St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-09
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
T. Loss.
Stocks Showed Decided
Strength From the Open
2l4 ing to the Close.

CHICAGO, Jan. Tt was another
lively day on the board of trade. May
| pork sold UP to S1S.75, the fancy price OF
a barrel, and closed strong at SlS.70 bid.
Brokers were in some cases hardy
enough to predict an opening price OF
$40 a barrel for Monday morning. AS
usual, the country was publish, and. ap-
preciating the fact that pork is scarce,
thew sent in their orders early. When
the bell tapped the brokers jumped for
pork, and the market opened at $3.50,
lOc above last nights closing price.
Cudahy was a heavy buyer, and the
market advanced within few minutes
to S1S.75, There was a brief respite.
and then the men who had ''loaded up"
Yesterday began 10 sell. The price
dropped to S1S.25 in short order under
the heavy selling. and "Charley"
Wright was among those who realized
on the purchases of yesterday.
AS soon assthe "lOngS" had 'evened
up'' their deals, the OLD clique made its
presence felt and sent the price up to
$751; again. During the closing hour
the market was firm, and there was lit
tie inclination to sell short. Lard is 10c
higher than last night. Ribs unchanged.
With only $4,000 hogs at the yards and
an excited scramble for them at another
15020c advance over the preceding
days price. and with some other feat-
ures of the hog movement OF more
reasSuring character, alarm among snorC
sellers was not wonderful. The weeks
receipts were 160,57S head, compared
with pa, 496 on the corresponding week
wear ago, and packing to date is 800. 600
QO1 Ol0 for flH similar
period of the previous season.
Wheat started quite strong. with ca
bles shade better ard 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 ana 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 OF. The opening was
about sc higher than yesterdays clos
ing, eased off q C and then advanced &c,
but subsequently became easier, ana
prices declined &c. and the closing was
about &c lower than Yesterday.
Corn was sensitive. The opening was
firm at Yesterdays final quotations and
remained so for while, shorts being
the principal buyers and support to the
situation; but later OH the offerings
greatly increased, the country, selling,
as we'll as parties supposed to be acting
III the interest of local "long" line,
and, as pork declined at the time, corn
ssmpathzed. selling off 7a@25cc, rallied
X01lc,a ruled steady and closed with a
(015c loss. Receipts Overran the pre-
dietiOns, but the estimates for Monday
are 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
either 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,
ITO cars hogs. $4,000
The leading futures ranged as follows: