr TELEGRAPH TO THE TRIBuSEl
CHICAGO. Aug Pollard for September de-
livery advanced 80 cents per 100 pounds, equivalent
10 a dollar tieree' to-day. At one time 1t stood at
So 3d. an advance OF nearly half cent per pound over
saturday nights figures The stir In the provisions pit
which was considerable the latter days OF last week.
very greatly increased this morning
The furry in the midst of dead calm was enough
OF novelty just little agtate all other the crowds
Wheat corn and everything else went up little, partly
because the success OF the lard "bulls encouraged
the "bulis" In all the other pits. The opinion
which was entertained by the best informed provision
mem saturday-that there is to be no sustained lard
"coper simply very brisk raid on "shorts lis
strengthened by the tactics Of the lard manpuators
day. Fairbankss and the brokers from the Chicago
Packing Company active buyers all day and their
plan seemed to be much to buy lard to advance
the prices of September U. King, OF s. White Com
pany, who keeps very close watch on
this product, says tonight: "By the first OF the
month there will not be. think above 10000 terces
of the contract lard left In town, aud the shortage Is
epor1nous II il not less than 100000 tercss for
September and October. Some estimate that there is
sod for delivery In these TWO months 100000 terces
Contract lard is being made now at the rate OF only
about / 600 terces OF lard week. and the Fairbanks
clique is not think running corner but proposes
TO advance the price fast and so far that all the
sshorts will be compelled TO settle. Lard has been ad
vauced now nearly cent a pound within a week.
~ II ia advanced TO Gig cents per
pound. which I think not improbable. IL will
make a loss to the "shorts" who sold during the
prssent month OF nearly So per fierce, than most
sellers can stand The crowdng Of the price In this
way oompes the most Of the sellers walk up to the
ONCE of the clique and settle think before September
the squeeze will be over"
Fowler Brothers caught wrong They say them
selves they "short" about 6000 tierces and that
they can make this at their houses here and a Kansas
City. From the style IN which the has been
selling however, II Is believed that 1t IL
short" i've times this amount, and that 1t
will be compelled to settle by paying differences AT any
the Fowlers having deal Of fun poked
ut them September lard took its upward,
and they take it with apparent bad grace feature Of
this excitement about the lard pit the sudden falling
Of the receipts OF hogs Only 900 received
week. against 900 the before and no 900 few
weeks before that tims The falling Of however Ia said
to DO simply due to the farming operations which pre-.
vent the shipments by farmers Tbs establishment OF
Geographic communication and the very heavy move
ment OF produce out Of the warehouses
helped to make the day good one for holders. The
opening Of all the telegraph wires brought more
ders An Increase In speculation never fails TO help the
The shipments OF wheat for the fortyeght hours were
1000 bushes the largest for montAs The charters
reported also for over 100000 busheA The ship
meats OF corn were over 100000 bushss OF other