Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-26

out their trades and accept their
losses, and this added to the weakness
and the downward tendency IN prices.
The accounts of product from the interior
were quite liberal, and the shipments are
reported good for the season of the year,
especially to foreign markets. Prices of
hogs and product are out of proportion,
and this makes the feeling unsettled, for
operators are distrustfnl which side of the
business must give way to place the trade
On an equitable basis. This, too,
interfere5 somewhat with the
calculations of merchants in
the distributing markets. The returns of
the packing of the West will no doubt
show larger number of hogs packed than
generally calculated upon. Consequently
the manufacture of produtcs was larger.
The distribution of dressed beef at lower
prices throughout the leading markets of
the East is no doubt interfering somewhat
with the. consumption of hog products in
the large cities.
The foreign demand for hog products
was fairly active during the past week,
but the offerings were light, and sellers ad-
vanced their prices above the views of
buyers. Bacon was in good request, es-
pecially for the German and scandinavian
markets, but lard was little called for.
Foreign advices were unfavorable to hold
ers and lard was quoted Is lower and ba-
con Sd lower. Manufacturers have in
creased their shipments to their agen-
oil 4ho
weeks. Foreign freights steady and well
maintained.
The domestic demand for hog products
was only moderately active. The irmness
manifested tended to check business to
some extent. The orders from the South
were moderate and generally for small
quantities of mess pork, short rib side and
smoked meats. The demand from the Pa
cifc coast markets and the mining dis
tricts of the West was rather light. The
inquiry from Canada was fair, and mainly
for mess pork. The orders from the
Eastern markets were moderate, and in
cluded some product for delivery during
the summer months.
Ascandal in the provision pit is va
or more just under the surface and has
| poked its nose so often in sight that it
might just as well as not be printed and
explained. On the first day of last Febru-
airy the Anglo-American Packing company
delivered 5000 and odd barrels of pork to
Armour & Co., and every barrel was short
weight. Upon the discovery of this fact
there was a pious raising of hands among
the packers. Business proceeded in the
! pit just IS if no member of the crowd had
/ ever been caught at giving poor measure.
a clerk, as soon as the light weight was
discovered, was sent post haste, it is said,
to return the pork, but forty nine cents per
barrel penalty was paid by the peccani
packing company on over 5000 barrels
this amount just covering the cost of shat
which the barrels should have con-
tanned, but did not. Armour &
Co., it is said, at the time this
irregularity was discovered, owned all the
product, and fearing that publication OF
the scandal would bring discredit upor
Chicago pork and start raid upon the
market, conceded the fact and made nc
complaint to the board.
The trial of the suit of Stephen G
Hooker against MeGeoch, Everingham &
Co. was begun before Judge Gary yea
terday. The defendants are commission
men, and bought pork, lard, wheat anG
corn for Hooker. They had $3,43781 OF
Hooker's money in their hands, and after
this had been exhausted as they claim, they
sold his options before they matured. Had
the options been held Hooker would have
made about $4,000. AS it was he lost thai
money which he had. It is to recover THU
that he sues, it being admitted that ht
could not recover the possible profits of {
gambling transaction. The sui
has been tried once ant
Hooker won it, but the appellat:
court reversed the decision.
The position of corn, wheat and foul
abroad has not improved in the last fort
night, says an exporter. The stocks there
are as large and even larger than they
were at the beginning Of the month. Sc
prices are not so high and the buyers have
the better of the market. The weather
abroad has recently been good. Russian
wheat is on the move. The cable on Thurs
day announced that India wheat was being
offered in Liverpool relatively cheaper
taking the grades into consideration, thar
American wheat. There is no question but
it will take bad weather. or the promise OF
a considerable further damage either tc
this or the foreirn crops to bull the Eng
lish grain markets.
On this side of the Atlantic there have
been some notable changes in the position
Of wheat since last week. While prices
have sustained a little decline, reliable
news of considerable damage to the 1888
| crop of winter wheat has been received.
The government bureau announces prob.
able damage of 10 per cent. to the winter
! wheat crop, and the best private in
formation of probably a later date
than the bureau's,plaee the damage above
10 per cent.
AS the time for the opening of naviga-
ton advances, the grain carriers and ship
pers seem to be arriving ct mutual IN
| derStandipp Whaak Ia hsinr lopdad oil.