New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-20
FEATURES OF Tan CHICAGO MARKETS.
lBY TELEGRAPH TO THE TRBuSR.l

lBY TELEGRAPH TO THE TRTBuSB.l
CHICAGO. April 19-The wheat market is
good deal better tonight than last night The great
sealpers who bought oIt might ago and have peeh
buying ever since have sold out Nichols Is believed TO
have realized In the wheat held by the Parks crowd and
Deacon Hobbs has sold the wheat he bought for himFe
for william Clapp and for his rich Newly 1rk Methodist
bre hren Iindbom sold his ria OF some
thing ike 100000 bushels the euro aferth cali OF
course with all this realizing there WAS some covering OF
shorts" II there had not Oeen all the gram eould not
have been sold and yet the prices all the while
advanced There was certainly d. al OF short
wheat covered McGeochs partners scrambled for some
OF IL at the top prices OF the day great many other
shorts did the thing About the only persistent
people In the crowd OF "bears are believed 10 be Les
ter and his friends, aud Swarz Dupee AMI their Gus
TONERS IL is possible that TO morrow there viii be "a
reaction; the only thing against II is the fact that
almost everybody is anticipating such reaction
The majority operators now believe That aiter ech
nuctuation there Will advance Most OF the oper-
ators who sold out to-day woul be likely 10 take hold
again IL there was a twO-eenttumbe.
News Of the condition OF the growing wheat crop IL
sought after Such advices as ars received
here tell OF great damage Most or the
big commission houses have started meu
On horseback through 0hio Indiana, IllIuois and
Kansas ~ gather information There is wide 8heTehce
OF opinion as percentage Of damage and so as 10
whether or not with far weather and her favorable
complete recovery The Mccormick Reaper Company
at the beginning OF the month from estimates OF their
agents figured that winter wheat crop would fan
10 per cent short OF an average. Mccormick & Beebe
on April II announced a. follows: I'VE estimate
the crop Of winter wheat likely to approxmat" a.
follows Illinois and Indiana so per cent OF an avera2t;
oio 0per cent Kentucky; Tennessee and Missouri.
from tie wheat eds are Kept secrs but he is
be "bIli" ON and a large SneF of wheat.
Two million bushels OF wheat ard 1,725,000
bushels OF corn sold the
call" this afternoon. Wheat for May was
carried TO 81 1le for June 10 81 l3is ant for July 10
81 IA IL was created by pane Among the "snOrts -
Law wheat closed at 81 IL, June at 81 1873 July az
81 1884, There was q fractional decline the curb -
Corn WIS roug partly because OF the IA ling of
In the recept and partly because OF strength
about the wheat pit. THIS strength was exhioed de-
spite the fact there rnor a0roa that
An the elevators was "hot" The May option stopped
nj 55a cents cents the figures OF twentyfOur
hours nefora Provisions were strong. PORK moved up
22loa27la cents BARREL and lard and short rios ZIG
10 cents a hunired pounds But these products are
mani ated MeGeOch IL keeping his aiversares the
Euglsh hacking houses commits houses, and Others
less able busy now putting up margins. Whie the re-
eepIs of hogs continue SMALL the demand IRON inc PEG
pie who eat up pork and lard aiso continues suaii