New-York tribune., 1884-01-08
4 Dull DAY IN CHICAGO.
| FLUCTUATIONS IN GRAIN-BALLOTING FOR PREsI-
DENT.
INV rcp IN

CHICAGO, Jan. Tt was weak, and until
almost night duh day about all the grain pits. Wheat
opened at Saturdays highest figures and even advanced
little above them. Corn acted the same way. While
the receipts up 10 those usual on Monday they
large enough to dpel any ALARM There were 80
cars Of and 162 of wheat. Then the market
broke 1t was day annual election OF the Board
There excitement over the contest and 1t de-
tracted good deal from the interest in the trading
Prices made slowly and the changes were trivial
About noon, after May wheat had touched 81 G3il and
May GOla cents, there began heavy selling by big
bear" houses, and it continued TIL the close ana On the
can.
The weather has moderated anl it is expected con
sequence that all the grain which storing along the
western roads between here and the shipping points will
be coming In within the next ten days This makes the
crowd fee "bearsh, besides nearly all tine rich opera
tors arc new hearing" wheat, even those who were
Walker IL Co., Lester & Co., Poole Kent " Co.. Jones,
Lludboom Co, "sd " Kent and McGeoch are said 10
be short enormous lines large share Of the cash
iocaI stor"s the' aImott total absence of sbu-
OcG c1 Soand 'fI t6e nromi.e Of nera receiTis
coHseoncnces he market acted differently today from
wnat was anticipated saturday Prices at the close OF
last week looked strong It was expected generally that
this would be bul rather than bear" day, and
"pus" sold while calls were sold well away
The sellers OF privileges were badly deceived 1t costs
those who sold wheat puts last saturday q OF cent
per bushel tonight TO cover the call Tonight tue
sellers were Lndboom, VINO was apparently
trying 10 break the market and VINO succeeded,
George chapman ana kcdul. Lester was Il DuytIs
evidently covering shorts" he helped at times TO
keen the prices down. Schwartz Dupee and Dwight
Gillette also prominent buyers The sales OF wheat
on cali amounted to 100000 bushels
all day fol owed the ups and downs OF wheat The
trading small and did not become active toward the
close did the wheat pit. On the caH, weak
and ls lower. because wheat had been given such
pounding but prices did not break was hoped and
uected by the bears" Wheat tonight is
= centsunder the curb price of last Saturday
Corn is only q of cent under. The principal trading
was In May and Schwartz Dupee were buyers OF this
option. May the curb selling tonight at 5JSs
cents It predicted tonight that tomorrow viii be
weak day. The signs point that way with fine weather
such as promised by the weather bureau and with big
receipts the scale promised by the railroad men and
grain receivers. Wheat is likely touch 81 lie and
perhaps 80 cents This is the way the crowd talked
on tie curb before going home There were $4,000
hogs az the yards, less than were expected,
and prices first higher. The bears on Change
were al he opening sellers and broke prices down
little but the pit was dun most OF the time. Armour
was a big buyer Of ribs and pork
The baloting did not result in the selection OF pres
dent. Not OF the candidates got majority OF the
votes The leading candidates were T.. n Blake and
A. NJ. Wright The former the famous July Wheat
Committee which decided in favor OF Armour, and
Wright acted counsel before that committee for the
defauers. This election reviVes all the personalities OF
that famous contest