St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-05-02

on 'change yesterday. Buying at the open
ing was largely to fill orders from the west,
influenced by bad weather, with local buying
soon following. July closed at 5519c on
'change, dropped 95c on the call and recov-
cred 1sc on the curb.
Oats were fairly active on speculative ac-
count. There were large deliveries, and
considerable was done in the way of chang
ing. May contracts to June at 135 q Ike
premium. The market opened firm on ac-
count of other markets being better. There
was and early advance of 4 q 15c over yes
tesday's closing, but the market subsequently,
declined to yesterdays closing for May, Sc
below it for June and $3.50 for July. The
last sales on the curb for both options were
at 33c.
A liberal business was transacted in the
provision pit, and a steadier feeling prevail
ed, prices being moderately well supported.
The deliveries of the product on. May con-
tracts were quite liberal and readily accepted.
| Foreign advices indicated no particular
| change in that quarter, and eastern markets
were paratively steady. Speculative trad
! ing was fairly active and the interest center
ed in contracts in June and July. The ship
ping demand was moderate and receipts
were light.
The inquiry for pork was only moderately
active and offerings were not large. The
market opened rather easy and prices ruled
about sc lower, but rallied again 30@40c and
ruled with considerable steadiness to the
close, which was at s17.4719 for June. On
the call pork was stronger and advanced 21ac,
but on the curb fell 10c
Considerable interest was manifested in
| lard, and some little excitement was occa-
stoned by the circulation of a report that the
| present supply is less than 900 tierces,
which is unusually light The report will be
posted tomorrow, but already the market
| has advanced from $500 at the opening for
the June option to $3.50 per cwt, where it
! stood firm at the close. 1t is understood
that there are large lines of shorts to be coY-
cred in this article, and if the supply is ac-
| tually as lom as was rumored to-day, pros
poets of considerable advance seem immi-
| nent.
| Short ribs were only moderately active and
the offerings were not large. Prices ruled
steadier and 2(@5e higher. The shipping de-
mand was light.
The cattle market ruled slow and prices
weak from first to last. There was scarcely
| sufficient lbusiness transacted to make
| quotations. Neither the shippers, dressed
beef operators nor buyers of export cattle
seemed to want fat cattle to-day. There
was fair demand for butchers stock and
! prices ruled steady. The demand for stock
ers and breeders continues light and the sup
ply is only moderate.
Trade opened rather slow for hogs, and
prices along at first were rather easier. Later
there was a steadier feeling, the market
with fewer left over.
There was brisk demand for sheep, and
prices were again shade higher.
A. M. Wright & Co. say: $50 far as regards
wheat, we still adhere to our former convic-
tions, that those who buy on soft spots and
stand on their deals have fair assurance of
proft.'
W. II. Minor s. Co. say: ''We consider the
recent decline was but natural after our sharp
advance, and while we may see further weak
places we consider them safe TO buy on, as
we cannon discover any 1eaGureS III Gne SlGua-
ton that looks like bear market"
Milmine, Bodman & Co., say: ''We may
expect this kind of unsuspected flurries in
the market just so long as New York is in
its present manipulated condition. The
general situation, however, we do not think
justifes any material or permanent advance,
but this makes but little difference while the
speculative element of the whole country is
so active and excited. A very nervous and
uncertain market will be in order, and any
one operating in it now must expect to suffer
some disappointments, with a pretty fair
chance of losing money, but we think the
safest plan now is to buy it on breaks, and
the short side we regard as dangerous ex-
cept on very sharp bulges,''
Crosby & Co. say: 'sThe days action and
business demonstrated that the long stuff was
well held, and it was d matter Of surprise
that the early break did not shake it. This
has changed the local feeling to strength,
and the rally was quite punishment to our
local bears. The bulls, who have been play
ing for a break to buy on, are still left, and
only few of them have got their wheat
| back We think the break has again fixed
the market for an advance, and it looks
higher"
InterUieiU aCith 8. III. Wood.