Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-27

aged triie better. Shipping demand
rather light, and orders chiefly for small
quantities to meet immediate wants. For
eign markets are easier and lard quoted
Sd lower. Eastern markets rather quiet.
The receipts were light and shipments
moderate. The offerings of mess pork
were free early, and prices ruled Sc 1Oc
lower, but during the latter part of the
session was stronger, and prices ruled
3OG doc and the improvement was moder-
ately we'll maintained. The inquiry for
lard was fairly active aud the market
ruled firmer and prices 5@1Oc higher per
100 pounds, and closed comparatively
steady. On call pork was somewhat more
active and higher. Lard in good demand
and prices higher. The interest
so active in bearing this market during the
present week seemed to be taking rest,
and to be satisfied for the time being,
with the success already achieved Not
outstanding the improvement in pro-
ducts, live hogs showed decline OF 15@
25c per 100 pounds. The receipts to-day
were about 1900; the quality fair, and the
market quiet.
The first new corn from Kansas, car
load, was received in this city to-day by
Foss, Strong & Co. The corn was bright
and clean, but the inspector graded it re-
jected owing to dampness. A dispatch
received from Cherryville, Kan., announces
that the streets of that burg are
literally crowded with farmers wagons
loaded with new corn, which this morning
reached the price OF 1870 per bushel
Farmers say their corn is yielding much
better than they expected before they COM
menced to gather This looks as if the
new crop would be moving in pretty soon.
The appellate court of this district made
two very important decisions this morning
bearing on board of trade operations. In
case where firm appealed from the su-
perior court. refusing to abide by the de-
cisisn of a committee to determine the
value of wheat to meet outstanding con-
tracts the action of the board of directors
of the board was sustained.
The decision of Judge Gardner making
memberships attachable for debt was re-
versed. In the somewhat noted case of
Jno. G. Calderwood VS.. McCrea & Co.,
brought for money paid and commissions
on alleged purchase and sale of 10000
bushels of wheat on which there was loss
of $5O5.20, claimed By McCrea & Co. for
commissions, the appellate court held that
the case turned On question of fact as to
whether the trading carried OH was done
merely in differences Or with an actual in
tention of receiving Of delivering the
property. The court reiterates former de-
cisions in which it held that time contracts
made in good faith for the
purchase and sale of grain or other COM
modify are prohibited by neither the COM
mon or state law, and are not repugnant
to sound public policy. Where it is the
intention of the parties that the vender
shall deliver and the vendee receive the
property sold, and there is no element of
in terms of the contract Or in its
consideration, the contract is valid though
the time of delivery may be optional with
one party or the other. In this case the
plaintiff had made about eighty trades for
100000 bushels of grain and 1000 barrels
of pork, and it was satisfactorily shown
that there never was any intention of re-
ceiving or delivering any property, but the
trading was solely in differences. On this
state of facts the tradiag was declared to
be gambling. The judgment of the court
below was reversed and the case remanded.