Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-20

r
popular IN the estimation of the specula-
tive public as was selling on rallies some
months ago, and the two prices prevailing
make judicious buying on weak places
reasonably safer than making short sales
before artificial prices are reached"
Provisions averaged stronger to- day than
any day during the week. The packers
seemed to have weakened in their selling
proclivities, and it was noticed that such
houses as Fowler Bros. q Co., the Packing
company and Kirkwood, who have been
Offering lots from 1000 to 10000 barrels
! Of pork and tierees Of lard, were rather
reserved IN their offerings, preferrjng to
sell in lots of 200, and only then at full
prices. The receipts of hogs, while very
fair in number are not improving in
| quality. Trading was mainly in the
February delivery, and the advances
established were about zoe on
| pork, sc on lard and Sc
III short ribs. The heavy spectators
and packers are evidently very desirous
| that things should go along quietly until
after January 1, but the speculative crowd
may set the boom raging despite their
efforts. rs Mr.. Armour frequently seys,
with move of his hand. "Its in the air,
it's in the air, and who can measure it.''
Oats sympathized with corn and closed
on the curb and call strong and quite bull
llsh. May oats are quoteble at 39c bid.
Curb quotations tonight are bid as fol-
lows: January wheat 1890; May $Lt71s;
January corn Gle; May 62I@623sc; Feb
ruary pork $14. so; February lard So 10.
There is Il continued depression in the
-four market. The better family and bolt
ing grades are held firmly, but the low and
fair has to be sold, if at all. in forced
sales. Shippers and exporters made some
bids to-day, but their views were below
those of tae dealers. The large amounts
of -four which are passing through the city
are attracting some attention, and the be-
lief IS general that there is some rate cut
ting. There were over $4,000 barrels to-
dey and over 10000 yesterday. At this
rate the stock of wheat in MINNEAPOLIS is
being reduced something like 10000
bushels per day.
The board of trade voted to-day TO ad-
journ from Saturday al 1 p. N. until We'd
nesday at $50 q. n. Tho call board will
doubtless take similar action tomorrow.
Among the visitors OF change to-day
was Ar. G. B. Kirkbride, of Minneapolis.
He has been to Duluth and came down
over the Wisconsin Central. lie reports
Duluth full of wheat
At the stock yards, despite the down TO
zero weather, the receipts of live stock
continue large. To-day there were 1000
sheep, $1,000 hogs and 5000 cattle. Re-
ceipts, especially of so-cailed fat
catlie-that is from 1900 to 1900
pounds steers good style we'll
bred and handsome but neither finished
nor feshY, seem to be on the increase,
fling in from every chute during the fore
noon. For these the demand seems to
have suddenly ceased. The dressed besf
operators are unable to absorb these IN
looked for receipts, and the shippers csn
find no place for them at q price that is at
all satisfactory to the shipper. Trade in
this class during the morning was almost
at stand still. At noon the so-called fat
cattle were fully 25@30c lower than last
week, and the chances are that before the
present receipts are worked off they will
sell yet lower. The export demand is linn
tied and uncertain. Only one regular
sale to day. Prices on this class are not
as weak as on the other so-called fat cat
tie. There is good steady demand for
butchers stock and fair demand for
stockers, the receipts of which
are rather light the pas three
days. A few Texas cattle were among the
receipts and a few for the far west were
not sold.
The hog market opened slow and weak,
with few sales early at about the same
as yesterday morning, which was fully
loo better than at the close last night
These early sales were made under the
feeling that the fresh arrivals would bare
ly reach 25,00O but latter when it
was definitely known that
with the 1900 left over
the supply would equal nearly
$4,000, buyers were not as anxious aud the
limited demand Of the morning dwindled
| away. and tonight the market closed full
5@10c lower than 1t closed last night.
A dispatch from Indianapolis says: Ken
gan & CO., pork packers, discharged 100
hands to-day, because of the high price of
hogs, making packing unproftabIe.
FINANCE.
The rates for money remain at 6@7 per
cent, the inei1e on demand and the out
side on time. The demand was good and
of miscellaneous character, the principal
applicants being board of trade men and
packers. Eastern exchange between city
banks was quiet at 25 per cent discount
per $1,000. The clearings of the associat-
ed banks we're $7,353, 900, against $685.
600 yesterday.
NEW YORK.