New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-01-01
CHICAGO MARKETS INACTTE.
TIE JANUARY SPECULATION ENDEp-NEAH w
TONS FALL BACK SLIGHTLY.
Try TELEGRAPH TO THE TRIEUNE.l

TIE JANUARY SPECULATION ENDED-NEAH oP-
TONS FALL BACK SLIGHTLY.
Try TELEGRAPH TO THE TmBUNEl
CwCAGo. Dec. 3l.-ThcTe ought to be no
disappointment on the part OF produce SPECTATORS 'o
,,bt because Of the course of tOday's market Just
,ncb things as were generally predicted last Saturday
bappened There the explosion Of cannon crackers
ard the fncnc about of -four balls, and the almost total
absence Of outside orders; and there WERE as c"us'
oucpcc weak. cratic markets. The "bul' operators
Saturday night predicted all these things perhaps some
Of them hoped against hope that the market might not
be as weak as they were themselves preuctms "
would be. 1t Just such last Gay
of the year as is always experienced Wheat closed at
pight at 81 O2s for May, the option in which from
mis- time onward speculation win centre. May corn
stopped at 5s4c February pork at Sl4 30; February
lard al - s7lq; February ribs at 81 27l2
There is stn much difference in opinion ms 10 whether
The January clique is out of The best judgment Is
that the manipulation has practically Disappeared that
when conwas &C. higher than to-day, Messrs Schwartz
a. Dupce sold either for January or February
practically all the grain they had lhele
were, perhaps, odd lots not souh :
and perhaps the clique caped the market There has OF
late curing the past three four days been settling up
Of all these odds aud ends.
There are a good many here who wag their heads
sayagey whenever it is suggested that the January man
ipuaton has disappeared and say, 1.-The clique couldn't
sell out If wanted to-" That produce clique could not
manipulation ana cnd IL successfully "lliouV
"carryiug tie deal" through, was part OF the
ancient speculative philosophy of this crowd Those who
refuse to believe that Jack" Stgis is now out OF bis
corn on the ground simply that he could not get out are
Of those who cannot rid themselves or the rueS OF '
old time philosophy. Miller and Williams and Lind
bloom who connected with Handy last January III
coru deal got out OF their deal IN sinsie aiterTT"t
without even Handy knowing ANYTHING aDQu, II. lnat
operation upset the old theory tLat deal nan per
force 70 be carried thTougn II Is an an ' a.,
"can" while Handy stood before his blackboard
at the Palmer House swearing at the hoy
posting the figures because, as he supposed OF the boys
stupidity In getting the figures wrong ., o..
But while the best opinion here Is hat the aeEe' SUR
Fls clique has dropped lIs corn II deo lca ~ lI VIC"
that the Abandonment OF the January squeeze VIII be
great thing for There Is Of course great Geal OF
corn in the country The biggest bulls admit tiS but the
pull Of January crowded up 80 iaSJ that "uh soou
cited everybody in the country who possessed bushei
Of get It to Chicago 10 sell This January squeeze,
said an experienced produce Spectator # persisted in
j. likely To obscure the merits OF for the whole year
The receipts at Chicago will be out OF PROMOTION 70 me
supply in the country; and Spectators Will be made 70
believe that after all they miscacuate inc Damage 10
Now that the January clique has abandoned the pit,
the near options viii fan back January today dropped
fI0m je,e cents to o. Inc incentive 10 crow"
one month viii disappear. The receipts Will as conSe-
Quence fan off, The market will then advance upon it5
merits, the different options keeping their distance sdI
corn operator Now that the January deal Is out OF
the way. believe that corn will sell at TO cents IN
The receipts OF corn (745 cars were large today and
40 per cent graded. The wheat market was without
especial feature There was sharp rally in the forenoon
that sent the MAY option from II OLE TO 81 03l2. and
that scared Hobbs and some others into
covering a big hne Of shorts they had
put out hut when business fell of toward the close
there another drop and al the bottom figures HOO9s
aud Of the others said 10 have put out thel
lines The conservatives are advising purchases OF
every thing the list The Kent crowd Ii still predicting
great slump IN wheat and 80 Is Lester The feeling al
uight was very weak indeed, in exactly that condition
which usually pIeccdes sharp and surprising advance
Casa corn tonight Is only So cents. Cash wheat
only e4A The deliveries of grain, especially they
large of corn may alarm some OF the weak ednes
day, but they viii have no significance.
The packers having caused pork to drop over dollar
barrel and live hogs dOara head, actively at
work again buying pork. Cudaby & stevens were the
most active to-day and everybody sets them down as AT
M bruk