New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-07
THE CHICAGO MARKET REAX.
PORK DIFFICULT TO SELL AND WHEAT LOWER IN
PRICE-THE PRICE OF CORN UPHELD.
DIE tn III

IBr TELEGRAPH To THE rRIBUSE-I
Chicago, Aug. 6.-There were rumors to-day
OF big failure in the dry-goods trade at New-Yort and
news Of bank failure in the East Hog products which
have been held so tenacous people who have put up
margins up N margins let or rather dumped BY
commission men because the customers had no moro
money left The packers sellers apparently OF tho
distant options OF pork meats and lard. There were
600 hogs at the stock ards when the buyers got u
and looked out over the pens These were the things
which combined to make IL -bear" day In nearly all
the pits on Change send the price OF pork lard and
meats over each other down hiand TO make wheat pos
and oat bulls, and even corn bulls, very sad
week ago to-day the arrivals OF hogs at the yards
were larger than estimated. Twenty thousand
animals came In whereas 1t was propaesed that nos
over $4,000 would arrive. To-day the receipts were
smaller than the estimates but only because the FORMER
were made very liberal. There were only $4,000 In the
mems but each animal was lit to be prize winner and
all were so fat that of bacon offered premium
FOR -ships" or lean hogs. TIE packers all seem de-
snondeut although there are who are OF the opn-
ion that Philip Armour is milking" the crowd, that
after turning priced hogs into lowpriced product
after losing great the Cash property which ne
1, making all the while at the rate OF S2oooCo WORTH
zach day and that he has turned to bearilg the prof.
nc. 20 BY s Sayng But the most Of packers
psreptly really dcsI ondent over the situation c,..
had 1000 flerces Of lard," said ~trank CuIons
rowIers manager 80 sell Saturday. At ordinary times
conld hnye made the trade myself In thirty mnutes
was get three four 70 pu Han
ne much IA wanted sell not 70 break tue MAJ Ae
10 pieces This morning had 5000 tierces 70 sel >
ave- m my effort get my figure, taken ZVvo terces'
and now have 10 sell 5000 instead OF 2Uo0 tierces
The provision pit was never NOR, aein"fan1e"'
I" How do the packers stand
"They are nonpIussed most Of them have been IN ana
out of the market hafdozen times T1ey nave tuovkns
,bst botfom was touched, have bought, prices pave
ayered they have dropped their load ana waited TOT
better chancf. They have made mistake aler m's1ks.
losing each time. Tbe marker Goes not oos
anv b.fer now than IL did when pprK was az anu
Lard M so Pork ia - per barrel cheaper tnan u was
nine days ago; and lard and ribs AGENTS. per ponnd
lower While they not likely 10 advance muon 80
long as hanks are alarmed while failures follow eecn
other every few hours, and while speculation l Que
dead conservative 90 orators acknowledge tnat sennSs
becomirg more and more ana huylng less ana U.s.
hazardous Pork may crop 70 below the very oweS loves,
no INF M which 1t sold ~ aud ~ per paIrei
but it IA not likely 10 with hogs Al nearly 20 snS
earn ne so cents. August pork to-day noppea
ar 81 05 little above the lowest figures OF tne
and september at $12.70; August lard ~ $50 anu
sen,rmber al $3.50; August ribs &C S6.0o. u provr
sions had not beeu so week IL was mopuay anu 0A'S
ouentiy a bad day for balls $500. no..,..
Sho,Y, Ihe wheat pit wheat was cheaper because
tbe reeeps were larger and because no poIus
made a few were emboldened TO sell Tor August WI"
have been timid IN face OF Kenrs promises 70 EMP:
Wheat was not, however. weak. Auguss
dropped ONLY ssc September only @c per bushsL Corn
dd nor drop at all. II was firmly hela "
David Dows co. and Kershaw Il co. "fas' Armous
lenies thc correctness oil an interview wnch appe.
in RE GLieaoo Tribune sunday in which he was male 70
nats a IA wage onslaught upon the Fowler Brothefss