St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-10
CHICAGO.
Especial Telegram to the Globe.l

Especial Telegram to the Globe.
CHICAGO, March S.-The situation on
change to-day presented an aspect somewhat
different from the uninteresting apathy which
has characterized it some weeks past. In
the first place the markets were all stronger,
even than Yesterday. There was more activ-
ity and larger number OF outside orders
than have been received in any one day
since the opening of the dull season. The
early strength and increased activity were
due to reports of damaged crops in several
states, which were accompanied by orders to
buy. When it became known among scalpers
that there was so much buying to fill outside
orders the activity was increased and sus-
tanned by the sudden springing up of wide
spreading desire to cover short sales. The
opening quotation for May wheat was Is in
advance of yesterdays closing figure. Tn
der the influences above mentioned the price
steadily advanced to 9734c. 1t was noticed
that the largest bears were the heavy buyers
and there is little doubt that their purchases
were made to cover short sales. This dispo-
sition on the part of the large shorts was
so pronounced early in the day as
to result in a sudden bulge Of re. 1t is said
that George G. Walker, who is suspected Of
being con siderably short, bought steadily IN
tai May wheat touched 9Y5sc, other short buy
eFs spoken of are Messrs. Singer, Jones and
Ream. When the market had advanced to
its highest point Of the dhy-97slc for May
ttis short buying on the part Of the bears
gave way to an attempt to break it down
again.
In corn the buying was more general than
in wheat, and there were also more longs
selling out Lester, Kirwooa, Geddes and a
number Of small operators were the largest
buyers, while David Bows, Crosby and Lind
bloom were prominent sellers, the latter
selling over a million bushels Of May that
,lad been bought at prices that gave his GUS
.omers handsome profit. Large sales OF
'putsn were made tonight on the curb at q
exc. each way from the closing prices and
although the majority Of operators
regarded the situation as very
strong one there was a rather
uncertain conditions that made hany be-
ieve the advance of to-day would not be
fully maintained Monday. The market
opened stronger and higher, the strength be-
ipg laTgely due to the advance in what free
buying to cover shorts and takings by longs,
whose confidence was increased by diminish
ed receipts for the week, as compared With
the one Immediately preceding, coupled with
reports that next weeks arrivals wiz show
further diminution, and although the early
advance of 1c was nearly lost
ON reports of large arrivals
at st. Louis, the market rsli6d
upon steady buying and closed firm at near
the highest prices of the session. The posi-
ton of the trade was largely strengthened by
the prospective reduction in bound freights,
which will largely increase shipments of low
grades to consuming points. May opened
irregular at 589gc and $500 in different parts
of the crowd, broke on heavy sellingto 5616c,
rallied to 571Sc and finally closed at $500
SIC with a strong tone.
Oats were firm and closed 9S@15e higher.
The demand for May to cover shorts was
active, and sample l5ts on track met good
inquiry from shippers.
Pork was quieter and the fluctuations were
confined to narrower range, but prices
averaged a shade higher, opening 10@12]5e
over the last sales of yesterday. Prices re-
coded 15c on a light demand, and finally
closed 10000 under the highest figures.
Outsiders, as usual, are not disposed to buy,
fearing that they will be caught by those who
have for weeks put prices up and down as
suits their interest.
Trading in lard was on a moderate scale,
and very little interest was shown by any
~ Il o1f
over the last sales on change yesterday.
Short ribs were in fair request. The offer
ings were light, holders not being disposed to
sell and prices closed trihe higher. Other
meats were quiet but were held with more
confidence. Legitimate dealers say that a.
though the present demand for consumption
is light, that the trade is gradually assuming
more healthy position and better prices are
predicted as the season advances.
Packing operations were conducted on
very limited scale during the past week.
Five or six houses were cutting a small num-
Der Of hogs, but none of these firms were do
ing even fair business. The supply of
hogs was small and unsttractive, and there is
no encouragement to slaughter such inferior
animals, especially at the high prices de-
manded. The manufacture at present is
chiefly of hams, shoulders and short ribs,
With very small quantities of light cuts of
pork and fancy foreign cuts of meats. The
feturns of the packing Of Milwaukee during
The past two winter seasons show the folio W
ings hogs packed:
No, Weight.
1898 Observation-Disclosures. $40 2O9
1884. Observation-Disclosures. 265, 467 172
Decrease .......... 2S,042 SO
Returns of the packing of Cincinnati dur
ing the mast two Mintar seasons show the fol-