St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-08
SCRAMBLE FOR PORK.
Another Lively Day in the
Provision Pit on Chicago
Change.
The Close Was Firm and zoe
Higher Than Fridays
CLOSING.
Wheat Started Strong, but
Closed With a Fractional
Loss.
Stocks Showed Decided
Strength From the Open
ing to the Close.

CHICAGO, Jan. Tt was another
lively day on the board of trade. May
pork sold up to SlS.75, the fancy price OF
q barrel, and closed strong at $3.50 bid.
Brokers were iii some cases hardy
enough to predict ali opening price or
FLO barrel for Monday morning. AS
usual, the country was Dullish, and, APP
preciating the fact that pork is scarce,
they sent in their orders early. When
the bell tapped the brokers jumped for
pork, and the market opened at $3.50,
1Oc above last nights closing price.
Cudahy was a heavy buyer, and the
market advanced within few minutes
to $3.50. There was brief respite.
and then the men who had "loaded up
yesterday began 10 sell. The price
dropped to $3.50 in short order under
the heavy selling. and Charley
Wright was among those who realized
on the purchases of yesterday.
As soon as the -"longs" had ''evened
up" their deals, the old clique made its
presence felt and sent the price up to
$lS.75 again. During the closing hour
the market was firm, and there was lit
tie inclination to sell short. Lard is l0c
higher than last night. Ribs unchanged.
With only $4,000 hogs at the yards and
an excited scramble for them at another
15(020c advance over the preceding
days price. and with some other feat
ures of the hog movement of a more
Measuring character, alarm among snort
sellers was not wonderful. The weeks
receipts were 100, 578 head, compared
with pa, 496 on the corresponding week a
wear ago, and packing to date is 100000
H.lT Gin iInI.
period Of the previous Sc asOn.
Wheat started quite strong, with ca
bles shade better and some of the big
provision operators in the pit as buyers.
But the indications pointing TO another
increase in the visible supply, the sell
ing soon became generous and prices
gradually weakened. One of the chief
causes was the discovery that Cudahy
and others Of the clique were taking adj
vantage Of the early strength to market
large amounts of wheat. The crowd
quickly tailed on. The opening was
about 1Sc higher than yesterdays clos
Ing, eased off Is and then advanced &c,
but subsequently became easier, and
prices declined &c, and the closing was
Shout &c lower than Yesterday.
Corn was sensitive. The opening was
firm at Yesterdays final quotations and
remained 50 for a while, shorts" being
the principal buyers and support to the
situation; but later on the offerings
greatly increased, the country selling,
as well as parties supposed to be acting
in the interest of local 'long" line,
and, as pork declined at the time, corn
Bympathized, selling off 12@25c, rallied
h(04c, ruled steady and closed with 4
f015c loss. Receipts Overran the pre-
dictions, but the estimates for Monday
lre somewhat smaller.
In oats there was moderate trade
within a &c range, and closing prices
were at slightly below yesterdays.
Operators were not disposed to take
rither side of the market with any de-
gree of freedom, and this kept the
market narrow.
Estimated receipts for Monday:
Wheat, $50 cars; corn, 1S5 cars; oats,
l70 cars; hogs, $4,000.
The leading III ures ranged as follows: