The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1884-08-19
THE LATEST CORNER.
The New York Sun Man Tells what
He Knows About It.
Pork Selling at Twice the Price it
Did Last Xear-ArmOur's
ManipulatiOns-Low
Price for Grain.

New YORK, Aug. 19-The Sun says in its
"In and Out of Wall Street" article The
stock market is in condition which has even
ceased to be puzzle, and is now accepted as
stern reality. Nothing seems to be able to
put prices down, and if the advance for the
week has not been particularly sharp there
was neither a decline nor an advance OF
weakness in prices With money loaning
freely at ~ per cent, with gold
coming over, with the prospect of ex
celient crops, with the silver scare
appeased if not totally vanished, and with a
great deal of new courage infused into the
temper of the men who have been so long
suffering under the heavy load of stocks
they carried, there seems to be no reason to
expect any serious set back.
Com, if it turns out as well as the other
cereals, will probably cause another ad
vance in stocks But the question of the
freight rate will have great deal to do with
the future Of the market The farmer
cannot send his grain forward at the
present time unless he can forward it at
cheaper rates, while the foreign consumer
viii not pay more than he pays now There
is too much wheat everywhere, and it is
r
ever sold before in that country Accord
ing to the London papers wheat has sold only
| since l7S0 below pounds sterling a quarter
or $40 for eight bushels. During the first
| half of the present year the average price
was, by record of The London Gazette nearly
shilling bushel lower, or pound II shill.
mgS pence per quarter.
As matter Of course, the grain markets
of Liverpool and London regulate
those of the whole of Europe, and
Chicago grain-corner makers have
no show under the present con-
dition of affairs But, for want of anything
| better, they started a corner in provisions
| The advance in prices made by this nefarious
/ speculation is equally injurious to all classes
of the business community, for it is not the
specuator alone who gets hurt. The con-
| sumers on the cotton plantations, in the
| backwoods and the mines, as well as the ex-
porter and the merchant, suffer Pork is
! selling now in Chicago at $27 a barrel
/ against Sl3 at this time last year Short
| ribs are selling at Sl050 hundred weight,
against 81 last year
The stock Of lard to-day in Chicago is
| some %, 900 tierces greater than at this time
| last year, and that is equal to an increase
| something like 100 per cent Keeping in
view that Europe, and especially Germany,
| refuses to take our hog products, and raises
! more and more of their own hogs every year,
the problem of diSpoSlng of this accumulated
| and cornered mass of stuff in this country
| promises to become quite an interesting one
The solution viii probably come where least
expected, and Chicago will experience a
| crash which will stand q fair comparis0n
80 80 'i p"'ih anu al ''ieo' 0S''''s
""i''iee VI NtHs i"s''
"a 're ''ie' iiS'i"' ai'n'"sh 0iie cat,ie
us"'9' II" N0 uoiie every 'nlls 70 ooneeai 'ne
L"o's' '''e'o can oo Io uouoI 1naU 'ue ieA"S
t,'ei - ioi NON oeiiis e'eiNpeu "u'' anu
thal U'le "pptoneilsion vi us Luitiel progress
Keeps the price Oh peel up Yet WIN all thls,
lIeSn LEI -, is st lille cheaper Io-uay tnSl san
-, IA - ,,.taIoo1o ~ r,.;l
- ~, i' 80 anu
o'noi g ""oo oh' oo't' "a ~" as toii's
p"' nl' Armour uelllahoS lo1s Genus
loI e''ly po",lu snr Vi iis N",uaoi5 7,
P- m 10 "''i o'
"' S'' f''t'0S' 1n'H neiiiouS ueaI Il
io' "ne'sS o''7' however &n1 an ou'llne oi
,t" 81 ol'''' i"S ii,9ii nay " "
bt'iI az, Ioll 90 80 ~
qu,'3 '.'o''' '.i9 ., .,le
P'' '''o'l p,I J"S' a. NUN 40 'neS nate mn
ne wa, paui! oeatoL "h niS io,iiier uedi'
anu "!tnou' Itie ASSISTANCE Vi MS "li"a'Ae>
GoilSoiUe "o"i. riopa''s 'oU haVe oeeh on
HIS les9 Se'' Ao 'uillsS '"'he' ouV' ne i'''
chance I" COME 10 Che front once more, ahu
ms ISL 'hou5nt was 10 get square VIII
."e 10y lno AooenS pio"Iol'ion <sl
'r''''' IA "a, 'p0 "l' o.o no. 'oo auPP"y
oi noS9 all over 'nlS continent 70,
cauSej many siecuiaUors 70 sen PoTb
'hoi iaS' npil'ig' hiio"lns 'ie peals "o"iO
a. us""i oEel SOL '"e ii0'No'' "a ii'"u' pesai
" n"1 I.e' V,lil's nc va" o',1ie.' UiIi q
i ,"'' 10 lio+ 80 uu W O"I p ,"l" "pS -
~. a. - - -: - l,
,e,,,I.ar, 49, aH,nIe,r -, -, fIa,
- - .rI, g. a., -. 49,
0'eiy ""ii iei VI Poi n 'Aci0 10 III 'ii0 - .'"''-
anu can LIlafh up ,Cs price " any hsure H'
% 10 ae't ~ -
~ " - ~ 80, "a v,
""' an "a "-1o,-i no nHo"o' ''Iu o''e y
",'olli o, az. i,-so
A. tba noor, of tho cotton, ,,aoio, tb,
IL 4t7 1,,,,,,,oo,, ~ W. e,',,i 49,, ~,
iiiiei, f'Hu Vup mS -.iD w toy es''o "'ou
- o., u ea' w 20 "a" %
Gn h"prr son+ @ C,dabv of tho frTn of i Gao Oh, =,
- S,taa,,oy 20 ,,,aI.o cor,,o,. y, tis
100 Sontat,hor and 0ctoher rihs uora nm NJ,
~, obont S9 bnndrodwaiobt in a fa,v davs
up pl 60 ~ -. ~ -, 70 ~, a.
ter star of the Chicago armament, .
good story is told by mon who know
both of them 1t seems that HI
is an uncommonly shrewd Irish
man who, but fewyears ago started as al