Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-03

nominal quotations.; there were
neither offerings nor demand. No. 8
cash was also inactive and quotable at 53c,
but futures of this grade met with some
demand and light sales were made for a
little better than yesterdays quotations.
Sample lots quiet; demand light. Receipts
larger but good deal of barley is being
delivered on sales to arrive and the offer
ings were only moderate.
Considerable strength was manifested in
the markets for hog products during the
early part of the day, and the speculative
trading was active at moderate advance
in prices for all the leading descriptions.
Toward the middle OF the session the
feeling was easier and the greater
portion of the advance was lost. At the
close the market was strong again at out
side prices.The shipping demand was mod
crate and orders chiefly for small quanti-
ties. Foreign advices were little more
favorable to holders, and lard was quoted
| Cd higher. The Eastern markets were
without important change. The receipts
of products were fair and the shippings
are understood to be quite large, though
not fully reported. Stocks on all kinds
quite large.
The demand for mess pork was quite
active on speculative account
and prices were 1O@15c higher
early. receded again. but finally closed
comparatively steady at outside figures.
Cash quiet, May in active request, sold
freely and closed firm. The inquiry for
lard was brisk and offerings free. Prices
were advanced log 121ac per 100 lbs
early in the day, but receded again so 715c.
Later rallied again and closed firm. Cash
quiet. The causes before referred to pro-
duced spirited demand, which grew into
an excited feeling later in the day. More
activity than has been evident for long
time was manifested in the
call selling, and the lively
competition among buyers gave the up
ward movement fresh impetus. The gain
made over board prices was very consider
able, amounting to 25@3Oc for pork, and
61Oc for lard. These staples are now sell
ing where they were a year ago. COM
parison with the quotations of this day,
1882, showing lard to have sold but 10c
higher then, and pork 20c better. The de-
mand is very largely of speculative na
ture, and the faith of the betters on higher
figures is based on the influence of specu-
lative trading. Few hogs are arriving dur
ing the prevalence of the storms, now so
frequent, consequently prices range higher.
To-day's receipts weae 10000, and to-day's
prices 1Oc higher. The feeling is firm and
the inquiry brisk. Hogs are now bringing
better prices than at any previous time
within two months.
Western Associated Press.
The marked advances noted in pork and
lard to-day have led to very general i'm
preston among the board of trade men
that squeeze in provisions for February
has begun. The advance on change was
not particularly marked, but on call they
made decided jump and closed strong,
amid considerable excitement. Rumor
has it that Armour & Go. hold
10000 barrels of pork, and have
long line of shorts, not only in this coun-
try bat in Europe also. The small re-
ceipts indicate that the stock of market
able hogs is about exhausted, so that cor
ner can be run with comparative ease. |
N. K. Fairbanks & Co. are said to control
nearly the entire stock of lard and are
credited with operating in conjunction
with Armour in meats. The Chicago Pack
ing & Provision company are said to be in
possession and running a squeeze for
February, These rumors together
with the small amount of provisions on
hand as known by the publication to-day
gave the bulls their own way on call. In
addition wheat showed advancing tendency
for some days, and it is said David Dows
& Co. are putting the screws under
that cereal for February. Finally those who
ran the January corn corner were credited
with the intention to repeat the deal
for March. All the leading articles, there
fore, were believed to be under bull man
ipulation.
The stock of provisions on hand here is
as follows: Mess pork, 100000 barrels:
contract lard, $4,000 tierces; spiced rolls,
36,955,O0O pounds. Same time last year:
Mess pork, 10000; contract lard, $4,000:
spiced rolls, 42,318,000.