St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-27

were Fraley, Boynton, Robt. Warren and
Poole, Kent g. Co., Baker and the local crowd
in general; No. 9 cash sold at 52@52% for
gilt edged receipts.
Oats were fairly active for future delivery
and advanced shade at the
opening but closed A@35c lower. Rye
opened firm, with corn at 62%c sold down to
624c May, and closed dull at the decline.
Pork was dull and neglected, trading being
confined to a few scalpers, and Of local
character. Opening at $3.50, May sold at
S17.65, and closed on 'change at S17.70@
S17.72L. Lard received little attention. The
volume of business was small, and
although offerings were light prices receded
10C0121Io, but recovered a portion of the
loss. Opened at S9.40 May, sold at s9.32H
and closed at S9.3219@9. 80. Short ribs
quiet, the offerings light and demand small.
Stocks are very moderate, and were it not
that confidence in other property is totally
deficient prices would go higher. Closing
sales were 21I95c under yesterday on a
basis of S9.32K May.
Receipts of cattle, 430O, making 1000
more than to same time last week. Shippers
and exporters bought sparingly and sales
were at 15@020c reduction from the closing
Saturday. Gamers and butchers stock sold
fairly and the market was steady, but com
mon COWS and bulls were duh and lower.
Light steers S5@5. 40; dressed beef grades
S5.50@5.S0; shipping steers SS.80@6.25;
exported Sc. 25(06. SO; COWS 81. 90@4. 80; bulls
SO. 2504. so. Receipts of hogs 5000, which
shows a falling off of 5000 for the first three
days of the week compared with same. time
last week. Prices lower, but at the decline
pOrkers and shippers purchased fairly the
best grades, but common were dull.
Packing and shipping sold at
So. 10@7.10; assorted light $1,000
6.65; sl1ips and common light $500
600 arrivals of sheep 1,400. Demand i'm
proved and market frmer. Prices a shade
higher. Common sold at S3,5O@4.OO; me
dunn to fair S4.25@5.25; good to choice
So. 5O@5.70.
R. Lindblom & Co. says: "Wheat has
suffered steady decline ali day and sold
&c lower than yesterday. AS usual in such
cases, there were no buyers and all sellers.
Some big lots were taken, apparently
to fill shorts, but the selling was too great for
any one, or any set of men to stop. The
large buyers of the past few days did not
show their hands at all, being apparently I'M
willing to check the natural tendency. Tn
less every sign fails this year, the bottom
cannot be very far off. The danger is that the
weakness may develop apanic. We always do
haVethese panicky spells before we reach
healthy basis but nobody can measure its
duration. Corn has ruled strong all day,
advancing &c above and declining nc be-
low yesterdays close. Receipts were very
small, only lis cars, but the decline was
brought about by the weakness in wheat.
Loadings i'll the country are fair and show
no material decrease. 1t is possible
that shipments go round US instead of com
ing here. Provisions are firm. We don't
know anything about them, but it looks as
though they were held up"
Milmine, Bodman & Co., say: Trading
has been heavy all day, the long wheat still
pressing hard on the market from all quarters
and recent buyers are unloading as
well. We hear but little about
export business to-day. The fact is England
does not seem to want our wheat at any
price. We have offered it to them 10 cents
bushel off since the 10th inst. and they turn
from US scorning the offer, and we are in
doubt whether they would take it if we
knocked another 10 cents off. The weather
is all that can be desired for the growing
crop and reports from all sections are very
satisfactory, and this fact has weakened
the confidence of many country holders. 1t
will cost thousands to get the market down
once more to normal and healthy condition,
but we think it is settling now for that point,
though when we shall reach bottom with a
healthy legitimate demand for our surplus we
dare not guess at present. Some say
zoe in June, others soc and some S5c,
and it will not take many days
at least to strike medium figure
on above guesses, and we think the chances
would now seem to favor soc as possible
figure for May wheat and probably sooner
than many expect. But at the same time We
are not likely to sail right straight down to
bottom and no doubt reactions in the mean
time are quite probably. We think receipts of
corn win run light for a while. Values must
sympathiZe to some extent with wheat but
corn has not lost all its friends as wheat has,
and we think when the bottom comes that it
will be good purchase