New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-05
The CHICAGO MARKETS WEAK.
LOWER PRICES FOR WHEAT. CORN. PORK AND LARD
GRAIN RECEIPTS LARGE.
fBr TELEGRAPH THE TRIBUsE.l

GRAIN RECEIPTS LARGE
fBy TELEGRAPH To THE TRIBUNE
CHICAGO, Sept. 1.-The down-hill movement
in the price produce that began few days ago. Is n-
creasng in velocity Wheat slid down nearly cents,
corn over cent pork 90 cents barrel, lard 10 cents
and short ribs over 20 hundred pounds today
As the prices slipped down the orders increased In num-
her and to-day the first time in six weeks large
speeulatiye business done. The prominent local
GENERATORS were apparently all In the market the
Adamsos Kent, the packers and Armour. Tho markets
were raded Although the receipts Of grain were large
they were smaler than yesterdays; but with dozen
OF the big commission houses selling wheat and corn
and with brokers who are identified, with tue rch
packing houses. Offering provisions IN lots OF any
size all other influences became Insignificant
Cudahy x Stevens the most demonstrate We
seers ~ hog products IL was said that Cuuahy VINO
ia packer wanted to take In some "short stun, ana IA
apr,innary TO buying began selling The same authority
sav that "a his raid continued and the market went to
peces he 20 altered his plans not 10 cover MS
shorts on the other hand putting ont more But there
were others selling for instance "Blly MeIlenry ana
George Ldudge & Company. All the brokers VINO are
pouuarly dubbed the Armour brokers" were on the
.'bcar" side Cudahy by-the-by, 10 brother oil
"Mke" Cudahy, Arm0urs partner. 30 AS the day wore
away the Interpretation put upon the selling by Cudahy
& stevens early in the morning was changed. II was
finally set down the rea seller good deal big
GER man than John Cudahy that he was
no less than phil" Armour There was at
any rate vast deal Of provisions with the exception OF
lard sold and tonight the belief Is common that the real
SELLER OF the day was the Honest Butcher" promi-
uent buyer and shipper OF hogs, who came from the
yards to-day sad II believe that this winter there
viii be 4cent hogs frat put my figures at Ala cents.
but have became more bearsh,' and I'll tell you why.
Five years ago hogs going at zig cents ut the stock
Yards That is too low 10 make hog raising pfontable
The next year the stock was allowed TO run down.
There WIS no money hogs for the farmers The
opd year began the OF high prices for live hogs
stock will run down Il slngle year from neglect. The
bortage will be felt the second season Now It takes
longer TO replace stock Of hogs than IL does for it
10 become deteriorated. have been buying
hogs for fifteen years, and my experience
Fret there neglect OF the hog crop because OF low
prices; then an advance because Gi shortage followed
wears FOR the cntry to get around from one season
OF oyerProdnoiio 70 & "a norr and S sS9n On
per hundred. Then We had 80 PORK aud hogs at 80
and hogs at 81 perhaps under. There 10000
hogs left yesterday at tie yards There Will be
"ts tSia afternoon There were more In existence
than needed because the prices have OF late been
high. Last year live hogs sold at 9eents
The Adanses II 10 believed, bought In large quantity
Of "short" wheat to-day The o'g sellers about the
wheat pit were Crosby Co.. william Young Il Co..
Walker& Co.. Poole. Kent CO., and the entire Hebrew
cnuue About Charley Mar and Lndboom
& Co., began buying very largely OF November wheat
nud n WAS said mat EOuss, Mars customer, ana Lind
bloom had made pool oadyance the November option
In.y were, never simply unable TO take small part
of The atun ole red them There for a moment a
itle rally and then prices swept down again. Provi
s,ous closed at lowest point OF the daY. October
n rk M 81 20 aud October lard ut - l7l2 September
ana October ribs closed SO 47e Wheat and did
not close quite the bottom but nearer good deal TO
the owest than 10 tle highest prices OF
inc day. September wheat stopped at 967s,
no, ober at 0s7s. November mt 1OOos
seIembcr corn at 47a October at 46as and september
oas at 25s Inc local stock OF grain IA store shows an
increase OF wheat, oats and barley, but decrease Of
corn n remarkable feet In view OF the enormous
ceDts The receipts tory wero LOOP cars OF 423
cars Of wheat l5 and 1856 OF rye and
barley very 1000 cars OF grain In ALL The ship
ens we paratlyely small and. judging rrOm the
amount expected out, the shipments tomorrow
likely 10 be small.