Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-06
4 General Recielc.
THE MARKETS

SOll1IS ~ SiltcI suit
4 General Rerie'r.
THE MARKETS
ruled active on change to-day. The an
nouncement of the decision of the COM
mittee of arbitration fixing the price of
July wheat at S1.35 had tendency to
stiffen the market early in the day. The
market advanced sc, but lost most of the
gain for October and November, closing
pretty steady with fair demand. Septem-
Der shorts bought freely. The clique IN
this option, however, sold heavily on
country orders. Shipments were fully
equal to the stock in store. which is not in
creasing. There is now less than 100000
bushels of No. 2 in sight here. The re-
ceipts ofwheat here are large, but that is not
unusual, and the price being already below
81 the market was not remarkably heavy. IN
fact it looked remarkably strong under the
circumstances. Cash lots Of red winter
were heavy, but still retained considerable
premium over the price for this month.
Spot buyers took hold rather freely after
the market had declined about 1G115c.
and some of it was understood to be taken
for export, although it was guessed that
this was to fill shorts and not to deliver
upon prices at present account in Liver
pool and London markets. Spring receipts
were rather large, and there was no demand
for it except to fill September shorts. Il
was sold at the same price as regular for
this month.
Corn was very active and unsettled, with
large fluctuations, and attracting a large
line of operators. The shorts covered
quite freely, which was the main cause of
most of the local advance. All through
prices are little higher than on yesterday,
but did not show any great strength. The
| feeling is quite unsettled as YET. cry lit
! sic confidence is manifested Part OF the
decline Monday was due 10 Irregular trad
ing on the curbstones Saturday afternoon.
The market then not only went down about
a cent. but it started the ball rolling IL
other cities for weakness. Yesterday
larger selling orders were sent In here from
st. Louis and Cincinnati, and the prices iii
those places declined, forming an add
tionul reason for drop here.
at the outset, and in very many cases peo-
pie who were called upon, gave orders to
sell out their stuff, instead OF putting up
additional money. One or two
lots were sold out under
circumstances which made it look very
much like failure but so far as known no
failures were reported. The receipts of
the day were large and the crop prospects
reported to be good. Some called them
brilliant, estimating the yield at as much
as 000,000000 to $4,000, 100000 bushels.
HEAVY PURCHASES.
Among the prominent ones who filed in
a big day were McGeOch. Poole, Kent 81 Co
Monday and Dupee. The first named is. un-
derstood to have bought IN about 100000
bushels, having been short to an extent
sufficient to task the nerves of even I,
Scotchman. The demand from
the shorts was so good that it
caused sharp reaction, and the
market toned up, selling higher than it did
Saturday afternoon, and it was the opinion
of several on-lookers thht it would have
kept up had It not been for the severe break
IL provisions. Oats were firm in SYM
pathy with corn, and closed a fraction
higher. During the day there was a good
deal of excitement following closely the
lead OF corn. There were no special fea-
lures in the deal, the market depending
entirely upon the idea that with frnness
in corn oats should also be kept up anC
meet with coGsumptive demand sufficient
to take away the offerings, though large
Quite a reaction took place III the market
for
HOG PRODUCTS.
and the feeling ruled stronger. accom-
panied with material advance in prices
Offerings were quite.free. and the demand
active. Foreign advices were frmer, ant
lard is quoted Cd higher Eastern market;
were steadier. The receipts of the pro
duct were fair, and the shipments quite
liberal for the reason of the year. Porl
products have been kept up by the belle.
that the farmers would have to marke
their hogs early in an unfatted condi
ton for want Of grain with which
to feed them to the proper winter killing
point. but with the corn crop promising
well the inducement to fatten hogs vii
very much increase, and the difference IL
the quantity of pork produced likely 10 b'
offered between this and next spring i
simply enormous. The shippind demand
for lard was light and it was supposed
, that consumers at the South will be likely
to want meats to a less extent at presen
: prices If they see prospect for materia
decline within few weeks.