The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-11-29
PORK, CORN AND WHEAT.
Provisions a Trifle Easier Under
Large Sales by Packers.
Another Advance Expected Next Month
Corn and Wheat Unsettled-Distrust
full Feeling as to the Future.
Special to the Indianapolis JournaL


Chicago, Nov. 2S.-To-morrow will be
kept as holiday ON Change, and dealers
were putting their trades in shape to-day.
The provision market eased off under large
sales by Philip Armour and other leading
packers Mr.. Hutchinson has shown
friendly willingness to accept settlement
with the dealers who tried to bore him on
about S2-a-parrel basis. The removal of
the French prohibition gave the market
more confidence and prevented more pro-
nounced break. There were large transac-
tons during the morning session, but on
the call the trades only amounted to 80 900
barrels pork, 1850 tierces lard,
and 100000 pounds sides. 1t
looks now as though the "shorts"
had about filled, and after the
lst of December there will be another APP
probation in pork product based upon
small stocks here. The only purchases
made to-day for export were $500 boxes
contracted for December.
Corn doomed early this morning under
small receipts and brisk demand from the
shorts" The opening was lower than the
closing yesterday Prices went up 1A011Ic,
probably caused by the purchase by the
Adamses of some 100000 bushels of May
corn. Partridge, the dry-goods man. was
also said to be buying in shorts" Schwartz
& Dupee and John Lester & Co. have been
buying very heavily of wheat and corn. 1t
was evident to-day that they were
realizing on the latter, and it
is believed that Norman B.
Ream was acting in harmony
with them all through, although he was
making great deal of noise in buying for
the year, December and little January. 1t
has been the impression of good many that
Jack Sturgess and Henry Clews & Co., in
New York, and John Lester and Schwartz Il
Dupee, formed quartette. who were ably
aided by Ream in their skillful manipulation
of the market If this be so, it accounts for
the weakness of January and strength of the
May option in corn, and it would not be
strange if May went down to 54@55c, SO as
10 shake out the tailers who have been such
an impediment to successful operations in
November corn. Mr.. Eggleston, with two
millions of January corn straddled with
May, is also in the way of
the schwartz ~ Dupee COMBINATION. The
feeling in corn for the above reasons is I'M
settled and weak tonight. As the country
have realized, they may take hold again
next week.
Speculation in wheat was very active, and
nearly all the leading houses were partici
pants. The shorts covered freely, and the
Longs" were free sellers. Another drop in
French rentes stimulated the market so that
January wheat sold for 81, but finally closed
at $3.50. The remarks about corn are appIi-
cable to the deal in wheat as we'll. Nearly
half million bushels of January wheat
were sold on the call, the greater portion of
it at 9S13c, and probably on account of
Schwartz & Dupee's New York friends. 1t
was said tonight that Robert Lindblom was
a heavy trader for New York parties to-day,
and that he was called for margins to the
tune of nearly 100000, to which he smil-
ingly responded. There is a very nervous
feeling running through the whole list, and
no one is willing to attempt to predict the
course of the market more than twenty-four
hours at time