Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-22
tempt being made to this end but opinions
diverge as to its probable outcome.
ryood danond ooa;n avietod for coeh

liberal ADVANCE IN prices was oSCaDl1SneQ
for those futures, but the larger deliveries
ruled steady and were not materially
changed. Car lots of No. 2
sold at 394@391lc. This was A@1c over
the outside world and 11a@1Ac over in
side quotations of yesterday. Sample lots
were firm on account of the high prices
prevailing in store. The demand was
fair. The better grades were mostly Or
dered in store.
Barley was dull and unchanged, and rye
dull and weak.
In the afternoon the feeling prevailing
earlier in the day continued, and all the
grain markets ruled easier, corn being
shaded a further 4c.
It has been several times remarked by the
GLOBE during the past fortnight, that
deals were being carried on very slyly in
oats. It was said that those who sold too
much short oats for delivery this year would
get badly left, and now this prediction
is coming true in every sense of the word.
It has now got noised about through the
ally that certain Peoria houses have cor
nered oats, in this as we'll as the st. Louis
market. Their operations have been very
quietly done and now they can put on the
thumb screws as desired. 1t is alleged that
the Peoria parties who have the corner are
E. s. Eaton, M. G. Quinn, the Griers and
several other houses. They have been
steadily buying oats for some time until
the market has been largely oversold by
Eastern spectators who thought SOC would
be about the right price this season of the
year. The Chicago firm of David
Bows & Co. has also had a slice of
the long side of the corner.
AS there are only few more days in the
month, when the year option expires, it is
thought that the premium will be much
further advanced. Forty-five cents is pre-
dicted for the cornered option. This line
of long oats held by the combination is
said to be nearly 100000 bushels, and
that if they settled at IS cents a bushel the
profits will be fully $1,OOO,OOO.
Only moderately active business was
reported in the market for hog products
and the changes in prices were slight.
Spectators transacted fair business, but
largely on local account. Shipping de-
mand rather smaller and orders generally
for limited guam titles. The receipts of
the product were fair and the shipments
of all kinds large. Foreign advices
were unfavorable to holders and lard was
quoted Sd lower. Eastern markets indi-
Gated little change in that quarter. The
demand for mess pork was moderate and
the offerings were fair. Prices exhibited
very little change, averaging trifle lower.
The inquiry for lard was fair and the offer
ings were not very large. Prices were
steadier and trife higher. Both held
steady on call; $4,000 hogs arrived to-day.
Market active, strong and 5000 higher
for light grades, but unchanged for heavy.
Mr.. Phillip D. Armour, who knows, if
any man does,says that the outlook for the
packing business never was better. His
firm is killing 700 head of cattle
and 10000 hogs day. This year they
killed 10000 head of cattle and 100000
hogs. They employ $500 men, and draw
checks daily for from 100000 to 100000.
Mr.Armour works harder than any man in
his employment. He is at his Office every
morning at o'clock and stays there until
6 p. M, when he is driven home, and unless
the house is on fire he is in bed at o. m.
over 100 clerks, nearly half of whom get
salaries varying from $4,000 to $4,000 a
year. His ten head men dine with him
at noon every day, in a room over Charley
Kernes' restaurant. The meal is
sort of cabinet meeting. The
head of this great business,
which is a fitting representative of Chica-
go's greatness. is about fifty years of age.
Twenty years ago he and his brother be-
gan operations in an humble way with a
few hands and small capital. Now the firm
has three mammoth establishments. the
one here giving support to 1920 en-
ployes, one at Milwaukee to 1900, and the
Kansas City branch to $500 as we'll as
about 10000 men employed outside the
houses. Armour's wealth is now way up in
the millions and with Fairbanks and two
or three others he controls the provision
trade of the country.
The recent unsteadiness in corn and oats
finds Its victims all over the
country. Yesterday, James A. Wilson
treasurer of De Witt county, committed
suicide by hanging. He has served five
years as treasurer and was elected in No
vember for another term of four years.
He was well off and was a heavy dealer in
cattle and stock. His business was all
settled up to date. The cause of Wilson's
suicide was from heavy losses sustained by
dealing on the board of trade. He was
heavily long on corn and was closed out
Monday; had he held on another day he
would have come out all right.
The directory of the board of trade
passed unanimously the following resolu-
ton:
WHEREAS, Since the last session of
congress the people of Illinois
have, with great unanimity voted
their willingness to cede the interest
and title of the state in the Illinois and
Michigan canal to the government of the
United States on condition that it shall be
enlarged to sufficient capacity for the use
OF boats suitable for the navigation of the
upper Mississippi river, and that it shall
be extended to such point on that river