New-York tribune., 1884-01-03
LIVELY CHICAGO M4REET.
VERY HEAVY PURCHASES or CORN-GUEssING |
ABOUT THE JANUARY CLIQUE.
lBT TELEGRAPH THE TEIBCSE.l

IBI TELEGRAPH TO THE TEIBCSEl
CHICAGO, Jan. 2.-The January clique took
and paid all the cash to-day, 100000 bushels.
This was a surprise and was the feature the day
comparison with It, the wObbng Of prices set down
as of only secondary The clique brokers
present the cash crowd early and took most Of the
receipts This the first surprise. II alarmed
the crowd. The January option had dropped from 564
down 10 537s, because the day opened with the
"bears" in 1ne form, after their successes
during the last two weeks OF last year.
When It was learned that Schwartz Dupec had actu-
ally taken the which had arrived the prices Of the
different options advanced, January nearly thirteen
cents and May cent No deliveries Of corn were made
in the morning although wheat oats and provisions went
around freely II the afternoon, however in the dcv
cry room the deliveries large and every bushel Of
coru went finally the hands of the boys belonging
the clique Office 1t is said that their bundle of
house receipts, when the delivery hour over,
looked like unabridged dictionary. Within the
next thirty minutes Messr'. Schwartz DupeeTs checks
went around paymeutan the warehouse receipts went
into the bank. The January option closed strong at
Sole, January at $50.
It looked Monday" faid Mr orr Of Irwin, Orr & Co.,
Gas II the January deal had been abandoned II looks
tonight II it would be through the month Cyrus
Adams of NJ Coruirk, Adams Co.. Of the opinion
Monday that the January deal had been abandoned.
but believed tonight that 1t would be carried
through the month Frank Keunett, Of Nc
Cormick, Kennett Day, says that the
fact that the days cash receipts had been bought
was the best indication that the January cque st had
its clutches Oh the market 1t may turn out, OF coursc
said broker that the CLIQUE has its sold Tor Febru-
ary or May and simply took the receipts Of to-day
hoodwnk the crowd.
The decline in the price Of January figure at all
for the clique anxious 1t down the bears,
that the receipts would fall of and the cash
cheaper The few days will determine the question
If Schwartz Dupee's brokers stand in the crowd and
take the cash corn, every BODY may be sure that the
squeeze Is not don't myself believe, tonight that
II coEts u.s. believe lh"t January VIII yet 30 toward seventy
All during the day the temper Of the crowd bear
fish and they led by OF the biggest traders
here. The selling OF wheat was enormous, ana only IN
creased tht figures lowered II delivery day
This good reason why prices should be lower but
II was IN act one or the reasons why Jhey were be
sides the receipts OF two days were ln and when they
went up today they made 776 Of cOrn and 23J OF
wheat and looked large. The uncertainty rather the
feeling first prevalent that the January clique
had closed up and gone home IL the early trading, In
Roche sold 100000 bushels Of wheat at about 1O2
down 10 lOl = II Is said that last week he sold
1" Billy" MuTry a put on 100000 bushels good
certain that the price would get dollar and the
sum be put that he sold 1t Out. Tonight he Is
Wheat for May closed at 81 Of - but sold al 81 Olsa
p W On the curb. Corn for January stopped at JGc,
o teofuary at 5oec. for May at J9C The curb lsC
The chances are for higher markets tomorrow The
ftcepts VIII De moderate, and besides the call tonight
buyers or bidders Dwight ~ ciiilettS Korsha,V
and Others were bidding for wheat al 81 OF g and 81 on 10
which they did lot get.
Provisions were erratc, because they were under a
variety OF Influences Hogs were 20 cents HIGHER ~ The
yards there being only 5000 receiyed but s the
helped the bears in the fight February pork advanced To-
ga 90 but closed at $I4 42l2 10 cents higher than
81 975t for February l22 cents above MONDAYS close
The pointers on provisions are still 20 buy.