New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-29
FEATURES OF THE CHICAGO MARKETS.
DECLINE IN PRovIsIoNs-CoR AND WHEAT
MARKETS WEAK.
[BY TELEGRAPH TO THE rRIBUSE.l

lBY TELEGRAPH TO THE TRIBUNEl
CHICAGO, Nov. 2S.-The official announce
ment of the resembling of the decree prohibiting American
pork from France did do much for the provision
market to-day the OF this action did for II yes
terday Tho effect of the decree discounted-Over
discounted. Pork to-day closed 2j045 cents barrel
lower than last nights lard and ribs 1920 cents per
hundred pounds lower The receipts of hogs next week
VIII, 1t is predicted be enormous for the buyers
are securing the country for them; yet the
best men here prophesy that the of provisions
Will be up The recent advance begun in the face Of
an enormous increase in the receipts and continued
while hogs were coming at the rate of 10000 and $4,000
day The packers, it is reported will combine to keep
the hog market steady ordering their buyers TO give
above a certain figure. With such a cOmbnatiOn-the
shippers cutting figure at this season-even the adj
OF pork to $l6 land this figure talked Of by the
knowing oncs) will not whit help the farmer with hogs
to sell.
There were no such to-day about the provision
pit as were witnessed yesterday The of prices
such rather all ny than increase the excitement
Those who were short" had opportunity to get out
considerably cheaper than they expected yesterday. The
longs" simply had their profits reduced. The transac-
lions were not more than half large either the calls
the floor Pork for November closed at 1878 for
November and December stopped at 8.2O January at
$40; January ribs closed at $50
The receipts of corn were small tOday-Only 224 cars
and, with great influx Of buying orders from all
day. November corn touched IS cents, December 54ai
cents, May SO cents Then there was decline OF 19ll
cents. The fact that holiday TO intervene before
another trading day around tended weaken the
market IL caused wholesale evening up and, the
local crowd was long, the evening up process tended to
weaken prices There were no new features to the mar
567s These closing figures q cent above those
Of yesterday.
Wheat was affected like by the evening up pre-
paratory TO Thanksgiving Day. The January option
when from sympathy with the great strength about the
corn pit wheat advanced toOsOld at 1904 At the close
1t was 2 cents lower. The December option 1os
cents and all the other options 20 lower
than last night II is agreed here that the situation IN
wheat IL logically weak, but the logical situation, IL Is
believed will cut every little figure for the next fort
night There Is frenzy for buying, and II is predicted
that IL will prices cents higher beforet has passed
on Besides very strong clique, made up OF
Kent, Nat" Jones' and others. after being com
PEELED 10 cover at sacrifice recently has taken the
bull side. and has, II is reputed, been buying million
or two of wheat day for the last three days II
Il figured that IL will take 10000 900 bushels to I'LL the
crowd up The attitude OF this crowd OF importance to
those figuring the conduct OF prices in the future
November and December wheat stopped a OH January
at 9S6. May at l0G May closed 81 y cents, IL z
cents under last night.