Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-04

freely to deliver on expiring contracts
Hams cut chiefly into domestic cuts, and
partially sold from the block. Foreign
cuts made moderately, especially by those
houses specially engaged in the trade.
Shoulders made rather freely. Short ribs
sides manufactured to fair extent, and
sold quite readily for shipment. Long
and short clear sides attract little more
attention, the supply is gradually enlarging.
Foreign fancy cuts of sides made rather
freely, especially by those houses which
have agencies in the foreign markets.
Trading was quite active in the market
for hog products during the week just
closed, both on speculative and shipping
account. In a general way, the feeling
was somewhat unsettled and prices were
subject to quite frequent and wide huctua-
tons. Early in the week, the offerings for
future delivery were liberal, while the de-
mand was not urgent; consequently a
weaker feeling was developed and lower
range of prices accepted. About the mid
die Of the week it became evident that the
receipts of hogs would not reach general
expectations, and shorts experienced some
difficulty in providing for maturing con-
tracts, leaving the impression that the
stocks on hand were light, or had grad
ually settled under the control OF heavy
operators. The speculative demand was
materially improved, however, while the
offerings were free, yet somewhat below
the requirements of the trade, and prices
were suddenly advanced on all the lead
ing descriptions of product, ruling with
| considerable steadiness to the close
Speculative trading was largely confined
to contracts for delivery after the close of
the year. The shipping demand was quite
active, as buyers were somewhat anxious
to forward the property before the adj
vanced rates should go into effect The
receipts from the interior were fair, and
the shipments of all kinds large
and widely distributed. The stocks
on hand show only light supply, espe-
| cially of pork and lard, and considerable
less than at the corresponding time last
year. The packing of the West to date is
estimated at 20 to 25 per cent. below the
returns of one year ago, and some operat-
ors in the product are inclined to the opin-
ion that the reduction will be sustained
throughout the winter packing season.
Others, however, claim that the supply of
hogs in the interior is abundant, and that
final returns Of the packing of the West
will exhibit slight reduction as compared
with the returns of the previous winter
season. There is, however, very little
doubt about a material falling off in
weight, if the receipts at this point
may be accepted as guide. The packing
at Chicago to date shows a reduction OF
about 171,OOO hogs-about 20 per cent.
equal to about 3O,0O0,OOO pounds of pro
duct. The export demand for product con
tinues fair, and the movement is larger il
proportion to the packing than at this tim,
last season. The foreign demand for hol
products was fair during the past week
and shows gradual improvement. Lart
was in good request, both for the British
and continental markets, and fair pur
chases were made. Bacon was in better de
mand, and a moderate number of order
were provided for, including hams
sides and shoulders. 1t was
also understood that manufacturer
were forwarding increased quantities OF
products to their agencies in the principa
foreign markets. Advices from foreign
markets indicated an easier feeling in tina
quarter, and quotations we're reduced Cd
on pork, Is Cd on lard, and 4@5s on ba
con. Freights to Europeans markets have
been slightly advanced.
The domestic demand for hog products
was fairly active within the past week, ant
sales were somewhat larger. Orders were
quite freely received, and as manufacturer.
were more willing to meet the prices O.
buyers, the latter experienced very little
difficulty in providing for them
The demand from the South
was active, orders from the
large distributing and interior consum
ing markets being quite free, ant
liberal Qualities of mess pork, sides and
green meats were forwarded III that
direction. Trading with the Western min
ing and agricultural districts and also with
the Pacific coast markets was rather light
Orders from the lumber districts were not
so large, as the season of lake navigation
has about closed. Trade with the Cana
dian markets was only moderate. Orders
from the Eastern markets were fair and
considerable product was forwarded be-
fore the close of the month and before
| freights advanced.
Western Associated Press.
HEAVY FAILURE.
CHICAGO, Dec. Board of trade circles
were excited to-day by a report, which
proved we'll founded, of the failure of
Creigh & Davis, an old firm which has been
dealing heavily of late. Year corn is the
rock on which they split, the prices OF that
option having declined heavily in spite of
large purchases by that firm and others.
The drop of to-day proved too much for
them. Liabilities are said to be heavy.
but the full facts are not known
It is reported that the firm was backed
by capitalist until to-day, and being long
on three million bushels of year corn upon
which they had wasted $15O,OOO, in mar
gins, and being called from all sides this
morning, they at once suspended. They
have very small assets to pay very CON
siderable debts. Many persons suffer, but
only for small amounts. There were no