St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-05-01
more business was transacted than was made

| more business was transacted than was made
public.
There was only moderate business trans
acted in pork, and prices ruled irregular. At
the opening reduction of 10@15c was sub
mltted to, but during the latter part of the
session firmer feeling prevailed and prices
rallied 15@20c, and closed comparatively
steady at S17 71715@117.2 for June. On the
call the feeling was easier, but on the curb, I'M
der increased weakness, prices dropped 215c.
Lard was in fair speculative account, but
was weaker, prices ruling somewhat irreg-
ular Offerings were moderate and the in
quiry was quite active at times. The market
opened easier, and prices ruleu 5@10c lower,
but rallied 10@15c, and ruled comparatively
steady to the close, which was at $500
S.5215 for June.
Inquiry for short ribs was slight and offer
ings not very large. Prices exhibited very
little change, and the shipping demand was
moderate.
The cattle market opened slow. Up to a
late hour shippers and dressed beef operators
were not buying to any great extent. There
was one small order for big export cattle,
and that was all there was from that direc-
ton. Prices underwent little or no change,
but salesmen found it rather up hill work to
find buyers and get satisfactory prices.
Hogs were slow and prices ruled weak,
with perhaps a decline of 5Q010c on poor and
common mixed, but the bulk of the good
sorts did not sell any lower. Another packing g
firm that has been out of the market since
January commenced buying, but so far for
the week some of the big shippers are out of
the market and the balance are buying rather
sparingly, so that the presence Of one or two
new packing firms does not help matters as
one would suppose at first sight.
In sheep there was a sharp demand for all
the offerings, and prices again advanced 100
15c per 100 pounds, making an advance Of
50@65c since Wednesday.
Mccormick. Kennett 81 Day say: 'tThe
prospect of heavy deliveries tomorrow has
induced the bears to sell freely, but we think
the wheat will all be taken care of, as there
are many strong bulls who are still long and
believers in higher prices. A rally from this
point would not surprise US. The crowd are
talking lower prices on corn, and further
decline would not surprise us.''
NAOoOy " w. Say liz SCHCldl oPCSult-
tive confidence is rather shaken by the days
decline. Still there has been a large and
good buying of long stuff, and we feel that
the decline has been sufficient to give US
steadier and hardening markets.
Milmine, Bodman 81 Co., say: "The feel
ing here is quite bearish now, and were it
not for the fact that New York hangs over
US in a manipulated condition, we think the
crowd here would be disposed tos sell it off
badly. Trading to-day was almost entirely
of scalping order, and while the market
has been active the volume of business has
not been large.'' We think there are some
large lines of long wheat ready to come on
the market at the first signs Of a collapse of
the New York.squeeze. We are at a loss to
know what to advise on this market now,
but are quite satisfied that
prices are too high for any legitimate uses in
large quantities, but at the same time specu-
lators all over the country are ready and
waiting to attack the market the moment any
opening offers on either side for making a
raid. Probably it is about as safe to buy as
to SELL but we would advise waiting until the
manipulation is over and prices become more
settled. We think, however, we must have
a break of few cents ere we can have a
healthy market again."