St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-01
The Provision Market Simply Para
lyzed by the Big Il Pork
Easy at a Decline.
Wheat Dull, but With Firmer Feeling Pre-
yailing---CattIe in Better Demand
Sheep Fairly Active.
CHICAGO.
rSneciol Telegram TO the Globe.


torn &c; pork 81 l5c; lard 10c, and ribs Z &c.
This was owing somewhat to its being the
{ osing day of the month and Friday, some
what to the continued cold weather, but
more TO the discrimination Of both sides of
the market to increase THAR lines while
everything and everybody is in such
pivotal state The operations Of the 'bg
four have completely paralyzed the provision
market, and their balcful influence has flowed
over into other pits. They are now operating
singIy, or sometimes training in pairs, and
hence local spectators are but little affected
by their movements, but the outside world
does not know this. and hence is chary of
rislng any venture against E'loadcd dice or
manipulated deals" the cooperative
movements of Nat Jones, n. P. Ream, Char
ley Singer and Jack Cudahy have been I'M
kindly characterized by some of their com
pctitors.
Wheat was dull and at times the pit was
almost deserted, but the cold weather and re
ports that the winter wheat fields in Kansas
and Northern Missouri were bare of snow,
and the ''part" likely TO sustain severe dam
age from freezing, caused firm feeling at
from those sections, the feeling Of which in
connection with covering by the shorts, who
were rendered uneasy by the low tempera-
tUre, enabled sellers to secure an advance of
39@35c per bushel over Yesterdays last sales
and the advantage was sustained at the close
OF the morning session But aside from the
frost scare as above stated, and statements
ments that New York exports Of wheat and
its equivalent in -four were equal
to 1G500O bushels of the former
the influences were adverse to an advance,
Liverpool and London markets being quoted
weak and dull. Advices from southern and
central portions of the states of Indiana,
Kentucky and Iowa represented the plant
well protected by snow, and there was little
disposition to take large lines by the class of
operators whose presence as buyers has
tender to increase confidence in values.
No. 2 ugened at 9135c; May sold at 97Y(l98
ON spot, closing firm on change at 972lG9%.
The feature of dealings was the increased
percentage Of June business.
An unusual quiet pervaded the corn pit
but prices were steady. What little specula-
tive business was transacted was almost en-
tirely on local account but few outside orders
being received. Receipts were little smaller
and "a per cent. suspected contract. Ship
pers bought moderately OF owcrgrades. For
oign advice were unfayorable. Prices
varied bnt slightly and closed
about same as closing figures
on change yesterday. No. 2 was in higher
request, and car lots, dated February 26, and
since sold nt Ep5/L,$23/r ol,n
$500. Receipts dated February Is to %,
inclusive, were quotaby 15c less-this being
the difference in storage to carry into May.
Winter storage is quotably 114c less than
those dated Goth and since. High mixed
was quiet, and sold al. 53Isc for gilt edge re
cepts Rejected was quiet at 4215c; new
mixed at 49c, and new high mixed Sole
Sample corn is in good shipping request and
the market is steady for no grade and reject
ed, while new mixed was easy. There was
less real poor corn among arrivals. No grade
sold at 35@3519c for common to very choice;
mainly at 42t@43c; rejected sold at 1870
4815c; largely at 4555(041c; new mixed sold
chiefly at 49c, with Il few cars at soc. New
high mixed at sic. Ear corn was dull and
mostly poor corn, which is very dull-a few
cars sold at 41c. On the board there was
some spasmodic selling by Field, Lindley ~
Co. and Geddes. 'Deacon' Hobbs put out
few blocks which were popularity supposed
to be for the account Of Comstock. Oniy
3O5, 900 bushels were traded on call
There was q moderate business transacted
in the market for hog products but largely of
speculative character and in more deferred
deliveries, Operators appear to be trans
ferring their contracts ahead as much as pos
sible. The feeling was somewhat unsettled
and prices ruled irregular and lower in all
eading descriptions. Offerings were not very
large and the demand was fairly active
especially from local shorts. The shipping
demand continues limited and generally
small quantities were called for. The re-
ceipts of hogs were not very large
and the market was weak and
prices were 10000 lower, which had an in
fuence on the course of the market for the
product. Foreign advices were unfavorable
and Liverpool quotations were reduced Cd on
lard and Is on bacon. Eastern markets were
easier in a general way.
Receipts OF the product were light asd ship
ments moderate, trading fairly active in
the market for mess pork early in the day,
but ruled rather quiet during the latter part
OIL the session. The market
opened rather easy at 15@2Oc decline,
butunderthe influence of a good demand from
the shorts, prices advanced 25@3Oc. Later
an easier feeling prevailed and prices settled
back 5@10c and ruled steady to the close.
Shipping inquiry was light and cash lots were
quotable at $17.75@17.8O.
Lard and short ribs followed pork. althouoh
the demand was limited to covering contracts
for future delivery. There was marked in
crease in the attention paid to June The
settlement price for overplus lard deliverable
on March contracts, has been fixed at IS. 4215.
On curb there was tendency toward a better
telling, and closings were May wheat 975lc:
corn, 575sc; pork, $500; lard, 1910; ribs,
1892.
A. M. Wright & Co. say: F'Markets on
'change are destitute of new features calcu
lated to largely influence prices in either di-
rection, and the volume of business trans
acted was about the smallest of any day this
month Trading was also largely between
local operators and so far as it regards pro-
visions it is generally conceded that business
in speculative articles for future delivery has
been killed by the naniwi#lors of the big
four, which. as stated Yesterday, have dis
gusted legitimate dealers and induced them
to keep out of the deal until prices are based
more nearly on commercial principles than
they have been during the past two months.''
Robert Lindblom & Co. say: eve are
disposed to be passive il our views as to the