New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-02-07
THE BULLS TRIUMPHANT IN CHICAGO.
WHEAT AND PROVISIONS STEADILY RlsING-A GEN.
ERAL MOVEMENT EXPECTED.


IBY TELEGRAPH TO THE TRIBUNE
Chicago, Feb. 6.--May wheat tonight on
the curb closed 81 oil bid half hour before, on the
call It had stopped weak at 81 002 This illustrates tne
alarm Of the shorts and the enthusiasm OF the buyers
This option last night closed at 9ssc 20 thae 'ho
advance to-day little over cents bnsel Every
thing else advanced May was up to o9sc May
lard 10 SlO and May pork TO S17 s5 Wheat, however,
was all day the centre Of attraction There Is
little doubt that both Armour and Kent have been largo
buyers wheat of late and large holders OF IL HsyH
Hamill e. Brine bought wheat all day There are good
reasons for believing that the principal for these pure
chases p D. Armour Brine, in this concern was up
10 January l. Armour's confidential man. Besides, Oh
tho call tonight, Armours own employees "cro
open buyers OF wheat In large lots Ihere ~ soiao
reason believe that Kent buying other than tni
His brokers are purchasers Messrs. Poo, Kent 20.
week ago telegraphed their customers that they oo'
ueved it was time TO take in " short" wheat
Tho bulls have recovered all their courage. Recenn
dsappointments are Offset by little forycent advance
I'm pork and another little twocent advance ~
grain There las been inside OF tweny-four hours,
great deseron the "bear" ranks The buyers VINO
have forlon hope for months are strong en9ugN
never was before In the market complete quckef
transformation than made between nghIaI vi Sess
ea tyo nd p 9oc9 ii that has so altered the feeling
which taken place In wheat and
decline thew have suffered is contemplate The citation OF
buyers and the sudden changng about OF Ie
thew see that the movement Of prices OF produce nag
changed not only that the downh tendency whch M
existed for months has stopped, but tnat ah-ulhu
movement has begun. ,,.,s, ox ~
The crowd say now that May wheat bent for 81 % be-
fore any subs tantia break takes place. III closed lsl
night at 7sc opened at 99c this morning ana ate
fnomentary weakness advanced TO ~ oOoS H0DDs Eu-
wards Pool, Kent Co., Baker, Jones' EdWard@, ana
score Of others buying on great scale 4
believe" said a conservative trader, both Kent anu
Armour were to-day big buyers OF wheat me %neaq
bears claim that the advance IL due almost aOge,he
the manpuyre OF speculate and give these details NAY
Jones Re0m Singer, Henry Warren aud perhaps song
Others loaded up with wheat week ago upon tne tneory
hot with so great advance In pork would not De
djfcut thing to grain. They boughta million or TWO.
| Wheat showed no great strength. They poughu
more later and Yesterday ana today o sSoSfs
big and little became alarmed. The Adamses covered
great line and other big bears became aarnleu Wnet
ooIoc aud 81 was reached" "H" says am Operators
the earn Jones synd cate could sell out Their f0OOO0o
or 600 600 bushels wheat to-day they'd be big WIN
| ners don't IL nix they could do IL, however"
The cables on both wheat and corn were higher today.
New-YOrk considerably higher Inc thcrnometer az
| Kansas City was said to be only six degrees aDOVa
zero The Ohio river was booming The weather eNeryt
| where over tho West was said TO be bad. Ihes9
were all legitimate bull influences. They undoubtedly
had much to do with the advance. . ..
Cndahy and Stevens Baker and others from the proyS'
ion pit buyers OF corn. May opened AT 9,2e, al-
yapced To 597sc and closed at 50lc PROVISIONS werd
strong early In the day and weak later They we're COM
paratiyely duh throughout tho whole session. May
! pork opened at Sl7 OH, advanced 10 e. 1sos
closed at Sl7 62l9; May lard opened az ~ 80.
! sold I'M to $40, and closed at 80 SIZE. Inere wel9
only 600 hogs the Yards, and heavy packers were
selling at SO 80. The receipts were small especay 9t
corn ard helped along the advance. Ihee We're Only %
cars of wheat and POI corn The curb rate on May
| pork was $l7 70 on May lard 80 92i9.