St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-22

on their contracts and carry the matter be-
fore the board of directors. Corn is now
selling within 10c of the price of wheat and
the prospect seems to be remarkably good
for corn to advance to point where it will
sell at premium over wheat. September
opened q lower at e4c, advanced under
manipulation of the bull CLIQUE
and sold at zoe, and after slight reaction
recovered again and closed at that figure
Cash closed with September. October opened
at 6415c, sold at 54c, rallied rapidly under q
demand to cover shorts and sold at 57Ic,
but weakened when the demand was filed
and closed at 5614c on the regular board and
at 569 on the curb. About the only big
seller was McHcnry, who let go home 300,-
600 bushels. The leading buyers outside of
those previously named, were Ball, Dwight
& Gillette, Comstock, Singer, Baker,
Schwartz 81 Dupee and Canther, their pur-
chases running from 100000 to 1000
bushels.
Oats we're frmer, and ranged 5s@1Sc
higher. There was good shipping demand
and the speculative market improved by there
being some demand to cover, and under the
influence of the strength in corn. The
closings were at 251sc for October and 295Sc
for May.
The provision market exhibited more life,
strength and frmness. The movement in
prices was, in fact, all around In favor of
higher range, and in year and January pork,
cash in future lard and October short ribs a
material advance occurred. Business was
frod
manded more than ordinary attention.
Pork was more active than usual
and closed 35c higher for year.
Lard opened at a shade lower prices than
the closing of yesterday, but good demand
subsequently turned prices upward, and the
close of October was at $3.50, Zoe higher,
and November at S7171S, 1219c higher.
Ribs were in good demand and in September
and October considerable excitement pre-
vailed, September going up SOC to $3.50,
October 4Oc to SO.
Hamill & Brine, in their weekly review,
say: During the past week our general
trade has shown some Improvement the
slight advance on wheat in the early part of
the week and the unusual strength and ex-
element in corn during the whole week
having impaired degree Of life and activity
somewhat unexpected. Provisions have also
been quite active, both for consumption
and in a speculative way, values showing
some improvement on the whole list. We
had considerable activity on wheat. fuctua-
tons in values having been frequent within
limited range, better tone to foreign
advices stimulated inquiry early in the week,
and although the improvement noted has
not been maintained, operators seem to be
less disposed to put out extensive lines of
short sales and those vino still consider the
buying side Of the market as being without
merit are by no means as confident as here
tofore that selling for future delivery will
result in profit. We cannot, however, see
anything like what may be called good buy
ing, the trading being yet largely local and
almost altogether confined to speculative
ventures for quick turns. Farmers deliv-
cries have been moderate, the inducement
to market wheat at current values being ex-
tremely light, but this has not as yet led to
such general confidence as to induce large
buying for investment. Foreign advices
have been more favorable. with indications
that at least the decline in the United King
dom and on the continent of Europe had
been checked, the French markets showing
some improvement from the recently pre-
vailing depression.
Corn has been very excited, and for Sep
TENDER delivery has advanced over 15c per
bushels for the week, closing to-day at zoe
per bushel. There has been an urgent de-
mand from short sellers for the contract
grade, and, with comparatively light receipts,
the strong competition has resulted in daily
advancing values. The premium being now
paid for delivery during the current month
over that for October must stimulate deliv-
cries during the next ten days, and 1t is fair
to presume that receipts of No. 2
corn for the latter month will show
some falling Off. However, the deal, as far
as concerns the near options, is one OF great
risk, and we look for very wide and very
frequent fluctuations in the values of these
options for some time to come.
Oats have ruled fairly steady, with a tend
ency to somwhat higher prices, although the
advance noted for the week is small. The
demand has been good on speculative ac-
count, bnt shipments show some falling off.
Reports from interior points indicate that the
crop is only fair one, and we believe the
opinion is granting ground that prices are
safe, and that an advancing tendency is
probable.
About 1000 of the 1850 fresh receipts OF
cattle were westerns and Texans-a far too
large a number for the last day in the week,
especially so when big run is anticipated
for Monday, so the market ruled dull and
prices were at least 15025c lower on the
range stock with a large number unsold at
the close. Range cattle are selling at about
the following: Texans Of $50 TO $50 pounds
at SO. 7564.25; of 900 to 1000 at $40.
Wyomings, Montanas and Nebraskas, S4.25
@5.25; range tailings, including cows and
bulls. 81. 5O@3.75.
Trade was rather unsettled and weak in
the hog market Shipping and packing or
ders were limited, and there was just about
no demand at all for light sorts. The best
heavy, including Philadelphias, sold at 1925
against SO. 80 yesterday, and the best as
sorted light at So. 10 against $500 yesterday,
and at the decline there was little or no de-
mand. Mixed and medium weights sold
more evenly, the decline on such being
barely noticeable. There were large NUM-
Der of light and skips left over.