St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-28

the improved price. Offerings Oh pork were
fair, with a not very urgent demand, and
trading was chiefly for more delivery. The
market opened easier, and prices were 3 90
10c lower. A rally of 80 "a 35c followed,
and the prices settling back 5 @ nc, and
closed steady at s17.15 "a s17.17I for May,
zoe higher for June, and 37I higher for
July.
A fair business was reported in the lard
market and a steadier feeling prevailed. Of
ferings were moderate and the demand fairly
active. Prices ruled somewhat irregular
within the range of 10 a 12Nc, and closed
comparatively steady at outside figures.
Shipping inquiry was comparatively light.
Trading in short ribs was limited, and
there was 10 particular change to note in
prices.
The cattle market was dull and prices
weak, closing at least 25c per 100 pounds
lower on all sorts except the best butchers
and fancy exporters. With the fresh re-
ceipts there were at least 1000 on sale,
mostly fair to good fat cattle, too many for
the wants of buyers. Armour and Swift
had about forty loads from Kansas City.
Old and common COWS sold the lowest for a
fortnight past.
The hog market opened actively, and
prices ruled a shade firmer, but toward the
close the demand eased off and the market
closed rather weaker. On an average there
was little or no change in values. A load or
SO here and there made more money, but
there was no substantial advance and no
real decline. There was a fair local demand
for sheep, but no receipts of good quality.
Consequently the warket was very dull.
Crosby & &c. say: "Wheat still possesses
all the elements of strength, and the temper
of speculation is still bullish. The market
accepts large realizations on every cent of
advance, but it seems to have q concentrated
support that keeps it moving upward. Bulls
who have sold out have been hoping for a re-
action for several days past, but it does not
come, andthcre are no visible signs, even at
this advance, that it is near at hand"
W. II. Minor q Co. says: "We have had
a steady advance now Of about 15c in wheat
but this does not seem to be inducement
enough for longs to sell out, but rather they
are gradually accumulating. We still con-
slider the course of the market upward and
safe to purchase on breaks. While the adj
vance in corn has been sharp, we see moth
ing to break its back but temporarily a. long,
may realize and think as we do of wheat that
it is safe to purchase on good breaks"
Milmine, Bodman 81 Co. say: ''The mar
kets seem all to have gone wild now, and all
predictions as to the future are the merest
guess work. About all that can be said
about the present situation is that the large
traders are all operating from the long side
and have no trouble to control values. We
regard it as a very dangerous market to han
die either way and think the only safe course
in the present temper of the speculative ele-
ment is to buy it on all weak spots and avoid
selling short under any circumstances The
visible supply will no doubt show a more
rapid decrease from this time on, and we ex-
pect to see foreign markets follow the adj
vance on this side and
heS2 along the boom. Crop
reports are not at all encouraging, especially
from many sections Of the winter wheat re-
gion, and if the export demand should i'm
prove, which w think probable, this wheat
could easily be forced back to 81. There is
ell the time plenty of shortage to help along
a boom, and money was never so plenty and
cheap as now. We have counted all along
that the shortage in corn was very large,
and we think prices are likely to go higher
than we have yet seen them on this crop,
for we believe the shortage is sufficient on
which to build such an ADVANCED