, 1880-07-27


"Thcre IL no corner in pork" sny sotnc. whi!o
othora say there ia no proof Of the existence Of
corner 1t Is true Tint the July cni IL as}out Rll
soltlei up, and no one cnn sny wlth certainty
that thotc Is not enough to gu round t1l tic de-
liyeries OF August aud September till those
months nrrivr But tho folks act Us
II there was d coruer, and a great
many believe that there Is corner, alt
assurances to tho contrary notwithstanding.
Pork was shado ahovo $1,000 per bsl tho Isl Ut
June. advanced S900 ror brl Within tho next
thlfty days, and during this month. 10 fur. has
gonc up e+,00 more. making tho price ut btle
tsmo yesterday about $l6D0. 1t touched tlG.O5
for Boptombor. OF coursu there il room for
Wide differences Of opinion III regard to the
actual value ot pork at any given tsnc, hut
there lB no rtnson TO thtnk that prices would Do
anything l!kc SO high as now 1t Hunsmer packed
pork could be delivered ~ regulHr TN contractn.
A motion will rrobAby bb made toNar1s
chn1lgo In tho rules, whereby sutnmer.pnckcd
pork will 10, rcgular Ill future ycars. But tf
SO, thorc will stu TO room to get caught elsc-
where. 1t "a an oft-to'd story. Tho bears raid
a market, and force prtccs down by persistent
short selling till It secms rs f no ono would bny
at amy price. just thnre, however, 1t ~ tfscov-
cred that some shrcwd capitalist has taken III
tho situation, has accented tho offerings OF tho
short sellers Mt their own ngurcs+ md Insists
upon delivery OF tho property ttloy have sOfd.
Tic result Ia an upward rush Of prices to point
further hhoyc tho nbrmnl level than tho do
pressed prlcG WIS below 1t, aud then tho bcArs
cry out. 1t may seem hard to thdn to be COM
pelled to "puy through tho nose; but to tho
unprejudjced observer tho onc III tho chief cor
r1utive OF tho other. 50 long as there are pcu-
pic who expect to mako ,nonoy BY sollIng short
at already low prices, So long vii! thero 10 dun"
ger OF thotr bciue cauKht with r0und turn by
tncn shrowd enough to take a0rnntAEe Of their
hnstc TO t,o rict.
Arrangements wcrc 1natlc Inst week to ship q
rnther large quantity of wlntcr wheat fsy1a st.
Louls 10 ChlcAgp, and part Of 1t hns already mr.
rived. It is runorcd that a cut Tnto was secured
on tho transaction. People In tho cu1ntry slip
their wheat 10 St. Louis 0Ely to aad that II must
DO shipped thenoe to this point In ordor to lind
market. Two parties arp necessary to tho sale
Of prop crty,-buycEs and sctlers. This city fur
nishcs both. Property cnn always he sold here,
It tho holdor wants tn sell 1t; proposition which
holds good In bruad sense Of uniy two c!tios In
tho UnIted Btntts VIZ: New York ani Chicng0+
1t ia understood TINT ono elovntot proprietor
III this city bus sgnIhcd Ills willingness to placo
tho house ut tho eeryicr Of recetvers Ut ftax-
seed; and another has tntiu.ated that be IL ready
to builtl d suitable houta II nced bn. SONG ro-
ooivers estimate TINT fully q, 10000 hu Of lug
seed havo been raised In tho West year.
fLAx.sEEp.
n ths Editor of IAs Chicago Tribune.
CHICAGO, July Gil wish to correct your
statement ia commercial article OF this morning
in regnE,l to shipping tlhx-secsl III bulk. Thrpe
Among the most prominent roads cottcrtng herr,
du carry in bulk, did lust yoar, and ar0 doing 70
this year. Quo hrm Last year received nver no
cars Ut bulk, heell!es what other dealers hny0
received thu same way. 1t WIS d0na with cattro
satisfaction to Tho shipper, All the deaora hore
arc prepaid to rooolro in bulk. Bh!pposs use
\ $n-1f7 Iah hI1if $1H