New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-05-23
FE4TCRES or THE CHICAGO MARKETS.
lBY rrLEGRArmro THE rRrBUNE.l

CHICAGO, May 22.-Jach Frost is still in the
ascendcncy tAs market manipulation Of prices,
and for the n0nce =" Pail" Armour and sid" Kent
and TIN" Caldy Fiirbank not 10 be
spoken Of in comparison. Whether rhe one Is
blyer the other seller the crowd cares not With
al OF them sellers. .ong these blasts o. cod last.
wheat will 20 down. They all be buyers but 1t
is not their purchases that influencing TIE figures.
II the Of frost. the OF snow and fears
OF ruined wheat fields.
The speculative markets continue duh. In the wheat
pit this morning Robert LndbOm was prominent
buyer of the fall options and Broker Crapser was de-
monstratiyey making purchases but whether because
the Adams brokers wanted 10 buy, OF
because they wanted market made on
which they might SELL not very apparent Ii was
however unanimously set down that he was acting for
tho Silver GIays Aside from the operations OF these
two firms. no was cutting much OF figure Prices
old advance one cent. May touching 40, June ll0ls
aud July ll3is; but the whole advance was not
retained
There was an advance yesterday and something more
of an advance today but wheat is not conducting Itself
to the satisfaction of any party. The "bears" are or
satisfied Tor, when taey have expected u 70
keep on going down, 1t has stopped and even
turned back up little The bulls have hoped that IL
would leap back up TO It's recent prices and IL has
not done so and is not very zey TO do soon. Judg
inc from oil the present signs getting to be conceded
that great upon the ground that the lss3crop
failure would lust now premature. Spectators
expected course be premature and SPECTATORS it
is set down. own most Of the wheat IN this country.
Some commission men believers in very great adj
vance in the future price OF wheat They are advising
their customers 10 buy the distant and year" options,
and as the saying goes "bulls" on tine next
crop Wheat tonight closed at 1924 for May, 1899
June and 1l2 for July.
Conservative members take about the same view Of
corn that they do OF wheat. They do forget that
there has considerable advance in prices and that
as figures ged year in and high
They believe that the crop prospects are poor not as
irrctreyaby bad those OF wheat, but certainly not
good They see that the demand is exceptional; that
the stock, which very large here Is rapidly being
reduced and upon the general situation they
are moderate bulls But conservative members not
the who believe that corn will without any manipu-
laon sell In the next thirty or even sixty days al %
cents They bulls on the next crop just ~ they
in wheat and not upon this, Vessels mere
The May option closed at SOFA June at 56 and July at
5els-e 4 under the close twenty four hours ago.
hogs continue 10 arrive at the stock yards, proper
tonatey through week. they have arrived so lar.
days receipts will be 10000 head less man
iast weeks Packers aud cattle men predicting
this much OF falling of, and In consequence
live hogs have advanced cents per hundred per uay'
Hog product has been somewhat affected IN con.
sequence. The falling on III the receipts, u.s. ~
tue packing houses, explained as que 10 ' n VIZ
sharp decme-5O cents per hundrec-lh i've LUIS iass
little advance that has occurred VIII Drug on, v .h
animals very shortly. But upon me questlon y. ,o
receipt Oh hogs there IS as wide @ h- onshn
upon the price of nog product; ana there ousns
To be- Tor with more hogs there ought, 10
be lower prices aud wch fewer higher prices rof ens
Gay, after exp rcncing advance u 2oSoo ee nc
per barrel, lost three-quariers oil IT, a anu
closed on,y 5G7a cents better thah ,So 80
nent; June 1855 and july at ~ o. Tn uu n uSs
"lo, il finplel WIN pofk aod closed lower than On
aioudAs: June ~ li.71is, anu july ~ lA'se