New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-16
THE CHICAGO MARKET STRONGER.
RENEWED CCNFIDENCE-AN ADVANCE IN TIE
PRICE OF WHEAT AND CORN.
LEY TELEGRAPH THE rRIBUNE.i

PRICE OF WHEAT AND CORN.
lBY TELEGRAPH THg TRIBUNE!
Chicago. Aug. 15.-Rufus Hatch is said TO
have recently SAID to Kent: "sid sell out your wheat
and bear until you get 1t where you will have some
help In buling IT," "sd" Kent sold his wheat every
body believes and 10 and behold the price Immediately
begins TO advance little. 1t Is an illustration OF tho
feeling in this market against the big manipuators As
long as Kent held his wheat nobody would help MN
"bn" it. Now that he has dropped it, or that the
believes that he has dropped IT, there has been an
increase in the number OF buyers.
The grain market advanced to-day upon the news
from Newly FORK and abroad With the exception OF the
announcement that charters had been signed for the
removal Of 100000 bushels OF wheat, everything
locally which affects prices was "bearsh" Very
little faith is put nowadays in announcements OF char
tiers. Big engagements have too often been declared
sde, without tue grain going out, 10 have much
credence put auy longer charters The receipts OF
larger by $4,000 bushels including twenty
nine of spring wheat. half which graded No 2
The shipments were smaller only &c 600 bushels aud the
visible supply had increased, 1t was said, 100000
bushels. None OF these things, the announcement
OF the charters tended advance the prices. but those
who blessed with cables announced that the
price stronger aud they fOurshod those dispatches
around. The higher prices az New York Tor gram
aud the recovery OF the stock market more
than couuterbslanced the unsyorabe local Influences
oaly a very ordinary trade done around the grain
pits Lester II is believed took back the short wheat he
put last night and all the lesser "shOrs" appeared
to be somewhat alarmed by the very blsh sdylces
which were received by way OF New York This market
less under the influence OF Wall street to-day than
either Tuesday Monday BY tomorrow, unless there
Is some disaster, the commission Will be
troed by The ordinary and natural Influences ano
produce will be either bought sold according
Wabash or Oregon or Western Union stock goes up or
down.
The provision markets uneventful the grain.
The feeling stronger but the figures went up ana
down according the "scalpers" bought sold Hogs
are tumbng price at the stock yards, and coming In
numbers just but faster than the pack
ers want do There sixty left this
morning from yesterdays arrivals and the big fat hogs
almost going a,beggng The packers say that just
they get order Tor cash. they nave 10 load
the stuff on TO the and otart II on Otherwise
next day after the receipt OF the order
and after there has been tumble In prices along
telegram saving: Please cancel that order OF mine
stock is likely ~ be greatly reduced this month Lard.
however. Is not going out mueh faster than II Ia being
made August advanced Il OF cent and sep cmber
one-ha much The weather on the Chicago lake frOnt
cool tins forenoon. How 1t was in the
corn country nobody very greatly cared. Ram
reported Ia various States, and 1t was act
down as a unfavorable Incident There was a little
anxiety the part Of August "shorts," hence the ad
In this option. The pit was controlled by
such and even more trivial, arguments The receipts
100000 bushels. the shipments about 100000
bushels The closing prices tonight we're theses August
wheat 81 O2i2; September, 81 O37s; August corr 52
cents September 6lls cents; August pork, $l2 l21;
September Sl2 l7i2 August lard. $50 cents; Scpten
Der g. 22l2; and August riDs 6.05 cents.
The story current during the day. and believed by
good many that the Kent crowd Is really very heavily
short" OF wheat The story Gays that Kent sold lew
days ago only what cash wheat Ito had but several
million bushels options Poole Kent Co.'s circulars.
from being very publish" have suddenly become very
nonoommittal aud "bearish"