New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-21
GRAIN AND PRODUCE MARKETS.
THE TRADE IN CHICAGO.
WHEAT PIIING UP IN THE ELEvAToks-LIvERpooL
BUYERS HEsITATINS.

| WHEAT PIIING UP IN THE ACKNOWLEDGEMENTS
BUYERS HEsIrATINa.
[BY TELEGRAPH TO THE TRIBUNE
CHICAGO, Aug. 20.-Wheat desen't act as If
either the holders Of 1t to make any money the
sellers to lose money by it during the next week
so. "The price," said good judge Of the situation.
"will think, hang about the present figures until 1t
is clear whether Europe will take any OF the American
stock. II shipments a large scale do not begin
within the next week there ia certain be break OF
cents and perhaps OF TO-" There never before"
said Hiram Wheeler, the biggest elevator IN the
county, twas much wheat hand and so
little demand for it. 1t looks IL the visible sup
ply would reach 600000o0 bushels This is the time Of
year when the stocks ought to be decreasing and when
shipments ought to be heaviest. There have been
about 10000 bushels coved out in tho last week and
this amounts to nothing out OF the stock Of 10000
bushels. Then the wheat is coming I'm earlier than
1t has since 1872 when John b. Lyon his and
when counrymen sat up all night and hreshed their
grain by calcium lights. After 0is new crop gets
fairly started, which IL will next month, the
Chicago elevators, II there are shipments will be
filed up in week, and then there Will be wheat block
ade "Taking tho prices at Liverpool to-day said WILL
lam Dun, the exporter and the prices Chicago and
there is good profit in shipping Day before yesterday
shipped 1000 bushels more full cent higher price
because OF higher frcghts OF 1t takes thirty
days to lay down the graiu In Liverpool and buyers
abroad hesitate to take the risk of buying falling
will be active movement"
While wheat found opportunity in the stead
OF their speciality to indulge in theories and
sping some little diversion given tho crowd In
general by the conduct of oats The score more Of
brokers and opera who take up their stand midway
between the wheat aud crowds aud modestly call
themselves the Oat pit" thought In July. when Me-
GeOrh dumped his oats the market that the old man
had given up the deal FOR good Now, however. IL turns
out that W. H. Harvey McGeochs brothern-law, end In
whose firm he is special partner, has hold
| OF the $4,000 bushels OF Cash No
oats In this market Harvey has hesides. IL Is said,
100000 bl shells OF August, which ndscree shorts nave
play edOut brokers and the disheartenedswhe
pcrs watch. IL Will be between the robust aud be-
nhiskcred McGcOch and the country men, VIII McGeoch
he able crowd In his shorts will the countrymen be
able to get their cash stuff TO market In time to dump
on the Mlwaukeean II will probably he good thing
| they believe there Is little risk IN IL Will be
given lesson McGeorh will probably get August oats
up to 80 cents The cOdnrymen will likely get pretty
good figure for whatever oats they get TO market IN
the fifteen days
PORK is being used football now. think said
Ulricung "depress lard and ribs" am still snort ON
wheat said JOhn Cudahy today. and sold more OF II
to-day kept pretty close TO tho end Of Chicago wire
while wa away" Al O'Clock the market closed as
ollOws September wheat 81, October, S4l3 November,
SU4 September corn, 4jio October. 44A November.
397s September - %, October IS 80 November,
- so. May oats closed 2so On the snort afternoon
board the market weak hut uDcventful Al 2:3o
O'Clock the close was: September wheat STA October.
-37-. November 50; September corn, 4Jl2G45os Octo
| Der cOm 130435s November corn. 39$; September
pork - 50 September lard 80 %; May oats, 2o2 ;
October ribs, 50 30.