The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-11-28
A LOUD CALL FOR MARGINS
Field Day Among the Chicago
Gamblers iH Pork and Grain.
Heavy transactions in All Glasses of Hog
Products, Which Tend to the Initiation
of HutohinsOn's Bank Account.
Special to the indianapolis Journal.

Special to the Indianapolis journal.
CHICAGO Nov. 27-Another field dav on
Change has ended, and tonight there was
lively drumming up of margins. 1t is re-
ported that one or two small houses failed to
meet the demand upon them, but it is be-
lieved they will be all right before to-mor-
rows business begins. The business for the
day foots up very heavily. Hutchinson was
in his element, and it is supposed his heart
is being made glad by contributions of about
81 each for many barrels of pork from Geo.
Eldridge & Co., and others, who, for some
weeks, have taken pleasure in boarding
the old man on the floor.
Among the largest buyers to-day
was Rean,, who covered lot of short
pork at 13.z5@13S2H early in the day.
George Baldwin was buying, and Hutchinson
sold lard and pork on the call. The. hog
market started in 10c higher, with 1900 re-
ceipts and 5000 left over The shorts" put
in an early appearance, and pork went up so
@70c per barrel over yesterdays closing and
under the realizing of the longs went off
15(920c, and then, under a brisk demand,
rallied 30@35c. and closed steady. On the
received announcing that the prohibition of
the importation of pork products into
France had been removed, and there was
very wild session, in which it was impossible
to tell who were the leading operators for
every one seemed to be selling and buying.
There were sold 10000 barrels OF pork, o.
500 tierces of lard and 1900 900 pounds of
short ribs. Toward the close the latter ar
ticle was held generally above the views of
buyers 5@7 &c per 100 lbs The speculation
in lard was very heavy ON the
board. 1t opened 10000 higher
than at the close yesterday, adj
vanced .2o@. 25c, settled back .O5@ 1Oc,
and closed steady. On the call it advanced
So. 10c, and closed at $S97@ bid for May.
Philip Armour in commenting on the re-
moval of the prohibition in France, said it
would affect the spectators, but not the
merchants, as there was an abundance of
product and plenty of pigs in France; be-
sides, it was evident that, while prohibition
had been removed there were some restric-
tions which might prove as bad for exporters
as the original edict itself. Mr.. Armour said
tonight that he thought the packers,
were willing to sell at present prices,
but he did not believe any of the packers
had been caught short" as had been re-
ported
There were some weak points in corn to-
day, but they were of brief duration. The
market was excited, and blocks Of 100 900
bushels were tossed backward and forward.
The market closed steady, with an advance
of PIC for December and January, and &c
for February and May. One million three
hundred thousand bushels were traded on
the call, which closed with November and
the year steady; January and February
were higher and May lower.
Wheat opened weak, then stiffened
little in sympathy with corn
and provisions then went
little higher on the war news, backed up by
a fall of French securities and then jumped
forward all of a sudden. The shorts pro-
ceeded to cover, regardless of prices, and at
the close prices were PIC higher for Decem-
Der and January, and 214c higher for May
than at yesterdays close. Nearly two mill
lion bushels changed hands on call, and
prices were bid as follows: January, 99Hc;
February, $1.OO2S; May, SLOT. On the curb
everything was lower; January wheat sold
at 9911c; May, $1.O6A; January corn. 53c;
May, 569sc; January pork, $13.75; January
lard, S.421ac.