New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-29
PRICES LOWER IN CHICAGO.
A LACK OF FOREIGN oRDERs-rHE PROVISION MARS
KET--MGEoCH.
p.pur


KET--MGEOCH.
IBr TELEGRAPH TO TRIBUSE
CHICAGO, July 2S.-The receipts of wheat
were larger to-day any day since the harvest OF
wheat began aud the receipts were reported a.
being considerably larger st. Louis The markets were
bears partly because OF the increased receipts, but
much Of the want of foreign orders Out
side speouatos evidently settled down TO the con.
vcton that while the present telegraph troubles last TO
attempt send orders here is useless The business
from the outside decreasing not increasing, and was
less to-day the daysimmedatey after the strike
Corn was under the same influences as wheat. and
declined about fast Oats, which dropped from
3l7s cents last nights figure, to 29i2 cents, were
affected by the peculiar circumstances which have exist
ed about their own pit Wheat closed this afternoon alb
cents under last nights price, and corn 7s cent lower
July wheat stopped 81 OIL August at 81 OILS Ssptem
Der at 81 O3s July closed at 81 cents August &C
81 cents aud September sos cents Provisions were
rmer during morning than grain but dropped before
the close-pork 129 cents barrel and lard and shore
ribs 10 cents hundred pounds
The provision DIT still underline conflicting Influences
OF rapid shipments and approaching yellow fever IL
one is in the ascendant day. the other is In control
the next, and prices are up and down. Within the
week live hogs have advanced one dollar hundred
pounds, aud this will be likely to mako
the receipts noxt week large Increased
arrivals of hogs In good condition will send prices down
little The shipments of hog product during the week
were: Pork 1884 barrels; lard 100000 pounds;
meats, II. 30S, $50 pounds.
The telegrap hers strike killed scheme to squeeze"
July oats The manipulatOrs did not mediate cor
per but there pressure TO be brought that would
advance the price The pressure stopped on July ID
when outside orders stopped, for sooner had the
outside buying and selling stopped than the local trade
stopped too.
The schemers believed that the buyers and sellers or
Data would ward the latter part OF July come together
with such a rush that prices would be raised from the
crowdng, but the buyers aud sellers OF July
oats did not approach each other with
velocity Indeed. after the telegraphers
strike they began to meet each other amicaby IL was
Just "a all had stopped trading In the midst
OF corner" The result has been that July oats have
tainy be no squeeze" aud possibly the July prices
will drop under Che August which was selling this after
The capital for Notebooks frm TO be contrbu-
ted by Alexander Mitchell Daniel Wells IT,, John Plan
kinton and p ID Armour. It will amount TO sl50OO0,
the capt. al nomnaly Of the old firm There Will De only
two partners in the firm, Peter McGeocn
aud q. s. Everingbam. Francis crttenuen
will 90 with Poole Kent x Co., but whether as partner
or as an employee not stated The other Two Junior
partners will remain the employ OF the new nrm In
the old firm OF McGeoch Everingham " 90: tnere were
Ave partners but it was generally agreed that there
would mot be business enough at hrst 10 gV aruunus
among so many Crittenden was placed Indirectly
through the influence OF Philip Armour The latter son
close terms with Kent, who Is the main stay Oh fooe'
Kent Co. All Mc(ieochs rich friends, Arulout hent,
Falrbank Walker and the Others, VIII be nkeiy 10 .hrow
the scotchman enough brokerage business 10 make he
will take place just rs the country customers OK
old nrm be settled wltn