New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-02-01
PROFESSIONS ACTITE IN CHTC4a0.
EXTENSIVE But PULLING sALEs-wnEAr AND CORN
WEAK.
TBr TEL EoRAPH TO TIE TRrBUSE.l

WEAK.
fBr TELEGRAPH TO THE TRTBUyE.l
CHICAGO. Jan. 31-The feature of to-day 8
trading has been selling Of provisions by NAT
Jones' Pork opened at advance Of 10 cents barrel
and this big scaper began sell the property at sle go
for May He offered it is reckoned $4,000 barrels and
II was grabbed at by crowd and gobbed In lots
Of all Sizes The price Of the product advanced STILL ana
at 65 Jones offered another big lot this time refusing
TO sell except in 0O0barrel lots He got rid OF 1OOOO
barrels Robert Warren took one lot OF 1000 barrels
Armour 5000 barrels and Singer and other big traders
the rest Still tho figures advanced At SIG 61i2 the
seller put out another ne larger than any OF the Others
II is figured that he sold upstairs between $50 and
o'clock according different people figure It, all the way
from 10000 5000 barrels Of pork and In the neigh
borhood OF 10000 tierces OF lard On the call
he continued the same tactics selling indiscrimi-
nately, and giving Henry Warner sinse
block OF 900 barrels at SIG so for june and Offering
another 10 900 barrels at 81 go for July.
There variety of opinions as TO why these sales
are made aud as to the principals TO whom they went
down. Some people inclined to believe that Kent
Armour ordered the sales, and that the fact that both
Armour and singer bought was only blind. The best
opinion however is that the sales were for the
account OF Jones and Ream. 1t is figured that both
have been largely short Of provisions all the way
lid from prices good lower than those ruling
and that both have been heavy losers. Yesterday both
Jones and Ream bought enormously at SIC 52l2 The
sales today are believed be the old shorts" put out
again at higher figures These big concentrated sales
broke the price Of product down considerably The big
London failure which was received here toward the call
time helped along the decline May pork sold to-day as
high as sl6 10 It closed at SIG AS May lard sold high
as 80 so, but closed az 80 30. .
This decline was suffered. TOO, in spite OF the
fact that there only $4,000 hogs at the yards and
prices there 10815 cents per hundred higher AZ
the bank tonight IL is said that the deliveries OF PORK ana
lard will be liberal tomorrow OF ribs they viii be spar
ing
prices this morning The bulls IN provisions were at first
not disappointed but the buyers Of grain at last nights
were small but tie cables lower and NewYork was
weak. Worse than ALL there were apparently good many
sellers than buyers. Perhaps the January thaw,
which had begun TO cut figure along with the other
bull arguments, had blown away over night That moth
ing appeared this morning from the OHIO rivers which
were TO overflow their banks had something TO DO with
the decline At any rate, wheat was dull ana lower.
There was very little life about the pit and one did not
have 10 60 upon the floor find this out. Tho figures
sent the tape indicated IT, The May option started
at 0s7 cents last nights close, and after whole fore
moons wrangling bidding and Offering, buying and sell
ing dropped cent The decline this ground was
not steady The one-eghths added and subtracted
with provoking iTreguar!ty At the close May stopped
at 077s G9S cents.
There we're 1856 cars Of received and 143 graded
No 2. Suppose says trader, " that we adnlt thaJ
all the which is arriving now was started TO eaten
the January advance and that the cars when started SIX
weeks ago only arriving now. This does not explain
the magnificent quality OF the corn Last year there
were received the month of January 1913 Of corn
OF this number lS22 or less than twenty per cent,
graded NO 9 Last January Handy the price OF
10 above 20 cents This year the turges clique IL bp
10 only GA cents and kept it there scarcely longer than
Minute There was greater incentive last year for
careful inspection Of than there has been this; but
the arriving this year nearly fifty per cent graded
during the whole month No. 2 don't understand II at
all except upon the theory that great bunder has been
made BY the fellows who have figured this out small
and bad crop it 10 my mind 100 per cent better and
the figures far show IT, than last years" May corn
closed at 57osc The visible supply figures had no nfu
ence the market to-day.