Omaha daily bee., 1886-09-15
PORK GOES Up WITH A BOUND
0ne Of Armour's Old Fastioned saakc-0uts
Sends Prices Booming.
GREAT ExclTEMENrIN THE PITS
The Product Closes Lower But Firm
Wheat and Corn Inactive and
Lowcr-Thc Cattle Mar
kct Slow.
CHICAGO GRAIN MARKET.

CHICAGO Sent. l.-TSpecial Telegram TO
the BEE Pork has attracted more attcn-
ton to-day than all the other speculative ar
ticlcs on the list combined StaufIcr led of
tlis morning by selling October from Sll.40
To Sil.:0. He went at the market with rush
and the bears aided him with mighty chorus
OF applause. George Baldwin put in an ap-
peararce at this juucture aud turned the tide.
Pork doomed to Sll - without pause, Bald
win and the "tailers" whooping things up at
q lively rate. n very large business was done,
and when the price touched the figure indi-
Gated it was discovered that a great many
people were troinC TO realize proits OH their
trades. The price dropped 10 Sll.O, which
was the hating place for quite time The
next change was to Sl1.5j and the next TO
S1140. From that level the price shot back
10 sl157jS, and then the market yielded TO
sudden drive, and in the course of fifteen or
twenty minutes broke size, October
striking Sl120, from which there was
rebound that carried it back to Sll32 4,
where IL rested at o'clock. Some had 1t
that Baldwin's purchases were for Bloom
Instead of Armour, and that the rush was
engineered to shake out that high rolliny but
somewhat unstable operator. Others said it
was lust one of Arnour's old fashioned
shake outs" and that as soon as the taers
were swung into space the advance would
be resumed Nobody knew for certain. The
excitement In the provision pit naturally
generates gossip and stimulates the imagina
tion. II was given out that Jones had
bought in his short pork, a little matter OF
1900 barrels, and that Cudahy was still
holding out with 100000 barrels sold at much
lower iiiurcs. 1t was further stated that
certain heavy packers had sold calls over
100000 barrels OF pork, on which there was
already q losssra them of 15c to SlOO per
barrel Nobody pretends to know how much
short interest there%eally is in October pork,
but it must bs large, IHdging from the com
motion that has been raised.
The quotation end of the wheat See-Saw
was down to-day, and at l O'Clock a loss of s
wac registered. Yesterday wheat gained
obout as much. Speculation is very narrow
and the daily fluctuations only emphasize the
fact that the market is IN a rut. The l O'Clock
prices to-day were 9j9sc for cash. nc for Oc-
tober, ISl+ d7Sakc for November and SOl4 for
December. Speculative transactions were
light, and business was largely local. Tame
cables, tie enormous receipts in the north
west, and the fact that Chicago Is still rela-
lively higher than other American markets,
were depressing factors. Speculative SYM
pathy with pork was sustaining influence of
some Importance.
The corn market was less active, and part
of Yesterdays improvement was lost The
market ruled about steady and on the regular
board closed 14c lower.
2::0 p m.-The grain markets were steady
on the late board, and dork, too was trm
until just before the close, when it broke to
S11.10. Sales after take of bill at SlLl5.
3p. m.-Wheat privileges, 1850 sellers, and
Ta6c bids. Corn privileges, 402sc and Ale.