St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-26

lar, offerings were quite free and the de-
mand was good, especially from shorts. The
market opened stronger and 10@11Ic higher,
but quickly settled back 1Oc. Later strong
feeling prevailed, and prices rallied 25@30c,
but receded 15@20c, closing comp ratively
teady at ST.. 2O@17. 22H for June and 125lc
higher for July
Trading was also active in lard for specu-
lative futures, and prices fuctuated consid-
erably. Offerings were materially larger,
and the inquiry, especially from the ports,
was rather urgent which caused a strong
opening and prices advanced 3003215c per
100 pounds, but later the market ruled cas-
Ter, and prices settled back again 121I015c.
May ranged from $8.5O@8. 721l, and closed
at SS.55@S. so, while June opened at $3.50
and after an advance to S8.771I closed at
$S.621l08.65. July ranged 1Oc above June.
The feeling in short ribs was stronger, and
prices advanced 10@20c early, but receded
again 10015c, and closed steady at SS.45 for
May, S8.47@8.5 80 for June, and $S.55@8.57H
for July.
The market on fat cattle ruled dull and
orally rated 10015c lower on about all
grades of shipping and dress beef stocks,
with indications of still further decline.
Butchers stock remains about the same, eX-
cept perhaps a certain grade Of light steers,
and they are lower. Stockers and feeders
ruled dull, the supply was large and has
gradually accumulated while prices are
+I,o lnct
Prices have ruled so high on this class Of
cattle that many countrymen have returned
without buying.
The hog market again ruled active with an
advance Of 5@10c, packers, shippers and
spectators buying, The down town board
of trade markets were higher, and the gen
eraI feeling was of bullish nature for the
time being.
The sheep market was fairly active and
prices ruled just about steady.
Mccormick, Kennett & Day say: eve
are believers in high prices on the old crops,
and advise buying on any marked decline
Although corn is above the export basis, the
consumptive demand at home is good, and
we believe the quantity to come forward
from the country very limited. A little
break would not surprise us, but we think
well of the long futures on soft spots.''
Crosby &, Co. say: ''We recognize the
rapidity of the present bulge, and it seems
time to call halt, but the trading is i'm
mensc. The preponderance of strength is
on the long side, and the bulls have good
leaders, all of which we think will give it
another spurt.''
Milmine, Bodman 81 Co. say: "Many
large operators are hesitating now, and are
about ready, we think, to attack the market
from the bear side again, and we shall need
good outside support to sustain present
values. The advance has been too rapid, we
fear, to last Shorts are well out of the way,
and we think many weak parties are loaded,
and who will have to dump their stuff on a
very slight decline. We think it begins to
show signs of weakness and looks tOppy. If
the seaboard markets should give way prices
would likely decline quickly, and as they
have gone up, we do not advise purchases
now, and think the safer plan is to sell on
the bulge, There is no material improve
ment in export demand, but the home de-
mand, We think, is increasing all the time,
and at the same time crop reports from the
winter wheat sections are conflicting A
good deal will depend now on how far the
markets abroad will respond to the advance
here.n