New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-17
SELLERS MORE ANXIOUS THAN BCTERS.
THE CHICAGO MARKET LIGHT AND UNEvENTFUL -
DEACON HOBBS SELLS HIS WHEAT.
IBY TELEGRAPH To THE TRBCYEl

THE CHICAGO MARKET LIGHT AND UNEvENTFCL
DEACON HOBBS SELLS HIS WHEAT.
lBY TELEGRAPH To- THE TRmUNEL
CHICAGO, April 1G.--The feeling early this
morning in grain was huish." Late tonight IL was
"bearish" The host OF little traders, who are usually
wrong who bu!lcd wheat hill and beared up
hill are now believers IN permanent and subsan-
tal advance The great traders simply caping the
market Hobbs stood IN the wheat pit this morning. Of
fering in large blocks the million bushels OF wheat lie
took from Billy Murray yesterday at sl4
cents. Hs was selling at SjdSjls cents,
and got this figure Tor alot oft Murray not the pit
himself but It was sand that he had brokers on hand
covering for him. May wheat opened s4ia cents
and advanced to 354 cents II the dealer sold all his
grain he made handsome scalp on Il. The theory gen
sray accepted the wheat pit that the big shorts
Ike Murray, buying aud the big "longs.' like
Hobbs selling. made the market soft" after the first
little squirt" hich followed the opening.
wheat" said Ream, "s simply a huge scalp.
II is too low 10 sell short but there is
advance upon The new winter wheat IS only sixty
seventy days or Every day that passes without ship
men. is just much that prices will be lower
AS Tor corn, believe II VIII heel the bsls' all the
year. The crop IS probably 100000, 600 bushels short
bur his is boom year Barley cheap. and hay
plentiful and cheap. don't believe that are 70 have
any high priced Germ ths year"
There 1900 hogs at the yards and, there
no trading to speak OF about the provision pit prices
dropped. don't believe" said provision broker az
eleven that there have been twenty trades PORK and
lard this morning What little ia being done Il chang
ing"
Hogs ara coming little more literally than they did
they much than raey last year. To
day shippers than half OF receipts and
they high priced that packers compete for
them.
II there any doubt early the day the selling
operations OF the clique OF specu@ors which got under
biz jag Of wheat yesterday and the day before tbs
doubt away the day progressed The
market unquestionsby was being "eYsned
up. The traders became aware of, OF 1t and and
there was less pressure ron the
shorts and less alarm the sellers be, aue more urgent
and The buyers more and more independent The close,
one was the bottom hgre- for the day on every
thing Corn sympathiZed with wheat Besides the re-
ceptsi6O cars-were considered large. Tho 81 Louis
ans here. who, up the day wnen corn got under 40
cents, were the biggest bears nave turned bulls be-
cause the stock their being reduced by exports
and the demand from abroad Is Increasing. The fact
mains that hs market instead OF being abreast OF the
other markets Is ahead VI ST Louis relatively and
about ceuts ahead OF Toledo. IL Is hard 10 ind good
reason FOR this premium. The fact that Milwaukee,
which was yesterday cents above this market wheat
increased this lead 20 nts created COED deal OF
men, There INQUIRY ioT Milwaukee for shipment,
| ~ Il Is SAID.