St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-02-20
THE DAYS MARKETS.
Provision Market Excited With
a Continuation of Mondays
Weakness.
Pork Closed Lower on Trades Which
We're Wholly Between Local
Spectators.
Wheat Went Up Under Bullish Reports, but
Settled in Sympathy with Provisions
Corn Moderately Active.
A Weak Opening in Wall Street, But
Strong Close on Everything Except
Ex-Villards.
CHICAGO.
Especial Telegram to the Globe. !

liable statistics in regard to the visible supply
which shall at least approximate to correct
ness. The following are the figures which
ing to compare them with the fiuctuating and
unreliable so-called ''visible supply reports
sent out from New York:
Chicago elevators, as per official returns,
contain II, 761 ,937 bushels of wheat, $685.
l69 bushels of corn, 1885, 022 bushels of
oats, 1,757, ,S09 bushels of rye, and 26O, 1874
bushels of barley, making grand total of
22, 034, 131 bushels, against 81, ,6O1, ,299 bush
els year ago, and IL, ZOO, 229 bushels at this
period last week. Vessels in the harbor are
laden with 81 200 bushels of wheat, TAI 1860
bushels of corn and 101 ,765
bushels of oats. The total
amount of grain in store and af1oat here
is 22,96S, 456 bushels, against 22,4S1, ,946
bushels week ago Milwaukee warehouses
are stored with 2,99S,3 bushels of wheat,
IS, 397 bushels of corn, 2,506 bushels of oats,
%, 800 bushels of rye and 634, 454 bushels of
barley. New York and Brooklyn warehouses
are stored with 4,S31, ,359 bushels of wheat,
l 1,S45, 034 bushels of corn, 2,2s6, $40 bushels
of oats, III ,448 bushels of rye and 321 ZOO
bushels of barley.
The following figures complied by Chas
Randolph, secretary of the board of trade,
show the amount of grain in sight in this
country. including stocks in store, afloat and
in transit on the 18th inst; wheat, 34,212,-
253 bushels; corn, 13, 112, 3O7 bushels; oats,
4,7S2sS37 bushels; rye, 2,3O2, ,223 bush
els; barley, 2,145,315 bushels, Min
neapolis is added to the points
heretofore included. The stock of wheat at
that point is 2,620,0 900 bushels. Taking this
out of the list the figures show reduction in
wheat during the week of about $50, 900
bushels. Comparison will hereafter be
made in this correspondence, with the re-
ports Of the secretary of the board of trade of
Chicago, instead of New York reports.
The flour market was quiet and trading
particularly light for the day, with home buy
ers picking up limited quantity daily but
for shipping stock, little was doing, and ex-
porters have no buying orders. The finer
winters and the better Minnesota springs
were quite firmly held and above previous
quotations, but otherwise no change was
noticeable. Rye flour dull Buckwheat -four
slow, at from $3.50 for choice to not wanted
at all when poor. Bran and all millstuffs
slow.
At the stock yards th receipts of cattle were
about the same for the day and for the week
as for the corresponding period last week
The demand for shipping cattle was slow, and
prices were slow and a shade lower. The
advance of last Saturday on shipping and
dressed beef cattle was entirely lost yesterday,
and there was no improvement to-day.
There was good demand for all descrip-
tions of butchers stocks and several large
lots sold at the high prices current. The de-
mand for stockers and feeders is only fair,
the high prices, and the absence of the regu-
lar eastern buyers contributing largely to the
dullness, The supply is not heavy. There
were 1000 more hogs received than for the
corresponding day last week, and about
ZOO increase over last week for the CORES
ponding period.
Trade opened dull and prices weak, with
decline of 10@15c. on rough packing and
light hogs. There was less of @ decline on
really choice, and good heavy, and few
early sales of such were made at as high prices
as yesterday, but the late arrivals shared the
decline of common and light. The general
market was dull and depressed from first to
last, with $4,000 the $4,000 on sale, and
sharp decline on. provisions.
One of the weak points about the market
was the report that good many lots of salt
meats bought for European account had been
resold, those for whom they were bought pre-
ferring to take their profits at this end
Milmine, Bodman & Co. say tonight:
Provisions red hot. The clique still free
sellers, and the country also very unsettled
and uncertain market; very dangerous deal
to touch.
Shepard s. Peacock say: The market is If
regular and not a little nervous,
showing indications that inside
operations have shifted part of
their load at any rate and thrown it upon the
outside.''
Crittenden & Harvey say: "Prices are
high enough. to sell with safety but the
market bears signs of manipulation and sell
ing might prove hazardous"
Mccormick, Kennett & Day say: "Packers
and insiders continue to sell heavily, and as
the deal is manipulated they can put the
market up or down at will.'
Robt. Lindblom g. Co. say: "Provisions
opened very weak. The whole country is
long and packers will likely putt low enough
to wipe out all the margins. Those who en-
joy trading in it will have a
chance to play against loaded dice.
We would rather not attempt to get ahead of
that game.'
Wheat was quoted quiet and steady in
Liverpool, with a better tone for spot delive-
ries Advices from Kansas reported cold
weather, and the wheat fields covered with
ice. These advices, with reports Of cold
weather in the northwest and an approaching
storm from that section, caused frmer feel
ing at the opening, and the first sales were
I@3sc over yesterdays close on call, and
Influenced by an active demand from the
shorts, who had sold Unfortunately on
Yesterdays break, and the execution of buy
ing orders from Kansas and
other points, where there was
sleet scare, prices appreciated
M@1c further; No. 2 opened at 1880
s1.005s; May advanced to $1.OOA@X. The
advance checked the demand to fill orders, q
majority of which were at about 81 and when
the shorts were filed the weakness in proyi-
sions increased the disposition to sell wheat,
the offerings including a good many lots
bought late yesterday or early this morning
for scalp. 1t was also reported that the
wave from the north was moving to the
northeast through Canada and a further
break in pork increased the pressure to real
ize, and prices fell to the inside