New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-03-27
GRAIy AND PROFESSIONS At CHICAGO.
tRr TELEGRAPH TO THE rRrBuNE.l

Chicago, March 26.-There is rainfall
in California to-day, Dnumerable tele'
grams have said. All eyes OF late have
been turned toward the san jose and its
ncighboring valleys just II good share OF the wheat
that goes through here was grown there II was little
remarkabeso much has been sam OF the terrible Cali
forni9 drouth and so much has 1t been used as
." bull argumeni-that the rain there did not cause
more Of n reaction here. Despite the favorable news
from the Pacific slope May wheat closed at night at
IL OO7s-withn r. Of the highest figures OF the day.
and than lc under last weeks close Besides tho
news from California, there came word OF favorable
weather from sections Of Kansas, Missouri and Ohio,
which had been reported suffering. To-day 10 far as
wheat concerned. weather market aud all the
weather news favored lover prices. ,,...,,.,. -.
There some other depressing circumstances For
instance strongest operators appeared to be ON the
" bear" side. Lester * Co ana Slcnols 20. IWe [e
prominent sellers Of wheat and-saye Robert Lind
biom, who announces himself as tn training
for the bull side OF the gram market
the buyers appeared be little nconsequcnta traders
Wheat; under all these depressing creumstahces' eA
~ believe" said prominent Minneapolis miller IN a
81 o. Under the circumstances that exist to-
day think that the speculative surroundings VIII not
Corn sill without any friends, yet today IL stood
| M well considering It's fricndless state and the
report that the receipts there to-day were 500
cars 4G5 OF which graded NO 2 The arrivals here az
a. contract grain The selling OF this grain II NOT any
les reckless than 10 was IN December ast Whe and
L
easily ian a corner in 1t for January 1t Is relatively
cheaper now than 10 was then too Inc january clle
| pajd so Il was said, average OF 539oic.
| Tor it's January purchases and sold out NJ
| about OOc 10 would be easy matter To pick up
10000 600 bushels Of May now at aboat o6c per
bushc 10 believed here among the receivers that e
present large receipts sent here for sale,
bus 10 an sales made weeks when the prices were
"a Zoe. per bushel higher than they are now these
same receivers predict great falling on In the receipts
after April and then q sharp rally May corn cioseu
| tonight at 557ec. Todays range was within sc
| There are indications that Peter McC{eoch, VINO Is
great holder OF lard changing over his holdings from
| MAY into June aud July. IL was said that he was
seller OF the aud buyer OF the TWO latter mOhlns
Lard to-day was active and strong The local crowd IL
very Suspicious of the whole provision deal The mar
ket has been dull for fortnight, yet prices hold up
ten c.ousy. The local crowd has been extremely bear
ish Tor long WHILE but because the market seems so III
explicitly strong, sellers have felt uneasy Ine Eng
| lisn houses still ranged on the Dear SIDE, anu
there are besides certain scalpers who are so heaVy
abort that rumors are every little while started con
corning them but the whole the short side Is re-
gardcd with fear. Provisions said we,-kn0Wn CON-
missun man Tonight" good thing 20 let alone IL
A. fbe ony way i which get the better OF the pack
erD pork and lard closed almost precisely where they
did last Saturday. after having scOred "u
vance aud lost IL again.