New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-07

A SPECULATION IN OATS THAT ADVANCES THyfa
PRICE-wHEAT AND LARD PRICES MAINTAINED.
IBr TELEGRAPH TO rHE Tribunal

A SPECULATION IN OATS THAT ADVANCES Tnyfa
PRIcE-wHEAT AND LARD PRICES MAINTAINED.
IBr TELEGRAPH TO THs Tribunal
CHICAGO, July Goats advanced 2Iae. for
July delivery to-day because of liberal purchases By O.
W. p. Harvey & Co., VINO recognized the agents
for Tyne OF Peoria The latter sad 10 be buying with
all his might for July and TO be medtatns such another
squeeze" for this month - he engineered last
The Peoria deyotes himself oats aud 10 set
by most traders here conservative man; one who
first informs himself thoroughly upon crop pros
pects stocks available and 90 on, and theo
buys within his means Tying who IL
here predicts advance Of 10 cents this grain
July because OF the greatly oversold condition OF
market and the laeness OF the There wiz b. lac
oats here tns month graee. The sudden
advance to-day brings this grain into prominence and 10
is not considered unlikely that last years experiences
may be repeated. Tying tn 1882 manipulated two
mouths and advanced both June and July to about
81 cents. Only recently n was RI.
mored that the Pcorian had lost very heavily
by being "iong" In his fsvcriie grain during
heavy decline. The story has SINCE been pro-
nounced canard. Whatever money no lost on ions
recompensed "short" corn, and the yarn
that he had sunk about $50oo and compelled
mortgage his property. was without foundation He Is
In the cat PIT again and buying with hs oidme courage
Tie events OF last Isly and of last June are making
sellers cautions and "ehorts" nervous. July
oats closed at 35is cents Messrs. Poole, Kent
* Co. have been such heavy buyers OF coru
Of late that they are the marked men
Of the other traders big aud tlc In the same pit THIS
concern was, TO few weeks "short" bus 10 y
the im preston that Its shorts have been covered
and big line of property bought for August aud Sep
TENDER. The purchases OF this nrn aud tho shipments
since last Tuesday, which aggregate s1600O busbcs
and exceed tho receipts by 100000 bushe sfcucd the
market IL closed AS1A above last Tuesdays figures
Wheat moved up And down through
. considerable range without very much
apparent motive At tune during tbs
day Ia above the olose Tuesday stopped
mt night, however, only hS% cent above Tuesday.
F" II ssems to me-" said one on-iooksr who laspec
pit that the scapers bent upon making their lrh
Of July expensca / hear better for the
rises and fallA" There other excuses however.
Some said that reported drouth In the splfns wheat
oountry partly responsible. but II this vas the
reason there have denial Of the dronth
In tho afternoon, for prices fell Then alxndeanc<
put upon purcnases to u considerable amount by
Msssrs George G. Walker 4 Co. bat tho wheat maxkas
well rs the provision market was featureesA
Jaly wLsst slapped At 99t; August atlcl q; 5eptom
Der ut l03 Pork at one tne during tho DAY advanced
20 per hundred pounds but the little anxiety OF
which the ngures up aayed aud nsdrcs
dropped almost exactly to who're they stood last
Tuesday night. The shipments Of lard continue very
large not less than 1000 Heroes having bson shipped
IA the last ssyeutytgo hours Tho rcceipts of hoSs
10000 July pcrk closed % 10 csat and August
a. 1873 cent July lard At 600 osatss aud August a.
At meeting OF the creditors Of Msssrs NJ g. Nosols
Co to-day proposition 10 pay 80 oasn and 70
Per cent 10 four months was accepted