The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1879-12-11

upon them last spring. This, howev or, was
doubted by many, aud the, doubt seemed =
reasonable one, seeing that the decline was
relatively small, and that tho market reacted
the moment that the pressure In pork was
relieved. The grain markets were really
stronger by comparison in the after part of
the :epy, and the confidence of Western
tradeap seemed to be completely restored
before the close of the days trading.
<. IT IL NOTEWORTHY
that the down turn In prices was not war
ranted By the tone Of advioes from the other
side. Liverpool reported Armer feeling in
both wheat and grain, the French markets in
wheat were stated to be tending upward, and
the Engiish markets for pork and lard aver
aged abont .. per 112 pounds higher than
the latest previous quotations, while several
export orders received here for meats during
tho day showed that the quotations of an i'd
vance wore not fictitious. Some orders for
meats wero filed In ut fully previous prices
almeet at the time that pork and lard we're
selling at the lowest figures of tho day.
THE MOST REASONABLE sUPpoarr1oN
that the strength Of the foreign advioes
was taken as cue by holders to sell. They
expected to be unable to unload with less Of
bras: in The markets than il. tho telegr.ms
had been of . character less favorable to
strength. II 20, they miscalculated the ait
uation. Their example was followed by
snch . great number Of others that the mar
ket was not only borne down much below
the point they had calculated, but the COM
petition Of the others was 60 great that they
were unable to dispose of small proportion
of the property that they wished to unload.
Some Of the conservative operators on
Change regarded the excitement of yester-
day as legitimate sequel to the excitements
of the previous two or three months, which
they considered to have decidedly advanced
the prices Of both grain aud provisions
above point at which they could be sus-
tanned thus early in the winter. Most of
them seemed to think that the demand from
the old countries will be big enough before
next harvest to absorb every pound of our
surplus stuff, but that the Europeans are al
ready so we'll supplied that they will need to
take comparatively little at the high rates of
freight which railway rapacity imposes dur
ing the winter months, and will be able to
hold back until the raj ing of the leo block
ade in spring will permit the property to be
moved by the water route.
THE CREDIT
for pulling down pork was generally passed
by the knowing ones to person on the
board fondly and familisrly known a. " Zip"
Adams, the reputed possess or of 1O0, 900 bar
rels. The story was that he sent out q small
army of brokers yesterday morning, with in
structions to throw the fat flesh, and that
they threw it in all directions. Others fol-
lowed suit, and, once started, the unloading
process went on until the break naturally
came. just as natural was the reaction
which followed later in the day, and if the
same story should be repeated to-day nobody
will be taken off his feet with surprise. So
far as heard from, nobody was caught be-
tween the upper and the nethe. milestone
yesterday, that is, nob~dy was squeezed,
crippled, or badly pinched. The boye were.
all lucky enough to save themselves, some of
them to get frozen ont. perhaps, another day.