New-York tribune., 1883-12-21
TIE CHICAGO MIRKETS.
WHEAT AND corn LowRR-PoRK AND LARD HIGHER
IN PRICE.
lRY TELEGRAPH TO HE TRrBUSEl

CHICAGO, Dec. 2O.-Ih6re were exciting llt-
tie episodes In todays markets The January option OF
advanced G2 and there Large purchases
by tho Office OF lester Co The spccul ltion In wheat
was especially dull; the call css than half million
bushel, changed hands 70 night all the options are e
cent under last nights closing prices Corn also la 2
cent lower than twenty four Provisions on
the other hand, are higher
The receipts especially wheat were larger than were
anticipated There go OF wheat and 2l7 cars
OF corn inspected whereas Last night even the railroad
men predicted that there would be- not over threequar
tiers Of This number THIS disappointment TO the bulls
added 10 the publication ~ The fact Ota large Increase In
the visible supply OF wheat turned the tide for Ac day
The feeling was little heavy about the wheat pit from
the start The figures which started at about last nights
closing figures, dropped until the very close
the curb TheMay option - O67s Jauuary09 cents.
Puts on The former option were selling at II OO' Cans
at ~ O7L There win be session Of the Board on
Monday; tie evening UP process which always pre-
ceeds q holiday and which almost invariably causes
weakness go this The signs are that 1t has
already be ul that unless bad weather or war news
comes IN between, the feeling wllbe little weak BAD
weather however to b. night at hand snow storm
began tonioh which promises to as until morning The
the other options stood stock stil or even declined little
This shows that what has all along been cllinsl the
manipulation Of January, Is already going on Inns -
the fayOrte month for squeezing this grain and looks
now a, % or even 20 might be cNtOrted tum the
hard to trade in tnis option around the p't, 80
great s the dstrst except in settlement but II pretty
certain that thcr1 Is big shortage out when inc
secret II the December deal was let ont Of the nag ana
the panic began among the bears there toioMeaa
Wholesale selling OF January. II was argued That whue
December was unsafe to sn bccanse 'cornored Janu-
ary rcut sale because reaction was certain 70
Then followed great selling Of the Inter month
by who haI tho money they had lost
be- compelled to scramble next month Just ~ they dd
this and that instead OF recovering thcr money they nave
simply put themselves IN worse position Ju't before
the close of the Regular Board, Lester Co. were large
buyers OF corn, and the Adams Brothers were large
sellers. or the PIT cars Of corn received to-day ~
graded December January corn closed at 6I agents. May
nt G2 cents.
Hogs higher the yards AMI products were high
the floor to-day. The Lester crowd claims ~ s'u
its February hog products. Even with Tue niue uc
cline which took place on the curb tonight pork Is ~
higher aud lard and ribs seen higher thdn lilit
night The packers free buyers or hogs NJ the
yards despite the that quarter OF the 10000 hOss
In the pens this morning BELONGED Ia "bctlpers VINO
pocketed profit OF Ocents per hundred Pork for Feb
flaTy closed at $l5, lard for the same month at
80 I7 January ribs AT 81 10 The general tone Of this
crowd Is not "bearIsh" produce There are two or
three rich local operators who are radical bears on
wheat and quite a number who feel that perhaps ltle
break should precede another advance But the teens
generally is strong and cUudcnt Of rurther appreciation
OF all kinds VI grain and bOg products