New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-24
SPECULATION IN CHICAGO.
CONTINUED ADVANCE IN PRovIsIoNs-ADvANCE IN
CoRN-wHEAT LITTLE HIGHER,


CoRN-wHEAT LITTLE HIGHER.
IBY TELEGRAPH TO THE TRIBUNEl
CHICAGO, Nov. 23.-Thursday was great day
about the provision pit this great day about the
corn pit. Yesterday nearly 100000 packages changed
hands in the brief time allotted provisions the call
to-day nearly 2OOO0000 bushels Of were traded in
within the short fifteen minutes accorded it the after
noon board SO far as the uctuaton in figures Is con-
ceTned stand off between hog product to-day and
corn. Pork went up 80 cents a barrel May was at
time nearly cents, and closed cent bushel
higher than It "a hours ago. The gossip about this
late provision furry is still going round and round.
The Aerton Packing Company, it is said, and not
Old Hutch" led the first bull raid the market,
and Armour pitched in after It, "old Hutch two weeks
ago was short instead OF long Of the market and
became than usually demonstrative when he
found that AertOn and Armour had broken faith with
the packing clique Then be began to buy urOusly and
before the week out had turned the tables He had
gotten past the danger of being squeezed himself not
only actually had gotten Armour and the rest Of the
packers-except perhaps, AertOnmore less "short"
to him. Then followed the gigantic transactions Of
Thursday when the packers extrcated themselves The
combination however TO raid provisions just for the
purpose OF keeping down the price Of hogs has been
broken all to pieces Product from this on is more likely
10 sell on its merit
Another bit OF gossip going about relates to the with
drawal from prominent commission house of Of its
sons packing concern. When Hutch" began TO load
up about wee~ago he gave very large order TO this
commission firm It Is said that two Of the partners In
stead going in the market to fill took IL to bucket
shop" This provoked little quarrel The sly brokers
were made scramble for the stun They were Short
and the young who tried 10 be at the time
packer and commission man. was directed to stop being
one or the other; hence the change in the
Provisions higher mainly because the packers are
DOW avOwedy bush, and because the country IS ap-
purenty believer I'm higher prices for product Large
purchases by firm which Is set down representative
of the Adams Brothers, tends 10 give the impression that
the latter operators caught short" November and
December pork closed at 81 95 January at S12 80;
November lard at 81 TO- December at 81 72 January at
So Oj November ribs nj 81 25, December at SO 49, jan
nary az So 49, There has been good deal Of steam
about the provision pit and advance OF 10 per cent
in two days.
Corn was very active aud considerably higher for May
The near options advanced very little; the May over
cent There has been general transferring Of trades
from the 10 the distant months OF late This has
been due either the fact that the big "bu" had not
the money the inclination TO run squeeze or else 10
ths That they thought the distant options such May
which will be affected by the stock OF old corn In the
country were the best purchase MessrSchwaz& Dupee
Baker x Co. and Lyon * Co have been making great
many transfers OF late One OPERATOR on the other
hand Egleston Is said TO have bought very heavily OF
January corn and to have sold for May November and
December corn closed at 49 May at 81 The receipts
today OF this grain were 3G6 cars
Wheat did not fail to-day 10 decline little. then to adj
vance sharply and close pretty strong This is about
what IL done each day this week November tonight
closed 96s December at 96A January at 9Is May at
lO5 These figures l2c better than last night 1t
continues under the varying influence OF weather and
news The strength in corn and provisions Is helping IT,
too.