St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-15
NOT A HAPPY ONE.
Is the Lot of Brokers and
Commission Men About
These Days.
Outsiders Hold Alo0f From Spec
ulatiOn in Either Produce
or Stocks.
And the Unlucky Brokers Have Moth
ing Else to do but to Skin
Each Other.
No Important Change in any of the Markets
or in Prospects of Future
Prices.
The Produce Pits Show a Resume of
Strength. but From Wall Street There
are Dismal Predictions.
CHICAGO.
Especial Telegram to the Globe.l

this wheat and corn were stronger early, but
trading was so moderate that the strength
was not sustained. kilograms from st. Louis
said the receipts of winter wheat there ex-
ceeded 100, 600 bushels, and the local receipts
were fair, so these influences helped the
weakness, and there was not even demand
from the shorts to help matters, they having
pretty well covered their deals last week.
Outside orders were also scarce, and the
trading was chiefly among local scalpers. In
spite of all this scalper who is himself an
inveterate bear said:
''The feeling is little bulish this morn
ing"
''What ON he was asked.
''Hope,n he replied, ''that springs eternal
In the human breast. It don't take much
you know to encourage bull.''
In the provision pit there was little more
doing though the aggregate business for the
day was not very large. The weakness in
the hog market accompanied by a reduction
of 10015c for 100 lbs caused weakening
feeling early in the day and lower prices
were accepted for some of the leading
products but later little more strength was re-
allied and prices rallied againg, though the i'm
provement was not fully sustain ed to the close
The shipping demand was moderate and con-
fined to small orders. Foreign advices ex-
hibited no material change and re-
ports from eastern markets indicated a
quiet feeling in that quarter. Speculative
trading was confined almost exclusively to
lard and short ribs.
Wheat was traded in very lightly, opera
lions being mostly on local account-very
lew outside orders being received-and the
market was quiet and weaker. Foreign adj
vices quoted wheat steady and shade better
Tor cargoes off coast, with weather in Eng
and unsettled. Shipments continue fair
and considerably in excess of arrivals
. Exports from New York were also
quite large The market opened steady
and firm with an avance of re on August
and &c on September but under increased
offerings, influenced somewhat by the weak
ness in corn, prices declined lie for August
and about &c for September, fuctuated
slightly and finally closed 35c lower for both
months, or at sage August and $500 Sep
TENDER On the afternoon board wheat was
somewhat stronger; August closed at SO and
September at sac.
In the corn market an easier feeling was
developed and prices averaged lower. Trad
ing was of a more limited character and
largely on local account. The receipts were
larger, shipments fair and a little
more disposition to realize was shown. The
market opened at about Saturdays closing
figures or at SIC for August, sold up to 81 Il c,
but soon became weaker under increased of
ferings and declined to Size, sold at 515sc,
ruled steady for a while and then sold down
to 81 ~ and finally closed at 51%c bid.
September closed at 514c bid. On the
afternoon board August closed ut size, and
September 81 &c.
Oats were dull. speculative orders light and
prices shade weaker.
Trading in pork was exceedingly limited
aud prices steadier, offerings were small and
the demand light, with transactions chiefly
settlement. August sold in settlement at
S23 90, gain of soc, and September at
Splits.
Lard was traded In moderately but the
feeling was unsettled and prices irregular
within small range. Trading was chiefly
In contracts for August aud September de-
livery. Prices were weak early and gradually
reeeded 10@l216e, but rallied again 7iS(01Oc,
and closed comparatively steady at s7.15
August aud 81 80 September.
Short ribs were fairly active and prices
ruled somewhat irregular. The market open
ed rather weak and prices ruled 15G20c
lower, but rallied 10@15c, though the appre-
citation was not fully sustained and closed
at $40 August and $3.50 September
Fat solid, corn fed, native cattle were
scarce and one or two fancy lots made ex
IRENE prices. Grass cattle carrying any fat
at all made good prices, but unfinished and
half fat cattle were hard to SELL Native
butchers stock was slow of sale at very low
! prices. Texans were plenty and conse-
quently cheap; common Gamers sold at low
prices, but the best and especially the lots
that would suit the city butcher trade made
fair prices. The supply of stockers was
light, and little or no business was trans
acted
There was probably about "a. 600 hogs on
the market, including those left over on
Saturday far too great a number for the
commission men to handle successfully. The
market generally was slow and prices fuIly
Zoe lower than on Saturday. Packers were
not buying unless they could get all they
asked Tor in the way of shrnkage. There
were only few commission men, who are
outside Of the exchange, who had property tc
sell in that way, hence business with the
packers was limited. There was . fair ship
Ping demand aud fair demand for assorted
light, 50 that in one way and another a good
many were selling, yet trade was slow and
unsatisfactory.
J. ". Rumsey & Co. say: AT preseu;
our market is hfeless-no one appearing in
elined 10 buy, and at the same time prices
are too low to warrant their taking the shor;
side"
Mccormick, Kennett s Day say: ''Re-
ports from the country indicate ! much
larger yield than anticipated. and it looks as
though We would harvest crop of over i've
hundred millions, the quality being very fine.
crop prospects in Europe are unusually good
aud We look FOR S low range OF prices unless
speculation becomes very active.
Il viii always be safe to buy
wheat for loug pull about
s5c, but we don't think il win sell above 81
this year. There is a good shipping and ex-
port demand aud stocks are being rapidly
reduced. but the new crop ought to move
freely now aud we wish to see tie effect OF
large receipts before advising cur friends e