New-York tribune., 1883-06-06
FEATURES OF THE CHICAGO MARKETS.
AN ADVANCE IN PROVISIONS AND wHEAT-coRN A
LITTLE LOWER.


Cu,c.co. June 5.-The charge of KcGeoch
against Fowler Brothers does give way in interest
10 other matters Persons Change OF dropping
it for some newer scandal, still discussing the
charges and their probable effect. Who Will be worst
hurt by the disclosures IL proof is actually made OF
adueration, is OF the questions which IA now e1-
citedly discussed Fowler Brothers may be injured In
reputation; but will not McGeoch, who is the owner OF
all the lard in store here-and prob
ably of most of the lard In the
warehouses scattered the country-be
injured pocket What he has already PAID Tor
together with what viii during this month be delivered
to him. viii aggregate certainly over 100000 terces of
the value OF 100000.
"suppose now" said commission man, one, too, who
ia not unfrendly TO McGeoch, that, because OF this
scandal started by charges lard drops cents per
pound II might do so. That would cause deprccia-
ton of over 5000 900 100000 tierces OF lard The
tierces of cash lard owned by the Scochman is
certainly only moiety OF the property which he
has contracted for in a speculative way which he has
bought for July, August and even more distan. months
tumble the price counts just fast options as II
does cash property 1t really looks as II Mac was In
considerable peril Of being swamped"
II is very much feared that everybody who owns
Chicago lard will straightway set about finding out
what it is made from. When they discover the truth,
all the interested hereabouts trcmbe
for the result. McGeoch will find the establish.
very difficult matter. al don't believe" said chem
ist who in the employ of packing house at the stock
yards "thst the Fowlers foolish enough 10 stuff
their lard with cotton-seed Oil stearine. II they
nothing viii help them. 1t Is easily and certainly
distingulshsble from lard stearine. have no doubt
however that they used taow stearine there are few
packers these days who do not but professional
chemist assert that it is not possi-
Bile to distinguish tallow from lard stearne
The chemist may be pretty sure that
the specimen contains taow, but know that no
reputable chemist viii take his oath that he abso
lutely distinguish between the two"
tits said tonight that Of McGeochs witnesses-
men who were formerly in the employ OF the Fowler
Brothers, and who made sdavts as to the methods in
vogue In the Fowler packiD ghouse have been spirited
away out OF town. The matter to come up before
the Board of Directors this afternoon. Owing to the
press OF other business however the matter for
day. twill come mp tomorrow. The provision market
started up this morning at gaoping pace. McGeoch
and Armour gave the start aud the uncertainty
general here now, because OF very much mixed
condition OF lard, kept the figures moving
McGeoch will not allow lard TO drop,
thought, while he is carrying his contest with
the Fowlers success In this matter Will afford him
said on good authority 10000 tlerccs Of tbe Fowler
case. an this will be thrown out
The Englshmen will not only have to pay indifference
on this great shortage" but the virtual removal OF
10000 terces from stock by Its condemnation will
tanly pris ses Temporarily 10 shoot up. On the
other hand TO prove that such vast lot OF
Chicago lard is adulterated will certainly improve
the jObbng demand for what Is good. What will
McGeOch do then with the $4,000 tierccs not made by
the Fowlersl Lard 1t 10 easy 10 sec is especially
hazardous article TO speculate IN just now.
Some hardy specuatoTs are buying because
they are satisfied that McGeoeh WILL as they politely
putt, down the English shorts" PORK advance as
the lard-pit. 1t Is felt that Armour
he may need to supporting the price OF pork until
the FOwers destroyed disabled Lard tO-lay sd
vanced 10a20c per hundred and pork l0a20c per bar
rel June lard closed AT 1850 July at ll77}2c; June
pork at $40 O2 l2 and July at $40 20.
Wheat up AUlc. bushel today, apparently be-
cause LindDlOn's New-YOrk customers wanted good
dea Of grain and not able 10 get IL Yesterdays
figure The EewYork clique however were not the only
buyers McGeOch, EyeringhaiD x Co. large pur-
chasers and enough others the side
buylng q much difficult matter than selling Ile
nne weather which was thought 10 have hat
yesterday with the weakness Of feeling, confined
day. IL dont look" sad partner OF McGeoch,
"for any. very great advance IN wheat
81 may range between 81 IL 81 but think that u
dcious buyers. the little breaks which all the
while occurring, will make money"
Corn took down turn. beesuse, 1t said of the
very bright weather. There S54 OF this grain
received to-day and this fac. ought have hal
influence. David DOws co continually
being spoken OF steady buyers OF this very
large LOTS IL IA the opinion Of nearly all conservative
commission men that squeeze Ia corn and
unlikely To occur In June July. July wheat stopped
VI 1850 aud september 81 l5's July at 57lsc