New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-08
THE CHICAGO MARKETS EXCITED.
FEARS FOR THE CORN CROP OWING TO A COLD DAY
CORN AND WHEAT INCREASE IN PRICE.
lBY TELEGRAPH TO THE TRIDUNEl

CORN AND WHEAT INCREASE IN PRICE
lBY TELEGRAPH TO THE TRIBUNEl
CHICAGO, Sept IA cold wind whistled
around Change to-day. The Signal Service Bureau pre-
dcted tho approach OF cold weather from the north
Corn advanced. David Dows & Co. were IN fine
feather Tho shorts" wildly about and ware run
Mug when night put stop to trading on the curo IL
was q great day. There little white frost last
night the Vicinity OF Chicago aud more was reported
in Minnesota and Wisconsin, II cool when trading
began the Board. AS the day wore away the wlnd
increased and the thermometer kept falling
Toward evening coat-collars were turned up,
and overcoats brought out. 1t was just
such September day the bulls" in corn have been
predicting just such day as they have been praying
for "Corn within three weeks" said q commission
man. will be selling either at As cents or at W cents
Tomorrow, 1 thlk, will decide It."
The situation certainly not greatly exaggerated
by this speaker There has been very little difference OF
opinion among the more intelligent aud moderate OF the
"bulls" aud bears" on corn Both have agreed that
the growing crop OF pretty large, and that IL
was safely maured there would be vast STOCK OF corn IN
the country The only difference has been that one
party claimed that the crop planted SO late that
It would not properly mature while the other has
claimed that chances In favor OF 1t maturing
without receiving harm. Buyers have been betting
their money on frost sellers have put their money on
September weather. 1t Is altogether likely tha
as speaker quoted above said the bets VIII all be de-
termned tonight tomorrow night hard fr0st In
iowa or Illinois Ohio will settle 10. The dispatches
this afternoon make It almost certain that Minnesota
and Wisconsin corn will be sbltten tonight II It has
not already fallen victim to this prevailing slanODa
wave. might settle the question OF hgh corn or
low corn perhaps this evening by sitting up and watch
lug hs The situation Is so critical as to
be even sensational The weather and other crcum-
stances have been favorable OF late that all the world
save few incorrigible "bps" have been selling
David BOWS * Co., A. NJ. Wright 81 Co, Kershaw & Co.
and few others of this class have been buying
40 the few desperate betters who always take issue
with the crowd because they like big risks and know
that II they win the winnings will be heavy. The great
crowd however has been selling corn. Tho short"
interest is enormous; almost unprecedented. because
not for years been little dread OF manpula
tors and such an disregard OF the danger OF
corner Let frost be reported tomorrow from any one
of the great corn States and there Is certain to
followa rush by "shorts" that will send
"puts" ND or cents bushe. Buyers VIII
be eapng each other Let there be frost tonight
In Illinois aud holders Of tomorrow Will have
nothing to do They need only to sit in their ofces
The shorts will do the work.
They did some OF It to-day. october closed last
night at rs cents To-day II closed she regular
board at asa cents and later the curb. sold up to
40la A high wind Is said to DO prevailing over the
greater portion OF Illinois With such wind It 10 said
| the temperature need not be very low to cause a
corn closed at 49 cents the regular board and sold
M TO 4os. cents on the curb The receipts to-day
400 600 bushels, shipments 47i000 bushels. The
'bullisn" feeling IN controlled the market Wheat
advanced one cent a bushel, mainly because Of the
advance In corn. There large shortage IN
wheat a. IN corn the price Is comparatively
| lower. but stin the wheat market II enormously
| oyrr-suld The alarm among the corn "snOrts"
| sprrad to the crowd in the wheat pit.
| Iue people WHO have been on the "hear' side !gr
months as welt people who took tho "Oear" side
Yesterday began feel uneasy. Ira Holmes, tue Wash
ugtonst scalper." who desperate seller yester
loss ZIG busnel. the gossps said, on three
millions Of bushels lie was the Iarseat buyer; put mo
| whole bear parry was agltdtrn' IAe suorUS COZ
| suited aud separated aud roconvened ana c0nsucI
TLey we're yesterday that wheat was bound toward
90 cents. They were no' certain this Aerpvoh IVA.
| had not wheeled about on its way toward LndDoins
figure II -. On the curb AT nignt wheat was 3 OF
cent higher ihih IL closed on thc rreutI Doal. tuc
October option was selling h 99i2 cents the september
II tue frost that Is greatly feared comes to-
nigui, ndblom's prediction yesterday that wheat
depresscd price Tor fortnight by the weakness 10
corn ana poyisons Without tae-e nili II would
| not have gone low; with them removed
IL Is pretty certain to Increase ia price PIOvi-ions
Of course even more clo-ey dependent upon corn
tan wheat l.. aud naturally tuey were strong AL day
PorA Tonight Is 10 cents Lard 10 cents abd rios
cents CHER than last night september pork closed at
al OIL October az Sll 37lo september and Ocooer
lard AL Is 90 september aud October ribs AT 80 39
Thcrc va. not however around the provision pit nearly
so much STIR In bon wheat aud corn. rho
me wheat rt checked the selling of 'hog product
| Ihor" va, This otner reason that ii should
be- checked receipts OF hog at the yards were
ouly 10000 aud prices 10 hi-her; Dut while
| selling vas checked, Buying not greatly stimulated
| Setber was there any scfambling by the "suOrts."
some iuInent being made upon the Tact tIAt while
Armonr hn ueeu tue eatcst loser b. the recent drop
p proysiona, J0hn Cudahy brother Of OF ArmOuTs
| pattners has been the largest winner While Armour
| has been carrying the product for the world
| Cudahy has been selling H. The former
| /, Aaid 10 nave lost several millions, the latter
to have made something like million There would
be nothing notable the antasOnisuc position OF the
TWO men Al II were TACT that uut recently
Cudnhy mas received his points from Armour, aud Or
lie further fact the quarter OF million dollars he
noasessed sir months ago made by failing on J"
sttsr the great deals OF tho Honest Butcher" But
fortunately for Cudahy he mas been bearing the market
ION ul, own hook" OF late, and In now conceded the
nnnnr ca!ed tho BIZ gesl winner The floor.