Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-21

SOO0 NOA1oAAs Oo14SoAAA
and shipping demand only moderate,
prices having lately advanced
to above the views of buyers. Cash sales
of No. 2 were at 377s@383sc, and the mar
ket closed at $3.50. Rejected nominal,
being sold entirely by sample. The mar
ket for sample lots ruled quiet, but con-
signments were held firmly. Futures were
fairly active, with trading largely in May.
There was 4@15c advance in prices, and
at outside figures there were quite free
orders to sell, especially for the delivery
named.
Rye was 1920 lower than
the closing prices on change
yesterday going back to Thursdays prices.
Most of the decline occurred on the cal
yesterday afternoon. There was noticeable
a marked decrease in the speculative de-
mand. No. 2 sold at 66c. Rye was nomi-
nal at 55c. Samples quiet.
For barley there was fair demand for
futures of No. and No. 3 and shade
better prices were bid. The offerings were
light. Cash barley was quiet and rather
neglected, with the offerings light and the
demand also limited. No. was about
80@82c and No. about 52@54c. Sam
pies rather slow.
Provisions look quite stand to-day.
Firmness and increased activity were The
features of the market. At the opening
the trade was a little slow, but an upward
turn in the leading cereals developed an
improved speculative demand for product,
and turned the movement in prices in an
ascending direction. After the morning
call the tendency and condition of affairs
were about all sellers could desire, and on
all descriptions of property substantial
improvement was established. Specula-
ton was largely confined to the more ex
tended options.
Pork was higher and more active. The
trading the session was on a more liberal
scale than for some days past, and the
business transacted aggregated quite a
fair volume. May was the favorite, though
all the other futures traded in received
more than ordinary attention. Based on
yesterdays closing prices on change the
advance established amounted to 15@
171sc.
The advance in lard amounted to SO
719c. The feeling was strong, and when
inaugurated the upward movement was re-
markedly we'll supported. A fair business
was also transacted. Cash aud January
were slow.
Some $4,000 hogs arrived to-day and sold
5@1Oc lower than yesterday.
The week has been a rather quiet but
somewhat noticeable one in provision cir
Giles. In the aggregate quite fair bust
ness was transacted, both for immediate
and future delivery, and at prices show
ing limited variations, all things consid-
cred. The out-go for the week again
shows up quite free, though not quite as
large as for the corresponding week last
year,while the receipts from outside points
were very fair, the manufacture liberal
and hence there was some gain
in stocks on hand. The very liberal re-
ceipts of hogs, it is fair to say, surprised
nearly every one, though all looked for
from 10000 to 100000 head. An effort
was made with this end in view, beginning
Thursday of the previous week. Packers
at this point were generally of the opinion
that there are not a great many hogs yet
to come forward, and inasmuch as the
sentiment of trade was rather
bullish, they deemed it wise to
offer inducements to shippers to
bring the hogs in so that they could buy
them prior to prospective advance. They
knew they had to pack liberal proper
ton of the remainder of the winters crop,
anb wanted very naturally to buy them as
low as possible. The faith in futurity is
shown by the steadiness of values in the
face of large receipts of hogs. Packers
paid little higher average than last week
for their hogs, and seemed perfectly
willing to do it, and sold the
product at prices very little different from
those that prevailed one week ago. Tues
days receipts of 6O,575 were the largest
of the season, and the second largest day
in the history of the trade, the largest day
being Nov. %, 1879, when they reached
64,643 head. It would seem that these
large animals would breed more weakness
than they. did. Packers willingly paid
better prices for hogs, and
the bears did not throw
any product without finding buyers. In
these particulars the week was somewhat a
notable one. Ordinarily, and in the gen
eral current of affairs, prices ought to go
down under large influx of hogs like we
had the present week. We cannot expect to
receive the same liberal supplies of hogs
week in and week out as arrived during
the last six days. Indeed, if the trade is
not much mistaken this is the last big
week of the season. The reason why prices
did not break may be found in the
following summary of the situation: 1t is
generally known that at the opening of the
present packing season the markets of
America in comparative sense were bare
of product. As near as can be figured,
there was not 100000 pounds of all
kinds in sight in the country, while on
Nov. 1, 1881, there were about 131 100000
pounds. Our exports fell off largely, and
we had year of high prices,
but the product went into