New-York tribune., 1883-11-04
FEATURES or THE CHICAGO MIRKETS.
CLOSE OF AN EXCITING wEEK-PROFITs MADE BY
LARGE DEALERS, AND TIE LANES smORN.
IBY TELEGRAPH TO ruE rRIBUSE.l

CHICAGO, Nov. 3.-FrOm the opening to the
end this has been exciting week In produce specl
on There have been Of cques and syndicatesi
huge purchases and great sales. Smith has had IL upon
undoubtcd authority that Armour had struck hands with
sid Kent and that both had gone with all their money
into wheat The story with all its details the prepara
Ons OF the big Chiefs the horrors in store for their vic
tins, blOOdcurdling 10 the shorts" Jones had
story fully minute with just big traders for heroes
but all sellers. The market to be swamped
with grain longs to DE buried under the wheat.
It has been a distressing week to little betters, aud
TO whatever lambs" may have chanced 10 be
dabbng 1t probably has been profitable week for tho
rich operators There has been trade enough going 10
allow Of their easy entrance and exit and they have
taken full advantage OF the confusion They have bought
and sold huge SCALE and nobody outside OF their
hdants tell what they have done what have been
the results.
There has been great deal said about :" Sid" Kent.
Monday it reported that he running great
"cOner"j Tuesday, that he had sold half OUT tonight,
that he is short OF the market People who know say
that Kent "bullishly" inclined but tired OF buck
ing the market" Whatever operations he induges IN.
they say, will be on the purchasing side They believe
that he bought largely fortnight ago, when the figures
four cents lower than they are TO- night and thai
he has probably pocketed good share Of his profits dur
ing the past six days That he has short or that
he is anything now but bull made mild and tame
through repeated defeats, they will not believe
Commission men say tonight that the market Sccls
cyened up. There signs of decline week; but
the signs each day for fortnight have been deceptive
The st. Lousaus vino have been here bearing" wheat,
have made money this week. They are
returning tonight di,mstcd. They tell me-
said BILLY" MuTIy-wbose yiscissmdes, Ike
those Uncle Rufus Hatch have been many that
he is looked upon something OF an ora.lc that Kent
is doing this doing that don't what Kent docs
wheat is SO low that it's auybOly's deal" And the
shorts" tonight, alarmed at the strength Of the market
all feel Ike saying Amen" 10 Murray who has nos been
short but long"
John Il. Lyon it is said, is preparing for q November
corn deal He has been steadily buying for this month
for long while ana has enough bought 50 that lac G.
squeeze the market easily enough II he but
while everybody apparently is oE Lyons plans
few exhibit much interest in them. Lyon II not
power used be. The great wheat Of
1873, which resulted dlsastrOusy and which broke
only Lyon bat half the trade beside did half
much affect his influence several later and smaller
transactions He bursted IN ls73 because the Union
National Bank which had agreed to carry him, suddenly
shut down ON him. Two years ago, when Lyon
"beartsh on and Deacon Hobbs "bulug" II,
the former cooly suspended payment He made fuss
nor ado but simply refused to pay Hobbs settled with
him and Lyon went again n nothing
had happened. 1t was thought at the time,
simply laid down.; that there reason for hi,
suspenson Again year ago when lAndblom and Handy
were running their January corner, Lyon short
again He got out AN Injunction The thing mover went
trial however Lyon got cheap settlement and sailed
In again. lie slippery that he would not support
enough 10 make deal successful This Is the reason why
his preparations little interest.
About fortnight ago, when " sid Kent began 10 be
talked OF in connection with wheat Poole Kent "
Co. stopped publishing circulars " They too much
in request here at homc said member OF the irm who
was asked why they had been discontinued.
SO they were The circulars of any concern which
is playing much Of part in the market are sought after
by the brokers and others In search of pointers and II
necessary are stolen from the printer. When NcttrOch
running his lard corner everybody wanted % know
what his saying TO ltS customers when Lind
blOm running his his circulars were IN request;
recently until they were discontinued the run was upon
Poole Kent x Co.
Wheat closed tonight 937 for November, 9J2I for
December 96 for January, aud II O3ls for May. These
figures ale. higher than last night but ia under
the highest prices Of the day Corn closed 2d Sac higher
than Friday November at 4s4 December at ~
May at 4S7s Provisions higher; pork 10 cents, 1rd
cents ribs November ribs closed So 10.