New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-03
ELUCTUITiONS ~ CHICAGO MIRKETS.
WEAKNESS N THE EARLY TRADING-BETrER PRICES
LATER IN THE DAY

WEAKNESS IN THE EARLY TRADING-BETTER PRICES
LATER IN THE DAY.
CHICAGO, Oct. 2.-The Inspectors public
statement Of the stocks Of provisions showed that the
csses Of the interested ones had been very near the
exact hgures There lO747O barrels Of pork about
nine and half million pounds Of short ribs, and 247OO
terce Of contract lard The stock OF pork what the
crowd has been figuring The stocks Of ribs and lard
perhaps little lighter than estimated but not
much. There is twice pork there in
here twelve months ago, twice as many ribs but $4,000
terces less lard.
The market at the opening very weak and every
thing declined chiefly because the trading was 80 limited
that the sCaper5 could easily with very little risk de-
press the market at their will Toward the close OF the
day however the feeling grew stronger At the end Of
the day ribs little higher than they last
night, pork and lard just little lower "Old Hutch
varied the otOny for minute When he entered the
provision pit October lard going very slowly at
7.77l2 He bid T. 80 for 10000 tierces Nobody took
him NJ. He then bid cents for $4,000 terces This
bid OF 20 above the market for all the lard
in store. Nobody took him up. There not a soul
Dcarsh enough to sell threcquarters Of million dollars
worth ofproperty he did not have with only thirty
days which 10 deliver It In, even premium OF 20
cents the market II the Liverpool crowd. which
the $1,000 tierces OF lard here could have heard
the bid perhaps # would have been sold
The provision market ia not! acting the holders Of
the property would wish II the holders really proposed
to lpulac temporary advance for October there
ia no, faction" enough Buyers too few, and
the sellers, There not fow who hrm believers
IN squeeze FOR October bur who are now predicting
shat any such plans Will fall through simply because Of
the aOscuc. o, market lively enough to admit OF
manipulation.
Wheat was weak during the day and az the close to.
night was cent lower tuau last night. Corn was Just
as weak during the day. but at the close the "CIl"
tu
90 lost only y ce4t bushcl The signs OF weakness
evident last Night we're smply realized; tine Influences
existing then -lmp.y continued their work Everybody
said that Ira Holmes was under tie market; then
laughed and sold "-ugf" So far a. the 'r ding as con-
cerued. 30 disclosed nothing The purchases and sales
were tue bets OF exceedingly small Ua0ers who exert
Tho movement OF both corn aul wheat is MOI ap,
pgIruIly going Doe as natural tIs week last. The
rhpmeai- are considerably smaller tuau it rec ip.' TO-
day. Ihry were yesterday, auI, II the inspection
are likely to Toe small JH-W"Io" Iue sales on tue call
81 wheat corn and provisions are lair index OF the
duurs NJ 'iu d business. The +a.es OF wheat We're
only 4yoOUJ pl.gelsi OF corn, only $4,000 bushels
Of pork only i2jO barrels OF lard, only 5000 ueTces.
About one aat TIE usual 9u.ncI was r4n,4c ed on the
wurat were 20 lftle stronger ana higher. october
wheat closed 10 9A's GEMS, November at - cents Oc
toucr corn go 4's ceut- November ui 4'4 c.uls Dc
{oogr ana AgEemagr PORK stopped q 20 a. oco6er
closed at - % ''2 ''2 cents nEher thau Yesterday
McGrocu keeps 50 steadily about ia" oats pi,, and
steadily buyu. tuat hnt the market believes that be
1, engineering little corner Ihe Fellows who must
have yarn say that he IS running deal IN May oats
FOR "PHii" Armour The ScOtchmaus purchases are
probably MOI large as they SEEM FOR the reason that
tho oats PIT half deserted now, and very tur trad
ing b, man attracts attention. lie hts stuck 10 the
oats pt ever his resumption, and TumOr says that
he has made money there lie las bought his grain ar
. moderate figure Certainly there is great hazard
run, and tn exists the cuauce OF big profit The
secretary Of the Board who resigned a week ago and
for whose place because OF the salary attached $4,000
there considerable competition, withdrew his rcsig
nation TODAY.