St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-02-20

figures of the morning, when buying to
ill orders as noted above and
reports of improved export demand at the
seaboard, again rallied quotations to s1.0O11;
but they broke on receipt Of later selling
orders from the outside and closed at S1.00H
@1.0OsS.
Corn was only moderately active, the de-
mand not being large and there were indica-
tons that holders of large lots were trying to
sustain prices. There was little in the situa-
ton to inspire confidence, the reported stocks
here showing considerable increase over
last Tuesday. The inspection was
359 cars, of which 81 were
contract grades, against 45 yesterday.
The buying was chiefly to cover shorts, but
prices advanced &c in response to the i'm
provement in wheat, but later receded and
closed 4@5sc under the highest prices.
On the call there was very lively time:
1,175,Oo0 bushels of May wheat were sold at
sIO05s@1.005s, and !, ,370, 900 bushels May
corn went at 59s6@595sc. During the day
the ''big 4" were large sellers, as were also
the ''silver greys,'' i. e., the Adams Nat.
Jones was said to be the real party in 1,000,-
600 bushels which were put up by Martin 81
Bennett. On curb wheat closed at S1OOs5,
and corn at $3.50
The provision side of the market was full
OF excitement nearly all day. The receipts
OF hogs were trife more liberal and they
were in better condition. Liverpool reports
were less favorable and showed a reduction
of Cd in lard and 10d in bacon. The eastern
markets were easy. The weak feeling of
yesterday was continued to-day and although
there were sales reported at S1S.05 for May
pork the real opening was
s17.9O. Prices dropped to s17.s21S.
revived to $780, then quickly dropped to
s17.777z, advanced to s17.95, declined
tosl7.57, advanced to $3.50, went down to
Sl7.65 and then advanced to S17.7O and
closed quite firm at those figures. The trade
was wholly between local spectators and
the 'big four' made reputed onslaughts
upon the market which were characterized as
which have been witnessed on the board
since old Hutch took Charley Singer in hand
and read him $50, 900 lesson in about five
minutes. A good deal of stuff was thrown
over for parties whose margins were exhausted
and many outsiders and tailers were frozen
out Margins were called heavily, but local
parties responded or at least settled their
trades. The whole idea of the movement
seemed to be: "Raid the market and get rid
of the crowd" 1t was successful in this
wise, and it also developed the fact that
good deal of the stuff was
owned by parties other than
the big packers. Some of them as suggested
in this correspondence were quietly unload
ing and crediting up good profits.
On the curb pork and ribs were steady but
lard went off 211@5c. There was a very
weak spell and May pork closed at $17.eO;
lard at S9.72L and ribs at 1925.
The receipts of sheep were about the same
as last Tuesday, but so far for the week
slight increase over this time last week. For
straight, even lots of fat wethers, either fine
or coarse wooled, the demand continues
strong and prices rule steady Lambs are
also wanted, and to-day sold at higher prices.
Big heavy ewes in suspicious con-
dition are plenty and slow of sale.
Bucks and coarse stock generally are also
slow and the thin common sorts are not
wanted. Let shippers send in good even
lots and good flesh, either coarse or fine
wooled, and they will find a ready sale, but
all common or even fair lots should be
bought this week with caution and judg-
ment, as the run will be heavy and prices
rule lower. Common and mixed ruled
somewhat lower toward the close of the
day,