New-York tribune., 1884-01-25
AN UPWARD BOUND IN CHICAGO.
OPERATORS IN PRODUCE GET sURPRIsE-BRrsK
BUYING.
r BRISK
IBr TELEGRAPH TO TnE TmBUyEI

lBr TELEGRAPH TO TIE TRIBUSE.I
CHICAGO, Jan. 24.-Whenever the brokers
and operators leave the curb at night unanimous or
nearly In the opinion that the market IL TO 20 IN or
that TO go down, they pretty certain thu next
morning 70 be treated to surprise IL easy 10 sae
why this should be Yet this Is OF the aHoms OF
the few rich scapers who almost invariably ca tho
turn" and make money. Last night, nine out
of ten OF tho little traders who make the
'curb," after the bigger operators have gons
to their Offices predicted that this would be bearS
day, time Of mourning for holders ubilaton time for
the shorts The curb traders and alley prophets
were treated to the surprise which anybody acting ac-
cording to the above rule, would have predicted.
May wheat last night closed at 96S IL IL gong to-
night at 9Sls May closed last night at 5sc; the
I" shorts" scrambling for it now at 5sa.
Pork to-day for May reached ard passed
tho $l6 goal, and closed at SI6 O7l2aSIe 10
May lard closed at 80 80 The markets. with the excep-
tiOn OF provisions, all lower for time this morning
May corn was as low as 57S and May wheat low as
SO.
The receipts Of Mr. Walkers a1res touching the visible
snrpy which showed That there has really been reduc.
ton OF nearly 100000 bushels although the official
influence. Then Mossrs. Milmlne Bodman & Co., rich
Baltimore shipping house. began buying. and kept
taken at about 96s All this time the tendency Of the
markets had been down. The purchase OF the Baltimore
they amounted 10 only thrty-twO OF wheat 248
OF corn. This, with the buying OF Messrs. Milmne,
close the regular board at one o'clock,
wheat had advanced q cent and a
cent. Provisions also strong The fact ths5
the shipments of wheat, although very small-32 900
busheis-exceeded the receipts did not make seller Of
anybody III the corn pit the trade was comparatively
dull; but the provision crowd were buying.
Whenever pork went mp peg, over to the corn pit
prominent provision broker alsO large buyer and
Is popularity believed that he represents Cudahy, who
Is down enormous holder Of this grain. In
the provision crowd, Jones and Ream, who have until
recently been sellers, were buyers Alongside Of them
were the packers, who were buyers too. "The Big
Four" said a broker. scrambng for their shorts
The packers watching them and expect 10 make them
pay for them"
On the call at the close the trading was enormous and
the shorts in great alarm. Thirty five thousand bar
rels OF pork 1900 trrces Of lard, 100000 pounds OF
short ribs, and 100000 bushels Of grain were
traded within the hour. Singer bid for pork
in 5OOO barrel lots: and jones' Rea and others were
buyers the scale. Wheat, which had closed aJ
97s upstairs, started on the call at a, ran up In a
twinking to y and going at 90. Lester was
bu er an III Us and i.ndbOn aud Robert Ware 40
trading was enormous Almost all these traders pa Tor
10 900 bushc lots, and took all they could get over
800, 900 bushels changed hands, and the close was at
9sls Hobbs, it is thought, Ia loading up WIN long
wneIt, Lester covering. In corn, on the eau, the uahS
WAS o large.