New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-14
THE CHICAGO MARKET WEAK.
A FALL IN THE PRICE OF PROVISIONS AND CORN
INTEREST IN STOCK sPECULATioSs.
lRY TELEGRAPH TO me tribune

A FALL IN THE PRICE OF PROVISIONS AND CORN
INTEREST IN STOCK sPECULATioSs.
lBY TELEGRAPH TO The TRIBUNE
| CuIcAGo. Aug l3-There were larger crowds
this morning about the blackboard giving the New.fork
o'clock quotations than IN tho alley Moro curiosity
was shown a. TO how WABASH northern
| Pacific and Western Union were going TO
| act than over the prospects for wheat, corn
| and provisions The Board Of Trade on Monday
does not open until 1890 o'clock There 10 usually an
hour OF desultory trading in the alley usually attempts
by some bull 70 start the market of with whrl up
ward or by q "bear" to give II sendof which VIII
mako IL certain that the figures will be lower before
| nightfall There was no "monkeying" this morning
Every body wanted know what Willard and his friends
were going to do at Now.York-how the Gould roads
were to start When everything opened lower on the
New-York Stock Exchange and without any
hating began to drop. IL was foregone
conclusion that everything would be lower
here If not carload OF wheat had arrived. and even II
share OF the local stock had gone out f there had not
been half enough hogs at the yards 10 satisfy the de-
maDd and II half the provision warehouses had been
empted all would have counted for nothing
This market stands In dread Of panic. Ordinary
Influences have gone down before the alarm over bank
falnres stock depreciation fears OF new disasters
provisons suffered the They opened relatively
the lowest and dropped relatively the furthest They
have been the most talked or the most speculated In
pork closed Saturday at Sl2 35 and October
AZ $40 So Tonight September closed at Sll 30 and
October at o22 II dropped 40 cents lara dropped
17loa2Oc per hundred, and ribs l5S2Oe The appear
.nce of Armour as heavy seller OF provisions
and OF Kent seller OF wheat were
the features Of the day. The former q fortnight
aoo predicted that within ten days ribs
would advance a cent pound and lard half cent.
They have gone a. far back lie predicted they would
On ahead Robson Bigelow appeared "a bis brokers to
eov and sold everything tho list for what they could
cet for IT, There 10 "bulling prices 20 sell on
the traders had stun TO sell could afford to make no
hid Pork WAS for sale in 5.000bsrrcl. even 10000
barrel lots The men who accustomed when they
want 10 sell $50 barrels OF pork to bid for 1000 barrels
which they don't want today, dscreety Kept their
"bluns for another time The indiscreet ones. when
thew were taken up, begged TO nave the trades
"scratched" Who has got the long provisions. and
who ia suffering the loss caused by their continual
drops f. the writer asked provision man lie replied
b" The books IN the trade are well evened up;
the los. ia widely distributed one has suffered the
hns loss No clique either during the decline othe last
ninety days The whole stock has changed hhnds score
Of fncs The radical bears are large owners OF
Uroperty George Chsmplin for instance. who really
short in the market, holds 10000 barrels OF PORK.
Arraour, who although he las talked bnish. pas Deen
Think bearsh IL another large owner These bears
are holding TO ths property making carrying chsrges
disposed The delivery OF little casn stuff knocks the
MARKET at such this quicker han anything else
wheat today aessrs Poole, Kent Co. in their letters
tonight customer. say and p1ed,eed that
the sIotement At Now d 1S oon oSo
bushels Of wheat themselveA. and for some roDon or
other gave up Dwight Gilcrs name Inc ta t v nr
ia ven more Intimately connected With "Sid Kent
than the former Very little business was done Tor new
York to-day. The Eastern produce operators were APP
narently having enough action In railroad STOCKS 10
satisfy them The provision traders " called margns
yery .barnly today. All the longs were asked 10
nut IN money and most the demand was TOT ~
Der cent The banks all reported that the winter wheat
country making large Demands or money, .u, ,
ms that heavy movement OF produce 10 about 10 take
place The McGeochFowler lard case disposea OF,
thers are scarcely gh directors here 10 constitute
nu1rum The receipts OF corn were large nearly soocar
I'M this fact cut figure. Neither did the TACT thht
The New YORK. market was weak Prices here declined
10 cent IL as well everything esc was under the IN
nos we're neither large nor small-14000 The snip
mrnt, OF hog product large. PM Armour, says
going TO bear this market until u gets 10
bed rock T. dropping OF prices day after day rum.
Gus to busness He can sell cash product mere OF
Anywhere else People buy to-day, and II possible re-
di the trade tomorrow, because prices are lower
Armour is sick of this slow decline lie Is gong 10 ma
bottom now aud quickly too, don't you forget"