New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-19
IHE CHICAGO MARKET
LARD AND PORK HIGHER-wHEAr LUwER-fm
LARD INQUIRY.
rBY TELEGRAPH TO THE rRrsuSE.J

LARD INQUIRY.
fBY TELEGRAPH TO THE TRrBUNE.I
CHICAGO, Aug. 1S.-There was O httlo
whrl around the provision pit to-day. September lard
sold up so that 1t was at premium over October and
thereupon everybody began to talk OF lard squeeze
Fairbanks men stood In the pit bidding the stun up
while tho brokers from the packing company's once
stood around and talked 1t up. and sold on
the sly. There lie to be q squeeze, not
q corner according to the wiseacrea lard who
does much figuring the stock store and who writes
long circulars, and who 10 seldom as well posted says
that there are only erces of lard In store
tonight and that the stock IL being cut down 10000
tierces per week. The manufacture he figures at 5000
and the shipments he estimates at 10, 600 uerces per
week. He thinks that the situation 10 becoming
interesting, that there 10 likely to be
sharp advance and that the "shorts will be called upon
for big margins bat that the holders will sell out Cf-
top Fowlers says that there some monkey.
ing, going on that his concern "short" thou
sands of erces Of lard but that they have got forty
days to make II, aud will DO 1t with their thirty.
two little lard tanks Que hundred pounds
Of lard be got out Of each animal, II fat hogs
are bought now, and there is no difficulty In getting
them September lard closed at e42sc. cash, and 0co
Der at the same figure.
The range the fuctuation Of wheat very narrow
to-day-less than o cent The movement was down
hill The August and September options closed u cent
under last nghps The shipments OF wheat during tho
week were q little larger than the receipts, but
not so much larger to mako anybody "bulp
on that The shipments to-day were 10000
bushels ard the engagements 27sooo but there are lots
of wheat here for saeby the Kent clique. The volume
Of business has been exceptionally small during the
and this has caused feeling Of depression II the
settlement OF the telegraph strike increases business
next week. II there failures, aud the ship
ments continue good last week, which Is likely,
wheat Is likely to advance just trine, August closed
tonight at 81 Ola and September &c 81 02i9 The old
Baltimore and Ohio operators appeared at their keys on
Change to-day.
George Brines' closing address for the prosecution
uted This is to Offset the publication Of the Fowlers
address, five hundred copies Of which were distributed
Pork FIVE higher to-day out Of sympathy with
lard, and so were ribs, but there Was
no speculation IN either to speak OF.
There only $4,000 hogs received last week 20o09
OF which shipped and yet the price tumbled 20
cents per hundred. Corn cent lower to-day be-
the temperature hereabouis wse high The ship
larger than the receipts, although the mens
a RsS'7'' are "iS Che SSS anp:
the Fowler-McGeoch case will probably
be reached Tuesday. whatever is great deal OF
litigation Is certain TO follow tne Fowiers are ae-
quilted IL Is believed that they Will bring libel suits
against all who been connected with their prosecg
ton. II the Fowlers are found guilty, McGeogn VIII
40 900 OF lard OF the James Wright Co. brand
which McGeogh took Sl1 So II the lard f4
found to be adulterated the delivery will be declared
regular and as lard Is cheaper the scotchmsn can
1000 In their defence. IL Is said that there u
virtually corner In hams now, and that the STOCK ana
simply between buyers and Armour. There are no
shorts"