St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-26

Lindley and Baker. The shipping demand
for low grades was active, and quotations
were fairly supported.
Oats were active in a speculative way, the
''big four being the chiefoperators andbought
and sold heavily. Prices declined 1!@I
at the opening, but recovered 3l@Y aud
closed steady. Samples on track were in fair
request from shippers.
Pork was rather more active in specula-
tive way; opening weak it declined 20c from
the closing sales on 'changc yesterday, sold
down to S1760 for May, but settled and
closed at 17.S5@17.871I. The business,
however, was confined to coast
operations. Lard was weak early and receded
sc per 100 pounds, but rallied and closed
10@121Ic over the lowest sales. The demand
was chiefly speculative and trade moderate.
Short ribs opened weak and few sales of
futures were recorded at decline Of no
1Oc per 100 pounds, but the offerings were
light and the decline was recovered at the
close.
The receipts of hogs were 5000: quality
poor and mostly unfit for packing.
harbor here, with comparisons, were.
1884 1884. 1889.
March % March H. March 81.
Wheat ...12, T36, 900 12.909,0Q0 6,494,GO0
Corn ......... 1862, 900 7,439,000 6,776,0Oo
Oats. ,G52, 900 1,712.O00 l,645,000
Rye .......... 100000 1,741 900 $4,000
Barley. 265,0O0 $4,000 $4,000
The severe decline the past three days has
been hard on the small operators who are
long and many Of them have transferred or
out the bulk of trade. r. NJ. Murphy, who
operates on the open and big board, and
c. j. Scheifer & Co., of the open board were
among the unfortunates. Their loss viii
reach about 50, 900 each and they expect to
resume in few days.
Receipts of cattle $4,000. The rain kept
many buyers away and the market was dull,
there being no export or shipping orders to
speak of and the feeling being weak. Light
steers quotable to sos. 40c. for $50 to 1850
pounds average and $5.5O@G.5 so for 1850 to
1850 pounds; choice fat steers $4,000
G, 80; calves 3(14.75; bulls 3.50@5.0O. Re
eeipts of hogs 5000, against II $50 last
Tuesday; market dull, weak and 5@10c
shippers So. 1507. 10; assorted S6.10@670;
ships S550@6.10. Receipts of sheep 1000;
inquiring light and feeling very weak, buy
ers holding off for better weather. Common
S4 5O@5.5O s5@5.5O for good natives, and
S505.65 for good westerns.
K. Lindblom & Co., say: "The raid and
panicky market of the last two days was
If +bn foc fbof
outside operator was long through regular
brokers, as we'll as the bucket shops. Good
parties have bought, but tried to buy low.
Export inquiries are fairly liberal, but it is
useless to expect any large exports until the
decline has been checked. So
long as we continue to decline, so
long will exporters hold back and continue
the hand to mouth policy of the past six
months When there is apparently no hope
left for the bulls, then the bottom is usually
reached. The one is the result of the other
rather than the cause of fresh effects Corn
was relatively strong, declining &c but clos
ing higher than twenty-four hours ago. The
wet weather aids the bulls and the shipping
demand is good. Local options
are buying it and express great confidence
in the future.''
Wilmine, Bodman & Co., say: "The
shorts have been the principal buyers, and
we do not think capitalists are disposed yet
to make permanent investments in our
wheat. Foreign markets are disposed to
"copper" the decline on this side and will
probably decline as fast as we do. There is
still loud talk of the large blocks of our wheat
that is being placed for shipment abroad, but
we do not take much stock in these reports.
At the same time there is some increase in
the export movement, three hundred and
twenty thousand bushels having been taken
at New York yesterday for that purpose.
The decline has been large, and we think the
market may be getting somewhat short again;
and if this warm weather should be followed
by blizzard, which is not
improbable we might get 4 lively reaction
temporarily, but we still look for lower ere We
strike solid bottom. We think some reac-
ton probable now at any time"
Crittenden e Harvey say: ''The market
acts as if dragging around the bottom and the
feeling seems TO be quite general among all
classes of operators that prices are now too low
to sell short with much safety or profit, and
it seems tous as if wheat bought now would
pay if held for turn"
Crosby s. Co.. say: 'There are no indica-
tons of any permanent change in the feel
ing, but we are inclined to think that con-
valesence must soon follow this sickness
in all the markets.
Chicago Financial.