New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-01-29
LIVELY MARKETS IN CHICAGO.
LARGE SALES OF wEEAT-PRICEs KEEP UP-CoRN
DULL-PRovIsIoHs STRONG.
10y TELEGRAPH TO THE rRIlUNEl


tDY TELEGRAPH TO THE TRIBUNE
CHICAGO Jan. 2S.-The wheat market was
pulling to-day. One set of holders the Adamses, who
certainly bought millions Of bushels when the May OPP
ton was going at &c., dumped the whole load upon tho
market In lots Of all sizes. The market absorbed this
great line OF "ong" grain without apparent effort and
appeared ready and capable OF taking at the
good fgure-about o9c Another OF holders Messrs
Poole Kent & Co, also unloaded great quantity OF
wheat This the market took too. After both these
lines had been disposed OF the price strong II
stronger than II was before the selling began Tonight
May wheat is 99Isc. bid. Saturday night the closing
figure 9SSsc AT the opening there rumors Of
better prices Liverpool and of big export demand at
NevYork. Then along news Of rain at California.
These two pieces of news OF conflicting in
their influence The market at fret yielded to the latter
and prices declined cent bushe; and the May option
Of wheat touched 97sc.
Then the foreign cables asserted themselves and the
market advanced sharply 1t isl good illustration Of the
uneasinese of shorts tho big ones that cents ad
now drives great crowd to cover.
This is the time for the yearly January thaw;
traders who have experienced the Of other years
consequently cautious. The winter wheat fields now,
it reported well covered with snow but 1t only takes
week oust such weather prevalent now TO mako 1t
all disappear Once the fields bare, single cold
wave from Manitoba, for asinge night, would throw
the shorts" into panic and advance wheat cents.
The English houses here, especially that Of Rob-
ert Warren Co., have been large buyers Of wheat.
Lester Co. have turned the market, have covered
their shorts, and declare themselves lorg" the
"cal tonight.
Corn was absolutely featureless It sold as low az 575
and up ms high $685. closing at 81 5Sls The receipts
4s1 cars were large and the proportion of No. d69
cars sun amazing. There were not in ALL
say the brokers, above 100000 bushels
traded in to-day. Big holders, IL is said,
getting discouraged at the receipts and especially
the phcnOmenaly good grading.
Provisions erratc in their fluctuations to-day
wheat. There only 1900 hogs the yards, and
these were OF poor quality yet the market weak and
prices were lower The temperature too high for the
little packers and there fewer buyers compete
Pork opened at decline from Saturday OF 7l20 10
barrel and sold down 10 barrel. TIE May OPP
ton sCld low as $15 So. The bush influences
about the provision pit were about the same
those around the wheat pit They higher cables
better demand at NewYOrk, and no inclination among
holders to part with their property From rapid adj
which took place call, May pork selling up TO
SIG 27l and May lard 10 80 422 1t Is generally believed
that of the large Jones and ~
H. Reamarc short and that the packers putting the
upon them. The curb brokers' however, declare
tina the demand from the south has improved wonder
full of late May pork closed at Sl6 27, and May lard
at 70 22 the highest prices OF the day All OF pro-
visions closed at the top