Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-31

visible supply has donbledi in the past few weeks
Yesterday, for instance, we had OF .00o bushels
in and only shipped some 5000 bushels. Top
! prices have been reached all around in my osin-
Ion, but the public are coming in as they usually
h0o after an advance. Until they
| get shaken out the market may have an appear
| ance of strength, but it will not last long. The
public ALWAYS get left. Brokers as q rule favor
lower prices, while the outsiders are always
looking for an advance and betting against us.
Prominent houses are selling both oats and
corn. going short and sellin5 out long stuff.
Provisions synpathized fully with the weak
ness noticed in the leading cereals. In the
morning yesterdays closing prices to a shade
better were very generally realized, hut the
strength exhibited was promptly supplanted
by . declining turn and a decided shrinkage oc-
Cured in values all round. During the best
portion of the day the feeling was bearlsh, and
buyers had by far the best of the movement.
Speculation was active and the business tran
sacted was larger than on either yesterday or
Thursday. Shippers were light BUYERS. The
decline in pork amounted to l6620c. The best
prices gu ted were realized during the early
part of the session, and thelowest shortly before
the closing. At the extreme close
the feeling seemed to show increased
strength, and buyers if disposed TO
purchase had to meet the views of sellers. The
days trading was comparatively liberal, Febru-
dIs anu Alay DSlng the ledulhS ueals- tdSl
pork closed at Sl3.S0IiS.5U for old and new;
February, Sl49I4.O2H; Nay, SI4.52H.
Lard followed in the same course as pork,
and closed firm at 50lUc below yesterdays
close. Tonight February was 1915, May
S9.l24.
There WIS but little inquiry for short ribs,
and they closed sal, C under yes ter{ay's prices.
A conservative house wrote to its customers
tonight: 'Provisions have averaged lower, but
steady st the decline. Trading was active asd
quite large. Packers were quietly covering their
shorts, a2d thought by some to be buying little
for long account. There MAS also q great deal
of unlsading by weak holders for fear the
stocks on January lwil prove large, and that
the French adIct" will materially affect the de-
maid for cash product and put speculative
values lower. We are Inclined to think hog
product aboutlsw enough foc a time. The esti-
mated receipts for January are below the aver
age, and if the packers should change
front and help the public feeling
next month would witness higher prices. Re
week 125,00U head.
The -four market was dull ard neglected..
There were ne shipping orders on the market,
and local jobbers selected a few lots of spring
wheat aid rye -four. The market, in fact, ruled
extremely dull. Prices were unchanged but the
feeling Was weak. Spring wheat -four S9.5O05,
for common to choice Minnesota So .50G4.25,
and DO. bakers 4.75G5.50, and patents $69
$50. Winter wheat -four is quoted at S4.759
$50, for southern Illinois and Missouri $40
5.4U, for Michigan low grades 2.25
03. Rye -four quiet at 50. 254s.f II IN barrels.
Quotsble as low as SO In SACKS. Wisconsin
buckwheat -four quotable at Sc. 7507.59. There
were received 109, 626 barrels OF -four at this
point during lhe past week, and the shipments
were liU,375 barrels.
Al the stock yards there was a fair demand
for ali the fat cattle on sale, the market closing
steady aud stror & on the best choice grsaes,
bntchers' stock steady; the poor and inferior
sorts, such as rough or emaciated animals, low
ST. Some statesmen claim that old cows are S.
L head lower than last week. There WAS q fair
clearance, and the market generally closed
steady. 4 big run is looked Tor next week. The
hog market continues unsettled, aud values to
rule weak. Packers are not willing
to pay the prices asked, AID also seem unwilling
to take the accumulations now II the hands of
spectators. Each night this week the market
has closed with from 5000 to 10000 in the
pens unsold, mainly in the hands of SPECTATORS.
There seems To united action on the part of
packers, but each ind tvidual seems working in
the same direction, viz, to break the specu-
lator. To-day the market was again dali;
prices very irregular, weak ard on The whole
perhaps lower than the close last night and
fully lOc lower than the first Gales early
yesterday morning. Very good packing hogs
with a good top averaging $50 to so lbs. sold
for $50 tc $3.50 and the best at So. 10 and
$3.50. Common rough and poor sold at 81 so
to So. A few good shipping hogs sold at $40
to S.. 60 and Philadelphia s.. rs to S.. 49,. Com
mon light s4.6 50 to 81. 80, and choice assorted
light 81. 90 to S.. 40; a good many at IS 20 to
SIS. 25. With the fresh receipts there were pro-
baby $4,000 on sale.
There is q sharp demand from shippers for
sheep that suit the trade. Hence they sold
quick at strong prices considerably higher than
nTTn tho A-n -a- @ha /
week. Common and medium are also
selling better, but this strength to prices and
sharpness to demand is only because the run is
light and 2,000 or 5000 to the receipts to-day,
and there would be little or no strength in the
market. Nat Bachelor, the well known sheep
buyer for Hollis d Mayo, Bostoo, arrived at tie
yards to-day. he has just coz pleted his Cana
dian campaign. where he purchased a out 2s,-
600 spring lambs at a cost Of 81. 50G3.z0 a
head in Canada. The duty was SOC a head on
those that cost 81 and 60c on those that cost
So. This great sheep firm of Hollis g. Mayo,
hasdled nearly 800, 600 sheep the past year. 4