Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-21

clearing up of old business, but shippers
are taking hold freely. Early prices on
the board were H@4c lower
than the closing on call yes
terday afternoon, and declined an
additional 14@15c, but the demand i'm
proved at this decline, and prices rallied
steadily, advancing 14@11so above in
side figures, but again receded later
T@Ac, influenced by weakness in provis-
ions, then fuctuated somewhat, ruling ir-
regular, and finally became very strong
advancing q q 1c per bushel, and closed
18@ Nc higher than on Change yesterday.
The receipts were much smaller. No. 2
was in good demand, with the bulk of,
sales at 52$5@531sc, although they ruled
nominally lower early in the day. After
cash offerings were mostly sold, the mar
ket for futures rallied and cash sympathiz-
ed, closing pominally about $3.50 $3.50
On the call there was good demand, and
prices ruled steadier, and $4,000 bushels
were sold. July closed at 54}4c, or pa C
better than it was offered at early in the
morning, while 1000 bushels were ship
ped out against 295 cars received, and YES
sci room was engaged for $4,000 bushels
more. Should no further failures be an
nounced the situation favors better prices
Cash. June and July oats were again Of
fered with considerable freedom, while at
the same time, as for a day or two past, or
ders were light, and for want of confidence
the market for near by deliveries ruled
weak. There was 15@56c de-
cline as compared with yesterdays closing
prices. Deliveries of the new crop
maintain steady tone, fluctuations are
slight and prices were not materially
changed. The shipping demand for oats
is light, and on the sample markets sales
were exceedingly slow. Besides, holders
were compelled to shade form er prices.
Sample lots would bring little if any
premium over equal grades in store
Some consignments had to be carried over
At the extreme close the feeling for June
and July deliveries was considerably
stronger, and the early decline was re-
gained. On the call an improvement of
B@ &c was made.
Rye held steady.
A round lot of No. barley sold at AGO.
This is the first transaction of Importance
in this market for some time.
Since the close of Change yesterday the
market for hog product has been active,
feverish and much excited, at times bor-
dering On a panic, and very severe
shrinkage in values occurred, with larg g
trading, and it is fact that if three or
four prominent capitalists had not stepped
in and SUSTAINED them, to-day would have
been very eventfuI one, for confidence is
to badly shaken, that margins are called
beyond precedent, and trade is very badly
mixed up, Yesterday morning there were
free orders received from outside to sell
out product, rumors of failures having been
telegraphed almost broadcast, and this re-
suited ia a sslfe.1s drop. This morn
ing markets opened feverish and
suffered a severe drop, but reac-
ted sharply for a time. About
noon the failure of a prominent house was
announced, and this sent prices rapidly on
the down grade. Then capitalsstepped in
and checked the downward move, and
while saving the market from
very serious break, could
not hold it very strong, and the re-
suit was a marked decline as compared
with yesterday. The shipping demand
was reported as quite good at reduced
prices. Receipts of hogs were moderate,
and prices 10 @15c lower. The market
for product closed rather firm. At one
time itlooked as if an advance would be
scored over yesterday, the early crowd of
bears being diminished by buying on
New York account and by local
shorts, but the failures reported made it
rain pork, lard and ribs. If Armour &
Hutchinson, whom ill health had for some
time kept out of active trading, had not
come to the rescue at this point and turn
ed the market it would have gone to pieces.
They inspired so much confidence that at
the close the cry went out to look out for
margins on the other side.
The fluctuations of pork were most
severe, from the higest point touched on
change yesterday to the lowest to-day for
August decline of$1 15@ 1.2O per barrel,
is TO be noted. On the call yesterday the
market dropped 2595Oc, and after the
call 25c more. This morning it opened
feverisd and tending downward but
fell off only los between the last prices of
Tuesday evening, then jumped up 3Oc, sank
back zoe, advanced 1715c, dropped COO, re-
acted and closed firm at decline of 4O@
1870 per barrel. Fluctuations were so
numerous it was impossible:to fill orders
either to buy or sell in satisfactory man
ner.
Lard was very irregular and quite active,
opening weak and selling off badly, then
becoming strong aud advancing and bob
bling around with unwonted freedom, and
finally closed at decline of about 15c per
100 on yesterday. There was not as much
excitement in lard as in pork, and conse-
quently fluctuations, while frequent, were
not so severe. Cash and June were dull and
nearly nominal. 1t is understood that
freight room for round lot has been en-
gagged. Several were accepted late yester-
day and to-day.
Western Associated Press.
CHICAGO, June 20.-This has proved an
other exciting day on Change and the con-
dition of affairs has been very much stirred.
I