New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-09-01
THE END ora PoRK "CORNER"


ARMOUR, OF CHICAGO, POCKETS TIE Prof. fs-AU-
GUsI PORK At go.
Chicago, Aug. 3O.-Ihe sensation of the day
on Change wa, tue ermina ion OF Aim0rs great pork
CORNER" the most succ s'fu ma ipuation over engi-
neered in this market Lis morning sale Of August
pork wa, made at $50 decline Of - per barrel from
yesterday This evidence hat tho snort Interest
has covered and that Armour HIS pocketed his profits
and hds object In keeping mp tho pr &c Of his Ia
vorite product The origin OF TIL, most remarkable
corner dates back ouy few month"; to the
time whom Grant & ward, Of New York, failed.
Pork was that time about SIG barrel Armour had
his cellars Oh ed with This property. He had on hand
hundreds Of thousands % ba res representing millions Of
dor and to protect his property H. be buying
against New-York selling. In day he took in over
10000 barrels N,w-YOrk in week began to
sup ct that selling short against Armous buying might
Or we dis sness Before the situation dawned
ully upon the minds Of short sci ers however, tue
m,r.et had been sold short fully 100000 barre S.
I'm the meantime Armour had beeu compelled
IN take all tho cash pork in the
country and great deal OF scrapel up here and
there But H. OF the major II from Sl6 70 81 bar
we're nerv0u. but tpey he GU. The figures RAPIDLY
elm led AZ 10 700 then Y22, and. advancing 80 ceats
The meantime a great m ny "sh is settcd, but large
".hor" nrest ED ont to he las AID day before ye.
erday lot o 5000 barrels vas settled for YESTERDAY
inc s Of thon stepped up 10 Amour. office ana Let led
heir dicrc ces ano to- y August rk /, eel ~ a. 800
a
Interest puu ed 10 about 100000 bSIel'. This pOr,
"A large pat VIII ch Armour ha to buy to protect nj
self. cost about $1,000 barrel and the
ay rag. setting price WIS about 80 30
ei, p q margin OF profit, exclusive Of 90 ymg clargc
of about ~ barrel. Armour profit by the .ruer IL u
declared. cannot b, c.s than &2.jOoouO There have
b EN- many efforts ~ tuc -hlr ~ iu Hg the progress
of hc .cle' EcIUc ftoW thctr mendOu pressure
Jones and his all sire Omers made an fort ~
have summer packed pOrK made reg lar II lulet, anu
finally lone. ard M his followers 90 ne in and I'd
tribute ItiadeclItcd 90 rave cost Jones per ontl,
slOO 400 The lone. giok" was the most N'orou,
Ind tho last that W.. m1de. Fowler Brothers were
among the heayi.-t shorts" I'm he West
and 1h,y w.re comp. cd - sot lc nj tbe top ~
The u,ntkct Mot OF he eadlne receiving houses
ai4,,nu. ht snort from 20 10 D. 900 barrels w. I. BI
rr Irwin. orr Is .u "a udl q, ilowu 4 Co., ard mary
othp ~ we.c fnui'cl or smu amouuts. Il BE- admit Ell
tnat Armour may sdv Ga plice ior septsmbr aud
. .foh T. but d. 4 MOI cons. lerod probable u Thought
hoWrYcr, that bc viii ,'o' ih' urlr features o. do-
ltfs 1u rp Iu otlcr 80 otet thr pfnd 90 hc ma nn
hlni. Nr Almonr e. naturally smiling d h1ppY MS
part o To- Gossip IT the dy tpt tho fuWcfs nave been
caught bJ Che cline Just ~ tlrY we've ohlEh 10y mo
advance Iuey nave. IL be- SAID great To-
uf Clau pork not So inspected "mch
they were wal ing ~ PIT W ~ tho i.p prices at
tn clne NJ the month. iee ting iU whltc ~ olsh rotk
M 90 may uo lrf over, Ru intd Guy "Nunodt herd
feel ava arm ItH trnto ltfap sh ur ~ 10 la
nlfcudN been shipped VIVA ever may ho loo viii boz
swallowed by pork Caters n will NJ lnd is way back
on tNt aprrIlitito nhfttt - Any tnir'
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