New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-21
ARALLY IN THE CgICAGO MARKETS.
A SMALL AMOUNT OF BUSINESS, BUT PRICES SOME
WHAT BETTER.
[By TELEGRAPH TO THE TRBUNE.l

lBN TELEGRAPH TO The TRIBUNE
CHICAGO, Oct. 20.-There was one little fail
ure on Change today Messrs. Taylor Luton The con-
Germ formerly did successful business at Grand Rapids
filing their orders through other houses here Recently
1t moved here to commissions II had offices at
Grand Rapids and also No Louisville. The
Z" long on pork and wheat. The suspension did not
affect the market Wheat to-day a typical Saturday
market II aday OF evening up. "ShOrts filled
and longs" sold As there shortage " than
concentration, prices moved up just little. The
volume OF trading however, not large. 1t was
even very small in provisions but this Il has been
wheat closed night at s cent higher than last night Oh
most OF the options November at 9O cents December at
g2a cents May at 1O0A cents The curb was not much
different but the feeling triie hFmer The fuetua-
tlons OF the day were so narrow that glance
shows that the highest and lowest figures Of the day
not p cents apart.
II "a said that yesterday morning " B. Ream short
1000 900 bushels OF wheat He bought all Of it in
cep 300 900 bushels. wheat" said commission man
who has been until the present determined bear" els
within cents of the bottom II may be the bottom Ii is
cheaper than 1t has ever in this market taking into
consideration the level Of and rail freigts People
who buy May wheat at the present price, and put away
and give It no thought viii mako lots OF money. The
men who have made the most money IN this market are
Of this way Of thinking"
tits almost impossible to find brokers who arc sti
advising selling. The feeling here apparently IS
the point OF thmug. NOlulu-Niou
men who fear 10 sell present figures but who hesitate
to urge purchases because buying to be a long
spcculatlon will BE- writing vehement bull" letters
Monday night II any big houses should appear per
slstant buyers, Il number OF traders should
begiu buying with any apparent concert
OF action. There IL other considera-
ton which Is keeping some brokers from advising pur
chascs Big buying by the great operators has evidently
not began yet Such buying. II the old tactics be
followed likely be preceded by raid Little pco
pie might be wiped out, while the professionals are
simply getting IN position to buy.
The receipts of all kinds OF grain liberal TO-
day. OF wheat there were 2l6 cars, Of 43s, OF
oats 80. The shipments OF wheat happened today
to exceed tie receipts but the stock has increased for
this week and 50 has the stock Of corn.
Culahy & stevens have recently been buying very
largely OF January pork Their purchases must
grcate many thousands of barrels Isn't the
buying for Phil ArnOurP Is getting to be- asked The
relations between the and Armour ought 20 be
close for Cudahy Is brother Of Armours partner. It
had ucen said that Culahy stevens and Armour Il Co.
have different sides of the provision market for
long while, nobody knows this. Armour claims he
well fixed on the market at the time OF McteOch's
failure rs anybody could be. He then have been
sort" has been the talk OF this market that jack
Cudahy Of Cudahy Stevens, the biggest winner in
the down Il may out II the secret of this
recent provision panic written that this
betting Phil" Amour's money and not its own; that
instead Of John Cudahy's winning million out Of the
tremendous decline he pocketcd simply the commission
on phil" ArmOur's trades. But because there have
been much gossip and many surmises the recent
purchases BY this have attracted general aten
ton. rhe range OF pork to-day only five cents but
prices started at an advance IN the morning The figures
tonight 10 cents above last nights. Lard is l2la
cents higher and short ribs 10 cents.
There were only 1000 hogs received to-day and the
quality The receipts for the week were Just
100000, less than anticipated by at least 10000 1t Is
felt however that this is simply due To the farmers hold
ing back their shipments. With cool weather next week.
the receipts WILL # expected be greatly increased The
struggle between the farmers and the packers, which is
bound to come the packers evidently do not desire to
hasten The latter have not yet got the price Of hogs
down low enough TO manufacture safely, indeed to
manufacture ut all; but the figures have been all the
while dropping October pork closed at $40 3d. NOyem-
Der at $40 30; October lard at 81 70, NOyem-
Der at ~ % October ribs at So 40, November
at - 20. When In November it is determined
whether hogs 10 cost less than per
pound then it viii be possible TO tell whether provisions
are to 20 up or down.
There is talk of McGeoch and HutchinsOn's going
into January together. IL strong and fraction
higher to-day October stopped at 46l4 cents NOyem-
Der ut 462 cents Oats weak because OF McGeochs
big sales yesterday and the day before October closed at
271s cents, MAY at 81 y cents.