Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-01-27

the shortage in the num-
Der of hogs packed means
shortage in the number of hams for
the trade-now equal to about 100000
pieces, or about 10000 tierces. This de-
crease makes buyers, in view of the high
prices obtained last year, more persistent
in compelling manufacturers to provide
for their contracts. In a word, manufac-
turers were compelled to buy hogs at high
prices and deliver the product at a loss
The upward movemedt in price, however,
has checked the export movement, and
the returns now show q decrease
of about 100000 pounds in
the aggregate as compared with last years
returns. A marked feature of trade dur
ing the past week has been the free offer
ings of product at interior points, and
large sales have been made for both
present and future delivery. The ship
ping demand has shown some improve
ment, but is not active. The stocks here
are gradually eniargiDg, and are still con-
slderably in excess Of those in lard one
year ago. The receipts from the interior
were moderate, and the ship
ments only fair. The foreign
demand for hog products was compare
lively tighter during the week jest closed.
few orders were received for bacon,
mainly lighter averages, but trading was
limited, as all descriptions were held
above the views of buyers. For lard there
was some demand, bnt the purchases were
moderate. Stocks abroad are understood
to be quite large, and there is considerable
product being moved in first hands,
chiefly to branch houses and agencies of
manufacturers. Adyices from Liverpool
showed stronger feeling in that market
toward the close, and quotations were ad
vanced Cd on lard and 1s Cd on bacon.
The export movement is moderate
lighter than at this time last year. The
domestic demand for hog product has i'm
proved somewhat during the past week,
yet trading is not particularly active.
Orders were for larger lots and from
wider section of country, indicating that
stocks need replenishing, and that home
supplies are gradually diminishing. The
demand from the south is more active,
and increased orders were received
for mess pork, sides, hams
and shoulders, and also for fair
quantities of green meats for shipment to
ourers in some of the larger markets.
Orders from the Pacific coast markets were
moderate, and mainly for special articles.
The demand from the western mining and
agricultural districts WAS comparatively
small. Orders from Canada were meager,
trade being checked by the upward ten
dency in prices. The demand from mer-
chants IN the markets of the eastern and
| middle states showed some improvement,
and a fair number of orders we're
received for all descriptions. There is
considerable product being forwarded 90
that quarter, which was previously con-
tracted for.
The supply of cattle is about 1000 less
than last week. Trade was dull during
the morning, with decline of SO 10c on
common unfinished, half fat cattle, and
some statesmen fancied canning stock was
cheaper. Fat, decently finished cattle
continued scarce, and are equally as
strong as any day during the week. Just
now there is a spread of at least ST per
100 between fair finished cattle and
the common green sorts. Good butchers
stock and good stockers were
selling as well as at any time. The chances
were that good many droves of the com
| mon ana medium cattle would remain un
sold, as there was was neither shipping
nor dressed beef demand. The general
| market closes rather weak
Estimating to-day's receipts of hogs the
numbers are about 10000 less than last
week. Trade opened dull, and prices de-
| cIined 5@10c all around, and 10 to 15c on
the extremes. There were but few specu-
lators on the market, and the shipping de-
! mand vas limited, owing, it is said, to
scarcity of cars on some of the roads
leading east. The demand from packers
was limited; one or two of the big houses
were not on the market at all, and the
smaller ones buying only just what they
could get along with. Statesmen and
spectators we're anxious to make clear
ance in order to get away and avoid the
expense of carrying overt to Monday; hence
the general desire to sell out and realize,
and hence the general decrease, the mar
ket closing weak.
For the week ended tonight the num-
ber of sheep is about 1000 less
than last week. The best fine
wooled and fat sheep are in strong de-
mand at higher prices, a contract lot aver
aging 106 selling at $5.55 to-day, and an
extra lot averaging 167 selling at $6,12h
yesterday. Common and fair sorts are
plenty, and sell at $3@3.5O. Medium at
$375@45O.
Chicago Financial.