Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-23


The weakness in the hog market caused
slight reduction early in prices for the
| leading articles, but the market was q
tritie steadier toward the close Receipts
of product we're fair, and the shipments
moderately large. Foreign advices showed
little change. Lard was quoted Sd lower,
and long clear sides Sd higher. Easterns
! markets were rather quiet, and prices with
out material alteration. Only
moderate business was reporter in the
market for mess pork. The speculative
demand was rather light and the offerings
somewhat limited. Prices on the whole
range declined 10@15c, but closed com
parstively steady at outside figures. The
shipping demand was light and cash lots
were quotable at $13.50@14 for old, and
S14.3715@14 so for new,
Trading was light in the lard market,
and prices ruled 21a65c lower per 100
pounds. Offerings were not very large.
Cash lots were quotable at $S.S5@S5O
Little was done in short ribs, and the mar
ket was weak and 5000 lower. 1t is
thought that hogs must decline next week,
as the contracts for green hams for De-
csmber are about filed. It will be remem-
oered that in the early part of October
about 100000 pieces of hams were con-
tracted for in this market for December
delivery at about 61a@65sc. The mild
weather during the first part of month
showed the filling of the contracts into
the last part of the month,
and hence the hog scalpers were enabled
to force prices up on the packers, who
had to have hams. To show how this Of
fected some of The crowd it is only neces-
sary to note that jack Cndaby'' bought 200
hogs on yesterday and about the same the
day before. As Mr.. Cudaby has been on
the right side of the market for more than
year, and is credited with having made
cool million, the little bagatelle of loss
of 40c apiece on 10000 or $4,000 hams
only serves to make him use strong Ian
guage.
There are great differences of opinion
in regard to the future OF the provision
market. About O'clock this afternoon
cables were received from France an
nouncing that ''the chamber of deputies
had voted against the rspsal of the de-
cres." This can be construed in two Ways.
Until further news ii il uncertain whether
ii means that the minister has been SUB
tanned or defeated ia his action in opening
French markets to American hog pro-
ducts. II the prohibition is to continue,
spectators will use the argument
to depress the market which would suit the
action of Armour and other large packers.
But at this junc.urs it will be we'll to re-
member that Mr. Armour said at the time
it was reported that the prohibition had
been removed, "Is will make difference
to the spectators only" On January LIST,
Mr.. Phillip Armour will lose his cleft
employ to establish the house of Hamill
il Brine. Mr.. Brine is the
gentleman who conducted the case of
McGeooh vs. Fowler IL Co. in the famous
lard case. He is one of the most popular
mon on the street, and would probably
have succeeded Nr. Charles Randolph as
secretary of the board of trade had that
gentleman not Withdrawn his resignation.
Mr.. Armour does cot permit Mr.. Brine to
leave his employ without placing him un-
der lasting obligations for his future. As
an old commercial man said, "Philip
don't do things half way"
At the stock yards trade was
quiet, as usual on Saturday, and
receipts light, among which were
soms very good cattle, one let making
500 that averaged over ], 400 weight. The
bulk of the receipts were composed Of fair
to good butchers stock, for which there
was good demand. Shippers were doing
but little, and the dressed beef buyers
.ing about their usual number. Tbs
market may be reported as closing steady
| on all grades. A stockyard's authority
| says: although fat cattle may have sold
116 zoe lower than last week there has
been big trade. For the six days end
ing Friday night $4,000 cattle have
| arrived and been disposed OFF, The decline
was mostly on Tuesday and Wednesday.
Prices picked up tride on Thursday and
Friday, but were not quotably higher.
There nsvsr has been such strong de-
| Mand for prime butchers stock. Fat
cow, fat oxen, and even fat bulls have
seldom sold higher. The heavy receipts OF
| cattle is subject of much comment, con-
sidering that the Texas and far west run is
over for the season. Not over
1900 of these arriving this
week were far west or Texans.
The quarter section farmer still leads as
against the great ranchman with his thou
sands Of acres. The holiday trade is over
for Ens stock, and hence the reports of ex-
ira prices is over for another twelve
months.
Hogs opened slow and weak, the first
sale showing short decline as compared
with the close last night. Choice heavy de-
clined strong 10c, mixed packing and
light 10c@ 15c, and there were statesmen
VINO declared they fold their hogs
20s lower than yesterday. Be this as it
rasy there was sharp and sudden decline.