New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-09
SHARP ADTANCE IN PRICES.
RUMoRs or A WHEAT DEAL Embarrassment
OF FITCH Il PHILLIPS.

fBY TELEGRAPH TO Tie TRIBJNE.l
CHICAGO April S.-A member can walk from
one end the other In these days. inter
rogate every operator who shouting himself hoarsc
in some crowd can stand IN the pit from the stroke Of
the bell $50 until the last bit of trading has been done
al 40 and then see nothing worth the telling. II any
thing was doing would scarcely be possible determine
what it was in the sweltering pack Of go com
mission men and brokers filing the wheat pit
at such times these. II the great traders wanted
to buy they would give their orders to agents who would
be identified II they wanted to sell they would do
II so that nobody would know t. And IL Is patent that
even the harpet observers not keeping track OF az
fairs They all said for instance. this forenoon that Ar
buying wheat again; yet in an bour prices
were of nearly a Cent-a good sian that
the observers had changed their views. Even
In the little provision pr, where all the mem
bers are ike brothers. there is the utmost ignorance
to-day whether the longs" have mloaded or even
whether they want to unload
There have in plenty There has been one
rife Of late for instance that Armour and Kent had de-
termined TO take hold of again not having made
money out Of the little whr they took few weeks ago
But" saws Cossper conflenually, but not emphat-
cary III you've got any long wheat and are waiting
for Php Armour, Kent, anybody else to take hold
OF the stuff aud TO bull it for you, why
then. drop it, drop it at once" They'll not
do IT, THEY'VE had al they want OF H. II
thew ever should take hold Of il again they'll bull FOR
themselves. They'll take good care they nave lew t4l
Prices this morning at $50 opened about last night,
figures and advanced sharply. Corn for May was urn
and went from sos cents up 10 81 and wuea Tor the
same month from 50 cents up % ssh. FOTK
md lard opened higher and kept pretty firm
until lust before the close. There was
one collapse IN the provision trade. Mes-rS. Fitch n
Phillips an old commission house, especially wei[kuOwn
i'm the south and southwest ordered their trades trans
ferred The firm was sacrificed, it il said by 4 prom
irerf local tra,er who laid down on them The firm
cav thlt can paw bit vii close out is business In
The forenoon pits devoid Of interest There were no
great buver and especially IN com The crowd was even
dull The operators from - Louis here, who
have been great bears" and who
big sellers, exhibited anxiety IT the rally.
and apparently covered shorts In wheat tners was
much more activity. The shorts exhibited more
anxiety There have been plenty OF ruuors Of late Of
syndcates take great LOT OF The grain al The present
low prices and set down by some that the ruH0r-
and the big purchases Yesterday by two or three
firms might have some relationship. The NIL
waukce&n- were said 10 De buying this fore
the transfer Of trades by Fitch Philips prices became
rmer again The report Of the inspectors showed that
Tie stock wheat in store here had decreased during
the week 10000 bushels The private cables received
after the posting u the public ones showed little better
tone abroad. The feeling became general about noon
that an mp inevitable and even the IecaIcant
shorts reRan 10 20 ashore. At one TINE May wheat
sold up to s3av cent?
The receipts o. corn larger and the inspection bet
ter than anticipated This eased prices and The hres
fell of lirtle On the curb tonight May wheat closed
AZ spa cents May AT Ash cents, May pork AZ
Sl6 MAY lard 4 322 Tho receipts Of corn were
sITpr,e and from being the strongest corn has be-
come the weakest ald most uncertain Ting Oh the -a