New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-12
The CHICAGO MARKETS.
FAILURE OF STILES. COLBY & MCMAHON.
BIO PANIC cAUsRD-rHE FLUCTUATIONS OF PRICES
THE LARD INQUIRY.
fBY TELEGRAPH TO TIE rRIsusE-I

THE LARD INQUIRY.
fBr TELEGRAPH 10 TIE rHIsUSE-I
CHIcAGo, July 11.-Messrs- Stiles, Colby d
ueMahoa one Of the oldest Arms connected with the
Board of Trade failed this moraing IL was swampeo
nv the recent decltne In provisions The losses on
sChspse by the suspension light the trades having
been well margined up There moreover no panic
folloviug the announcement Indeed, the market I'D
yapeed making 1t plain that support haa
been given provisions prevent stampede. Inc hrm
has been in existence In It's present. style for more than
twenty years has set down as rich One OF TIE
partners Is asbank president and another member OF
the 1irm. also q NONRESIDENT rs said TO be rich
The failure is significant, however. as showing that
while the recent enormous depreciation In hog product
has been endured quietly and phlegnacay the financial
hurts have been very serious. The frIn believed 10
have been long good deal OF product for Cincihna1
customer and 1t s thought that the FAILURE was the TO
su Of the failure Of Cincinnati men 10 put up the
money they had promised receiver mas been sp-
pointed The packing firm Of Jones Stiles, which Is
very closely allied with the unfortunate house is not
Is announced affected by the suspension,
The fluctuations not guile ~ wide to-day as yes
terday about any OF pits but they were not by any
means narrow Between the extreke prices OF PORK
there was zoe per barrel differences ana the high
est and lowest figures lard were 15S2Oc. per hun
red apart This tossing of prices mp and down was as
difficult OF explanation yesterday The failure
in the forenoon had little anything
20 do with it. Indeed prices advanced
after the announcements remarkable thing, In view
OF the fact that Stiles Gody and Mcmahon were
leng" hog product The receipts Of hogs were $500
head PORK closed 10 cents per barrel above last nights
eures lard almost NJ nights prices short ribs
cents per hundred below. July pork closed at S13 80;
August at s13 rs: July lard was shipped at So 20 4;
August at So 67a July ribs at 81 o5 and August at
81 is.
rhe reports from DAKOTA Of partial failure of the
sprfns wheat crop the valleys Of the Jim River.
described In these dispatches the best wheat land IN
the Territory are ON the increase Rooert Lncboom
Co had the reports yesterday To-day there Is scarcely
house on the which s not In possession OF one or
nre This news is poured IN here az If the countrys
spring heat crop Ali planted along the banks OF
Dakota's Jim River. Whoever is operating this Jim
y,tver ne va bureau might have been satisfied today
h could have seen reports In the hands OF three
uxrtrs Of the grain traers here sucs did not have
the tclegraphc bulletins learned all aoout
them. aud on these Dakota rumors wheat was
advanced haze abusbeL The September options sold
nm To 1924 The highest prices not sustained,
Seweyer ana the closing hgures lie. bushel under
ne bighest and Just little under those Of last night
1oIs He cupo afserwsrd was weaker asd lower
ospatch received from Ncw.York repeating the
rsnrf su out which declared that charters
bad secured tns eayors Of nGses q
sswYoss and sSs ,s the as ios today s
wers less than the receipts by nearly 100000 bushels
The closing figures 4c under the highest OF me
day TODAY first time tbs year, tie May option
OF next year quoted. There was, OF course very
little trading in H. aud movement Of the figures was
erratsc. IL opened at 40c. and went up to 43c and
josel M 44iac Juy option closed at 80 ssc the
August Sic, and the september AZ 5o'sa July oats
The The Beard Of Trade directors VINO are trying the
FoWlers upon MeGeochs charges have hit loon clever
WAY to clear away the contradictory statements OF the
experis- They have prepared themselves seventeen
epecmene OF ards and have submitted these TO nye ex
rrs selected from known OF those called by the
fowIers aud McGeoch. With the drnaad that my vel
them wna the lard contains III Profe sor Dea1ontalnt
can ie the directors what they put into these speci
mems will ra the nigh priced Fowler chemists
90 tessincd they could nos anaIyz ~
lard they did not believe Desafontas ne could