New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-25
FEATURES or THE CHICAGO MARKETS.
4 DULL DAY AND LITTLE TRADING-AN ADyASCE
IN WHEAT EXPECTED.
rvf zen ,plI tn THE TRTRIfNF

my TELEGRAPH TO THE TRIBUNE
CHICAGO, Oct. "a" All the chances arenOw,"
said commission man, ain favor OF the wheat buyers
every accident will be against the sellers Wheat may
not advance at once II IA to be hoped that IT will not
1t will be all the better ultimately for the believers in
wheat if the present low prices undisturbed for
month II wheat remains at about its present
figure the big supply which this county appears 10 have
will work off into consumption naturally. II, on the
other hand, there Is sharp and sudden advance, the
wheat consumers will get their supply else
where; aud then lower prices than have been
touched yet will be required TO regain the ground
lost by the hasty advance" This is the opinion Of
wellinfOrmcd and conservative grain dealer, who has
been as hear right Of lnto anybody.
The immediate situation about the wheat pit appears TO
be this: The bears" have been afraid 20 sell There
have been no strong "bus" to buy. The large scaper
who are able to carry the Of local traders before
them have by large sales been able TO dcpress the mar
ket by their orer Tine great traders who care
nothing for the transactions OF the scalpcr have appar
emily not entered the market a. l. Kent, Of California
one OF the heaviest grain spectators In the
country who has been here for sixty days.
probably gives opinion OF his class when he says
I'm hull on wheat. hut am not buying now, because
| believe wheat can he bought befonr long cents
cheaper" The little bears have apparently been holding
of for week. undetermined whether 10 sell to leave
the market alone They have about got their courage up
10 the sticking point to sell
concerned they were undressing Lester Co.. who
have been "a cytraclnt bears any here. have +
said advised their customers who arc short 60 cover,
and the firm l. believed 10 have covered wheat
to-day. But II was vrry dry day. The
fluctuations were all within cent and the
transactions small Les than 100000 bushels Of
wheat changed hands the call and lcss than 100000
bushels Of corn. The prices the curb tonight are
almost exactly identical with last nights prices The
November and December options identical May f. u
cent lower than tw,nty-fnur hours ago November
stopped ri 0lli. December at 03is VI ~ at 1914.
The receipts Of grain continue liberal; 2l5 OF
wheat and 1876 Of corn received today Tho ship
mcn- were small about half the receipts hat threatening
weather may have had somewhat 10 do with this Corn
closed lsal2 cent under last night and very dull
The nncttlon IN II during the day ess than = cent
fair index OF the want ~ interest In L. An effort tO
"hnll grain upun the Associated Pres dispatches
nounciug the breaking Oh OF peace negotiations between
France and China, failed 10 excite any enthusiasm. II
was a dead failure
The situation provisions II not losing nny ~ its in
tcrest although the provisions themselves not much
spcculatcd IN October bs, after advancing 10 20 o.
closed 90. TIE distant options. instead OF show
ing au adyuucc, these did. closed lower
than twcntyfOur hours ago, showing. has been
pr0phcscd, that there - squeeze In October and No
Vemcr ribs The November option II likely before long
10 he whcr the October There "a 900 hogs
at the yards to-day and prices were lower.
Pork was lower to-day. october clD-cd nj $40 90
November at so J7i2 JauuIIy at $40 S7i2 Lard
lower too. October stopped at 40 and November at
80 L. cents.