New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-05-26
THE CHICAGO MARKETS.
ADVANCE IN TIE PRICE OF wHEAT-HOG PRODUCTS
SALE or CALL BOAED SEATS.
IBY TELEGRAPH To THE TEIBCNE.I

iBT TELEGRAPH To THE TElBCNEI
CHICAGO, May 25.-The day was marked by
another httle pane the shorts, another great
scramble 10 buy back wheat ana another sudden and
big advance. The excitement caused by very large
purchases by the New-York clique cutting great
figure in tins market and by the arrival Of report
wheat bv the Northwestern Mcrs' Association. Both
had equally something DO with the result. Lneblom
bought enormous quantities OF grain on the regular
Board while there lull Ia the excitement At
about the got abroad that certain had
the Minneapolis report ana that it put the crop only
100000 900 bushels.
This news, top OF the uneasiness which had been
growing during the forenoon. caused outbreak the
zeal" Wheat for July closed the regular Board
O'Clock az 81 Ijl shortly acrward on The curb 1t mad
advanced l. 8 Of q cent aud ON the tell" began at
81 lG'r. Tie other option had advanced. oi course.
rleanahiie. bu when the July option was reached the
figures jumped ahead by big fractions. The
price was SI17 and then at
81 l7l2. The "call" wds a paudcmoniun while
this advance Of "a cents bu,he was bans scored.
Finally there was ul enough allow OF little drop.
Iuy closed at 81 L, % cents above last nights figures
and -. cents above The close oclock the regular
Board
During all this Juror Lndbom waso seller Of July,
JUS yesterday during the cent bulge" The
commission house winch is acting for the New-YOrk
syndicate "buling" wheat The heaviest buyer ths
morning Of the August September aud October options
culver q NNdnu ,bduWlh q y o. were prominent
sellers Prices started at the opening IA 2 Of
above last nights. bu, dropped a cent. Then before
O'Clock recovered, and very steady. The boom
OF yesterday and day Is regarded thing which
happened without 0nybody's engineering 1t. The
shorts" suddenly Overtakcn with alarm at the
concentration Of wheat, which until just then had
escaped their notice. There rush buy back and
then the advance naturally occurred. 1t certain that
the clique now cutting the largest figure In the
wheat market has no desire 10 crowd things. Its
commission house selling vigorously during the
height of yesterdays and o-days excitement and only
bean TO buy again when the excitement good deal
alayed. The advance really costs the manipulaOrs a
good deal Of long" wheat and turns Il good many
bears INTO tailers" who viii need perhaps to be
bought Ou later al higher figures II Will be time
before sellers OF wheat recover their equanimIty
again. Tie advance Of Thursday and to-day
shock that will make them
sitive and suspicious for many a day TO come. and
bu' manipulators ask nothing better than to have
the crowd unsuspcious and heavy sellers.
Nathan o. Miller the head Of the New York syndicate,
is here today. Todays whir may have just little
connection with bis arrival he has now interest
IN the market than anybody else. Bob" Parks is here
too, but the NewYork business being through
Inddbom and not through Nichols. 1t is pronounced
speak Kent is SAID to have sold
100000 bushels Of wheat today. May closed at
the options are now within a fraction Of the
very top figures 81 fortnight ago and IT promised
passed Nearly 400 900 bushels OF shipped
to-day, and arrangements made for nearly 100000
bushels The speculation, however In 10 IL just very
small IL advanced this afternoon very little out OF
sympathy with wheat, but closed fraction under last
night, July at 5Sl4c.
The receipts Of hogs were only moderate at the yards
and prices of live cattle advanced "a trihe, but |
hog product was lower. Pork, declined 7iaalO |
cents from last night and lard 212d5 cents. |
The close was-May pork $40 07le, June $40 l2i9 |
July $40 27l2 May lard s1l 57l2, June S1l 62l, July
gil 20.
dav One hundred and eight choices sold for
5000 forty for 800, five for $500 The |
premiums paid aggregated over $4,000, ana hty OF the
iour hundred tye seats III the hall remained uns0d
LAST NIGHT The premium paid these will swell the |
aggregate 10 500 600 Four 'c highest
price paid $50 Last year the premiums asercSted
1000 and the year before 100000