New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-05
CHICAGO SPECULATIVE MARKETS.
ADVANCE IN Observation-Disclosures lNfLohNOI
IN THE TRADE-sLiGnT DECLINE IN "hEAi'
my TELEGRAPH THE rRfBUSEi

,nv,vcp ~ OBSERVATION-DISCLOSURES TSFLCENCE
IN THE rRADE-sLlGuT DECLINE IN WHEAT.
lnY TELEGRAPH To THE TRIBUNE!
Chicago. Oct 4.-ShoTt ribs went up over ?
cent per pound to-day. 60 cents per hundred ana all INC
local crowd tonight say Armour Is taking an
t,r, That il simply coming about which these dis
matches have been foretelIng for fortnight The short
RIBS lie In Phil Armours cellars-neary ten miihon
pounds Of them price for the month oil OCTOBER mas
been steadily advancing for fortnight Io-u"S lno
shorts could not restrain themselves lhey pave ~
r men buvipy compacently aud been preserving their
sIt possesion They lost IT, at least temporarily To-
dav Besides Armour just little hastened things to-day
The optside hacking said TO be short espe-
caIIy the Chicago Packing Company. The shorts Ola
for the propertv Armour bid little above them On the
morning call the price advanced 10 cents AT u"
1be crowd il not thoroughly alive to the stu1uon ana
the scramble likely to become hNeHer anu H'e"'r
Tho conservative opinion is that the October option will
advance 10 cents, others put the limit at loo u
closed to-day at g. 50; last night 1t closed at o. NO
o,her closed at D. So having declined rather than I'D
vanced The result Of this advance, in cash ana DC
tober will be TO improve the cash trade Dealers all
over tho country viii be anxious to get ana Keep the
goods they have aeal ordered and also ready 10 Ouy
before the market advances further. Armour "heh
soueeziug the speculative market always dscrimnates
a. fo nj bis cash customers taking good Of course
that the prfperty does find IT'S way back on the
market again.
october pory advanced cents to-day; but tonight
since the call cash pork has advanced 10 cents barrel
Pork is a. certain advance Us ribs Armour runs the
sock "a completely he does the stock OF ribs ana an
advance IN the October option viii surprise tie Trade no
~ than the advance in October ribs; sOmcisuy dollar
a barrel others two dollars II barrel. While the October
orfon. are advancing the other options are either
standing still crrH-ng Inc squeeze 80 d' y IoT
Ortoer II Il Improbable however that me rnrket
may naturally corner srl Tor November IL does not
ongaar now as N any pan 10 squeeze NoFcu-
~ t o Ne aIut mat there IL a Oclo-
her rlbs 90; perhaps IN oCourf 'td ana lnl nut pro
vision. are too hg II u conceivable that Armour may
keep his stock over aholueI ulo, $3.50 -. ' , w.
any larger stock certainly; for j. MT pos-br 70 make
mis- or pork either for October aud consequently inc
udy,nr- Of Ocio"tr prices VII "' no ~ W ~
rrr.. Of manufacture. Only one thing appears 10 DE-
probable pretty nearly certain: AnGIG ' rs, 'Io
extra hazardous october pork stopped NJ o5o' No
NS.",, -I-igsn advance. az 10 cents Tor october.
and decline ~ ~ rents for November. The Iuglsh-
men are apparently banging on, waiting 10 get the uene
wheat dcclucd Il D. cent to-day. II twas weakened
las fc report ~ failures go the grain trade abroad ne
se.ng however tonight l. That RIOS aad pork VIII De
strong enough 90. morrow e. advance gram t"e ulco
me situation bear wheat l. oH, considering the
figure. at which usually sells YET there i los ~
wheat here wheat % said ~ NeW-l orr, ana
lots 81 wheat u The european 'ehlFr> i"' lIaI, 10
day iu grain VIZ small rumi' lL ~ l'e ui'eL "e
average. With small lay trade u Is si'y IoT t ho
local scapCr-, blk aud ntuc-hen Eehih' Jones ana lhe
others 20 scalp wheat 'or tIing down turn; yet no
OrtOucr wheat closed di 'l' No''ul''i ht o'soD'
! al 90 ,r.I.: corn dropped + al % cent.
Tuc shipments u wheat were "hy --"'p buaLe.a les
were ljS 900 bushels. 100000 bushels less tbhu the re-
cellts. Uat, steady aud even advanced = OF a
The officials last month changed the No. grade NJ
barley tuat 10 lowered aud the price Icl over
night ahOut 10 cents. To day u was drllcd ny me
Arbitration Committee that all con!raris made htiorc the
chang u the rule made must be h.rd ~ the DaI.cy
desert ed gs SO by the @Id RUE u was anrauoH
that considerably interested local and outside eTe"er~