Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-06
CoaNER N PORK AT CHICAGO.
Armour Says Those who Sold hhat
They Did Not Own We're
Too Previous.
AN ADVANCE IN WILLARD STOCKS.
And Several Mysterious Condolences
Between Willard and Gould.
CHICAGO.
Especial Telegram to the Globel

CHICAGO, Oct. 0.-In5 provision Oull5
had field day and the market for hog
products was the most excited to-day for
many weeks. The market was active on
speculative account and for October de-
livery. Prices ruled materially higher
under good demand, which came mainly
from the short interest and from those
who are supposed to hold the stocks in
hand. Other options opened weak, but
became stronger afrerward, sympathizing
TO soma extent with October. The ship
ping demand was small throughout. Re-
ceipts of hogs were liberal Twill be about
$1,000 for the week, against 57,6O1, the
same week last year)and prices we're steady.
The shorts we're anxious to provide for their
outstanding contracts for October and No
yember delivery, and prices we're advanced
materially. Pork was active and October
closed SOC per barrel, November 35c and
January 15I zoe higher, und all closed
rather frmer with good business done in
futures. Cash was dull at October prices
on the regular board. On call the offer
ings were moderate and prices steady at
slight loss from the highest points of the
day, the sales including 1,5OO barrels Oc-
tober, 1000 November, $50 December,
$500 January. The shorts had scare
enough to-day to last them all the month.
Brokers were Offering pork and ribs freely
on call, very likely for Armour,
although it is now generally understood
he has the October option badly cornered.
He said to-day that the men who had sold
property they did not own were too pre-
vious, and TIE experience would cost
them something. The indications are for
a smsIl break Tomorrow, but prices Dur
ing the month may gradually be crowded
to much higher Level. Lard was active,
stronger and higher, the October option
selling up forty cents per 100 pounds
above the closing figures in Chicago yes
terday, while the longer option closed out
little better than on Thursday. Cash
was dull at October prices. On call it
was in good demand, and offered
rather freely at a slight decline
from the highest points reached on
regular board. Sales included 500 tierces
October, 1000 November, 10,5O0 January.
Hutchinson sold large lines of October
lard in the evening, and prices may break
tomorrow, but will act in sympathy with
short ribs. Lard is undoubtedly being
Anipulated also by Fairbank & Hutchin-
son, and higher prices are expected next
week.
Flour continues quiet and trading light.
with some looking about, and firm prices
we're bid, but there is quite q scarcity of
desirable qualities, and this vas pre-
venting business. The home trade we're
not caring 10 purchase,while outside buyers
were having good orders for low to the
better bakers brands. Rye -four was slow.
Bran and all miilstufs were doing well
and holding at firm prices.
In wheat there was fairly active bust
ness in the speculative features to-day, and
prices fuotusted some being weak early
but afterwards frmed up, and at the close
November vas about &c lower than at l
o'elock e=teE3ay, seller December about
&c Io6er ard seller January Ilc lower.
At the opening prices were very nearly
the same as they closed yesterday but soon
began to weaken and fell off about sc,
frme3 up and improved about 1Sc, then
Eeakeled some and closed steady on the
regular board. On call the dsmand
was active, and the offerings free and
more desire to realize, and prices were
weaker. Sales included 10000 bushels
October, 100000 November, 4O5,OOO De-
oember, 10000 January, 5000 May. The
character of the wheat dealings are more
than ever local, but good buying is soon
expected to ensue.
Corn was fairly active and rather IN
settled, closing with October or cash $40
higher than O'Clock yesterday, November
10 higher, and year &c higher The first
sales were at about 14c advance on yester-
days closing, but ruled weak, with free
offerings, and in sympathy with
the break in wheat, and steadily declined
about 4c, but at this point the market
took on better lone, the demand increas-
ing with sellers holding of and wheat be-
ginning to advance. Corn followed and
sold up sc, then fuctuated within mod
crate range and closed tolerably steady
on change. On the call it was offered
WOLS AESe4g dHu PRICES were sndQo easier
with sales of 415,OG0 bushels, chiefly of
November and May. The stock of corn is
acoumulating, and lower prices are ex-
pected tomorrow in case a break occurs
in provisions.
Oats were quiet and slow for the day
and prices withoat much change from
yesterday, with fair call for cash in store
and the sample market, but speculation
was neglected and fluctuations within
very light range. Samples we're going off
quite we'll and bringing higher on track or
free on cars than could be had in store and
particularly for the better cars of wheat.
Rye was more quiet and decline of 10
was noted for the day, with less call for
cash and few willing to operate for fu-
lures.
Barley continues greatly depressed, and
1t has been impossible to do ANYTHING
with any fairness for some time. with the
call for cash particularly light to this
time, and there were heavy offerings and
going to low grade and to the sample
market where no fair sale could bs made.