The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-12-03
DELIVERY DAY In CHICAGO
No Great Secrets Disclosed by the
Monthly Shifting of Property.
Enormous Receipts of Hogs, and the Effect
on Provisions-COrn and Wheat
Selling at Lower Prices.

CHICAGO, Dec. 1.-The deliveries to-day, which
were watched pretty narrowly, disclosed no
great secrets. They were liberal, of all kinds of
produce. The most interesting feature about
them that the cash corn which has been in
the hands of ]. B. Lyon q Co. settled the deiv-
cry boys say, into the hands of Schwartz q Du-
pee. Jack sturges's customers, it is believed,
now have the cash grain to do with as they
please. Wheat, pork, lard and oats went around
freely.
Next to the deliveries, the receipts were of
special interest. There was a notable increase
in them. There were received $40 cars of wheat
342 cars of corn, and 1874 cars of oats
I, The arrivals of hogs were phenomenal, and
more than any thing else affected the movements
of the day. There were 1000 hogs at the yards
-as large receipts as were received on Sat-
urday. Originally the big days OF week were
Tuesday, Wednesday and Thursday. Saturday
arrivals are almost invariably not above half as
large as'upOn the other days of the week. To-
days unusual receipts promise consequently
enormous arrivals next week. The shippers
predict that there VIII be upwards of 27O, 900
\ hogs at the yards between next Monday morn
ing and Saturday night. To-day, although the
packers and shippers were both active, prices
declined 100l5 cents. The state of affairs at the
yards affected unfavoraby the price of provi-
sions from the start. The packers became ap-
paIenty large sellers, and with the exception of
purchases by MeSsrs. Cudahy & Stevens the
market was without good support. There was
SOOu u6ai H selllHR DN 5cdlIerS. WHO were OF JIe
opinion that next week will see a break in pro-
ducts. Pork closed 40c under the figures OF
twenty-four hours ago; lard 17leD20c UNDER
short ribs l0015c under. To-day's drop makes
the advance in provisions for the week less Sen
sational In pork it only 70c in lard 35c
per 100, and in ribs about zoe per 100 pounds.
Wheat, as the sign indicated last night, was
lower to-day. So was corn. The latter grain
really controlled the temper of all the grain
crowds. The feeling is that there has been
vast deal OF realizing by the lucky corn longs
that the receipts next week Will be very large
compared to what they were the past seven
days, and that 1t Will be cheaper even for loyal
corn bulls TO get out till there has been little
slump than TO stay in and tightit.
III The conservative traders here all recognize the
advance which has taken place of late in wheat
is altogether speculative-that ia, unwarranted
by anything which is apparent in the supply
I and demand of The situation, but they are also
z aware that both advances and declines begin be-
fore the reasons for them make themselves very
!; plain.
In an unacceuntahle sort Of way the majority
OF the commission men nave gotten upon the
bull side OF wheat. They appear to feel that it
is safer to bet on an advance than "a decline; but
nj the same time admit that likely as not there
are to he weak spots. 1t closed tonight at 967sc
for December, 975sc for January, 81 .05la for
Maya drop for the twenty-four hours oi a cent
Tt closed just go 5se above last weeks close
The change during the week corn has been
more decisive. May, the optien most traded IN
closed tonight at $3.50; week ago it sold just
&c cheaper.