New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-12-05
THE CHICAGO MARKETS EXCITED.
ADVANCES IN THE PRICE OF PORK, LARD AND
CoRN-wHEAT SLIGHTLY LOWER.
lBY TELEGRAPH tn TuR rRIRuSR

CORN-WHEAT SLIGHTLY LOWER.
lBr TELEGRAPH THE TRIBUNEl
CHICAGO, Dec. 4.-There were only $4,000
hogs at the yards to-day 10000 less than expected
Although the packers did apparently what they could to
keep prices from advancing pork advanced 40 cents
barrel and lard and ribs, 122a15 cents per hundred
pounds Part of this advance was lost but the figures at
the close were still considerably higher than they
twenty-fOur hours ago.
Corn was the centre of the days operations.
The manipulation of the "year" option. referred
to in these dispatches last night was enough
developed to-day to a great scare and
a stampede by "shorts" to cover. The December
morning in twnkling to 5sla Upon this 3cent advance
being scored there great deal of selling by longsD
sturgess's "deal at this end leading in the selling Tho
enormous realizing carried the figures down
at 57 1a cent above last nights price. Jan,
uary closed at 56A; / cent above last nights
an advance for the day Of lie cent Tie Quotations
were a triie lower on the alley at night:
The feeling TO night Is that the market Tomorrow both
for wheat and corn, will be easy There many
Of the saunch believers in corn tonight who sellers
will the manipuators do They unquestiOnaby big
sellers to-day. Were they realizing on their long" con-
tracts with view of pOcketng their profits and getting
out, or were they simply "scalping" the market 70
make a handsome sum and to check the advance
too sudden and too far SoOddy Ows If n anybody SSf
did know their plans; 1t would be very safe 10
preOlct tnaI tney would not succeed A scent ad-
vance in corn ia enough in itself TO change BULBS"
plans. 1t would be wonder II the
satisfied with their profits, had determined sell out.
They could easily IT, The signs however are
that the clique transferred its trades much could
be done from December 10 January. The operations for
the day indicated this. The speculative situation invited
this programme for December was most of the day
cent premium January and certainly in view OF the
situation January is better month in which TO make
"corner" than its predecessor. Large holders
road say that the receipts OF corn at
Kansas City increasing and that there good deal
OF Kansas and Nebraska headed this way The re-
cepts large today the railroad pre-
dcted OF wheat there were 376 and OF corn 49,
The Inspectors figures show that the stock OF wheat hero
has within the week increased 550,0O0 bushels, the
stock OF 1913 900 bushels and the stock OF
$4,000 bushels. There little 100000
bushels Of wheat and 100000 bushels OF corn In the
local elevators The crowd represented here by LndbOm
and at EewYOrk by n @. Miller, and which last January
a corn "cOrner" OF its OWL appears u be fighting
the present advance In The local crowd
looks for a little decline In aud wheat. but
is decidedly bullish" the outcome OF the former grain
While Schwartz Dupee selling to-day at great
rate, W. 4. Baker & Co.. who have also been long VI
big line all through the advance, were Large buyers
Wheat dull and heavy all day and closed L 2cent
lower than Monday night II s felt, however, very
generally that at any moment II Is likely TO be whed up
from to cents. Edridge Co. were Offering on the
call to sell any part OF 100000 bushels for May at
SlO43 December closed at 96lo January at 81 May at
1042s December pork stopped at 81 40, January at
$l3 go December Lard at IS 80 January at IS 5O JAN
uary ribs at 70 20.