New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-23
TIE CHICAGO MIRKErS STRoNGER
PORK 80 CENTS BARREL HIGHER II PRIcE-CoEN
HIGHER AND WHEAT LOWER.

fBY TELEGRAPH To n


CuIC,Go. Nov. 29.-It is said that 10000
,rrI. Of shdt PORK we've bought in this morning on
Chance beor, noon and tuat the transactions IN tire pro
vision nit amounted 10 100000 barrels, not including
sales and purchases OF vast quantity NJ arl ana snort
ribs ON the call afternoon within fifteen mn
uee IS 900 barrels changed hans. be-bies over 10000
tircc NJ lard Hutch &, stl the great buyer the
call" Itis estimated that hc tool; 10000 barrels for
January and May His present holdings. Of course no
od, outside NJ bis own office knows. hut they are put
somewhere between 10000 and 10000 barrcis.
Jtpo.rv ur}, closes tonight al Sl2 Do
a IlttIc over so cents barrel higher than II
was tyeHtyfour hOur~ The grent packers an All
angry Hutch" they dcc!ntc.i- pirate IVEr went
mo L. cents hundred a the y,dd- today This advance
in price 20 the great manufacturers who are curne and
r,t',r AVA. MEATS IN then cellars, two ~ them
much o.. 500 900 worth Of meat every vent holts
IA of vastly more consequence than the temporary In
crease IA value of their manufactured properly. "Ely
NcIIcnry bought today 80 said 10000 barrels Of
pork and the theory here that Mcllcy gets nearly
All hts business from Armour the CONCLUSION Is jumped nj
that however much Armour may regret the purchase Of
pork and qucnt bo.tcrng Of prices AZ this pagtru
lar time Hutchinson transactions have com
PEELED a change Of progrhnm"
1.-THE situation" says q provision broker, " about
our pit inst Il Hike this. Old Hutch
because hc owns half Interest In The Chicago Packing
Company one OF the largest houses az the yard l. al
.imnerotal 1t been thu programm" OF this clique b.
roldnc lust before the opening OF the winter packing
season 10 depres the price OF live hogs by dcprcss
ing temporarily the price Of the product the Boar
OUTSIDERS have known of this programme and have hpt
out Of pork NJ this season because o the uncertainty
how flr It was 10 hammered down. There has seldom
been trcachrry among the packers for the ltilo tenn
i0rtry mott 10 bc derived from advance IN prices
woud not compensate for the loss ert1iled
ny packing hislrpncod hogs. This year Tho
packers began ~ 10 their woat They agreed among
thenscycs tacitly PcrhaP., tut agreed that they ion-t
r,tf lcout hogs 90 hr the winning side. Hog
nearly - 30 Provisions were sod ami hammered and
sod Hogs wee lUHycrcd b. IN, manipulation At thc
yards to - so I'M, j. lGe ilslir now bnt MMe thc
big PACKERS supposed they were acting IN concert. thc'
were not hutchinson was fHSgtb mylhs at9 unany
TIE tIarcs, Just ~ nc - al any tine h'j 10 uo lie
caught good many o. The packers 'sor,' vho really
had no intention Of bcng on that side Of te market aud
wvrctO simply teHio'ailJ, AMI ~ th,y supposed ior
th- cornHnu good oi uc packing fraternity. All th4
i.h Just foI the good Of the irld. Today Mcllruy
took $1,000 barrels OF pork aud u undoubtedly goc, to
AIRour hutchinson ma conn teH .i'I l." FORGET lHr
Pric' al hogs f"r whl % iond uP with the product b
ILrlr were - 900 hogs received ai the yards ard
there 1900 leit over from last night WITH The
iIr ,,,1id have ire break I'm pricrs but he liz ad
~ tic price ol the product un the Boar counter
6a 10 ccnts The closing price, provisions wore ~
follow, November pork sil 30, December Sll Co. jan
ilaly 100; November ribs clpsru today at 7.11l..
Wheat and aI Ct-l by abe diverse influence
OF warurws, bid weather an increase IN the visible sup
ply and the excitement on the provision pit Conn
ttrOng, mainly becaH-c the alarm OF the provision
efforts" was contagious and tIc local stock corn
g. very small the corn "rOT-' especially aectcd
II closed tonight cent higher tau twenty oul hours
HgU; November @ 49, December at 4gll May
M J15-. Wheat strong aud weak by
turns, but tonight 0n the curD Is weak and lsq Ic.
under The dgITrr uf twcWytOur hours ago. Itfo0wcd
the IL every day THIS wo'kwA4 lower AT the
opening aud weak, then fru and higher ON the "cal"
the last CURES were November 35A. December o6L2
January J74. Nay 81 Oib. AID these d So.
better last Uigui. The 'cufb" ia ~. lower
Last night Ludblom * Co. bought "cals" iOr 100000
bushels OF January wheat at 912 To-day, h-t before
the opening OF The "cal apparently with the design OF
boosting prices, all the wheat called. When the
call" board began. however the crowd instead rush
ue aud bd n,, sOd the market OIL and The trick OF
LndbOn which would have been a clever one II success
nll, failed.