Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-15

| Barley was neglected. There was moth
| ing doing, and 1t is impossible to give
prices of any kind. There is no specula-
ton whatever, and the few cars of cash
offered from day to day go to the sample
market and sell very low. Near the close to-
day there was some inquiry as to the new
crop, and new No. 2 September was Of
| fered at 75c.
The provisions market to-day was com
paratively quiet, its fluctuations being
confined within rather narrow
| range. Sales were made at prices averag-
ing some higher than those current
yesterday, and at the opening the feeling
was quite firm, the receipts in hogs being
light and prices considerably higher. But
the air was full of rumors and some feared
yellow fever, Notwithstanding dispatches
received contradicting the reports of the
disease at New Orleans. Still, the rumors
were sufficient to cause weakness and de-
press values, and the closing figures were
little different from those current at
the close on Change yesterday. The ship
ping demand was only fair, but reported
transactions do not represent all the sales
made. Pork was only moderately active,
and early in the day was firm and higher,
selling up 25030c but reacted 3715c under
fever rumors, became stronger and closed
at prices just turn dearer than those cur
rent at the close of change yesterday. The
shipping demand was quiet, and July sold
sc under the August option.
Just moderate business was transacted
in lard. Early prices were stronger but
weakened off later, with pork closing
fraction better than yesterday. The ship
ping demand was not urgent, July and
cash are just shade under August, which
closed at $8.4715 sellers. The disquieting
rumors current had no foundation except
in the imagination of operators.
1t is unquestionably sound policy to
keep prices at point where the consumer
will continue a free buyer. To say that
the west is surfeited with stocks is an
error, for the reason that interior manu-
facturers had sold ahead and delivered to
Chicago parties some time back, simply
because they could not induce the con-
sumner to take hold, hence it is safe to sup
pose that Chicago really holds the great
bulk of the supplies in sight, and while
stocks here are larger than a year ago, it
is doubtful if the stocks in the country are
much larger than last year. We are get
ting much better class of hogs and pro-
ducing more product than last season, but
inasmuch as we are Offering itat least SO
per cent. less than last year ii would seem
as though consumers would buy freely.
The break in prices was caused chiefly by
the failure of one large house, which
pulled down others. It is true that the
demand on consumptive account was
small, but it is quite probable that but for
the failure above referred to the
present low range of prices would
not have been reached this
season. The consumers certainly had not
anticipated such low range, bat in so
much as they can see that confidence is
lacking they are not buying with the free
dom they undoubtedly would were they sat
istied that the trouble is over, and the
chances are they would buy more at prices
3 q 1c per pound above those now current
than they will at to-day's prices And it
is quite probable that those who are so
free short sellers may wake up to a reali-
cation of the fact that the product is worth
something after all. It may be that the
crop will go into consumption at lower
prices, but if it does the trade will be dis
appointed. Shipments are very fair, and
we are reducing our stocks not very rapid
ly, to be sure, but receipts of hogs are liza
| BILE to be less than they have been for the
last few weeks, and if this should be SO,
then produce is well worth the money now
asked for it. Next winters crop of hogs
promises to be very liberal one, and this
will exert some influence on prices
| of product now on hand, but after all is
hardly the guage of present values.
There were 5000 live hogs received at
the stock yards to-day. The market was
much improved and recovered yesterdays
decline, heavy hogs advancing 15@ zoe and
light So 1Oc.
The receipts of grain to-day were 90
cars of wheat, All of corn and 1873 of oats,
besides 1000 bushels oats by canal, The
grain charters were $1,000 bushels wheat
and 154, 900 bushels corn.
Armour stated to day that he believed
next week would be a good one for the
trade. The failures were now all over
and everything was assuming healthier
tone that betokened confidence and proba-
bly, better prices.
The call board will hold no afternoon
session from now until September 10, ad-