New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-06
TIE CHICAGO MARKETS.
PORK, LARD AND WHEAT LOwER-A RALLY OK THE
"CURB CORN STRONG ALL DAY.
IBr reLsGR,rd L, rhE rR,ausGI

IBr rELsGRlrd II rhg rRtAusLi
CHICAGO, Sept. o." Armour has been sling
ing more stul IS the verdict Tonight Pork today
dropped 6Js7O csue per barrel, Lard, 80 cents yer
hundred and short r.ji about 10 cents. The trading
about the provision PIT large and tie feeling excited
almost pauicky. Thc few WHO doubted iAat Amour
had become "a seller were converts to-day when the
came brok began Offering meats by the five hundred
thou.apd hound lots aud lard and PORK ~ any sized
packages TO suit while Armour's own employees stood
by doing nothing al all IN shld
that Norman h. Eeam rather took the edge
of the market Tuesday ana cyer Monday and that lie
got great deal OF hog proauc sold before even Armour
began selling.
Hogs this morning came in in an army. There were
10000 hel0 Just 10 was predicted last night aud the
prices went OF % per 100 Di,pn ch-s have
now been sent 1t Ia said, 10 all the shipping poils by
the stock yards commission men, advising that The hogs
be held back the market aud prevent complete
break down. Buyers say taat 1t IL possible tnat a
temporary let up the receipts may he
ainel but 1t too late IN The season Tor
hogs to be held back any length vi time They Will be
coming pemel despite tue advice aud protests OF the
commission men. Frank Clifton. fow!er's manager
here saJs that he covered bis shorts today. In the
afternoon on the "curb" there was a sharp rally.
Lard advanced from 1874 for september, aud October
to g.; pork sold up 10 cents October gauscd ll17l2.
and October ribs advanced from 6.l0 10 625
There was fully rs much excitement In grain III
pork and comparatively nearly as much OF drop.
Wheat the board tonight oOsed li2G2 cents lower
thai last night, aud the sellers legion. Big and
little traders caught the Injection and threw out lines
on the theory thai the market was fairly started On
dOwD hill course. and not likely TO stop until
sensatiOnally low prices were reached The closing
prices for wheat Oh tho regular board AZ l O'CLOCK
were the lowest OF the day. September stopped AZ
9Jl4. October at 57if and November at 5O4 Within
few minutes after the close trading bosaA Oh The curb
and there a conn lce change In the eeHng. Wheat
adyanceda a bushc anu p cents. The selling
il WAS explained. hal bceI a ltiic oycrdonc The
bears " had hi the market little too hard. There
were also other explanations OF tie sudden strength.
Poole. Kent Co., 1t was reported, had quietly been
buying during the day, aud haG gathered In 100000
bushels at a low figure. The report became more aud
more current the afternoon wore away, aud also was
moro and more generally believed.
Poole Kent & Co.." said commission mau. "hod
oil wheat here; or they do not hold all Of IT,
other houses do for their principal, SD Kent They
bought aud sold 40 that undoubtedly they can de
liver their wheat or keep 1t Is u suits them. BY
iGea Is That they wiu use tHelr hoH'nss 10 soap
this market AL during TIE present month III on Mon
Tuesday the Kent clique win sell II Tuesday the
crowd believes that Wednesday will be bear day
Continuity occur thnk Lat Poois, Kent Co dis
bay gely to-day but do not consider that fact any
reason Why there should he an ADVANCE"
bert Lndblom AM w, y. Andre rs came together
this afternoon the "curb" and the result bet.
ldnuDOn pct Nhcht "ouiu ~ ~ NC
fore February TO- "Anotner thousand Of LiudD om's
money gone into another mans pocket is the popular
verdict.
The cool weatherit has been cool for the past 70 W
hours on the lake Irontis another reason given why
wheat all AT once took leap up tonight. IL the
"Dulls " chauce talk frost and
did strong all day
because OF the cool weather AT all times above
yesterdays figures Ia the Galley" moreover tonight
IL took sudden squirt up for cents closed septem.
Der at 4Sle and October at As. David Bows Co. are
said 10 be "short" al Newiork and "long here They
are any crowdiDg the out OF here q ire
mendous rate SIX hundred thousand bushels will be
shipped tomorrow.