New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-02
FEATURES or THE CHICAGO MARKETS.
THE SITUATION CONTEMPLATION PURCHASES
OF wHEAT-WHEAT HIGHER AND CORN LOWER.
LBY TELEGRAPH TO THE TRIBUSEl

THE SITUATION CONTEMPLATION PURCHASES
| OF wuEAr-wHEAT HIGHER AND CORN LOWER
LBY TELEGRAPH TO THE TKlBUSEl
| CHICAGO, Oct. 1.-The markets tonight
closed very much mixed up Wheat is some higher than
last Saturday night corn some lower pork aud rios
| little hg CHER, and lard Ju very htCle lower. Wheat
was under the Influence Of large deliveries the very
heavy buying Of a single bold OpeTatOr-iuf1euces OF
course likely to pro1Uce different effects As result
the movement OF prc IN fact small. The October
option closed 9G. Z cent above saturdays CLOSE;
but tne other options showed advance Of only g
cent. November closed at 9Sls cents, December at
IL OOls.
Ira Holmes the Washing scalper bought o-day.
II Is believed 100000 bushels OF wheat for November
aud December lie bought through half the tho
street. and bought AimseL AS # satisfied with his
stake, he bet Tonight with Belly Murray,
another scapcr. that VIII would sell "ants before
II would sgll down cents. 70 gee idea OF what
effect such purchase Is likely 10 have one ought 10
know something OF Little Ira Holmes" ana ns
methods. HIS wife, 1t sad, is possessed Of S3JJOOO.
perhaps morc settled upon her ira perfectly
solvent. lie refers this egg aud declares
that nell never It Every "a mas besides 10
uses bet with. Sometimes ho has 100000, somc-
times not a Just now 10 IS figured that tue htuo
.caIper has about $4,000 OF money OF his bee
WITH. OTIS as good nothing" Holmes Is reported
TO nav" said les million WI h me or nothing" so
ne Is betting ms money now
His trading is generous and the Commissions he pays
so large the aggregate that the commission houses
will take large risks on him lie has bought it Is r-
moroi to-day two and half million bushels Of wheat
II II advances cent he is likely dOub his holdings,
but # the market goes = against him likely not
he will throw the whole load The street. - familiar WITH
his methods Tue crowd IA even bearing" wheat To-
night upon his purchases. and "oalls' are going
at the market-a remarkable result Of such large
purchase, II the purchaser and his style were not
a hat VftFa
Holiness large purchases supported and advanced the
market for a while to-day, whei II became known that
he the principal, they really used as bear
argument. Legitimatey it ought to have 10 influence
al but hall the influences Oent are really lie
innate
The deliveries OF wheat were liberal Walker & Com
pany sent out over q million bushels; Llndoom Com.
pauy 100000 bushels Three.quartors OF the wheat
changed hands It went into tue possession OF the pro-
fessional grain carriers-Eggles and others The
deliveries OF wheat simply proved, what everybody
knew that there rs not particle OF manipulation IN
this grain The market tonight Is weak Calls
are selling Just at the market Pats"
however, are selling 60 near the market,
too that, while the indications are mat
the market tomorrow will b. little soft, they also
point toward very narrow tuctuauon.
Corn weak aud 10 q cenl lower Tonight, lar ,ey
be ause the corn ir ueslectel tOg tAc Wheat Oco
Der closed at 49sc; The cora Inch went around ~
day went IT Is said uto the onc's OF the shipp5rs,
Femmin- & BOyden, ana Others. The rece'p;s t"day
liberal TACT That helped 10 INCREASE TIE leus
| OF weakness. Eight hundred aud slxiy-seNeh cars
arrived. The receipts OF all kinds ~ grain were pety
liberal IN fact, aggregang over LOO ears OF a Anus.
The impression i becoming sculg thst Alluo'r -
| gong squeeze ribs and pork. Very lew rus "ero
| delivered, pork, but absolutely no laId.
gu0ddca Of pork wac, II Is said, delivered Az .uS
wlere landed nobody knows for cvrtaiu u - pt't
geueIay sU1n sed that the properly audod M Arnl9tt
Office Tue lard was not delivered, because lAr El-sI-
men who own t stu hold GA To IT. P"fh a. "o tluc 70
day was 40 cents higher than Saturdays hguftei SO
were ribs Lard rs time go 10 cents upN' pa
urday's close. Tue advance on all these articles was
| lost helOre close
The rectors OF tue Board have, Il IS said, completed
| arrangements with the Western Union Itegriph NOn.
pany, whereby the after will, upon payment Of $4,000
per Board take charge OF Tue dsrO %
The Glagsrt quotations. This arrangement VIII cut on
the other companies from distributing them TINS u AZ