New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-21
FEATURES OF CHICAGO MARKETS.
CORN, WHEAT, PORK AND LARD HIGHER - A
"sCALPER" IN A PANIC.


"sCALPER" IN PANIC.
lBY TELEGRAPH THE rRIBUNE.i
CHICAGO, Sept 20.--Corn closed on the "call"
cents higher than last night; wheat 1S1ia cents
higher and pork lard and ribs also considerably higher
The feeling the tonight considerably weaker
than just at the Close and prices some lower but
the weather bureau out In bulletin predicting FROST
The situation Is consequently much mixed, aud prophe-
sying especially hazardous Wheat led the dance on
Change. The trade in IL larger too than In corD
The causes for the advance OF two kinds class
being such to make believe that the movement
up only temporary; the other class the other hand
being such should make the movement permanent
Ira Holmes, "scalper," who has been selling
great scale of ate, became alarmed, 1t is said
and covered 100000 bushels Of short wheat
He has been selling for q week or more
He got SHORT" such line that he street "got it."
He began buying preciptaely that he started the
figures up His orders started, 1t is believed today's
advance. but there were better when the adj
began which stimulated It, The "loadings"
OF In the country with wheat dropping OF The
advices from abroad indicated better feeling. The
weather wet, fact which always strengthens
wheat-though why in the world 1t should do one
can explain Then there other shorts" in the
market besides Holmes. A big lot of grain bought
To- 1t is reported, for the account Of NewYork Shorts"
September wheat closed on the call &C "a, October
oslo November at o. On the curb the figures dropped
ss9a cents lower 1t part Of the gossip that
McGeogh has made $4,000 since his failure selling
wheat "short."
There have been rumors to-day connecting David
Dowd & Co. with an October deal They are, how
ever improbable The rm has been buying large
quantities, but has been observing secrecy. 1t has
probably shipped large share OF s OF this grain
gone Of here Corn for September closed the call
5Oa. for October at 5o and for November at 49Os
These figures showed advance Of cents per
I'M he fort he of ont NJ
decrease, while the shipments apparently the
increase To-day 100000 bushels went out-more than
double the receipts The decline OF LA 4 cent on the
curb tonight indicates the bulls have crowded
| things a litte but II the Signal Service Bureaus
| predictions OF cold weather for Tomorrow
| aud frost for tomorrow night are
| realized the advance Is likely to continue
rather than to be lost All the grain markets exceed
ingly sensitive. There has been such absence OF
manipulation and little dread OF It, that nine looa
operators probably out OF ten have sold for months
mas been necessary sell produce to make money, and
consequently great shortage III existence. The manp-
uators too much scared TO avail themselves OF the
stuatIon but appearance OF another frost will pro-
duce just much OF sensation ss PnlI Armour
TO appear az buyer There are also pretty certain
bulllng wheat at dollar aud carried u up TO II 10
but which continued also to bulP II all the way down
FROM that figure Is buying again The syndicate was SO
wrong When IL predicted l20 cent wheat Tor July
that its prestige Is half gone but "sd" Kent Is still
| There Ia big trade In oats. Nearly half millol
bushels changed hands on the call Tney are as muei
oyersod wheat As Their Is a good deal sharper de
| mand for them they even more nkely 10 ADVANCE
hours hosr G aSo%oeSober At ia cents. '1..
The receipts OF hogs are railing on, as was predicted
and moreover. the demand by the shippers has beer
such that the price advanced at the yards cents to-
day Only 900 received. The packers are still
covering their shorts" and the market consequently
IA steady To-day IL advanced 15 cents per barrel
on pork aud cents per hundred LARD and ribs
This rmness Incident to the large purchases oy the
"shorts" Ia having excellent influence the cash
demand. There were over three and bali million
pounGs Of cured meats shipped to-day. large share
OF tins product bound for the lumber districts With
| an advance IN corn, II II comes. provisions
| are likely 10 advance too. The situation Il
critical now Even the bestposted men In the trade
are as much In dark the future OF prices as
| a frost aud another big in will almost GER
tamy affect pork aud lard This Is one OF the seasons
a very few Of them ar0und-when the outsider Is
lust az well equipped statistics as the lnsider Just
before the close of the war. when pork selling al
SO Der barrel packer the country one oil
Two was buying aud predicting higher prices- They
were all beaten by the outside public IL Is barely posi-
bic that at this juncturc, when provisions experts
are all beaTls, the ignorant and gueess country men,
| who are most of them "bus =" may be right
Pork for October aud November closed at OSO lard OF
October closed at 795 ribs for the month 5S5
The most notable change In prices was the advance In
| the November option OF pork. Liverpool parties ope-
rating through Alexander Geddes own nearly all the
cash lard here They had bought for September; but
al the first the month changed it Ii they pay
| for IL and take It away IL will cause stampede.
ArmOur's corner" in hams, although snectng slngy
Tie consumer, is getting little lighter all the Time
| Anybody who wants hams has 10 go to Uncle Phil.