New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-12-28
CHICAGO M4RKETS GROWING STRONG.
Try TELEGRAPH TO THE rRrBUSE-I

Chicago, Dec. 27.-The prices for grain are
lower tonight than last night but the feeling Is stronger
Twentyfour hours ago 1t pretty plain that prices
were down grade, and nobody felt certain where
the movement would stop Tonight the prices ara
about 10 cent above the MONDAY quotations, and the
general feeling is that they all upon the rebound On
the curb 81 O4ls Il asked for May wheat and sale OK
one block OF 500 900 bushels was made at this figure
Corn for May Is CO.'S cents. 1t much more active
dsy than was anticipated The drop OF wheat to 9ols
for January and 81 032 for May mbered up the trad
ing stop orders were reached and had 70 be acted upon
The decline converted bears" into bulls" Sid Kent,
who has been lighting wheat for weeks reported 10 have
said that to-day or the time for buying
at the bottom When for instance the May option goe
under l0i, great many orders were received 10 ouy
from all directions At these low figures the trading be-
came very active and the market grew steady AT night
puts were going at 1884, Calls" at lOia indicating
firm feeling Lester Co. took in one block OF Roche
sheryn bushels Of wheat at l0is on the curb
For month wheat has been held by clique OF constf-
tutional bears Norman B. Ream, NAT" Jones ana
their associates They bought upon the beginning OF the
Franco-Chinese ENHANCEMENT, but the Marquis Tseng
has tired them out They are men OF "beansh.' not
"bullsh" instincts It no wonder to the people
who understood the crowd and the situa-
ton that wheat In such hands did moo
goup 1t Is not unlikely that on Friday or Saturday, or
perhaps on Monday delivery day an absence OF orders
and deliveries Of cash wheat raid by people who con-
Holders however especially the new ones. at the decline
feel very strong The increase Of only 100000 bushels in
the visible supply not used "bear" argument.
II was rather looked upon by the longs" enc0u-
agement.
Corn is being great deaf monkeyed" With Purchases
and sales both on a very large scale, especially Of
January and February made by brokers who set
down as representing the principals Naturally, traders
who not IN the January clique regard me man1l.
premium which the January option commands Is an IN
centive TO holders of No c)rn the country over TO hur'
nv t on as be got now by selling for January
than by keeping it and selling IL FOR May. inc
result Is that the holders and brokers OF all the
other options are growing at the clique which
Il manipulating January and causing the receipts 10
be large Yet very little Of the corn received grades
OF the 5Sl cars received to-day, only ls6 are good
enough TO I'LL contracts Lndbom was seller OF cash
corn to-day The January option was as low as %, but
closed at about 81 May closed at COS. . -
The Fast-bound freight rates, although nomnaly 30
cents that grain be sent through Tor -
cents This had to-day little strengthening influence On
There were about the provision pit the same peculiar
tactics by brokers representing the packers there were
about the pit by the representatives OF tue january
clique II is believed Armour was Dig buyer o. PORK
to-day. The pit was fn OF new brokers who were Dylng
ON large scale while the old and familiar ones were on
erng without selling. The packers bought no ogs al lno
Yards February pork at one time quoted at 9I2
Said provision broker. the figures went OVERTIME tapef
You couldn't trade at that figure nor within hVecenso or
a. The quotations made by the packers. Ihey
were ali day dong 5Ql0 cents under what the product
figures from Sl4 07 up 10 VA 10 and OF 100 bar
reis from ga 10 10 S4 % The close AT night 40
PORK ON the curb strong although the packers bought
no hogs al the yards to speak OF and prices there were
I5a00 cents lower The struggle between the hog scalp
ers and the packers Is Just at its height OF the
SO 600 hogs the yards ALL IL Is sad are owned Ny mo
spectators, some OF whom are already heavy losers.
good deal of talk OF late, of AmouTs trouble In nhung
tTlsty men do his commission business lhere woull
appesr TO truth I'm this gossip, for George Br1ne
Armours confidential man, starts commission house OK
his own January l, and the packer it's said pacKs n