New-York tribune., 1884-02-20
4 BEAR MARKET N CHICAGO.
HEAVY SALES AND LOWER FIGUREs-sIGNs OF A
REACTION TO DAY.
icy TELEGRAPH 70 THE rRIsUSE.l


REACTION TO DAY.
Try TELEGRAPH THE TRIBUSEl
Cu1CAGO Feb 19.-It is the belief tonight
that Jonesand Ream the Big Two, as they nave come
n he known sold to-day not leess than oOOOOOO sushes
of wheat and corn The general impression too tonlshls
that be pair have sold stuff they do not own and that
they are now enormously short" Jones on the call
cold about 900 600 bushels of and nearly as much
wheat The corn call was exceptionally excited, Linz
blo1n took 100000 in one lot from Jones' ana
the latter had sold four
lots before Jones wanted apparently to break corn as
he broke wheat up stairs during the forenoon Ihe Duy
er however in the afternoon were too many for him.
Af,cr Indboms purchases Linn bid 5Sl2 for one NIL
Uon without getting an OFFER ana theh plu
59loa 81 for one million bushels. From until O'CLOCK
scarcely man opened his mouth for less thah l'oVo
barrels Of pork 100000 bushels Ol gram II was
contest Of giants, in which the fellows WIN small o'S o
short bank accounts stood show, and dared not part"
cipase. ,-,,
Early this forenoon the weather was popiOuS Ior 'el
ing The sun shone and the air was mild, two thlngs n
which however ioseay always i1sU S aboy bc close
al which m9de upon the depressing news OF S
INC I'm large lots and OF other brokers, who hnaJ
eaye up the name of Edridge Co.. did the same thing
ON one asniS Mag by Jones aud his brokers. News
was received from Kansas that the ther-
| mometer had suddenly dropped twenty or thirty
| points there in very few hours. and also from
the northwest thai BLIZZARD was 9ysng & t
and the traders who were being overwhelmed
| by the tremendous pounding Of the "lig
Two" Prices the close rallied and May stopped
1908 the call The strength or the feeling here
night shown by the fact that calls selling full
! WAYS and comfort 20 either bull OF
steady" aud the demand better" the private messages
| or such OF them exhibited. al tbs other
way. When wheat was selling az 1905 for May, the
Big Four" raided pork and got II down TO Il 80 for
Nav Jones then pounded wheat that despite the
forts 10 sustain IT, the figures dropped u veneignths
| RV q O'Clock il was blowing great gale
| here and the mercury was dropping fast ~ lt
| could 1t il universally felt that severe
freeze at this time Kansas, Ohio and Illinois where
the fields are bare would be pretty likely 70 do much dam
se to winter wheat great freeze such AS Is likely To
| occur tonight will be an excuse at any rate
| for no end OF evil prophecies, and for
bnlIsb predicOns Said trader 10 night II the clique
which sold such vast quantities OF corn ana wheat should
becOme alarmed and should begin to buy III their shorts
the prices OF botn and wheat might advance Two oL
three cents IN day For instance II undOuDted new oil
erOp damage follows this freeze do not believe lhat
ANYTHING keep prices down. This selling cDque lO-
day according % The views Of everybody IN tuls mar
ket over trading Let them keep up their TRANSACTIONS
on the same scale, and the crowd viii get ali theii
money yet"
NAV wheat closed about q cent higher than twenty
four hours ago There Is such thin2 as reibOhlnt
cut the fuuIe course Of lne poVlsion uAAe AHe PAeA