St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-17
Outside of Trading of This Char
acter the Market Without
Noteworthy Feature.
Wheat Fluctuates Slightly and Close
the Day at Exactly the Figures
of Friday.
Hamill & Brine's Weekly Review cf the Situa.
tiOn-ArmOur Puts Pork up Another
Half Dollar.
A Sharp Advance in Union Pacific and
Missouri, Kansas s. Texas-Missouri
Pacific Down.
CHICAGO.
Especial Telegram to the Globe

Especial Telegram to the Globe
CHICAGO, Aug 16.-As is usual on Satur-
days the market was an evening up day. 1t
was the main desire on the part of most
operators to get out of carrying their loads
over Sunday, without much regard to which
side Of the market they were on. AS re-
suit the days business was light and no very
determined efforts were made to either bear
or bull the market. The general situation
remains heavy, with large receipts, and the
other bear factors, which have become so
regular that they cease to exert much infu-
ence, being expected as a matter of course
and regarded as merely showing the normal
condition of the markets. October wheat
closed exactly where it closed yesterday and
exactly where it opened to-day, at 904c.
The same option in corn remains unchanged
from yesterdays. There were a number Of
active bulls in the pit until noon, when they
retired and gave the bears a chance. Sep
tember wheat and corn both lost an &c, the
former closing at 7835c and the latter at
5O9Ic. Oats for that month did the same,
closing at 2435c. II the provision pit Ar
mour put August pork up soc, to S27 Sep
tember lard closed unchanged at $3.50, and
ribs fell off sc to S10.45 for that month.
The winter wheat market is but little better
then nominal. Sales of few cars were re-
ported at S3c for No. 2 red in certain elevat-
ors to complete vessel loads, and then Of
car at SIC, and finally at Sic, at which the
market closed for cash and August. TIE
speculative market opened about steady at
Nc over last evenings close. Outside in
tluences were very heavy and might have
brought about decline. But there were
number of shorts in the pit, whose purchases
to cover sales of the day before sustained
and strengthened the market. There was an
early advance of &c, but when the demand
slackened off about noon there was a reaction
of %@Xc, the market ruling quite weak.
Towards the close there was rumOrs Of for
eign complications which caused a recovery
of $5cQDIc, the market closing at 1890 for
September and 8014c for October. Trading
was light all through, although the volume
of outside business has increased materially
during the last fortnight, coming principally
from the seaboard cities.
Considerable activity again prevailed in
the corn market and the opening was strong
Bliss, Henry Parker, George Brown and
Canther early commenced a series of bulling
attacks and succeeded in forcing the market
up &c, but later there was an irregular set
Ting back to about opening prices, partially
caused by the hammering of Parker and
Lester. At the decline w. w. Catlin and
j. j. Bryant started 1t up again by liberal
purchases, and the close was about steady at
decline for the day of sc on September,
which closed at 5O1; October 49c.
The speculative market for oats showed
but little life, still there was a slight improve
ment over yesterdays close, though it was
not well sustained to the close. which was at
24%c for September.
Provisions were quite active speculatively
though the feeling was somewhat unsettled
and prices irregular Lard attracted the
most attention and trading was larger than
for some days past. Prices were advanced
5Gol0c early, but later weaker feeling set
in and there was loss of 15020c, which was
partially recovered towards the close, which
was at $3.50 for September, the same rs yes
terday, and at IS for October, a loss of 21Sc.
Short ribs were dull but steady, and aver
aged 1001l5c lower but recovered towards
the close, when they were but &c below the
last sales of yesterday, September closing at
$1045 and October at S1O.25.
Said prominent operator, speaking about
the deals in provisions: september short
ribs are about $40 and August pork S27. This
is about all there is to talk of concerning
speculation in psoduce. Ribs have gone
from S6.75 to $10.50 in less than forty
five days, an advance of S2.15.
and now all the little spectators who
were pooh-poohing the ability of Jack
Cudahy to carry out his rib corner, are GO
Ing to the other extreme, and declare that
ribs are going to S15, and pork to $50. The
market naturally feels curious to know who
II is that is on short ribs and pork; certainly
no ordinary trader, for no ordinary trader
could afford to put up 4c per pound on ribs,
aud anything from s. TO So barrel margin
On pork. If man has been short ESQ bar
rels Of pork, and this is the smallest specu-
lative lot, like 100 shares of stock, he has lost
within the week S150on ii within the month, il
be has been short that length of time, ST. $50,
within 90 days, oh, something like 81, 500.
The smallest speculative stock in ribs is So
600 lbs. The advance in these within the
week has been 1l4c, or $3.50. On 1000, 900
lbs, an ordinary sized lot for big produce
trader to buy or sell in a day, the loss for the
week would be $3.50"
The cattle market opened exceedingly
quiet and remained in that condition
throughout the forenoon. The receipts were
exceptionally large for Saturday, and there
Is prospect of large arrivals for next week
The offerings of good to prime native steers
we're not very numerous and the few of that
sort were taken by shippers and dressed beef
men at pretty full figures, but all low and
medium grade natives were weak aud irreg-
ularly off from 10000 and very hard to sell
ut that. The only description Of common
cattle for which it was possible to get Fri
days prices was stockers, They continued
scarce and were taken at stiff rates, or at
lS.25G+.25 for poor to good thrifty lots. For
choice lots $3.50 would have been paid
Traders also continue In good request with
few desirable lots offered. The range on
these is about $4.256e475. Cows are all the
wsy from Sa92. 80 for scrubs to SAGA. 25 for
good fatones.
Hogs-The several classes Of buyers were
in the yards early and got right to work. The
competition was of the sharpest and prices
we're at once advanced 109I5c. The hogs
were taken as fast as they could be weighed,
and by 10 o'clock only few scattering lots
remained unsold 4he advance extended to
all grades. Sales were at S5.S0@6.65 for in
ferior TO extra light weights, and s5.9096. IS
for pure mixed to choice heavy. Most Of the