New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-31
FIXTURES or THE CHICAGO MARKE7s.
AN ADVANCE FOLLOWED ny A DECLINE IN WHEAT
"A DULL DAY IN CoRN-sMALL ADVANCE IN
PROVISIONS.
rBr TELEGRAPH TO rHs rRrBUSz.l

lDY TELEGRAPH TO THE TRrBUSgl
| CHICAGO, Oct, 30.-Wheat to-day, after being
strong during the day and having stool for the biggest
half OF q above last nights closing figures weak
ened at the end and stopped about u cent undei
Mondays last quotations The feeling last night that
Kent trying 10 sell. The popular belief tonight Is
that Kent has sold the most Of his holdings. Kent
realized the crowd has the stuff" is the popular theory
1t is reasonable 20 believe that Kent has sold great
many millions OF wheat without breaking the market
that he bought great millions without advancing very
much.
The people who say that Sid /" Kent and perhaps his
brother, A. E. Kent and possible "Pp Armour, have en-
tered the market wheat bulls probably pretty
nearly correct but IL Is safe to say now that the people
who from this until the facts have become matters Of
ancient history will pretend say when these big opera
tors buying and when they selling how much they
have bought and how much sold, know no more about
what they write than the people they write for
Wheat looks tOnig, little gToggy" The receipts h8ve
increased, and to-day there 321 inspected ill.,
The shipments continue insignificant comparatively.
Upon the exporters and some others who familiar
with outside affairs the failure OF Ranger the Cotton
King" has very depressing effect II is said here that
he besides being short Of cotton long OF wheat and
that the latter had perhaps as much 10 do
In comprising HIS downfall as the former.
The exporters declare almost unanimously that tho
Liverpool failure is likely TO have very unhappy nfu
upon the grain markets of the world and Is likely
places to make It's appearance ChieagOans know OF Ran
ger Two years when half the big commission houses
had been nviegled into getting the "bIl" side Of
cotton the Liverpool a great bear" and the
"bear" side won.
the gossip of the present furry about the wheat
pit IL this Hutchinson OF snc Corn Exchange Bank IL
said to have had out big line OF short wheat SID
Kent who equally interested with Hutchinson In the
same bank and has for years been partner IN the chi
cag0 Packing Company and other enterprises pat the
screws az tile lime that be lid largely because "Old
iutChs' great line or "shOrt' sales prom
lsed TO make squeeze profitable II IL not
matter OF gossip merely, bat certainly fact that Kent
ana Hutchinson ayebeen opposite sides of TIE market
that Kent has apparently made money, and that
" Hutch" has lost good deal Hobbs tIe largest
buyer Of wheat IN the market at the close Of the day. The
November option closed at 93is the December az 05 IL
the January at 965a. and the NAV at lO35-
Corn closed tonight Just II did last night. The day
was duh one 30 dull that less than 100000 bushels
were sold on the call" Lyon BOUGHT good deal Of No
Vembcf corn. IL Is generally felt that there IL IN
great speculative opportunity that the demand sharp,
the stock small and that with sharp spcoulaOr behind
II great advance could have been engineered; hut
everybody admits that the sharp spcculor, who l. to
nun the deal Is nowhere round The October option
stopped nj ~ cents, the November at 41l May at iS2
Notwithstanding there 5000 hogs reported al the
sochyards prices there were higher to-day, and little
revival OF speculation made the prices ~ prOsinct
higher Change The advance in pork very tiing,
and very small In lard November ribs advanced 80
cents per hundred, and closed az IS 90, Singer bought t
said, 10000 barrels January pork to-day AMI has
turned great " bull" Hutch" i. "hcar.' October
pork closed at 10 30 November &C l027l3 January az
HOP.