The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-02

ualry litSplIci 10 creamery l6a9Ic AuIese
lrmOE, Rggsleasy; western fresh l6c, TalloN
easier; city 80. Rosin dull, TuFpenane
quiet. Rice Asm, MOlHsses dun. Coffee weak AZ
26a60c down; August Sl5 20; September sla IA
p tli OetlbeT Sl5lOial5 49,; December ~ lOa
% 10; Maysll 10. Spot rio dull al 1916 eusHf
firm.
CHICAGO, August 1.-The Sensational collapse
IN wheat pTloesOf late was ecllpsed on the board
to-day byU bigger tumble In provision values,
caused BY the ipilnrOs Of the men who have been
manipulating the market for SOME months past
Pork was The iFst article to burst Into activity
this morning, The price Of September pork was
nOminRlly Sl9 % at the close ofthe market yester'
day, dropped TO $40 10 IN the course OF tue hrsI
hours Trading. Il was known among the pro-
vision brokers on the curb before the Market
opened that there would be trouble in the PORK
pit For several days the leading operator IN
the pork deal had been slow IN putting up mar,
gins, lnd Us he was credited with carrying souhe
$1,000 barrels OF that commodity, II was believed
10 be only u queStiOu Of time when the StFln'
goncy would compel him 10 let 80. II was at
once seen that he had lost control, when nilel
half an hour OF the session had passed Secretary
Stone announced that ], q. SteGver Il Co., E.W,
bailey 4 Co, and A. q. HelmholZ, brokers for
Wright, had ordered their trades closed. II then
became simply u matter OF consideration as 70
what was the value OF pork, measured by Tue
price OF hogs, The trade appeared 10 settle down
hood OF III 90 per barrel was about what y was
worth. Tho amount OF business done was limit
ed compared with what might have been OK
pected from such an enormous depreciation IN
value, but the fnCt seems to have been that there
WIS very little open Interest In the market, as
the traders had for months warned their custom
CTS away from It, When trading commenced
the state OF uncertainty was such That an olieT 10
buy $50 barrels OF september pork at sly " per
barrel was met with no TesponSe from sellers
The bid was Immediately withdrawn aud inc
first transaction was go barrels at SIS 70, then
dropped Abbul6OG per barrel on each fresh sale
IntuIt IN 2tH M Whn nNNnnTNnnhnA ant nj lhn lulIs
nTe Of the North American Packing Company y
little later brought the price down to SlOOO. II
recovered TO Sll % aud then settled down again
TO- Sll Ol, From this tigure II recovered slightly;
when at Sl2 IS the trade was suddenly narllyLeu
by the announcement that all trades with J0hn
Cudahy We're ordered closed out, John CuqNhy
twelve mouths ago was rated as being worth from
S3OOO,OOO to sl0OO,OQO, consequently the shock
was too much for the traders nerve and inc
price Of September lard tumbled from S9@ 70
50 10, In two seconds after the announcement,
ribs, and which had not tbeGn influenced, drop
ped In the same time from 60 Y7k to - VI,
The wheat market opened with y boom, Dut
the failures which were announced from time 70
time kept knocking the underpinnlng IRON the
market, and finally the failure Of John Cqdahy
and that Of Wrtghttind lllughey, completely
upset all the good OF early bull news and loft
the market near tho lowest price for the day or
IG lower than yesterday.
Corn and oats were fairly active.
Flour quiet and weak.
spring Sia5Sc; No, 9red 6yi3c; August 55}6a6sHa
65kIcI September GNaGla5SHc; December OS14a
CleoESH-Cash Noe GGLe; August 9Oa37Ka36Kc;
septembeg 971laSs1saSS9SaSS% aSs1Sa5Shei May
0i4TsICash No ., 2a94c; August 22a22Ha2s7Sc;
September 2!JSa23L A23Ac.
RYE-No. 2, 4SC.
FLAXSEED-Sl 90.
TIMOTHY sgED-S1 90.
MIS- ~PoRK-CaSh sll 75a II SOi August Sll 50;
September $40 5OalS Sjal2 60.
-LARD-CaSh 500; August 90 40; September % 90
40 75a6 02IS; October 60 0OaS OOa6 70,
SHORT Mms-Cash 60 l6a6 10: August 50 l73i
September s. S7EgN7 9jNG 10; october 50 25l7 goa
G 40; shoulders 81 T5a7 so; short clear s. 37HaS1O,
WIlISKY-sl l.,
Butter and eggs unchanged.
CINCINNATI, o., August t.-Ftour dutL Wheft
weak; No 2 red G2he; receipts 10000 bushels;
mixed iOa4lc. Oats stronger: No, . mixed 2la
22c Rye dull; No. ., 6Oc. Pork dull ut SIS w.
Lard neglected at 50 20. Bulk meats dull at S125
NJ 37h. bacon easier at $40 00alO %. Whisky
steady at 81 u. Butter steady. Sugar firm.
Eggs dun ut lOC, Cheese steady.
BALTIMORE, Nd, August l.-WheGt unsettled
and higher: No. . red 6i1lc; September 6GNc.
4l14c, Oats quiet No. 9 white western 37IlgpG,
Hay active. Butter steady: creamery fancy &c,
Eggs lSc. Coffee quiet; Rio 16Ac,
TOLEDO. O., August l.-Wheat actIvo aud
lower; No, . cash 1910: August 6GC; September
b04c: December &c. Corn dull; No. 9 cash SOC.
Rye dull ut 45C. Oats steady ut G%C, GloVerSeed
steady; prime October 50 G5.
Wheat firm: No. . red August ~6J9Ia6tc; Soptem'
Der ~GSI4aGGc; October G733aGsc; November Gg14a
zoe. Corn dull; No. . mixed August l7ai71ac,
Oats quiet.