New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-09

SPFCULATTON ~ CHICAGO.
A DECLINE IN GRAIN AND PROVISIONS.
AN oyER-sUPPLY OF wHEAT-THE CORN-PIT MFG
LECTED-ARMOUR'S CORNER IN PORK
lRY TELEGRAPm TO THE IRIBUNE.I

lBY TELEGRAPH TO THE rRIBUNE.I
CHICAGO, Oct. S.-This has been bear
market for weeks To-day everything dropped-wheat
nearly zig cents nearly cent, oats small frac
ton. Provisions tnmbed too pork from l2ia to 80
cents per barrel lard from 79 TO l2l2 cents per hun
dred and rb from 122 10 20 cents per hundred Every
body was selling wheat except some other more fortu-
nate and earlier sellers who buying aud pocketng
their profits The big "short" sellers to-day were
Lister & Co., Smith, Mccormick & Co, aud Lind0loom
q Co. The latter concern was selling May wheat
Cable dispatches were received to-day by one of the
above mentioned three from Liverpool to sell wheat
short for the account of Engshmen who loaded up
with grain home. bon yht at high figure Tine stua-
ton in England said to b. extremely critical for the
grain traders The stocks are large, bought, too at
prices higher good deal than present Tue demand
is Az far behind he supply that relief is apparently
good way off aud likely be good deal longer delayed.
also. by the drop in prices this side the water.
les here to-day made cable orders from the other
side were not "short" sales but hedges against
stocks held there Wheat for December closed tonight
az 95lsc Three-quarters OF the local crowd are taking
90c for this option, although few are buying Tor
temporary reaction. There would be more believers In
a reaction after sharp decline 1t were not for the
fact that prices dropping not under speculative
influences but because stocks increasing with no
corresponding demand. When shipments increase the
decline Will be checked when they become equal to the
receipts will stop; when the shipments exceed the
receipts perhaps rally Will come. There was report
to-day that bushes of wheat mad been ordered
shipped that vessel could be obtained FOR only
10000 bushels 1t was also that Of tho ele-
had offered one of the owners OF wheat rebate
OF . cents take out some old wheat
Corn declined probably all the other markets
were doing same thing II did not decline, wheat
did, because there demand for 1t; because tue
shipments in the last fortyeght hours were nearly 40
600 bushels and little exceeded The receipts Neither
did 1t decline because the majority OF spectators felt
"bearish" it, 1t negectel, ana wnen corn Is
attracting little attention Its crowd generally partakes
OF the mood OF the wheat crowd
October wheat closed 10 night at 92c, November at
93Isr December at 05lsc. October eli sed at
465sc, November at 40iac October oats stopped at
204:. -
number of dispatches were received from NcwYork
to-day saying thar IT ruinored there haC proml
ncnt house here in trouble IL was soon disclosed
there trouble; out the kilograms nc first
created htte uneasnesS
The drop in PROVISIONS IS, say the traders who nave
manipulation after another come III aud 60 out
during the half dozen years, simply the usual Hue
tatipns or Armour corner The Longs" WAC are
old in the bus nesa-aDd Old hands are most OF them
"lOng"-hang and buy at the decline. KIDS
An inspector slys that one day last week. Thursday
Armour shipped out forty cars OF r1Ds nom MS hol5e
mere and that nearly hly cOOpers at work at his
estab shuent fixing up pork barrels dy for ship
ment. The shipments OF ribs last week were 30 lagend
b. October IS there Will ribs at ali in town.
They be made and squeeze. 1t - claimed Is lney
table. Among the believers III inns lnanpulao ION th1
theory Is gaming ground that pric In November wiz
be even higher than IN October R9s now cannot even
be made and cared for November delivery: MIN pork
this is different Killing AID packing begin Noveh0er
l. As for lard there difference OF opinion IL can
be made at any Time and Is natural that the price ior
October snOuLl lie relieved.
PORK for OCTOBER closed a. go so for November ct
Sl035, and for January at $40 % Lard closed at % III
for October 81 i2I9 FOR November aud 81 529 for Jan
uary ldos for October closed at 20 10 and ot Noye
Der 70 77l2 The warm weather which ~ prevs'ent
may cut figure 10 the provision deal II ll haa re-
manned cool partly cured rios might nae oesn sen. 20
HI the whcI only he nled ny fuly cuteu
meats, and these al Ia BIZ Arm0uPs warehouse