New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-06-10
THE CHICAGO MARKETS.
"BEARn WEEK IN PRoDUCE-A DECLINE In
PRlcEs-THE EFFECT OF THE LARD SCANDAL.

A BEAR" WEEK IN PRopUCE-A DECLINE In
PRIcEs-THE EFFECT OF THE LARD SCANDAL
[BY TELEGRAPH TO THE TRIBUSE.l
CHICAGO, June 9.-This has been bear
week In produce, with the exception OF OATS
over which there Is little alarm because OF tne
experience OF certain reckless sellers ono year
ago. Everything on the list has declined. "heat
within this time has dropped 2l2c corn &C., ana rye
2lac per bushe pork 65c. per barrel, lard Zoe and
short ribs 35c per hundred pounds Everything tonight
closed weak and the temper extremely "bearish'
There has been very little trading during the week. ana
this has been OF tho reasons lor
the depression. Receipts OF grain nave oeen
increasing especially those OF corn which nave eacn
day exceeded the shipments by about lOoooo ouSneS
This Ia the more remarkaoe lhasnuon 40
1.535 600 bushels have been sent out Wheat
has arrived in small quantity, but the
shtpments have been even smaller than the receipts
oats have been coming at tremendous rate the re-
ceipts this week beng 100000 busnes against
400 600 bushels year ago. But oats arc soias 'u'
quite as fast as they come IN Speoua'oi'
IN produce have been depressed most ny 'h'
McGeoch-Foyler lard scandal The testimony gwen III
this case this week. although very little OF II leaks out
has been damagin TO the reputation OF THIS provision
market IL has had no little influence 100 upon VI"
temper OF the traders in all the pits.
To-day's market Ike yesterdays and that OF the Jay
before was uneventful Everything opened at dechne
There apte .red TO only prominent buyer IN the
market and this was Lindblom. Fairbanks excited
some comment by selling heavily for September Ihese
were about the only features. The solicitors Tor
the commission men and the countrymen who are arrV
ing here are exuberant the promise of oil the crops
save wheat and OF this latter they appear little less
desnondept June wheat closed at 1lO4 anu
July at 1924, June corn at 55s ana
July az 56ssc All sorts OF provisions were weaker ana
lower Pork was 20 25c lower lard 10 locand short
ribs i5a l7iac; Juno pork stopped nj sis 62a July at
SIS TO- June lard at gil 52l9 and July at Sll %.
What Is McGeoch going to do be
wins his lard light What 10 he going
TO do ~ he loses IT. These the conundrums over
which produce spectators, big aud little, are worrying
themselves now. TIE testimony which has been gwen
this week has inclined most people to believe that the
scotchman Will after all prove MS charges; But what
then Sly idea" said "A gentleman cOsciy cohhecteu
With T. Mc(cOch, 10 that he VIII DC satsheu W iuIV
eli inc hackers for DAMAGES aud then take ther atd ana
noe ket the damages II ne collects VIVA ne wiz cidlm l.
will worth the ngnt aua the worry anu Tue Toss vi
time and all tEat. IL "a claimed tnat OF Az 'mo a-VV
he COS 81 lard Ia store above 10000 are uhauuer
ated: the rest is stuffed with talOw, cotton
seed oil and all manner Of foreign SUBS tanoe 60
II the scotcuman can collect NJ Tue Iato VI 49, III
will pocket - OOO 900. for It Il calmcd that there are
900 Of this aoultorated STUN There l. ,ar canoe
that directors will not DC al'oTed 10 oIrs m "
they find the case going against
them VIII undoubtedly resort 10 come e4pedleht 10
throw the matter into the courts ihero arc
pressing tue matter. II Il threatens peril TO the
nmsSerse of lard All the packers, with tho
exception OF or two. are eharscaoe WIN sne same
tGreatencd they viii undoubtedly unite In support OF
tne Fowers and the packers every body KNOWS Wlei
IA tremendous Influence here on change