Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-18

consequence, more numerous than their
chances of loss. Notwithstanding there
have been more hogs slaughtered in the
west SO far during the present season than
for the corresponding period last season,
there is an Enthusiastically strong undertone
to the provision market, and as indicated
in our review of week ago, the trade
leans rather strongly to the bull SIDE
There are those who have seemed to antic
ipate a break in values before any sub
stantial advance could be established, the
superstition being that no man or set of
men will care to load up at figures around
those now current, when by little con-
certed action prices might be forced down
some, and the stock be thereby concen-
trated at a relatively cheap figure. But
the market has tended upward, notwith
standing some effort was made to break
prices. The stronger grain markets, how
ever, coupled with unfavorable weather
and not favorable reports from Europe as
we'll as America of the agricultural pros
poets, formed a combination which exer-
cised strong bull influence on the markets
generally.
During the week there were quite free
purchases of meats made for delivery
between now and June, certain amounts
each month by men who are inclined to
stock up at the prices current, which does
not indicate that these parties, at least,
anticipate much lower prices, and, indeed
Notwithstanding the indications point
strongly to the fact that the West will pro-
duce as much product the present winter
season as it did during 1881 and 1882, the
truth is the country is considerably short
of supplies as compared with year ago.
Some of the larger distributing
points are buying in our market,
this early because they can not
get whet they want nearer home, which of
itself indicates reduced stocks. The for
eign trade from this point is largely di-
rect, the manufacturers shipping the
bulk of the product themselves, SO that
commission merchants report small or
ders. But we note as a fact that the ex-
ports are showing little more freely
each week, and while some 32,500,000
pounds behind the same time. last season,
bids fair rather to improve than diminish,
as it is claimed that stocks at the princi-
pal points in Europe are quite reduced, SO
there is little of discouraging nature in
the outlook for holders.
The speculatros who have patronized A.
W. Nohe's bucket shop, at 124 South Clark
street were angry men this morning. The
shop opened at the usual hour and
as the indications around the alley and the
open board were that grain would open at
high point, many of the spectators put
| up their margins in advance before the
| regular board of trade opened, accompa-
MED by orders to sell at the opening figure
Wheat opened at SLIT per bushel, and
quickly dropped to S1.161s, and the de-
cline had hardly fairly set in when Consta-
bic J. D. Seaman with an assistant gave
| notice of levy on the place to satisfy a
claim of 5000 of Frank L. Camp. The
| constable at one time drove out the specu-
lators and closed up the place. The men
| not close out their deals or get their mar
gin back. Nor could these who had made
deals yesterday or prior thereto, close
them. Nohe has frequently gave up be-
fore. His shop is the one that recently
sustained an adverse decision in Judge
Moran's court, and it was said that the
willy manager had ''laid down" to avoid
paying the $4,000 damages which Judge
Lawrence and Gen. Thompson claimed as
legal fees in the case. None has been do
ing large country trade, and also good
city one. The number of his trades aver
aged about 200 day. He has been selling
wheat short for some time, and the market
going against him, ne has been unable to
fill his contracts. He says his affairs will
be Strengthened mp again by Monday.
s. G. Cooke d Co., commission brokers,
who have been operating upon the open
board, suspended this morning and or
dered all trades closed. The amount in
volved is about $4,000, and the
difficulty is attributed to holding too heayi-
Iy for customers and not Failing" them
sufficiently. One broker tersely remarked
that in his opinion the suspension Of that
firm is due to the fact that they spread
themselves too much on margins" Ali
settlements made by the firm to-day will
go through the clearing house all right
next Monday. Cooke says that everything
which the firm have standing out will be
settled up on Monday or Tuesday, and
business will be resumed soon.
NEW YORK