New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-01
ENORMOUS DEIiIyGS ~ WHEAT.
THE CHICAGO MARKETS GENERALLY EASIER-sHnP-
MENrs SMALLER THAN EXPECGED
TRY TELEGRAPH TO TIE TRGBCNEl

CurcAGO. March 31.-Thc packing crowd
yrAich bought largely last week at the bottom prices
was big seller to-day. Singer, the fayorte trader TOT
this coere sold 100000 bushels or wheat III ABOUT
fifteen minutes There much conjecture as 10 VINO
was Singers principal On this point broker gave the
tI,o,,irc oni,ion "a very large share OF the cash
wheat here IA being carried by Hutchinson and his bank,
the Corn Exchange. Last week, when the markets
Looked panicky and the declines I'm prices were so
sharp a. to cause apprehension OF ldluIeS'
Hutchinson was a very large buyer There were Othef
very rich meu In the market from the same or similar
motives Armour was unquestiOnabIy very heaVy
buyer in order that the provision market might not be-
came demorallzcd Then there were Kent and Rean'
who had been short" and who bought to "coyer'
Uadcr he purchases OF this very rich syndicate prices au-
vanced nearly We centsa bushel.
"Its the impression tonight that today Hutchinson
unoadod what had left from his purchases or ies'
week. Altogether hs uBloaded about 100000
bp.bcl. Of long wheat The market eased of
under so heavy offerings and dropped ll9 cents
Iusber Ifit had not been that Ream was covering
shorts pat ont on Saturday the market would have sur
fered moro lie took in 100000 bushels In the FORE
noon aud was a steady buyer the call The big selling
nv o crowd WAS the feature of the day, and gave the
tone TO the market The fact however, that the much
talked OF shipments of wheat do not show up in the pro
nortiou. nredlcted helped 10 bearish temper
instead the appearing 100000 bushels
ss prominent private inspector had prophesed the OFF,
ca statement showed that the movement for the forty
eiht hours was only 900 bushels Then the weather
was all that could be hoped for
In twenty ye4rs says Hiram Wheeler, there has not
haa such d5mand crops there are no freezes no
do DISASTROUS foods terribly dry spells Inc wheat
market has the sensational features I'
,yrek and traders have recovered their equilibrium
A good deal az comment caused by the fact that
Nil waukee was all day q cents above tho market rms
WIS first set down due simply to the fact that NIL
waukpe No spring wheat. beng OF extra quality, was
being ought more than Chicago No by shippers InS
view was rather confirmed BY runor lhat zOo.ooo
bushels had been engaged there 1Or shpnlcHt.
Later however It was lcOrned that Oliver
h Hd vcGcoC very heavy seller dispatch stated that
900 600 bushels wheat Lad changed hands In Mwau-
kee with very ~ transactions Ibese ngre6 were taken
with grains VI salt but enough was received on GOOD au-
thov TO make II plain that either local foreign Ope r
siors had been treating the Milwaukee market TO
Nav wheat here opened at s72 got up to ssa, and
closed at lowest figure of the day on inc cal at
The call McHenry, Ream Geddes and Hobbs
we're buyer singer alternately bid for and offered quar-
ter million lots so that II not easy to tell what ne
rr, wanted Lester about tue AlS esL sCIeI
The trading almost altogether IN SlOoOOo OlsheI
In,s or more and the little traders were completely
sIenccd over 100000 bushels changed hands on the
Tho receipts Of coru to-day O7s cars were small for
Nondav but The feeling although better than about the
heat Dit was not strong. ThoMay optonS opened at
SG its S wheat. "p che close O the curb was
65A " cent above tho 10 figure OF the
S9v Roth Reauf and Hutchinson ere large buyers OF
corn especially on tho call. Lindblom was bnysr
while schwarZ and Duree vas prominent As seilers
There Is no feature to the Tlc save that the recsp
Provisions we're dull and although Influenced ltt'
i nv Grain. were featureleSs.