St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-15
PORK IS ELEVATED.
The Clique Force the Janu-
ary Option Up Near
the Close.
Packers Reported to Be OPP
7 posed to the Advance
in Provisions.
Prices in All Cereal Futures
sa Show Some Loss on the
Day.
Strength characterized the
. Stock Market the Greater
Part of the Day.

CHICAGO, Oct IA rapid twist of the
jack screws under January pork elevated
that article near the close today to 30c over
last nights figures. In cereals the tendency
was doubtful. considerable portion of
Blooms big line of wheat is said to have
come upon the marketand the closing prices
showed net loss of 1s@Ac for the day.
orn is off l205sc. and oats ls@l2c.
In the pork crowd the Cudahy- Wright
combination took all the January pork that
the packers were willing 10 sell. Lard
moved. or rather was moved. up in sympa-
thy. and ribs were likewise advanced. The
packers with the exception of Cudahy Bros.
are reported to be opposed to the advance
which the latter, they say. are aiding
Wright 10 bring about 1t may be taken
for granted that the parties who are credited
with gradually accommodating in their own
hands all the surplus product have carefully
considered their position, and have their
own interest as their only motive.
Insinuations have been thrown out of an
antagonistic feeling existing between the
Cudahy Packing company and another large
packing concern. which in some measure in
duced the daily brothers to interest III en-
selves in the deal started by Wright. but i.
may be safer 10 assume that the packers re-
ferred to see good business reasons for their
attitude in the market and think the stuff
on its legitimate merit, even with the re
mainder of the trade arrayed against them.
On the other hand. there is talk that the
Cudahy-Wright people want to get the trade
and the public in on the buying side and
create market at higher prices, so as to sell
short against the packing season. January
pork closed 7I2c from the top figures of the
day. Lard and ribs each lett of with gain
of 1jc for January.
What strength there was in wheat today
was chiefly derived from the improved Liver
pool cables. the public ones quoting decided
strength there while the private ones were
even more favorable. There was very little
wheat for sale early here and, though the de-
mand was sluggish. it was sufficient to adj
vance figures trihe. Another reason for
the strength was found in the falling off in
receipts at primary points and especially i'll
the Northwest, where deliveries have appar-
emily reached the maximum. But reports
that the parched wheat fields In the South
west had been getting the needed moisture
were frequently and apparently authentic,
and this, with the fact that other
European markets did not show the same
degree of strength that the Liverpool market
had and some were rather easier. had u weak
ening effect. Prices Mt the opening were
about 1s04c higher and advanced Isc more
then eased off 1sGS4c held steadier again,
and the closing was within Ac lower than
yesterday.
Corn was quiet, and showed little firm
ness early. largely in sympathy with wheat
but then became weak on the free selling
both of long property and for short account
In oats operators showed a disposition TO
sell freely, with some orders of this kind
said 10 be for Eastern account Bryant was
a notably large seller.
There was moderate demand for wheat
and corn room. Rates held steady on the
basis Of 2l2c for wheat. and 2Ac for corn to
Buffalo. Estimates receipts for tomorrow:
Wheat 411 cars; corn, 600; oats, 80; hogs
1870 head.
The leading futures ranged as follows:
1Onen-l uirh.l Low. iIns-