Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-23


Everingham & Co. to-day received tele-
graphic advices from their CORES ondents
in the twelve principal corn producing
states gathered yesterday which show SUBJ
stantlal improvement recently. All but %
OF the 4l5 points heard from report corn
to be all planted, but at nearly three
fourths has replanting been general; 112
report the start of the plant to be good;
2s5 fair, and 60 poor. A half have cult
waited once, nearly one-third twice, and
the remainder not at all. OF 80 Minnesota
points, 5 report the condition of corn to be
good, 20 fair and poor.
The speculative market for oats was dull
and heavy. Cash No. was 1@1Ic
lower and yet the offerings were only
moderate. Sales were made at $3.50
$500. The near futures were unsettled
and early they sold down 24@1c, when
most of the decline was recovered, but this
was followed by dull, dropping market
with little disposition shown to trade.
Prices finally cloSedl 20 Bc lower. The
deferred futures were queit and tame at
about 4@38c reduction. The shipping
demand was moderate early, but buyers
soon got what they required and withdrew.
Late in the session there were offerings
at lower prices and sales were slow. Early
IN the session there was a moderate trade,
but after about noon the market was
neglected and little was done The de-
cline was most severe for June and July
deliveries.
Rye was steady and firm. Cash sold at
yesterdays prices, and futures were little
better early.
There has been less speculation in pro-
visions, and so the volume of business has
been much smaller than for a week Early
there was better demand, but it came
from shorts and prices eased off under
selling or ders from New York. One broker
covered line that he claimed paid $7O,-
900 protit,and he struck low day to buy on.
There are two opinions regarding the
cash demand, viz: That the decline is en-
abling brokers to buy at limits given some
weeks ago, and that the demand will expire
as these orders are filled. On the other
hand it is maintained that new product is
so low that consumers have commenced to
buy, and that the demand will not dimin-
ish until the stock here has been largely
depleted. This view is Armour's. To-day
shippers have taken 1900 bbls. pork,
$500 tierces lard, 100000 lbs. ribs.
Conservative men believe Armour having
been forced to carry such a load of cash
and July options, will find it
to his advantage to force prices,
even if other options are neg
lected. Throughout the day prices
averaged firm. Full outside figures we're
not maintained on anything, but the aver
age figures of to-day show very moder-
| ate improvement on the average figures of
yesterday. Foreign advices showed an
easy feeling in that quarter, and Liverpool
quotations were reduced Cd on pork. East
ern markets were quiet, but prices ruled
steady. Receipts of produce were fair
and the shipments quite liberal, especially
Of lard. Receipts of hogs are only mod
crate, not as large as c year ago, and
prices to-day are irmer, with the quality
excellent. Receipts for the week will be
about 10000 head, against $1,000 head
y
| a moderate trade at little
higher range of prices. Within
the week quite & liberal amount
was taken for Canadian and eastern ac-
count, while the majority of operators are
not so much disposed to sell futures short
as they were three or four days ago. Full
outside prices were not sustained, but the
closing shows moderate appreciation
over yesterday and the feeling throughout
quite satisfactory, the market seeming to
have gotten into good shape. June was
quiet at a fraction under the July option.
Cash sold at nearly July prices. Quite a
good business is reported in the way of
settling up outstanding contracts. The
market opened 215@5c higher, which was
25c. During the latter part of the session
the feeling was easier again and prices
receded 10@12c and closed com
paratively steady. There was another ap-
probation OF 5000 on the call. The
offerings Of lard were liberal and the de
mand was brisk for both present and fu-
ture delivery. The market opened strong
er, and prices were 1O915c higher per 100
pounds and further advanced SO 10c, but
gradually receded again 5@715c during
the latter part of the session and closed
comparatively steady. Shipping demand
active, and several round lots were taken
for eastern and foreign markets. The
shipments during the past twenty -four
hours include 10000 tierces forwarded by
lake. Cash was in active request and sold
at 1915. A gain Of 1215 915c was melted
for the day, call figures being shade bet
ter than those going at the close of the
board. The offerings both for immediate
and future delivery were not nearly SO
urgent as for the previous several days.
The inquiry into the character of Fowl
er Bros lard is still in progress. The
Fowlers have produced strong evidence to
prove the purity of their steam rendered
product, but it is admitted that what is
known as refined" lard contains tallow
Up to to-day the proceedings of the in
vestigation, although understood to be
Sapraf houn bod 49,