New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-11
THE CHICAGO BEARS IN TROUBLE
GRAIN AND PROVISIONS GOING UP-THE MARKET
IN WHIRL.
LEY sGRAPH TO THE TRmuSE.I

lBr TELEGRAPH TO THE
CHICAGO, April 10.-There is no session OF
the Board tomorrow Traders tonight buying and SELL
ing privileges Monday, evidently anticipating dall
tine Saturday. "Puts" and "eas" indicate that tho
crowd look for little easing up from the pressure
which the markets have been under for two days The
curb tonight was considerably under the
"cau" close May wheat selling at sjls cents,
May at so and May pork at 17.45. All sorts
Of produce closed higher thaR last night
principal centered about the provision pits
where although the trading was small, the excitement
great The OF hog products, who kept quiet
all through the decline showing their hands It
is possible to buy pork" said trader. The 'shsrts
have sold themselves into a hole. Armour, Plapznton
and Cudahy have quietly absorbed all the low
priced options during the recent break, have
sold their cash property In enormous quantities
and taken all the contracts that the Chicago Pack
ing Company offered The situation is that Sanger
and the Packing Company are short probably 5000
barrels Of pork perhaps and there Is no pork for
sale purchase OF 100000 barrels sent the figures up
this mornln twenty-five cents barrel The shorts no
in the hands Of the tumyirate They'll get no sympathy,
either They made little money on the bear side and
became uncomfortable"
David Dows & Co., and RoOert Warren & Co..
created crowd nur tor. 1s u'Ss bunH the
price of the May option cents There is said TO be no
pnS orders IN today The real reason however for the
said TO be the desire the part Of the holders
so much talk about the Milwaukee syndicate this morn
ing As yesterday. The bright weather had dssipated
some Of TIE felt by the shorts. and there NO
signs in the pit Of any effort BIZ ANYBODY TO sus-
tain prices. The cables came In weak as
usual Under general sort Of selling the market eased
off full cent. May wheat opened at s5ia cents and
dropped 10 s+ss There rumor OF failure IN tho
trade in Boston. and this did not strengthen
at this moment appeared to De uncertain tain:
had suffered not little from the squeeze OF yesterday
The market IL O'clock acted II ready either to adj
TO decline upon small provocston. After tho
provision trumvrate began 20 work about the little pit,
grain began rise The excitement OF the shorts soon
exceeded anything exhibited by them yesterday. ms
sellers Of the morning umbed over each other In their
anxiety TO back their contracts AT llO m, when
the last trader left the wheat pit the May option
was going at s5& cents, and June at e7+,
highest price touched since tho tumble few days ago
to so On the call touched SO cents The stus-
ton about the around the pit, although
has been talk OF clique In this grain The news
from st Louis that the receipts were small less than
100 but this simply Offset toe influence or the er
ceptOnally fine weather. Lester Go. were
selling some corn. George seyerns was buy
ing some. The May option opened at sob
cents, but dropped, ike wheat, cent and
by IL o'clock was going at 49as The crowd was finally
caught the whr which began at the provision pit
May closed at sos cents. nearly the highest figure
the day and the bling OF the shorts was about az
active as in crowd Billy" Murray continues
large seller OF grain Schwartz and Dupee are large
buyers and ashore it believed in some Of their shorts