Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-01-24

1
pork, but would not buy on this bulge"
Lindbiom says in mis- confidential circu-
lars: wheat opened higher on visible
supply as well as receipts, and SO long as
the shorts were covering the market was
strong,bus when they got filed up the mar
ket sagged down and closed u lower than
yesterday, with very weak undertone to
it. Confidence is again shaken, and the
bulls disgusted. Figures were circulated
showing that in 1879 Liverpool
was si1 pence higher than now
and wheat 83c on 5,750,0OO stock, while
now wheat is goo on 100000 stock.
This is supposed to be bear argument.
Provisions ara very strong and high and
scarce. We quote: May wheat 96Ac;
May corn 58c; May pork $15. 671S; May
lard $915.
Receipts of cattle at the stock yards
we're somewhat heavier shan yesterday, yet
for the week so far there arc about 1000
less then for the same time last week. The
market ruled quiet, with a steady range
of values, the advance of
Monday and Tuesday being we'll
sustained. Common cattle that sold
SO low last week nave entirely rega1ned in
price, selling as high as a
week ago. The market on
fair to choice shipping cattle is fully 25c
higher than last week. Butchers stock
has undergone little or no change, and
stoekers and feeders are about the same as
last week.
Receipts of hogs were about 10000 less
than last week, and nearly 10000 less for
this week so far. The demand was strong
and prices fully SO 10c higher on the gen
eral market, with an extreme advance
of 15c on choice heavy and
choice light. For fancy heavy Sc. so was
paid, the highest price since June last.
Only about 10000 were on sale, and they
were about all sold when this report
closed.
The market for sheep was quiet and
prices steady. with a strong demand for
good sorts. The shipments yesterday
were the largest for many months and in
cluded some LOO thin Texas sheep,
averaging 78 lbs, that sold for So. We
quote: Common natives, So. .25@350;
fair to good, $4@4 so; best, $475@
5.75, and extra So.
Considerable attention is being at
tracted to the action of our
government in regard to the proposed re-
taliatorY legislation against France and
Germany for their prohibition of the i'm
portation of Ell American pork products.
Mr.. Phil D. Armour, head of the house of
P. D. Armour & Co., the largest manu-
facturers of and dealers in hog products in
the world, was interviewed to-day. He
said: 81 am heartily in favor of the pro-
posed retaliatory legislation. 1t is very
necessary. think it will be effectual in
having the prohibition removed, and it is
the only thing that will be effsctual. With
France it might not be
necessary to go so far
as the proposed legislation. The French
man is like the Indian-he wilhscare very
easy-but with the German it is differ emit.
He is not easily moved. You have got to
do more that make threats with him. Bis
marck won't scare for all the threats you
can make worth cent. He is like Gen
eral Grant. You can go and shake your
| fist in his face as much as you want to, and
he won't bulge an inch. You have got to
strike, and to strike hard, before you can
move him. Some such legislation as is
proposed is very necessary for another
| reason. If they are allowed to
prohibit the importation of onr pork
they will not stop there. They will next
be trying on the same thing with wheat
and corn, and our beef and everything
that the country produces. It is tbs farm
or that is most interested in this matter.
The packers are the only middle men to
them, aud are not nearly 30 much affected
as they are, but they are very much. It is
a ~ery serious matter with them when they
are not allowed to seEd their products to
foreign markets.
'From e packers standpoint is retalia-
tory legislation very urgent!"
mo; just as matters are
at present SO far as relieving
the market here is concerned, it does not
matter much. They are all filed up with
pork, and would not be taking from US in
any oase."
To what do you attribute the closing
of some of the packing houses so early in
the season?"
81 don't understand that any of the
packing houses have actually shut down.
| Some of them are running very light ow-
ing to scarcity of hogs. Receipts for
some time have been very light, and their
condition has been very poor. owing to the
poor corn crop last year IN many sections
of the country. There is q
scarcity of corn in many districts, and
farmers generally think they have matters
in their own hands, and are keeping their
hogs back for higher prices"
care stocks on hand very heavy at pres
euk?"
"No; not SO large as is usual at this
season of the year. Owing to good home
consumptive demand, which has been bet
ter than in past years, stocks have not ac-
eumulated to any great extent, and are
| lighter now than usual at this season Of
| the year"
"Has the present season been any less
profitable to packers than the average?"