St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-01
The Provision Market Simply Para
lyzed by the Big H. Pork
Easy at a Decline.
Wheat Dull, but With Firmer Feeling Pre-
yailing--Cattle in Better Demand
Sheep Fairly Active.
An Improvement and Gain in Strength in
Wall Street, with the Bulls Ahead.
CHICAGO.
Especial Telegram to the Globe. |

fined within the following limits Wheat &c;
corn &C. pork 81 15c; lard 10c, and ribs Z 15c.
This was owing somewhat to its being the
e osing day of the month and Friday, some
what to the continued cold weather, but
more to the discrimination of both sides of
the market to increase thGir lines while
everything and everybody is in such
a pivotal state. The operations of the ''big
four have completely paraIyzed the provision
market, and their baleful influence has flowed
over into other pits. They are now operating
singly, or sometimes training in pairs, and
hence local spectators are but little affected
by their movements, but the outside world
does not know this. and hence is chary of
Tisking any venture against ''loaded dice or
manipulated DEALS" as the cooperative
movements Of Nat Jones, n. p Ream, Char
ley Singer and Jack Cudahy have been un-
kindly characterized by some of their com
petitors.
Wheat was dull and at times the pit was
almost deserted, but the cold weather and re-
ports that the winter wheat fields in Kansas
and Northern Missouri were bare of snow,
and the ''plart' likely to sustain severe dam
age from freezing caused firm feeling at
the opening. A few buying orders also came
from those sections, the feeling Of which in
connection with covering by the shorts, who
were rendered uneasy by the low tempera-
ture, enabled sellers to secure an advance of
39@%c per bushel over yesterdays last sales
and the advantage was sustained at the close
OF the morning session. But aside from the
frost scare, as above stated, and statements
W
its equivalent in -four were equal
to 165, 900 bushels of the former,
the influences were adverse to an advance,
Liverpool and London markets being quoted
weak and dull. Advces from southern and
central portions of the states of Indiana,
Kentucky and Iowa represented the plant
well protected by snow, and there was little
disposition to take large lines by the class of
operators whose presence as buyers has
tender to increase confidence in values.
No. Gpened at 9735c; May sold at 97S@Q9S
on spot, closing firm on change at 97&00M.
The feature of dealings was the increased
percentage of June business.
An unusual quiet peryaded the corn pit
but prices were steady. What little specula-
tive business was transacted was almost en-
tirely on local account but few outside orders
being received. Receipts were little smaller
and "a per cent. suspected contract. Ship
pers bought moderately OF lower grades. For
efgn advice were unfavorable. Prices
varied bnt slightly and closed
about same as closing figures
on Change yesterday. No. 2 was in higher
request and car lots, dated February 26, and
since sold at 53%G0534c. closed at about
$3.50. Receipts dated February 16 to 25,
inclusive, were quotably &c less-this being
the difference in storage to carry into May.
Winter storage is quotably 114c less than
those dated Goth and since. High mixed
was quiet, and sold at 535sc for gilt edge re-
ceipts. Rejected was quiet at 4215c; new
mixed at 49c, and new high mixed 504c
Sample corn is in good shipping request and
the market is steady for nc grade and reject
ed, while new mixed was easy. There was
less real poor corn among arrivals. No grade
sold at 35G93j15c for common to very choice:
mainly at 42@43c; rejected sold at 44%@
1870; largely at 45115@D47c; new mixed sold
chiefly at 49c, with few cars at soc. New
high mixed at sic. Ear corn was dull and
mostly poor corn, which is very dull-a few
cars sold at 41c. On the board there was
some spasmodc selling by Field, Lindley &
Co and Geddes. 'Deacon' Hobbs put out
few blocks which were popularity supposed
to be for the account of Comstock Only
3O5, 900 bushels were traded on call.
There was a moderate business transacted
in the market for hog products, but largely of
aspeculatiye character and in more deferred
deliveries, Operators appear to be trans
ferring their contracts ahead as much as pos
sible. The feeling was somewhat unsettled
and prices ruled irregular and lower in all
eading descriptions. Offerings were not very
large and the demand was fairly active
especially from local shorts. The shipping
demand continues limited and generally
small quantities were called for. The re-
ceipts of hogs were not very large
and the market was weak and
prices were 10000 lower, which had an in
tluence on the course of the market for the
product. Foreign advices were unfavorable
and Liverpool quotations were reduced Cd on
lard and Is on bacon. Eastern markets were
easier in general way.
Receipts of the product were light asd ship |
ments moderate, trading fairly active in
the market for mess pork early in the day, |
but ruled rather quiet during the latter part |
of the session. The market |
opened rather easy at 15@2Oc decline, |
butunderthe influence of a good demand from
the shorts, prices advanced 25030c. Later
an easier feeling prevailed and prices settled |
back 5@10c and ruled steady to the close.
Shipping inquiry was light and cash lots were
quotable at $17.75017.SO.
Lard and short ribs followed pork, althoupb
the demand was limited to covering contracts |
for future delivery. There was marked in
crease in the attention paid to June. The |
settlement price for overplus lard deliverable
on March contracts, has been fixed at S9. .4215. |
On curb there was tendency toward better |
telling, and closings were: May wheat 975c:
corn, 57Isc; pork, $500; lard, 97O; ribs,
$9.32.
A. NJ. Wright & Co. say: ''Markets on
'change are destitute of new features calcu- |
lated to largely influence prices in either di-
rection, and the volume of business trans
acted was about the smallest of any day this |
month Trading was also largely between |
local operators, and so far as it regards PRO-
visions it is generally conceded that business |
in speculative articles for future delivery has |
been killed by the manipuialors of the big
four which as stated Yesterday, have dis
gusted legitimate dealers and induced them
to keep out OF the deal until prices are based
more nearly on commercial principles than
they have been during the past two months''
Robert Lindblom s. Co. say: eve are
IN ha oir r. II