New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-21
An ADVANCE IN CHICAGO MARKETS.
LARGE PURCHASES BUMoRs OF BAD WEATHER,
AND REPORTS OF HEAVY ORDERS FOR EXPORT.
[BY TELEGRAPH TO THE TRIBUSEl

AND REPORTS OF HEAVY ORDERS FOR EXPORT.
[BY TELEGRAPH TO THE rRIBUSEl
CHICAGO, Nov. 20.-Led by provisions,
which we're very strong all sorts OF produce to-day adj
vanced Pork went up 1925 cents a barrel; lard and
ribs 5a 10 cents per hundred pounds This advance
gained in spite of the receipts OF hOgs60 00O
The pressure which the packers kept upon the market on
Change in order affect the price Of live hogs at the
yards has, it is believed been removed. The theory is
that going "short" OF pork IN order 10 affect live hogs
has become too expensive especially rs Hutchinson has
been gathering in the pork Just fast the other pack
ers have sold it, until he has, 1t Is believed, over
$4,000 barrels for January delivery alone
To-day the packers who have been selling and selling
az they supposed to the general public which drops pro-
duct very soon after it buys 1t, but really to sold
"-changed their tactics and became buyers WIN
Hutchinson still prominent buyer and with those who
have been selling Of late also buyers pork to-day started
I'D with whr and closed at almost the highest points OF
the day. January closed at SI 90 November at 11 10,
December at 81 LIE.
sixtyye thousand hogs in day is the largest num-
her ever received II the receipts keep up any such
scale the packers may have their hope realized and the
price may 90 GIG cents but in fortnight the receipts
are likely to fall OFF slightly. The arrivals arc always the
heaviest during this month when besides the natural
shipments by the farmers the agents OF me PAGERS are
also hurrying hogs forward II possible 10 produce gut
and weaken the market The price was cents lower TO-
day the warm weather being against packing. II this
latter continues the receipts VIII IAN on or else prices
will break Off
Although the principal share Of the speculation is now
in pork lard and ribs are keeping abreast of IT, Ribs for
November closed to-day $780, for January at 602ls;
Lard for November and December at and for Janu-
airy at 40 The interest in provisions Is increasing GER
tainy and there u.s. locally at any rate, general conf
dence in them at these prices.
IT rained to-day The belt Of bad weather very mar
row II did not stretch the grain country so as to
affect shipments or loadings at all, but this made no
matter Indeed, when IL rains in the wheat country,
and Is pleasant in town. the weather cuts figure
Int when as 10 ay there wind and water TO be seen
from the floor OF the exchange the shorts are very
much depressed the bulls" corTespondingy elatcd Then
wheat was affected by the great strength OF provisions
and There were very few features 70 the DAYS
b,r byer OF wheat and the gossps had it that his prfu
cipal was ComstOck, % bull" operator on the call
board smith Mccormack Co. took 100000 bushels OF
wheat for Decembcrevery bushel OF this option which
wasofered Hobbss purchases are supposed TO ne OF
long" wheat, Smith, Mccormack & Co.'S OF snort
The receipts Of wheat and of corn too, were smaller
than yesterday and smaller than were antclpated Inc
fluctuations were within cent, and the course OF the
market exactly 1t was on Monday. Az the opening
there was feeling OF weakness, then Pretty slap de-
cline and just before the close very sharp ray Inc
closing quotations were full cent above the lowest ng-
of the day. and about half cent above the close yes
terday. =, ,.. ,,o,,h. o., ,o,, >, sotd q
broker attempting explain the phenomena OF the day
hnt there was very little for sale when bids were made
large share of the orders sent here to-day TO buy could
not he executed This OF always the case but
more than ordinarily the case to-day The market al the
while kent little ahead Of the ideas OF buyers over
600 600 bushels Of wheat changed hands on the call,
and about 100000 bushels OF corn.
There wos a report here I'm the morning that largo
amount OF wheat mad been taken for export az
Evidently from the tenor OF the dispatches received
mens had made for the export direct from mere OF
a large amount OF the grain. Commission houses mere
and AZ Gotham were probably swapping lies Tie vessel
men said that there engagements for the shipment
OF las, 900 bushels of wheat The bears however de-
care NAT This was simply going into the holds OF vessels
m save storage and would remain either there OF az Buff
faO until spring. 1870 >, - a.. -
cept 439 car) smaller than looked Tor ana parity
beause word was received from NewfOrk that arrange
ments had been completed for the shipment OF large
ouantty November closed at 49ls, December az 4sl9,
Nav M 81 10 Oats L cent higher. On the curb the
feeling was little easier.