Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-27
R0YEsI0XS L8aD THE DECLINE.
CHICAGO.
Especial Telegram to the Globe. I

legislative assembly in refusing to COL
firm the resembling of the prohibtory de-
cree against o importation of American
hog produc into France. They also
bought as few gs as possible, which in
the face of rec days sccumuIa-
ton and very warm and thaw-
ing weather, made things look
blue at the stock yards. February pork
opened III $1+ 20, but was soon depressed
by the selling out of Billy Murray's line of
over 90 900 barrels, and under liberal offer
ings from nearly the whole Of the packing
crowd vent off to S141715, finally rallied,
and closed very weak at $14 3O9 914.32L.
On the curb was further weakness, and
$142215 selIar was about the quotation.
Among the largest sellers we're Dwight &
Giliett, and Davis, Atkinson & Co., and
Schoemerman outside Of the packers.
The attitude of Daus, Atkinson Co.
was generally looked upon as developing
really the weakest point in the days mar
ket- They are large exporters, very con-
seryatiYe but daring operators, aud the
general inference from their offerings of
hog products was that thsir correspon-
state Of the market in Europe, and the eb-
seucs of any great demand for American
hog product. Some claim that It is now
e.lsut Sho the parties were who last
woe& ge-e Offering long and short ribs 10
@125ac under packers prices. Among
the packers Charley Singer was
selling for the Packing and
Provision company: Frank Cliff
ton for the Anglo-American packing
company, Kirkwood, and Cudahy & Stee-
vars were the most prominent. Armour's
-l9a we're in tha ranks of the sellers, but
this evening it is believed that 'Billy"
Morgan's pork all found its way into the
"yellow wag ons," i. e., Armour's, except
perhaps 10000 pounds, which Nat Jones
managed to capture. There was a good
deal of realizing, still more of evening up
trades and some shaking out of the small
er dealers.
The prices for lard followed pork, but
there was q stronger undertone, end prices
closed only 5@1Oc lower than on
Saturday. Peter McGeoch continues to be
free buyer on every break in pork and
lard. He begins to be regarded more
favorably, and it has been freely reported
that it is his intention to pay up in full
ali his Indebtedness on the board which
was compromised. He has been uniform
ly on the right side of the market since
his return to business, except in the case
of oats, which he sold out to attend his
mothers funeral Over 10000 hogs were
left unsold t1-uiv ht and packers expect to
break the market tomorrow. On the other
hand dealers say that the hay crop of the
North west is fairly harvested, and if the
packers want to fill their houses they must
pay for the hogs.
Corn opened with boom, which was
caused by the desire of shorts to cover in
the face of reports of January manipula-
tion, and that option went up from 611ao.
up to 634c. There were very large trans
actions, although but few at the extreme
prices. May was also very active. 1t
opened at 62lfc' The bulk of the trad
ing was at 621ac, but prices
finally eas.d of and it closed at 61l l4c bid
while January closed at 6l15c bid. The
causes for the weakness which developed
during the latter part OF the session were
reported variously. The posting of the
receipt of 800 ears, although it was for
period of ninesy-six hours, had its effect.
The reports that several hundred cars were
being loaded for this point at Kansas City
and St. Lonis, and that southern Illinois
was about to commence shipping millions
of bashels, were backed up, or rather
made formidable By the receipt of
forty cars via the Illinois Cen
traI railway, all of which inspected
No. ,, and the weather reports of cold
wave coming. Then came the attempts of
Schwartz & Dupee TO unload lot of Jan
uary corn, and away went the favorite
options, and its principal hackers With
drew their offerings. During the excite
ment it was noticed that several brokers
were irdnstriously picking up all the Feb
ruary corn which was offered. It still
more clearly appears to your correspondent
that the January deal has been and is
quietly being transferred ahead, and that
there will be a light squeeze every
moath up to May, III sil
probability. It does not assume the dig
nifty of corner, for the shorts interest
cannot now be very extensive. What
there is of the January shorts must be
widely scsttered, as all the leading houses
clsim re be well nerved up.
Large lines of loug wheat were closed
out this morning, and the opening was the
highest prices of The day, while on the
curb s1.o+11s was the best price named fol
May wheat. Scalpers were ready to take
small profits, and as the close Of
the session approached were ready
to accept small losses and get ou
of the deal. There was hardly rally OF
dc bushel from the opening to the close
In addition to resl1zing the longs wer,
transferring their deals in order to get gu
OF the way of the cash property. Thi
posting of the stocks showed another in
Grease from 10,931.710 one week ago t.
IL, t16 $50 bushels. This added to ths
depression, and the selling out of some OF
the most prominent longs left the market
in condition which can hardly be ex