The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1879-12-11
CHICAGO SPECULATION.
Wild Day on 'Ch0MQe-H0s0 the Market
Fits Up and D0scss.
lChicago Tribune of Saturday.

Wild Day on 'CAa~qe-Hos0 the Market
Fits Up and D0.ct.
lChicago Tribune of Saturday.
At the opening Of the market yesterday
morning there was . rush of orders to buy,
as usual, on account of parties outside, and
prices advanced under the competition
between purchasers. Wheat went up about
one-fourth cent, and pork about . quarter of
a dollar per barrel. But the buying orders
were not go numerous as on previous days,
aud it soon became evident that sellers were
in the majority. Tho party who bought 20
much pork the previous day commenced to
sell. Offering it in rather large blocks. and the
idea that he was unloading oil that he had
previously purchased struck the provision
crowd with = general panic. Within twenty
Ave minutes from the first sale pork had de-
clined ninety five cents from tho top figure
of the day, amid the widest conceivable
rush on oil sides to sell, and the varying viii
ingness to buy the property. After the
market had gone down about 26 cents, the
number of would-be sellers was increased by
those who were, in the language of trade being
''sQUEEzED OUT OF THE DEAL"
that is, the price had declined 80 low that
they were unable to pay up the margins
which they were momentarily expecting
would b called for. Az consequence, the
transactions were unusually large. It was
impo sible, amid the Wild confusion, to
make note of all the sales that transpired.
but it il probable that tue entire sales Of the
day aggregated not far from 195, 900 barrels
Of pork alone, being . quantity but little
short Of the usual production of barreled
pork during what il known a. the regular
winter season Of four months.
THE LARD MARKET
was Affected by theidecline in pork, but not
to an equal extent. It dropped about 46
cents per 100 pounds, while pork was de-
clining 95 cents On the barrel. Both re-
acted about IL o'clock in tho day, and by
noon the market was regarded
as comparatively steady. 1t then
slowly advanced to within . small fraction
Of the latest prices Of Thursday afternoon,
again eased off, and closed on Change rather
steadily, but weakened in tho afternoon,
and pork closed 1t 20 cents below the latest
prices Of Thursday, while lard closed 1t Ii
cents below the closing quotations of that
day.
Although tho grain markets were weaken.
ed, they did not decline 30 much ~ provis.
ions, the difference between tho top and
bottom prices of tho day In
wHIAr AND CORN
being about per cent. Wheat declined ~
cents during the break in pork, and corn fell
of ~ cents, both reacted when provisioua
turned upward, and touched about tho Latest
prices Of Thursday. The feeling in the
afternoon was shade easier, but CLOSED
B to cent lower, and the latest dis.
advantage in corn was only about u
cent - compared with the previous day
There was . good deal Of speculation ~ "a
an independent cause for tho decline in
grain. Some people who were watching the
market asserted stoutly that wheat va
breaking because tho party Of capitalist
supposed to be led by David Dows d Co., o1
New York, had been unloading quietly for
two or three days past upon tho brokers ol
Jim Keene, achieving substantial revenge
for similar operation performed BY Keene