Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-25

receipts of hogs were moderate and prices
ruled easier, which had temporary effect
on the course of the market for product
early in the day. Foreign advices were
meagre, but sufficient to indicate stead
Ter feeling in that quarter, and bacon in
Liverpool was quoted Sd higher. Reports
from domestic markets were limited, and
indicated no material change in prices.
The receipts of product were moderate
and the shipments quite liberal of meats,
but moderate of pork and lard. At the
opening the market was stronger and
prices were slightly advanced, but the
offerings for future delivery were increas-
ed and prices gradually rec5ded again.
About the middle of the session a stronger
feeling was developed, and the prices were
advanced again, but this was quickly fol-
lowed bp another reduction. During the
latter part of the session stead
Ter feeling prevailed in prices
confined within small range.
Trading was local to an unusual extent,
outside business being for all practical
purposes cut off by the strike. Until the
shrinkage in grain caused this market to
sag in sympathy, everything offered was
taken, but afterwards the local element
were not disposed to do much beyond
making an occasional scalp. The ship
ping demand was very moderate for near
ly all descriptions, and very difficult to
obtain for immediate delivery, though as
there were about 100000 pounds of
stock here the first of this month it is evil
dent there are some hams here. Packers
generally concede that our stock Of meats is
not being diminished as it should be at this
season, and argue that prices must accom-
modate themselves to shipping demand.
Fine hogs to-day were selling sc lower
and $4,000 were received.
There was fair business reported in
the mess pork market, but trading was
almost exclusively on speculative account.
In general way the offerings were fair
and the inquiry moderately active. The
market opened firmer and prices 5@1Oc
higher, but soon weakened, and the i'm
provement was last. About the middle of
the session, the market was stronger and
prices rallied 10@15c. This was followed
by another reduction of 5@10c, but
during the latter part of the
session the market was steadier again.
Cash quiet and quotable at $13.75@14
according to quality. July and August
are nominally the same, closing at $3.50
bid. In lard there was very little done.
An unofficial canvass made of the stocks
on hand show $4,000 tierces against 1885,
900 tierces in August year ago, but the
shipments so far this week show falling
off, and while the trade were not disposed
to sell freely for future they were not anx-
ious buyers, and the market ruled quiet
from the opening until the close, and clos
ed quiet at about the same as on Monday.
Fairbanks people were buying August and
September lard but sold an equal amount
of October, and the desire to even up
trades may prevent any squeeze by them.
News was received from Milwaukee that
the resolutions on the telegraph difficulty
had been presented to the chamber of COM
merce and would be formally acted on to-
morrow. The Chicago board is asked to
cooperate, but has taken no action in the
matter. The resolutions are as follows {:
WHEREAS, Telegraphic communication
throughout the United States has been vir-
tually suspended for five days, involving
immense loss to the business and agricul-
tural interests of the country and
WHEREAS, The Western Union has, by its
grasping policy, destroyed all competition
in its line of business, and has forced the
public to accept it as the only vehicle of
telegraph1c communication, going to the
length of monopolizing the railway sys-
tenn of the country for its own use to the
end that no competing lines may be con-
structed thereon; therefore
Resolved, That this chamber of com
merce demands of the Western Union
Telegraph company the prompt restora-
ton of Geographic facilities throughout
the country, which said company has AFRO
gated to itself to furnish the public.
Resolved, That it is the sense of this
chamber of commerce that in case congress
should take any action to protect the pub
lie against the incubus of telegraphie
monopoly, it should not do so by the pur-
chase of existing lines, on the basis of
watered stock or valuations beyond the
actual cost of construction and equipment.