New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-02-22
LOOKING FOX DEAL IN PROFESSIONS.
THE MANIPrLAroRs UNDER COvER-CHANCEs Foy
BROKERS N WHEAT AND CORN.
Try TEIEGRA pa To THE rRTRryyt

CHICAGO, Feb. 21.-The provision deal has
got to point where the manpulators concesing
their operations fortnight ago It easy how
sides were taken 1t Is easy longer Armour may be
great buyer, a great seller and be tho
wiser Brokers have been changed All the tricks OF the
pit have been resored to- Pork to-day advanced 62ls
cents barrel and It set down that Armour aud
Cu1ahy buyers huge scale. IL Ia
hard TO see how this be moro than
guess however. Pork the other day looked sick aud
weak. 1t Is argued that Armour aud his
lieutenant Cudahy, could make sudden a change IN
the situation. At any rate, although neither
OF these traders figured openly in the
pit to-day. the crowd is confidently de-
claring tonight that the pair bought $4,000
barrels OF pork, and chuckng because IL looks
If Jones aud Roam are in hole again. The Latter
have been too successful In their great bulldozns
operations be popular. May pork closed tonight
at RlS IS. Last night it closed on the call at 81 52i9
Nay Ira tonight stopped at 20 80 last night ciOsed
no longer any question that PROVISIONS are Manipulated
Lard apparently he'd by the Fowlers ribs and PORK by
Amour otl, do not believe that any advane has yet
been caused by manipulation TANK on the other hand,
thai the recent decline was caused 10y H. PORK aud Lard
consideration the supply the cost OF production and the
demand The chances are mat all kinds OF product wiz
from the influence OF simple natural supply ana de-
mand This manipulation 100. is certain 10 make the
Ii was little remarkable that with provisions so
strong today, grain should have been SO weak;
especially the parties pounding grain are the
those who are believed to be short Oh product.
But wheat and altogether wanting
in vitality and dropped, and dropped untn
little and weak holders became dehOralzed May wheaG
low a, oslo and May low as 5cl2. Tho
former closed curb at 9S3i and the latter at $3.50
the curb. Ii turned out as predicted yesterday,
that the decrease the visible supply or wheat
small-Ony 100000 bushels There were bullish reports
and reports from New York crop damage
Indiana and Ohio. They counted for nothing against
the which the big bears had caused the hundreds OF
lutte bulls here. Conservative traders 10 be found
who believe that the situation In the winter wheat
kets Will from this control, at least modify, the
speculative feeling There twenty odd million bushels
great bears II winter wheat markets getting bare
and this il claimed be the fact and If the price Of
red winter wheat advances at New-YOrk and
st. Louis, the influence OF the vast stock or spring
wheat will he Offset Operators can make money ~
buying at times like the present when everybody THINKS
tue price TO down, aud by selling out when tho
figures have gone up little above dollar 1t Is still
scalpng market TIE fact that Is q holiday
perhaps little affected the market.
Corn dropped manly out OF sympathy for wheat, al
though Otner found Tnege are those Who
argue that the fact that Ouly 10 per cent Of the now
arriving grades contract" IL for decline
rather than an advance There were only POI
ceved to-day and of these only 81 graded. Hutchinson
a large buyer OF corn to-day taxing about haf
million the call through Singer There an increase
in the visible supply but this not unexpected. MOt
commission declare that corn cheap enough.
The demand for track and sample goods continues good.
There good deal life at any rate, In corn than Ia
wheat II better deal Good people are holding big
lines OF il, and holding for good advance, too.