New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-28
THE CHICAGO MARKETS EXCITED.
LARGE SALES AND An ADVANCE ALL ALONG THE



CHICAGO, Nov. 27.-This was another nOta
bic day on Change. For months 1t has been the
plant OF the packers and great provision traders that
there was not action enough about the provision pit to
admit even of manipulation Property could not be
bought in big lots without the whole crowd being let into
the secret sold without the world knowing all about It.
There has been complaints this kind for
week past To-day the two calls, morning and after
noon, where altogether less than thirty minutes given
to the transactions in hog product 100000 barrels
Of pork and 10000 terces OF lard changed hands. The
transactions during the whole day must certainly have
been five times az large About the wheat and corn pits
the speculation upon the gigantic proportions
on the afternoon call 100000 bushels Of wheat and
1900, 900 bushels Of corn changed hands.
The changes in the quotations enough to be
satonal, especially coming these changes do after
very long season Of fluctuations and graveyard
like quiet. Corn closed tonight the call IA 2is cents
higher than last night, wheat 2d3 cents higher pork
dollar barrel, lard and ribs 50 cents per hundred
pounds higher. Tonight the curb the feeling il very
wild. There has been little break OF 15d20 cents in
pork and L L cent in wheat and corn "Puts" and
"cas" on wheat and corn selling l cent from the
market. The general feeling appears to he that while
there likely 10 be wild fluctuations the grain market
here for week Is pretty certain to be "bu
one.
The pork crowd said that provisions were strong be-
cause wild; the men. that May corn
booming half Of sympathy with provisions. The
buying frenzy has been getting possession OF the local
crowd here fora week. II got pretty complete control
Of everybody this forenoon when the was received
that French securities were good deal lower, ana niue
later that the rmOr current in Bordeaux that the
French prphibtory Clirt would be removed. Mcssrs.
Armour & Co. had special cable dispatch this point
from their agent at Bordeaux. IL said there simply
opinion that the prohibition would very be- removed
Hutchinson s continues his buying Of pork. although
they did week AGO II i part Of the gossip OF the ply
that among others Hutch" got "sid" Kent and
tf.V1f in f-s 1fa fhq
Packing Company" short TO him. 1t is a notorious
orators themselves consider the interests Of the corpora
ton of only secondary interest and that whenever they
together there is chorus ~ barking and snars. u
IL also part ~ the gossip that about month Armour
loaded with great lot OF provisions having ordered
one day 10000 barrels OF pork Tor him. and that being
enormously "ong" hc bears with equanimty the start
linz advance in produce and live hogs which, were not
ior the great packers favorable position on the market,
would be- very undesirable. A. il Is Armour, and
the other manufacturers all talking dolefuly OF the
very bad effect upon their mJcrc-, OF this untmrly adj
vance In the mlTsr" II l. noticeable, nevertheless that
3 pnrcd wa. the Eaycr Of honan3 Of barrel. Of pork
~ toys big ayanc" and tue crowd Is also OF the
Iay"rs. Indeed It is not hard to hear about amy
of the pits such expressions The yellow
wagon j. under me Whot hhScj athu - OF AtIour
after that million be- iost McGc0ch y; or: II looks
Ike an Armour deal all around" These opinions amount
"a very c, except IN ih- hSh it u SHOWS lhc popu
lar confidence iu the advance deal j. never SET down
a. an Armour deal unless things look very strong.
Corn carried up by the buying OF the local crowd
which has been growing more ana more " bullsh Ior
pek
been growing more and alarmed as they saw the
hui, growing excited There are those who believe
that Il moving up too fast, hut there has
been general conversion Of the local traders
over To the bull side. There have been
MANY samples ~ black. nusy corn received OF late, the
receipts have been steadily falling oil, and the demand
has an the bile continued good that II II the proper
thing now Ia talk siNtyccnt corn for May. This Vas
s.dcrpd radical. and Wild week ago There II
no deal IN corn: everybody agrees upon tins.
Jack" Strurrr, who represents schwartz Dupec
al New YORK h believed Ia have gotten his friends right
u corn and 10 have made good dead OF money for thcn
but nobody believes that Jack Sturgrs and bis friends
are In shape q sustained deal They have been
hight big scale. this Is all There were only 2ss
cars OF corn received.
Wheat was %, strong to-day corn, and even more
excited when began 10 move up the traders who mad
deserted the wheat pit for the provision aud corn PITS
rushed back. January wheat nj about IL o'clock was
selling under o. cents. In Elf hour II was going at
gqI4 and after regular close during the hour be
tween The close and the call sold up 81. ON the call
board The transactions In IL 100000 bushels.
There are many traders who believe That the wheat
crowd being the last TO catch the bun fever VIII De
the last To recover from IT, and mat perhaps for FORT
night with ups and downs wheat VIII continue 10 rise
Although wheat 4, lower the alley night, the com
mon prediction il that 10 viii advance before tins boom II
over not less than cents II closed tonight NJ 896 cents
for December gJ-s cents for January 81 O5l5 for May
Corn closed nj j3a cents for November and january,
and 5G cents May. Tie closing provisions was
November pork. $i3; December, ~ 91l2; january
Sl8 %; November Lard, - 30 December, - 40 Jan
uary - CO. November ribs stopped nj - 90. mere
were hogs at the yards. and they were IOce
higher than on yesterday.