Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-17

at 5s1sc early to slow at SIC later
while sample lots were in better
supply and going slow. Future deliveries
were slow, and after the opening easier.
Barley was quiet, and there was drop
back from yesterdays advance in No. 3,
with few buying orders and quite free sell.
ers. No. 2 cash was about SOC for fresh re-
ceipts, but less for regular, while No. 3 was
dull at 1870, and all samples were slow.
The market for hog products was only
moderatively active, and prices ruled
easier. The offerings were moderate and
the demand was fair, and chiefly to pro-
vide for outstanding contracts. Shipping
demand fairly active at slightly reduced
prices. Foreign advices rather unfavor-
able, and pork and lard quoted lower.
Eastern markets easier and prices favored
buyers. The receipts of product were fair
and The shipments of all kinds unusually
heavy. The demand for mess pork was
fairly active, and the offerings moderate.
Prices ruled weak and declined 2O@25c
and closed quiet at the decline. Cash
4AAVpe WAsA StknS SeACS az P4ts 4AO
demand for lard was moderately
active and the offerings were free.
Prices ruled easy during the greater por-
ton of the session and declined 121a@15c
per 100 barrels and closed steady. Only
about $4,000 hogs arrived to-day, and
found slow buyers at prices 5@10c easier.
Under the influence of large receipts of a
very fair quality of hogs and drop in the
price of the raw material, the provision
market during the week just closed has
ruled weak, and very moderate shrink
age in values has been established on al
most all descriptions. The business trans
acted was in the aggregate very fair, both
the speculative and shipping demand be-
ing quite good, and while the charges in
values were not radical, the fluctuations
were sufficient daily to invest the trade
with considerable interest. The decline
was not as marked as attendant circum-
stances seemed to justify, aggregati-.g 60
@80c per barrel on mess pork, 100000 per
100 pounds on lard, 4@1ac per pound
on meats, the receipts of hogs
the last two or three weeks
certainly exceeding the anticipations of a
very large per cent. of operators all over
the country. The shipments were again
liberal, though not as large, in the aggre-
gate as for the corresponding week last
year, when the outgo was very fair, as will
be noticed by reference to the record fur
Their along. &.
It is claimed that a considerable proper
ton Of the weeks on tgo was of product
previously contracted for, and this is no
doubt true, but at the same time there was
considerable more product purchased for
shipment the past week than buyers aud
shippers made public Of this there is no
doubt, for the consumptive trade is almost
universally reported good and the con-
tinued liberal shipments confirm it.
That there is more or less product con-
signed is true, and this future is growing,
but it amounts to about the same thing
whether the product is sold here or else
where. The export trade SO far as COM
mission merchants are concerned does not
amount to much nowadays, simply for the
business connection or branch houses ON
the other side, and thus there is little nse
of middleman. For this reason the sales
made public do not by any means tend to
reflect the extent of the export trade
Receipts of product from interior points
are increasing somewhat, and We are gain
ing in stocks in store here, but are largely
below year ago at this time. It is very
safe to assert that, with the exception of a
few who by nature go by contrariness, the
arrivals of hogs the last few weeks exceed
all anticipations, and this has materially
changed the views of very many as to the
probable course of values of both hogs and
pro luct.
It is well known that for over three
weeks past there has been railroad
war in the West, and freight rates have
been cut down to almost nothing.
It would be idle to assert that this
did not tend to swell the shipments of hogs
from points where. freight rates were cut
for the treason that extreme low rates OF
carriage added so much to the actual value
of the hog to the shipper. An examina-
ton of the arrivals of hogs over the roads
engaged in the recent war shows that they
have brought in more than their usual
proportion the last three or four weeks
Now that the trouble is over it is rea-
sonable to believe that the arrivals will
not be as large as they have been, TO,
there is no question but that the country il
not full of hogs, though some who look
only at the present are fully assured that
the crop for the winters market have
been largely underestimate. The fu.
ture will develope who is right. That
there are good many hogs
yet to come none will
deny, but as producers and shippers have
been rushing the hogs forward it does
saem natural to conclude that they have
the last few weeks offered liberal induce
ments to bring them and take full advan-
tage of the favorable conditions, and have
sent in more hogs than they would have
done under less favorable circumstances.
AS it is, the west to date is short not far
from half million hogs in the slaughter
since the opening of the present season.
This does not argue that the country lie