New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-17
SpEcUL1rIvA CHICAGO MIREETS.
WHEAT ADVANCED on UNAUTHENTIC REPORTS FROM
THE EAsT-CORN AND PROVISIONS DULL.
IRY TELEGRAPH TO TnE TEmUNE.l

WHEAT ADVANCED on UNAUTHENTIC REPORTS FROM
THE EAsT-CoRN AND PROVISIONS DULL.
10y TELEGRAPH TO TIE TETBUNEl
CHICAGO, Oct. 16.-Thcrc were TumOrs again
Of engagements Of wheat for export at NewTok ana Bal
tmore and denals Of them People had dispatches here
from Baltimore to show that 100000 bushels bad been
contracted for there and from NcwYorl 10 show that
100000 bushels had been contracted for at that SET
port They were sufficient 10 frighcn Tie shorts, and
there followed a general covering Of selling con
tracts. Wheat consequence advanced = Of cent
Tonight however on the curb IL had lost half this
aud while It closed at % cents for December
on the CALL was going at 942 after it, close It started
little higher range in the morning, but hanging at
about 81 L when Lester began buying II was soon
advanced under his bid to 9i for December and by Nc
Henry 9i There were, Of course, dcnias received
Just there yesterday, Of the immense contracts
for export one ChcagOan telcgTaphcd Smith, McC0r-
mick Co that after deal running around, he had only
been able of the engagement Of 10000 bushels
With the bulls" the possession OF class Of in
formation and the bears IN possession OF another and
the bulls ardent in their faith that they right
and their opponents wrong there very lively stTug-
gle about the wheat pit The trade very large. II
said here that the truth of the story from NewYork
about wheat taken for export amounted 10 this The
owners Of four vessels which recently arrived laden
with German wine, and which could find freight
turning authorized their Hcw-York agents. If after
every effort cargOes could not be had TO
hy for the owner account Dreadstus enough 10 load
tie four vessels and to ship It back at Owncr risk
said "a prominent commission man tonight: " There
are signs OF Improvement In the price OF wheat,
but whoever waits until these signs have clearly shown
themselves viii make money II Is the business OF a
EpeGulaor anticipate the ordinary signs. Wheat has
dropped % cents bushcl There Is apparently
just little reason for an advance now ~
before the drop. Wheat Is accommodating even faster
than II then The demand for IL
however TO believe that wheat Is going decline forever
f'Ocks may be absolutely worthless OF them are
Wheat Is like buOn at about 80 cents has heretofore
been considered equivalent 20 bullion. am advising my
customers that II Is not safe 10 sell yet"
Wheat tonight the call closed al 93 for November
and % Tor December On the curb December closed
ct eIh, with the feeling weak. The shipments OF wheat
to-day were 10000 hushcls-a little larger tDan the
ccpts-and the reported engagements for tomorrow
$4,000 bushels. This movement Is more natural
The shipments Of corn decreasing the other hand
while the receipts show great falling of To-day the
shipments less than the receipts and II this state
OF things continues of the bull arguments In favor of
corn, viii have To be laid Corn, which appeared
for time 10 be acting independent OF the
Influence Of wheat Is apparently falling under
II again. II advanced little to-day, Just because
wheat did and after the call tho declined little
just because wheat did. November clOud 473
sold on the curb later at 47be cents Hutch plOm
uent buyer OF May corn late in the dayhc cOru IL
n said which he sold less than fOrtycight hours ago
Provisions were very duh, but this NOTHING new.
The cash trade Is very bi but al Uuous prices The
cash property which Is being sold now was made out OF
ocent and cents hogs IL has 20 be sold however,
Just as II II were made to-day ont OF hogs NJ cents. The
receipts at the yards smaller than antcipcd-Ouy
tlOOO Prices 50lOe lower. CGdey stevens were
Suyng pork. Hutchinson selling out lard.