Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-03
4 Large Supply Of Hog Products ant
Lower Prices Secured.
THE BUCKET SHOP LITIGATION
Vanderbilt Stocks Rather Weak in COM
pany With Northwest Shares
CHICAGO.
Especial Telegram to the Globe.

rate business, but prices W. re ss.sna,,oIlv
weak, declining q c from tn +. h4ghes* noinf
nd at the close January .vs,.s 81 sesS than
saturday, February 10 less, and May 70
ess> Early sales. we're at about the clos
ing figures on. Saturday, but finally eased
Of d q 28c then recovered some, afterwards
fell q q 10 from the highest point, and
closed weak. On call prices ruled easier
than on the regular board. Winter
and spring were both quiet and
rather steady. The wheat market has been
dull for long time, but has held up well
under the circumstances. This is due
mostly to the local demand, which has
made up in part for unfavorable surround
ings. There seems as yet to be no dispo
sition in any quarter to raid this market,
and this is giving little more confidence
to buyers. 1t is believed more strength
may be looked for in the grain soon.
Some brokers predict little boom before
the month ends.
Flour continues neglected and dull, with
few outside orders and home buyers hard
~ looking at samples. The feeling is one
of dizziness and shaded prices had to be
made to-day to sell.
Only moderate business was transacted
in the corn market to-day, and the feeling
was weak. The receipts were fair, and
foreign advices were Indicative of dull
feeling. Shippers bought moderately of
the lower grades, and spectators did only
moderate business. Trading chiefly of
local character. Prices fuctuated with
in range of solo for the leading fu-
lures, and the market finally closed 5sc
lower for January, and 1sc lower for Feb
ruary than the closing figures on change
Saturday, while. May closed about &c
lower. No. 3 was in moderate request,
and closed at about 1870. High mixed
sold at IL premium and No. 2 to about the
same price. Rejected closed at 43c. New
mixed closed at 1880. New high mixed
sold at 4515@454. Ear corn was very
dull and weak. In the afternoon the offer
ings we're more free, but prices held quite
steady. adj 81
Oats early we're slightly better than Sat-
urday for all futures, but with cash break
ing down to the January rates, and going
slow at that, with the receipts liberal and
rather pressing on sale. No. 2 cash was
slow, with only car lots wanted, while No.
2 white was selling at No. 2 prices. Sam
Piles were more plenty, with more of the
better grades going to this market, and
there was something of an improvement
at the rates ruling. On call,
however, the futures ruled ca
sier and lost their advantage
This market contrasted very much with
the excitement which attended the maturi-
ty of December contracts.
Rye was neglected and dull, with little
demand for cash and none for futures. No.
cash sold at SIC for car lots of fresh; reg
ular at 501ac; while sample lots were dull.
The barley market was hardly men
toned, and trading next to nothing, with
about the same prices quotable as on Sat
urday, but with buyers scarce for any
grade of cash or option for future. No. 2
cash was nominslly about 79c and No. 8
at SOC, while sample lots were slow and
going at low rates.
The offerings of hog products were more
liberal, and the market ruled weak during
the greater portion of the day, accompan-
| led with natural decline in prices
for all the leading articles. De-
mand fairly active on speculative az
count and shipping inquiry moderate.
The receipts of produce were fair and the
shipments quite liberal of all kinds. For
eign advices were rather unfavorable to
holders, and quotations were reduced IS on
pork and Cd on lard. The eastern markets
declined in favor of buyers.
Pork.-The offerings of mess pork were
rather free. and the demand fair; deliver
les on January contracts moderate. Prices
rather weak and declined 15@2Oc on the
whole range, and closed steady. Cash
quiet
The demand for lard was fairly active
and the offerings moderate; deliveries on
January contracts are rather light. Prices
ruled easy, and declined 10@121ac per 100
lbs aud closed lower. On call both lard and
pork were active, but at still further de-
cline. Buyers were picking up the offer
ings VERT freely at the prices prevailing.
None of the markets yet begun to recover
from their holiday depression.
Some $4,000 live hogs arrived to-day;
5000 yesterday and $4,000 Saturday and
Sunday. The market was active and quite
steady but sc lower than on Saturday.
One reason why the market is so weak
to-day is said to be that purchasers who
loaded up in the expectation of rise i'm
mediately after the holidays have become
discouraged and want to get out. One of
the lucky ones in the late oats corner was
Jim Argus, ahappy-go-lucky operator who
has had more ups and downs than per-
haps any other operator on the board.
Jim made his appearance in Milwaukee at
the time of the Russo Turkish war. He
came here from somewhere in the interior.
and brought considerable money with him
all of which he put IL to wheat. At first he
made heavy gains; then his fortune turned
and he lost every cent, becoming so reduc-
| ed that he borrowed SIS of friend to get
out of town. OF this sum he paid So for
ticket to Chicago, and four hours
| later le-embarked in the wheat
business, IN strange city, on