New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-28
4 DUEL DAY ON THE CHICAGO ExcHsNGs
THE TRADE IN 0ATs-TELEGRAPH SERVICE POORER
lBr TELEGRAPH TO THE TaIBUSE.i

THE TRADE IN oATs-TELEGRAPH SERVICE POORER
lBr TELEGRAPH TO THE TRIBUSE.i
Chicago, July 27.-Oats tumbled to-day
nearly cents bushe The July option sold yesterday
&c "a cents but went begging to-day at 33 cents Au-
gust dropped 20 cents Last this won
derfully oversod both for June and July deliveries The
approaching CROP 1t then generally conceded was
big one and oats in April and March were higher.
specuator big and little, sold for June, believing that
enough of the 1882 crops would be harvested break
prices in that month Enough OF new oats did ar
rive to affect at all the speculative demand and conse
quenty oats In June 1882 sold up TO 81 cents, and
100000 bushels OF short" grain settled for at
that figure 10 clique at Peoria which had specuated on
the ball" SIDE The proceedings were repeated
In July of 1882. The June "shorts" sold for July TO
reeoup their June losses Again the sellers were dsap-
pointed New oats did arrive and the contracts had
to be sold at "a cents again.
This year. remembering the experience Of 1882. largo
number operators bought instead Of sold for July The
same Peoria clique also bought. but this year there
was not the extraordinary selling that there wac
twelve months ago. Besides, the receipts have been
larger great number of holders Of 25 900 and $4,000
busnel lots have patiently waiting for the advances
In oats to begin. 1t should have starred about week
ago II 1t was gong como at AL Then occurred the
teegraphers strike. and business Immediately became
dull II was as difficult trade oats As In wheat aud
even more So To buy for July impossible for there
were no sellers to sell difficult for there were
buyers may be truthfuy said that the teegrapher
strike achieved good thingt has made an oats
squeeze impossible In the past few days all the
smaller holders have been unloading Yesterday aud
to-day the Peoria clique threw out all 1t could and what
II aid sell broke the market cents busheL Ltndblom
a. Co.. w. H. Harvey q Co. and David Bows a Co. have
done the trading for Tying and his Peoria friends
The telegraphio service poorer to-day and the
business on Change duler than w ION any day ex
cept the one that Immediately followed the strike 1t
was 80 dull wheatpit that traders who had
property change from August 10 Septenoerfo1nd
IL almost impossible to do So II they succeeded In
selling their August after deal OF shouting and
watching they found themselves unable TO
get their September. The New.York wires
working badly, and even the business which comes
from the East the pits when everything
else fails was entirely cut on at times. 1t would have
been dull day BEST but the telegrsphc service was
80 poor that even the few persons disposed TO send
orders delayed Scores OF orders filed at NewYork
before the beginning of business not received here
until after the close OF Change. Many brokers are OF
the opinion that the Board OF Trade firms VIII snner
the strike next week than this, and believe
today experience that their customers nave
given over, after weeks experience with messages
ken "subjact 10 delay" sending any orders at GIL
Much of tnis business too 1t IL feared viii be LIST per-
nanently, or Will have 10 be sought for again
The wheat aud corn pits were without incidents from
start the gurss either up down In wheat the range
OF fluctuations was within OF cent, anu IN corn
within the limits OF smaller traction I've closing
prices of both and wheat were within OF cent Oh
Yesterdays figures July corn stopped at o1osc, July
wheai at 81 o. August at 81 02es and September at
81 O4As The little weaker lie news OF ths
nostlux OF somo bad corn at New-Ysrk oeared" the
market little. Provisions were strong, but closed
little above toe figures OF tweDtyf0ur hours Hogs
something to do with the "builishness me PROVISION
PIT, however, was a. motioniess az the gram