New-York tribune., 1884-01-16
CHICACO MAREETS Still ACTIVE.
LARGE SALES OF wHEAT-CoRN wEAE-PaoyIsIoNS
STRONG.
lBY TELEGRAPH TO THE TRlBUSE.i

LARGE SALES OF WHEAT-CDHN NIAk-pfONIsION
STRONG.
lBY TELEGRAPH THE TRBUSEi
CHICAGO, Jan. 15.--The grain markets opened
at an advance with the feeling very about the
pit but little uncertain in the wheat clique. The May
opton in which nearly all the wheat trading is dOne
opened at 9slic 9Sl2 o. Sc and then upon
saOnal rumOrs from New-York relative to the stock
market sold down. Sensational stories flew about very
fast and the market sensitive, the price dropped
from 9sla 9soc to 97ac before anybody had time 10
satisfy himself of their fasity 1t was difficult mat
ter 10 engineer this raid this forenoon II made on
the corn pit too and May got down TO 5s1c from
59lic The bears are In the majority. The sensation
mongcrs are many, and the alarnsts nnmer-
ous enough TO make the creation OF htto
temporary panic not a difficult thing. Tho raid
this morning however, amounted TO Htuo
Wheat rallied corn back and provisions closed at
o'clock at about the highest flgtIes OF the day. ,
In the afternoon there were new stories aioat how
ever and they had enough effect upon the guuble 20
May wheat TO close at 0sl To sell later on eu
at 05 cents and to drop TO 5s for the same month
Lester Il Co are believed TO have sold gea.
deal Of wheat, much OF it " short oon 6 Is Srbe1 es9
sold TO Roche 100000 bushels sale for 9sia Ils
same gossip says that the wheat went down 10 U Us
Hutch' The latter is said To be covering the cal
LmdblOm helped the market along down. selling laI1s R
quantity apparently for Ira Hoimes VINO stq3d ] " and
elbow. Poole, Kent * Co. were buyers. nluloh nnu
half bushels changed hands the call. The feenns
continues uncertain on wheat although all the e3nseIf
tive which have been closely identified WIN
either the bull the bear side of the market up 10 ,
present time. are advising customers to p9y w. Si nnt
their lines all breaks. The crowd does hot
appear have yet become convinced that the January
deal" whatever it that the Sturges clique coF
| templated, has certainly been abandoned. Il.
Cash went around freely yesterday and denNeos
made at sacrifice too showing thai the clique N'
anxious To get ready money than 10 save interest,"
II claimed that the clique got large share OF TINS gram
| back again. IL did get back, undou0tedg.
| but IL went again to-day. II ever q
| squeeze contemplated, IL has ben
\ abandoned. January corn, for the first time ia .
month or more sold yesterday at natural dseouns ~
February showing that the unnatural pressure 70
| nh contracts for tins month had been relieved CP
questiOnably squeeze for this month was cohteihlN
ed" said a commission merchant; but there wetc loo
many holders, and there as many different opn.
tons there were hOlders The result has been Iha 80
want OF concert Of action the contemplated corner - -
through Corn selling On IL merits, ahd Tor '
reason Il a much better property foE honest peOpo
( trade in." -, 49,. ,h.,,-
selves buls on All kinds OF products. The packers s
l,sst the hg on ~ are all bulls on pro luct ana
sro ANAL sellers and big buyers The agltaon al ASH.
;,on and the apparent effect IL u having nc PARIS an6
BerIn for retaliation help along tho bulsh ieenng
There were hogs at the yards ano the prices u"
| e0nts lower , . ,..., -oe .a-s ~ c,-, oTa
~ o and "a cars of wheat The talk l. being reyt ~
| about the alleged bearishness OF tht "NeAolso SA