New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-08
a STRONGER CHICAGO MARKET
ADVANCE IN THE PRICE OF CORN. WHEAT, PORK
AND LARD
IBY TELEGRAPH To THE TRIBUsE-l

IBY TELEGRAPH THE TRIBUsEi
CHICAGO. Aug 1.-THE news of corner ID
corn M Ncw-York galvanized into little activity the
grain and provision traders here. The news OF this little
manipulation eheered them They had believed thzt
never again to De any produce manipulation
Corners mad become unpopular here that they sup
posed that they must be unpopular everywhere Hazel
tines corn boom hailed with delight II may not In
speculation corners Used to, orders To buy kna
sell corn may after sil come rushing IN bus ldse
npw the commission men believe they WILL fhe adj
vance of August corn at Ntw-York to-day from 62ie
cents 10 90 cents, unless IL made 10 scare the
shorts who are corralled, fndcses that shipments
from this point are now very little feared There were
some large purchases OF cash corn to-day however, and
IL III 20 rushing through to Newlork to meet August
contracts Hazeltne through nu nber or nousea
mere II IS bought most largely. however, through W.
T. Baker Co. Tbs latter concern has not attempted
TO the figures cash corn or to check
shipments In the past ten days shipments have beeo
large more than the receipts. To-day the actual ship
ment Is Ii 00c bushels, but vessel room wac eogaged
for over 800 900 bushels David Dows Co. aud O. j.
Kershaw s. Co. have been large buyers OF atc and FOR
this reason II was believed that they we're acting for the
New-York clique, but they claim they are not
Tbs resident partner OF David Bows ca said this
afternoon that he shipped to-day cargo OF corn for
Liverpool and advance here OF 1a cents to-day
WAS due rather to the legitimate demand than TO tnc
Accent advance at New-fork
The situation here however, does not wafrine uucA
advance in corn The ship big but not so large
"A the receipts These latter to-day were GA cars.
The prce of corn relatively higher than that OF
any other commodity. With wheat at 81 corn ought 70
be az 40 cents that is unless there Is shortage In fne
present supply which nobody alleges or pfosptct OF
erop failure concerning which nobody can speak now
II one of the anomalies this MARKET how that
very many who radical bears In wheat are Rampant
bulls IN corn There Is they say demand for corn
and equeuty they argue ought TO go up III the
Chicago way TO advance property Is soon rs any BODY
begins TO try 10 buy 1t. but the Chicago way II was
thought was getting out With everything favor
able cargo OF corn get from here TO New YORK oy
lake and canal sixteen days. Even allowing Tor Delays
cargo can get there twenty days There are conse-
four more days shippers got their corn "a
New-York
Casn corn here closed tonight at 5ss cents. Ia
cents above last night II trader had cold to-day &c
cents AZ New York for August delivery he can maze
nothing goes amiss handsome profit ~ S9s.s 70 ges
US Lake o freight y p og On Sosd
here Oh, insurance 0os inspeetien vVt. aosal
eea 5csgSi here at the highest figure Of day and sold
at NewYors ut the highest ngure anu us S H w
inspected all right when ssacs at rsnspecon = tho
rle II 10000 busheof corn are not sent out otne.o
sie ork at fancy figure r will amply because
Chicago shippers and spectators know now s0
an,o aSr @anss ed tie II free here n.s
per cent Of the receipts mere hs msnp
iat,9n according to the modern method aad that tne
insneetiou Office Will be 1xed Better ecrn tnan tho
yorc men ever thought of Keeping IN their own
erehonse viii arrive and will not grads. IL Will DO
little damp or little hot little soft 90 that PROD
a., the shipnents mere will greatly increase
nnysss the september option at New-yorS advances
broker named Henry Warner was iase as Ss,nr
August to-day. II 10 believed tnst nc was pus'nS
IN Testers shorts" 80. ..-.s. 90 xoz.
Oc,oSer nj ga cents. Wheat closed seoia o. CENT
higher than yesterday Of the advance or corn
Provsiops we're considerably higher. Pork wens
nm and closed 20 cents per barrel lard l2s cents sno
short ribs 80 per hundred above Jester
There were only 1900 hogs on hand, about luVV es
than WAS anticipated, bat 10000 were ieu over oes
veser,iay and tney declined 10 cents Inc ass
unnuda