Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-30

prices have been reached all around in my opin-
ion, but the public are coming in as they usually
do after 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 a rule favor
lower prices, while the outsiders ara always
looking for an advance and betting against US.
Prominent houses are selling both oats and
corn, going short and selling out long stuff.
Provisions sympathized fully with the weak
| ness nGticed in the leading cereals. In the
morning yesterdays closing prices to shade
better were very generally realized, hut the
strength exhibited was promptly supplanted
| by declining turn and decided shrinkage oc-
CURED in values al round. During the best
portion of the day the feeling was bear1sh, 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 buvers. The
decline in pork amounted TO ia@2Oc. The best
prices gu ted were realized during the early
part of the session, and the luwest shortly before
| ths 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-
| ary and May being the leading deals. Cash
pork closed at Sl3.S0@I3. so fer old and new;
February, si4@l4.024; May, $I4.521S.
| Lard followed in the same course as PORK,
and closed firm at 5@l0c below yesterdays
close. Tonight February was 1915, May
| $9.12N.
There w,s but little inquiry for short ribs,
and they closed 5@1'c underyesteraay's prices.
conservative house wrote to lis customers
| tonight: "Proyisions have averaged lower but
| steady at the decline. Trsding active and
quite large. Packers were quietly covering their
| shorts, and thoughL by some to be buying little
for long account. There was also great deal
| of unloading by weak holders for fear the
| stocks on January will prove large, and that
the ''French edict'' will materially affect the de-
nland for cash product and put speculative
values lower. We ara inclined to think hog
| product about lew enough for 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-
ceipts of hogs 5000 head. Estimate for next
week Ire, ,0OJ head.
| The -four market was Gull and neglected.
| There were no shipping orders on the market,
and local jobbers selected few lots of sprirg
| wheat d rye -four. The MARKET in fact, ruled
| extremely dull. Prices were Unchanged but the
| feeling was weak. Spring wheat -four S3.5O@5
for common to choice Minnesota So 5O@4.25,
| and do. bakers 4.7515.50, and patents $50
$50 Winter wheat flour is quoted at $4.75@
| 5.65, for southern Illinois and Missouri $40
$40, for Michigan low grades 2.25
| @3. Ryefour quiet at So. 259s.40 in barrels.
Quotable as low as SO in sacks. Wisconsin
buckwheat -four quotable at S6.75@7.50. There
were received 109,6 ,626 barrels OF -four at his
point during lhe past week, and the shipments
| were l1u, ,375 barrels.
| At the stock yards there was a fair demand
for ell the fat cattle sale, the market closing
cteady and stroI s the best choice grades,
butchers stock steady; the poor and inferior
| sorts such as rough or emaciated animals low
| cloir hat oil 81
a head lower than last week. There WIS fair
clearance, and the market generally closed
steady. a big run is looked for next week. The
| hog market continues unsettled, and values to
rule weak. Packers are not willing
to pay the prices asked, and also seem unwilling
to take the accumulations now IN the hands OF
| spectators. Each night this week the marke;
has closed with from 5000 to 10000 in the
pens unsold, mainly in the hands of sreculators.
There seems no united action on the part OF
packers, but each ind vidual seems working in
the same direction, viz, to break the specu-
lator. To-day the market was again doll;
| prices very irregular, weak and on the whole
perhaps lower than the close last night and
fully l0c lower than the first Gales early
yesterday morning. Very good packing hogs
with good top averaging $50 to $50 lbs. sold
| for 1910 tc $3.50 and the best ut So. 40 aud
$3.50. Common rough and poor sold at "a. 80
to IS. 4 few good shipping hogs sold at IS. 40
TO 20 .bO ana Ph1ladelphla 90. 10 TO So.5o. Com-
mon light $4.6O to 81 SO, and choice assorted
| light IS. 90 to IS. 40; good many at $40 to
$525. With the fresh receipts there were pro-
bably 10000 sale.
There is sharp demand from shippers fol
sheep that suit the trade. Hence they sold
quick at strong prices considerably higher thar
during the fore part of the
week Common and medium are also
selling better, but this strength to prices and
sharpness to demand is only because the run i.
light and 1000 or 5000 to the receipts to-day
and there would be little or strength in the
market. Nat Bachelor, the well known rheeI
buyer for Hollis & Mayo, Boston, arrived at the
yards to-day. He has just completed his Cara
dian campaign, where he purchased out as
600 spring lambs at a cost of 81 50@S.40 ;
head in Canada. The duty was Soc head OF
those that cost 81. 20 and 60c on those that cos
S3. This great sheep firm of Hollis & Mayo
handled nearly 6O0,0G0 sheep the past year.