New-York tribune., 1884-01-04
WHEAT AND CORN HIGHLR ~ cHIc1Go
4 DROP u PORK AND LAED-A JANUARY SQUEEZE
~ CORN.
rBY TILE GRAPH TO THE TEI1rvg.l


CUCAGO. Jan. 3-The receipts Of wheat
corn. ana hog, were light to-day, exceptionally light for
The first and last For the first time in long while the
visible supply Of wheat showed decrease instead OF in
crease Finally the shorts in the corn pit became
frightened and began 10 struggle All these We're
"5uilsh" influences A result wheat tonight i ll2
cents ghor than last night and Ia cents higher
There counter influences about the provision pit so
that pork and lard arc little under last nights figures
Everything began advance, even provisions Wheat
and corn continued on up with few vicssitudes Pro
visions broke almost Immediately It was tho day for
the publication Of the stocks In store The inspectors
figures showed that there here over 10000 barrels
OF pork new and Oldl than 600OJ barrels above
the stock year ago and that the stock o lard was over
so 600 tlcrces 50 900 in excess of last year.
Ellredge & Co., early in the morning, sold largely
OF pork and Cudahy and Ream Of lard It is be-
ueved that the former firms sales OF pork amounted
TO 5000 barrels and that the latter between them,
10000 eyces Of lard The big sales and the biz stocks
helped to break prices notwithstanding there only
600 hogs the yards and that prices there were re-
ported higher Pork dropped 30 cents barrel lard 20
cents a hundred. From these lowest figures there was
afterward rally. Tonight It is predicted that there
will be only 900 hogs the yards and that with an ad
vance IL them provisions Will likely advance on Change
The packers still appear TO be disgrunted. The big
iour Ream, Singer, Jones and Cudahy, said TO be
-four" longer. Cudahy is said to have LETT t1e oon
blnation and TO be "long" of pork II big four
when Cudahy u it, for he believed to represent N
most Of his trading Philip Armour but now the gossips
are speaking dsrespe fully OF the remaining three II
hutcd that the combination Is short not
only provisions but wheat and ~ we'll Then. 10 add
to OthedscOmIe OF the provision crowd Fowler B0i hers
are short II l. said that the lard firm has been
fighting the advance for month, and !, nghng II SIN
Indeed the fact that it on the short side has gwen
good deal Of confidence TO other sellers
Wheat started up In the morning because there
had been an enormous s.ilnS ihe llgnt peioIe, i
receipt, OF wheat along and proved 10 be eKcep
toualy small. only lOj Then followed another u
te boom on the g'IIe4'ed ar nm m '%.io % .'S
figures the visible supply ana by ms une tHt eel
ing had also strong in the pit Az night there
was firm feeling In wheat. MAY closing at 81 o. Thes
the course OF wheat. There always are.
These views are exceptionally wide apart tonight.
One party Is claiming that wheat Is tonight TAX
50 cents. The other 8, firm iu the belief tA4t II
has turned about 10 20 back up above dollar again ior
cash The conservatives are lne most Ou'-.'A' 'A5y
have this argument on tAeI side; INA. l"Ie ai' already
been u JIedk and that reaction l- lhe natural iA4l-
Il radical % tax # urtLe! decline IL wheat u't 40"
after drop ui cents has lu-t been suffered ana
drop Of 20 cent S wiy4in th. last ak months.
The feature Of the d.y was, oi course corn.
mid l.r' 10000 bI,lcl, of IT, THIS afternoon The
crowd La- about abandoned i.af 20 te idea that Jan
uary squeeze il Inevitable. There are still plenty of
c3sh corn up from IG % 5+ IIls advance wts
caused Icy ie plsche-c, oi shoi' iur Clique j. lt'EE
he pit ,I.Icly alone -ghW.IH % Duprt seL l'' .O-
uiaTy whatever they are compelled TO buy iJl Jan
uHry, aud the two oIIols are not k'pl
rHr apart. there l. no gscaf ri-k 10 tho buyers.
Tho general opinion ls that thc deal hl- been clrFef}
m.uagcd. II 3, sand one hcW-NoIE " long sold out
nearly 100000 bushels OF Jllsdi} corn yesterday mere
aIc here cNur.t corn from ST. Louis, VINO are
coautry customers who have gram winch ilrS brA.lr
Viii inspect. The rp,,uiator, have given over selling
h. lic alley - was hd February closed UI about -
90 81