New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-05-29
ADTANcE IN TIE CHICAGO MARKET&

HIGHER PRICES FOR WHEAT CAUSED by ORDERS
FROM ST. LOUIS AND NEw-YORK.
CHICAGO, May 2S.-The grain market was to-
day more under the influence Of st. Louie and NewIok
than is the case 3oi of the 1863 days OF the year
There was evidently at the Mound City general rush.
ing over of the clears" to the side of the party
of high prices. The figures wheat not only advanced
there but orders for millions o! bushels received
from ST. Louis aud executed on this Board. Smith,
Mccormick Co.. ami the other firms whose orders came
principally from the big bridge were buying all
day long and in immense lots Ncw.York, too. was
buying here, LndblOm taking August and September by
the 100 bushel lots, and the other firms with New
York ends were buying in not much SINAI er lots than
he. On tie other hand local operators Kershaw
among the others, sold Odt.
The It. Louis boom started the days advance. The
traders do there big beters when they come up
here and OF late they have pretty correctly anticipated
the corn and wheat They were great sellers OF
wheat last year. aud werc-it Is now ad
mitted-correct III their anticipation of that
crop notwithstanding they lost great
deal of mon to Mr. Armour. They followed corn pretty
correctly too. ST. Louis has become OF late very bull
ish" on wheat and this fact encourages the "buls -
here these southcrners always bet on cropin
formal on and they wrong Is because they
get caught by Chicago mauipulators The big outside
purchases not the only influences al woik. how
ever 10 adj ance prices News received ron Canada
tnls forenoon which put iOwer estimate ON the cana
alan wheat crop tull any heretofore received. The
yield il announced, wOud not NC more 'hd 0V pei
cent of last years.
there mar been all at great curiosity aroused A.
10 ROBERT LiudblOms movements IN the mhrkcL All
s sSfS of y PM armour and SD Kent
that this broker and his rich New York
customers have carried on Their manUuVreS; nave
ga nered III cheap wheat by the million bushels have
bought ana sold on gigantic scale without attraetins
any attention at al NOW that att nl0h mas n'c1
called to them there has followed e5s4I
aud nnumersDe inquiries. Lndbom is believed to
nave enough bOught already to satisfy any reas
enable syndicate-eNen one WIN headquarters III MAJ a..
but Lac stu continues ais DuSg. armour ana hont
as manipuators are now conservative, brokers'
6,is'e o1 Tasy nag We Wheat O""s sl O Ont
TINS they have as an Investment The n at buk Gi
h tLer cnsomcrs These same operators in ISL
wued all wheat here, ana BOD II out To Handy aud
his Cincinnati Spectators Who ran corner Ilf
september aud made great deal Of money LindolOn',
purcu for y q. Miller and MS fellow New 1oikers
ticlpa d that old Handy september wheIt corner
OF ISL VIII be repeated by Lmdb!om this
tue wheat having bought upon cary crop inornaton'
in instances, too, ne soh AT reasonable hgufc
correct Handy was wheat next SeptemDef VIII seh
above al 80.
rnlaorcd Today that re VIII be herr from Cincinnati to
morrow, ana VIII pay everybody 100 cents on th' dol
wheat for Nay tonight stopped a. 81 i2l2; for June
ssurs. "a are re, better than sAirday usnt-
Corn trhe higher out OF synpathJ WIN wheat
weI large enough to break the makt, nad IL not been
for the great strength about the wHcai PIT.
& j. k,rsDaw Il sad b. manipulating
rye IL adv arced nearly cents husAcl
to-day. He mas ABOUT 100000 bushels D'dehJ lOf
Iunr ana wiil get at beginning Of tue month.
ha dzcn iirns OPERATOR have dd mold 81 rye wthlh
tue al DOnh- ana all OF tncm nave, II II ad lost
money Oh IL: yes II ~ sad all sdes u be cheap
Leopold Lap ncary hall me stock n store ncrc
thirty day ago. but sold II out to kor-nd" at i3r V
s9OGUO. The alter Is running Interpretations Tor Sew
YORK. Rye j. good prOrcrty. sdy al tic BROKERS
hui Vou ctt IL; tAcic - Il ac ION cd-h III H.
Over 900. 900 bushels o. wheat changed iaIt- Oh 10"
call TINS afternoon Provisions were, hOwrNc, undcG
me influence OF wheat