New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-03-29
CHICAGO MARKETS STILL ADVANCING.
IBY TELEGRAPH TO THE TRrBUSE.l

IBI TELEGRAPH To THE 1hlbbNE'I
CHICAGO, March 2S.-The big betters and
high rollers who oil ranged on the bear side OF
grain last mig are oaer while the little fellows who
were yesterday Of the opinion hat the bottom had been
touched are handsomely in pocket yet there has not
been any change OF position Lester Co, David Dows
& Co.. sid" Kent and the people OF this same INK are
not whit less that prices re too nigh thah they
were Monday and Tuesday. The ed shorts lost their
courage almost man and covered. Inc " snort ~
trades left OH the books now are those
that have been made within the past week. and most Of
them within the past three four days. stampede OF
shorts cover had most to do with to-days sharp
rally although the stampede would Of not have
occurred If the position had not looked strong II there
had not been "bullish" cables from abroad and bad
weather hereabouts j. b. Hobbs figured as buyer OF
corn but OF the great traders appeared to be
with him. Provisions were very strong, ana they I'M
doubtedly affected somewhat. Corn at night closed
1891 2c per bushe above the figures OF twenty-iour
hours ago. the May option stopping at 572lc.
Wheat showed advance Of lie. May closed NJ
81 1913. The closing figures were in both Instances
nearly the highest OF the day. and about 1c In advance
Of the opening News was received from California that
two inches of rain bad fallen there In the past twenty
four hours and that wheat mad umblcd ABOUT Sc per
busbel. 1t was received here without quiyer Caifor-
MIA will wait long while before che cuts the figure
in this market that she recently did News
of her drouth was received fortnght
The bears cleverly worked tlai drouh for all It
worth. wOnch rain there today had effect at all.
The market advanced p per eel in the face
Of The receipts OF corn smaller today aggre-
eating only $50 cara. hut PA were graded No 2.
Lard advanced l2l26172c nis hundred pounds to-
day. and at Tacting great deal OF attention. The
cohundrIm prOpOunded on ali sides now is: "Wil tie
English houses break MoGeOcb will MeGeOch mulct
the English houses" The local crowd IN pin
mug its faith TO the ScOtchman. There Is no
longer any doubt that the Milwankeean has
changed his deal over from May the month he originally
was buying for, into June ana July. The Impression
get ing abroad mat he was 20 corner" In May.
that option was selling about par with the Two
latter months whic the FRYING charges Il u cents
per fierce. After first depressing June and july lie
bought for those months anu II Is Thought sold May
There are are IN lcatOns that Fowler Bros, and TIE
Chicago Packing Company, are the principal Oppo-
nents OF this DEAL" have been hedging. Commission
men say that iard that they hal bought OF these
concerns wGck for long time would not sett' mp, j.
ringing up" indicating at the "shOrt" sRo' are
being covered To-day t was whispered abOut that Me
frying sell lard. IL going tue rounds
tue pit "a pointer. Singer sold 5000 tierces tue
ScOtchnan upon his BELIEF In the All nds O pro-
visions advanced but lard Is believed To be the deal
and Is attracting the most attention In consequence
PORK closed l2l2 above the cures OF gcn yfonr
hours ago ana RIBS 5dlO cent?. Only 5000 hogs
were received at the stOcK ards.