New-York tribune., 1884-01-27
4 PECULIAR MARKET.
yAGARlEs OF TIE CHICAGO WHEAT PIr-A STRONG
BULL MOVEMENT.

NAGAhIIS OF lie CtI(AGO NIiEAA TIA SlRON4
BULL MOVEMENT.
IBY TELEGRAPH TO THE TRTBCNEl
CHICAGO, Jan. 2O.-IO-days market was q
most peculiar one. Wheat at one moment looked weak
and at another strong. The May option at minute
sold above 90 cents, and within five minutes was
abont 0sla There big buying, but the figures would
not 20 10 99l There was heavy selling but they would
not 20 below 9s The market had every appearance of
being pegged at 9sl2 The receipts were small only
forty three carloads and the cables higher.
"Thcre was" SAID trader, good buying all the m0rn-
INK through brokers quotations went under
o. &c group OF brokers ready TO take apparently all
there was 70 sell. Judging from the men, should cay
hat they represented Hobbs and the Adamscs' Messrs
Poole Kent Il Co bought largely all day and Jones was
large seller lie, however seemed TO be rather pounding
prices than selling wheat. He offered 100000 bu'hei
lots = cent under the market lowering the quotations
without getting rid Of much grain. Ira Holmes was
large seller The wheat pit controlled inc
feeling in all the grain pits. The close
was 995 cents for May against 90 cents last nsht anu
at the opening this morning
The railroads which last week informed their shippers
that because OF the grain blockade at Chicago they eouo
not guarantee warehouse at this point have sen'
out new notice. saying that the blockade has been te-
pory raised This action Is taken because the decla
ing regular" OF few irregular houses ana tue lc-
moval Of a large quantity OF grain TO vessels ha.o
made room for 100000 or 3OOO0OO DusAeS
more. 1t IS figured that this VIII increase
the receipts next week OF wheat and corn
It is generally anticipated anyway tnat with the conu
uance of such weather prevalent now, next "eeAs
receipts will be pretty large within the last TWO weeks
there has been much and the western railroads ha'o
been delayed In getting freight in. The selling tonight
especay by Nat Jones' upon the theory I'LL eXpapeu,
that next weeks early receipts, temporarily AT least VIII
break the market and consequently that sales to-day Nv
about 80 cents will pay good profit There mas
been some changing Of position however, withh
the last few days. Nat Jones, for instance,
who was such a bear for sixty days and whose prOhts
rom selling are down enormous, said to-day lhd
he was bull now upon the outcome and that he believes
mat wheat was cheap enough. Poole Kent Co, wig
led the bears month"; are now OutspOken Dus dhu
promnent buyers. Corn has been remarkable during ho
st two or three days only because II has been auoso
entirely neglected. To-day il did nothing 0f IFS OWL
motion When wheat went up, II advanced Z
RAPIDLY The receipts larger than was auuclpdlcu
1903 ears and the inspection ala OF No y continues ~
puzzle that body An intelligent explanation OF WI! %
large a proportion Of the current receipts CRAZE No ~
when so small proportion went No. last year MI, NJ.
vastly better crop apparently one or those hnBs "u
no fellow hereabouts give. Either there Is scas
srns OF old corn in the country, larger certainly ns
ann OF the bulls dream Of or else the crop 'nis Soh
IA vastly better No one can decide WIZ.
There was break OF 22l2c. IN pork to-day ana an.us
hreak ia lard NAV pork stopped az sl6O2 - May u as
COL The prOyisiou said 1t was haturhI te,s
s,n rnn a bis advance" Pefh sN still remains aootVlo
TSare we're only 900 hogs at tho yards To-Day tov e
tr the hackers TO compete for consequently sniah "
~. receipts were prices went on ~ cents