St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-07
HOG PRODUCTS JUMP.
The Provision Clique in Com
plete Control OF the
s-arket.
All Articles Produced From
the Hog Go to Higher
Figures.
Wheat Was Strong, and Ad-
vaneed on a Moderate
Business.
Wall Street Speculation Con-
fined Almost Entirely to
Professionals.

CHICAGO, Jan. 0.-The provision deal
was in a state Of ecstasy today, as may
be surmised from the further big adj
vance in the price of the articles it COM
prises. Pork since yesterday is csc
higher; lard 3215c, and ribs zoe higher.
Wheat, corn and oats played second
fiddle to the music in the pork pit and
gained respectively sc, sc and sc per
bushel. There was an active demand
for the lower grades of wheat at lie, and
In some cases / sc advance OH yester-
days rates. and all the offerings were
readily absorbed.
Prices of hog products made an i'm
mediate jump when the opening bell
sounded, and was afflicted with st.
Vitus dance activity during the entire
session. Pork, which for May deliV-
cry closed al S17.S5 yesterday after
noon, opened with buyers at SlS.05, and
Ii was only a minute or two before it
was wanted at $3.50. 1t reacted 10 SIS.
but again commenced tdginE upward
and reached $lS.25 before another Tedc-
lion. Still brokers came i'll with i'm
perative buying orders, and before they
could induce sellers To part with the
precious stuff the price was up to $3.50.
Small receipts OF hogs was the motive
power of the market. The receipts to-
day at the yards were 2l.O00, ana Tor to-
morrow 1900 are the expected arrivals.
The price Of hogs compared with yes
terday's quotations was from 20 to l5c
higher, about equivalent TO a rise of &C
per bushel over night i'll wheat. There
was talk of - for hogs if the supply
does not improve.
Lard amt ribs were partners with
pork in the advance, although the deal
ings in these two articles were less SEN
satiOnal. My lard opened at Sl0.40
and eased off to 5000, but took climb
to $1,000 later and closed at that. May
ribs opened 2Oc higher than they closed
Thursday, bat for some time there was
more for sale than was wanted at the
opening quotations. They dropped
back to $1,000, but became brisk again
and OSe to %l0.131a and closed at SOTO.
What are called Inc clique we're heavy
sellers. Cudahy. through his house and
brokers, must have rot rid of $4,000 or
$4,000 barrels of pork. beside large
quantities OF lard and ribs. Wright was
also free and open seller.
a moderate wheat business was trans
acted and strong feeling developed.
The opening was about the same as
yesterdays closing, and for time ap-
peared to be rather weak. prices reced-
ing &c, but later started up, and prices
were advanced Sc, eased off 18c, and
the closing Was about sc higher than
yesterday. Inc early market was in
fiuenced SOpre by the weak and gener-
ally lower cables, and some 10y the gen
orally easy tone which peryaded the
market yesterday. There were fair
offerings, bit GOOD demand
existed; all the wheat offered
was absorbed, which finally led to the
advance. There were several lines Of
long wheat SOLD al around 49, for May,
temporarily checking the advance. The
receipts IN The Northwest were little
larger but il was wired from Minneap-
oils that The arrivals we're mainly side
track receipts and from country eIeva-
tors. indicating that the farmers deliy-
cries were sGlali. The market gained
in strength in the afternoon, the princi-
pal cause apparently being the fearful
slaughter Wuch ;he short sellers saw in
progress III the pork pit.
Corn opened duIl and slightly under
the final quotations OF yesterday, but
under moderate demand sold up a5c,
eased Oft triHp, when the inquiry be-
came quite urgent, under which the
price was bugpd full &c, the buying
being quite general, good deaf of
changing beng ndulged in, buying
July and selling May, the difference av-
eraging about &c. The market ruled
strong and Ill the close had gained ia
sc. The action of provisions and buy
ing by parties interested in the same
was bullisl factor.
The feature IN oats was the liberal
selling by an elevator house. The buy
Ing was scattered. Prices had Il 1zc
range, and closed sc higher than yes
terdaY. Trading was almost entirely i'll
May.
Estimated receipts for tomorrow:
Wheat. 300 ears; corn, 205 cars; oats,
140 ears: hogs, $1,000.
The leading tU'ures ranged as follows:
--.----..- 49, 4