New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-06
FIXTURES or THE CHIC1GO MARKETS.
LARGE SALES OF WHEAT, But HIGHER PRICES
ADVANCE IN CORN AND PROVISIONS.
fpy TIL Fcg APU To TIRE TRIBINEl

lBY TELEGRAPH TO TIE TRIBUNE
CHICAGO, Nov. 5.-There has been unlOaded
upon the market last Friday probably not less than
5000 900 bushels of long" wheat The big operators
who were bearishly inclined sold out great lots All
the tricks the pit have been resored to 10 bring
down prices. Cash wheat has been quietly gathered
together into biz lots and then sold The hammerng has
been scientific and vigorous, but altogether without avail
Tonight wheat Is higher than it has been for long
time and al the options are cent higher than they were
last Saturday night all very strong, and all apparently
tending up ards More thar all else, the manpulators
who have been TRYING to check the market In lts recent
upward course are tired, Of pocket and little
alarmed.
The situation now Is not unlike that which existed IN
1881. Handy had run successful corner, ana had au
vanced wheat from below 81 20 to little above 81 80
He settled his outstanding contracts at the end OF the
month AT 81 49, Another Cincinnati crowd was made up
Immediately 10 bear" wheat. when Handy threw his
cash wheat the price would 1t was believed, go down.
There manipuators under the grain, ard crowd
made up OF little holders has always been set down as an
easy one to beat The Cincinnati crowd which was con
hdcnt that IL could bear" wheat without any regard to
tho situation, simply because the grain had
no other support than such the crowd gave
it, was burstcd all TO pieces The crowd
which had been contcmptuosy looked upon ran wheat
up from ~ 81 to ~ A. ON day the maker Of That I'M
fortunate clique sold 100000 bushels OF cash wheat II
swallowed up a bucket Of water wond be III Lake
Michigan.
Tie price Of wheat is very much lower than it was
in the fall Of 1881 few very rich operators bear
sh however and have declared that the only safe thing
10 SELL because there was nobody whcatcX
copt a great crowd Of hc holders between whom there
was understanding The maupulGtors Just
in 1851 have far been beaten. IL Nigh be said that
the manpuators have right enough for wheat has
dropped from ~ down cents and Is only %
cents; hut the fact s. the bl. fellows tho who
lost the money the down turn They became yigor
Dusty "bcar,h only after wheat had gotten very low.
II va. reported generally Saturday night by the com
mission that the mark was remarkably well cycued
M. There were no big holdings II pronounced e
sign Of weakness. To-day everybody was surprised
when the market opened strong and advanced rfl-
idly Even the bears" are referring 10 the
crowd tonight with little more Difference;
because, although tIg big traders, the high rollers,
were sellers al day, wheat closed at The
top. Tie smaller "slor~" expected 10 cover to-day 40
lttlr decline Many OF them Urr, alarmed ut the
gr,ut siren I exhibited, ana made up their minds 10
ont to-day loss loss. They hoped That would De
The wet vcItnorur-,' their calculations Tolly'- was
not weather in,uhct; storm or no storm wheat would
have Been higher; but thr weather heightened the alarm
Of ihr smaller -hois' u perhaps la tened and little
Tic tra.n. to,Iy ga, l,r-, IN IA, acsrcclt, bat 30
scattered about among r commission hui.~r
E,,t u"iEir2 nat ""e iug ~'li1iE hi-hI - trcr To-
by any prominent operators most of these latter
al, "sho-." Tho sil. 1ir tonight tlIi such ~ them
~ arr ".ugt win Doe .Iur'f'd The feeling BE- very
strong. The November option closed a 80 r. tc Drc,u-
b,rai gC. January g7t-Maya. - ul--. "Nat" Jou,.
on hr c Ind tHis Latter nurc for 10000 bu,rcl, of
Tlcpro.prpt u war between France aud China e. boz.
hucuoug the feeling "f traders cou-l ictlby.
\ declaration NJ ho,uiucs would pro.aby advance
Rhe.t cents bu-h"l I'm Just ending an account
10 % farmer iu Nebraska" lad ~. T. McUcuty. " Hi-
H has pad .u less than o., cent? q bI-h'L Thit l-
too little money, aud h" receipt. are an evidence OFT
TI'rr on, I~3 OF wheat received to-day, and
tlc receipts hondy or" usually doubt" tn-, Of any other
day. The rivals w -oon Dee less than 100 cars pcs DIZZY
flHlr-- piIc'- HdNInr'.-