New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-23
FEATURES OF THE CHICAGO MARKETS
GENERAL HAzEN's PREDICTIONS NOT FULFILLED
ADVANCE IN GRAIN-THE PROVISION TRADE.

GENERAL HAZEN's PREDICTIONS NOT FULFILLED
ADVANCE IN GRAIN-THE PROVISION TRADE.
tBY TELEGRAPH THE TRfBUyEl
CHICAGO, Sept. 22.-The sensational weather
predicting Thursday night frost Friday and
Saturday throughout the Northwest and far South
has been proven false The who bet their
money Oh 1t are not great osers Fortunately the mar
ket was strong, despite mild and clear weather; but
they have to be grateful TO the head OF the
Weather Bureau for their escape. The dispatch sent
out from Washington Friday morning, which was
loaded with the startling words. "Giye widest
possible publicity" has been generally criticised
to-day The Signal Service Office, It is argued ought to
be conservative a fault, and instead OF sending
predictions which are designedly sensational should
frame their prophecies to disturb people as little as
possible II remarkable In view Of the fact that so
much stress was laid upon the weather bulletin last
night that when this morning the air warm and the
sun hot, prices did not break badly. There
would have been nothing surprising in
such reaction, for the disappointment OF
the "bulls" was intense. Corn did not however,
break at ALL wheat either. There was just little
drop In prices nc the opening. but they rose again
and tonight all kinds OF grain are higher
than last night. The strength Of the market
under such a disappointment as the weather
authorities treated it to due partly to the fact That
General Hazen from his Washington eyre. still per-
sisted thahewas all right only little too preVious
that his frost was fact route IL little behind time,
and partly to the enormously oyersod condition OF the
grain market Some of the Shorts" although In nne
feather the cold had not made Its appear
ance did not feel like going over Sunday unprotected
They bought steadily and their purchases just little
outweighted the depressing efectsof Hazen's fiasco
The action corn next week will depend as 1t has
during the past four FIVE weeks, entirely upon the
weather. although this 10 having, as each week passes
less and less do about It. Wheat likely to be little
Affected fayoraby or uufayoraby by the temper OF tho
huffa tre1v To irnnr
Of wheat here Increased 100000 bushels last week
but the shipments toward the latter half OF tho week
were pretty liberal II prices remain hrln, especially
there is a little advance. the shipments are pretty
certain to increase largely. They were over 100000
bushels to-day Tho stock of corn decreased over
900 900 bushels during the week. aud that too although
the receipts 900 900 bnshels Inc price OF
corn, however depends upon the condluon OF tue
present growing crop more tnam upv arS pn oar.
are strong while everything else Is weak ahu SoVu
sale Judges are predicting 80 cents for them
Ills possible though not probable that there may DC
decided furry In lard October Every pound OF the
200 terces in store here Is owned by a Liverpool
Clique and 1t darug enough 10 take TINS properly
and ship all out II al loss, Ihere WOud result
MIGRATING through 1ieddes KrkwoOd and A. s. White
.E Co, and has owned the lard Tor some months.
IL Is the clique tna fought so desperately against
Mctcoch's corner ana which made a million dollars
out OF his breakup IL took inls shorts h9W%ooVosr
M pretty good figure aud has sunk, u Is SAID S3OoOOO
OF It's profit already on the bull" side Last MONTH
instead OF taking i's pr9pery ana piys ,o sn ia
expected next month Phil Armour to-day
said 10 TRIBUNE correspondent; There has
hc"n a great deal OF talk since McGeochs
failure OF the enormous losses OF the Chicago packers
iii All rot Somebody Is quoted as saying that nave
osr - 900 900 In the decline on hog product ~ woud
not be- necessary for INC 10 make denial II
mad lost $4,000 O0 but the truth Is that WINE was
Xorth Tor the three weeks following McGeoch's failure
or concern collected hundred thousand dollars
in difference There was nobody better liked on tue
narLets bur none OF the local packers such losers
as was reported. Not packing firm failed, except one
W. ION had nut a quarter Of million dollars III swamp
land- The chicago packers have lost Ia the decline
wnch has taken place IN provisions their anticipated
prohts nothing else. Our own nrm was TWO million
dollars ahead ON the years. business when McUeoch
bnrsed" ,.. - , ,-..hor
II has only been recently learned that g. kerahaw
a. co collected their claim against McGeocn IN
l SURPRISE Ia expressed at this because others Win
Isrger claims made sacrifices that the comprOmlse
% through the distress OF the trade be relieved
Kersbays claim was IA little $4,000 aud ne was
or tho CREDITORS besides the Union Natlonal BANK,
who held out for 100 cents the dollar.