New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-03-09
THE CHICAGO MARKETS.
ADVANCE IN THE PRICE OF HoGS-PRoVIsioNs
BUOYANT-GRAIN FRACTION HIGHER.
IBY TELEGRAPH TO TIE TRIBUNEJ

lBY TELEGRAPH TO THE rRIBUNE'J
CHICAGO, March S.-The packing houses
of Armour Co. have stopped killing hogs Inc men
were sent home yesterday. Beef iss still being
slaughtered and t is proposed kill hogs week to
furnish fresh meat for is said that this Is
the first time the history OF this concern that the
making of pork has been suspended
"With hogs at their present price and the product
going az cheap as it 49," said r. d. Armour, there IS
loss to the packer OF dollar hog. We are not
willing to manufacture at such a loss; but
this is only one consideration The fact that there are
too few hogs aud those received are poor In quality
Yesterday Eastern shippers took all that arrived ex
cept 2,000 not enough to start up with"
What are the prospects rs to starting mp aganP
eve want 10 keep house gong; 1t has been our
policy to Keep open the summer. wbea most OF
the other establishments closed Just as we
get hogs, aud the for profit improve we
shall resume killing"
In what way do You expect the situation TO improve
by an advance in the price OF the product or Dy
decline In the price OF hcgsP
"Rv an advance An the product ! have been Of the
opinion all along that this OF hogs was to be small
and would be nearly exhausted by the end OF the winter
The fact that so few and poor hogs are arriving
Notwithstanding price they bring is so nigh, confirms
my opinion. The supply In the country Is almost used
"You regard the situation in provisions then as
VERY American cured meats going forward TO
Germany as usual. Tue prohiOory decree does nor go
int effect until thirty Gays
not yet been published" -, no o,o
During the first three days Of this week only 3Gs3S
hogs were received the stock yards, and 1887 OF
5000 Pork closes tonight 5915c. per barrel higher
than night lard ga lOc and short ribs l221 loc
per hundred higher & Co were buyers OF short
ribs ana the McGeOch firm took IN lard Inc
opening figures for pork were 097i2c. above
last nights. The attitude OF Armour ana
Mc(eOch made the whole crowd buoyant' ana
prices advanced very rapidly especially the figures lOr
the Nav option. While March and April were moving up
7oa I0c IL advanced 25 cents barrel some OF tue
advance was lost but May closed at $lS42l2 agaiust
SIS 27Ia yesterday aud March at $lsl7l9
NAV lard was at time at IL d. liz above last
night IL closed however at l1.47aa 80 IL olened
at Wednesdays close 2l20l2l aud closed within
cents OF the top. Two NEWCOMERS are said TO have
5000 600 pounds OF short ribs bought for May.
Grain closed fraction above Me1nesday, but was not
as buoy ant as provisions Both wheat aud opened
lac lie lower advanced SIC 7sc, aud then lost nearly
all the decline The market left 20 its own device
for while NewYork quotations were lower, foreign adj
vices were on the whole better. The receipts were Ony
average 10 cars of 362 OF and l16 OF oats
nandS OF Cincinnati n. q. Miller Of New-York and
Moore Of indianapolis the members OF the old January
corn clque are all here and are waiiing, IL ID be
tn ret in large purchases Of n H. Reain who has
been 10 ana OF the wheat market large scale re-
| GENTLY was n neavy seller to-day, selling most OF the
alf million bushels Of wheat that sold on the call
Both wheat Continue obstinate, but appear 10
nave lost bnOyancy The heaviest traders are sellers,
while the crowd OF little traders cOnstu the Dull
party There are only three big hOu kershaw Co.,
| Lester Co.. and David BOWS d Co.. prominent among
the buyers.