New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-06-09
sV.uU
$4,000
1900
14,4oo
100
10000
THE CHICAGO MARKETS.

SPECULATION IN PRODUCE DULL~-PALL OF THE
PRICE OF PoRK-NGEoCH's CHARGES.
lBY TELEGRAPH TO THE rRmUsE.l
| CHICAGO, June S.-Speculation III produce
was exceptionally dull to-day. The crowd about even
| the wheat pit was small and about the other pits
smaller still. The fluctuations and slow,
and small tho volume of trading that quotations
came along comparatively few and at long intervals.
Provisions somewhat affected by their reported
prohibition from Turkey The amount of American
meats or lard exported to Turkey is too small to be Of
consequence but the action shows that the speculative
scandals which have been stirred up here have been
spread all over the world Even Turkey how'll reports are
true is afraid Of American adulterated lard and OF the
trchne in the pork The latter product dropped 7i90
1Oca barrel to-day and very dull almost totally
elected Lard received support purchases having
the appearance OF "pegging" orders Being made
at intervals, whenever thereappeared danger Of drop
The McGeoch party made such progress, apparently,
In proving its charges against the Fowler Brothers that
some little fear is felt by the "bears 1t is limited, too
that when the Scotchman is through with the Fowlers
he will turn his attention to the other packers here.
luis impression has been encouraged by remark
which he Is reported to have made yesterday. "Doyou
believe he was asked "that the other packers have
made their lard any differently from the Fowlers AZ
don't believe" he said, that there $4,000 terces
OF pure lard here of the tlerces store"
Lard to-day stood up, advanced q trihe, jun
closed at $11 62ia and July at $11 65. June pork
stopped at $1s rs and July at SIS 95. There
were not above thirty brokers in the
wheat pit when trading opened this morning
and most of them were sellers The number did not
very greatly increase the day advanced. Prices
opened just they closed Thursday night but at
declined about 1 cent bushel. Then they were
advanced again and all the options at the
close stopped either at within g of cent of last
nights ng1res There Is ul in the wheat speculation
does not apparently feel like selling at present figures,
F in existence Ts begin, to b barge on sTe
te break 50 thst the figures for July never stay very
tcPated that it will take either great storm
or or sensational crop reports Of one kind or
June closed tonight at l114; July at 113ls and Sep
temoer a Il52 Inc receipts OF corn have been OF tate
but the theory entertained is that while the
shipments are likely TO increase. a. little
large movement OF is said to be the chief rea
son for the hrmness in its price. 1t advanced to
IS regarded favorable for higher prices that the
great shipping firms such as David Dows Co
6T i''q and An prSsOunced Ous oats
oe eceps do not ali iGG s on Pe large shor IN
terest in existence and the fear Of squeeze
tni, s,,i month aud next are accountable for the
the directors before commencing the o.o sg
lion in regard to the testimony Il was TO the effect
that I9asIn5Sh as the question involved 1Se6
1t reached verdict make public abstract OF the testi
mony. To-days session was I'm hour shorter than
yesterdays, and much less sensational good
share OF the time taken up In the cross
examination 0f Duncan Henderson, John Cunningham
and George Euns, witnesses who examined FOR
the prosecution Wednesday and Thursday The cross
examination was conducted by Anderson Fowler and
directed to show that of tue witnesses were
discharged employees. They also asked
what they had been paid for their testimony:
II was answered that they nad
been paid nothing but Lad been reimbursed for their
time. John Cunningham asked whether he mad not
been promised 5000 by McGeUch aud whether
he mad seated different people.
lie answered tlat he had not The crossexaminaon ac-
cOrdng those there, did accomplish MUCH
John Cunningham was not shaken In bis testimony The
two other witnesses, savin and James Henderson,
testified that they hal been employed in the lard
house. but instead OF being about the TANKS they
emploYed about the spigot, where the
lard drawn of They testified that the lard, which
wac made IN the tanks, concerning which Cunningham
aud the others had testified, was drawn OF by them
into terces, whicn branded Prime steam
Lard" and labelled James Wright & Co" Both wit.
nesses said that they had frequently loaded taow ana
eottJnseed oil 10 the elevator and taken upstairs,
where they had seen Cunningham and others empty II