New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-12
FEITUREs or THE CHICAGO MARKEES.
DECLINE IN WHEAT AND PRoyISIONs-ADvANCE IN
CORN.

DECLINE IN WHEAT AND PRoNISI0SS-ADVANCE IN
CORN.
CHICAGO, Nov. 1O.-Wheat is y cent lower
than IL was twentyfour hours ago; corn IiGl2 cent
higher There weaker foreign cable dispatch
ceiyed this morning and the receipts lugrr-two
circumstances which account for the direction prices
took. There large volume of business transacted
in the wheat pitt but the session altogether without
incident That there were no very exciting episodes Is
shown by the range Of fluctuations, both IN the
prices of wheat and corn. The former moved up and
down. mostly is rue, down but at the close OF the day
-athOu IN there had been tremendous shouting IN The
nit and more OF Il In the alley after the close and,
although many millions Of bushels bad changed bands,
the high and low prices of the day were only . cent
apart This the exact truth too, concerning corn
the only difference this that, In the wheat pit after
very stubborn contest the bears" had little
mastered the bulls in the pit the "bulls" had
gained trhing advantage over the bears"
The predictions of the railroad men are already being
partly realized The receipts of corn to-day pretty
large 1886 ears, and of wheat fair GAS cars.
The week closes with wheat FOR November 1T 90i3
cents for December at $685. for January at 97 and for
Nav az 81 O4s OF the Scent advance winch
gained, half has been lost. The local bears who be-
came an at once very quiet and conservative all
again radical aud demOnstTatiye, but the speculative
situation is still very different from what II was when the
December option was under 92 cents Wheat winch was
then inactive is now very largely traded IN
The large receipts Of corn and the prospect win iar
weather OF very much larger receipts on Monday and
Tuesday kept corn within very narrow limits to-day.
large operators took up position IN TIE corn pit
and thil together with the little anxiety which h felt lest
next month or this there may be little squeeze, gond
have put prices up had not the receipts been large.
The radicals here are to " bears" ON wheat and
"6ullsp on corn The easy increase in the arrivals Of
corn whenever 80 cents is Appropriated, Is proof that
great lot of old remains in the country yet There IL
certainly nobody under with strength enough to
It. This grain closed tonight at 49l2 for No enber,
Aga for December. and 507s for May.
Oats closed at 329s for ayast nights figure exactly
The receipts of hogs this week aggregated ls3297,
moro than the packers predicted The prices IN
consequence declined lO@ cents ana hogs are nov on
bulk of the trading between - 20 and ~ Co. The present
prices Of product the basis OF 4cent hogs Ptoy
sions were, during the week. pretty strong, weakening
only little toward the close, out OF sympathy with tho
break In the price OF live hogs. The packers are nat-
rally acting In concert at this season They tax hear
shy" with other motive perhaps than 10 affect the
price Of hogs. Spectators, not Manufacturers are OF
the opinion that pork Lard and ribs are "A good deal
cheaper than they viii be in January but that posi-
bly, 1t may take money to protect long" trades between
that and this. To-day the range In pork was only 10
cents, December closing at $40 s7l2 and January az
Sill 47 Lard closed, II did last ght ribs 22 eeDts
higher.