St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-12
t. 1t looks safe purchase now on any

ist. 1t looks a safe purchase now on any
break
1.-The fact is" said W. G.. Press, sthe country
has gone long on corn, The boys got out at the
top notch, but the country, as usual, waded in
when corn reached SAC, and bought all the way
up. There is no local long interest in corn to
speak of, but when prices get little lower there
may be some heavy local buying and quick turn
in prices.''
Statistician Prime reports unusual conditions
in the western corn crop which point to heavy
and early receipts Of the new crop. 1t is said
that throughout Missouri and Kansas
the farmers are cutting corn in
order that it may dry out sufficiently
to shell and ship in October. The practice has
been to let 1t dry the stalk and shell it later
Nat Jones says that he has been offered 400, 900
bushels Of new corn, one-half to grade contract
to be delivered in October. This offer came
from Tennessee where corn is already secure
from the frost.
Oats continue heavy under heavy offerings.
Nat Jones created quite furry by throwing the
May options right and left at 2s2c Stauffer
and other big traders followed his example and
the usual number of small fry who follow in the
wake OF the big operators were anxious to do the
same thing, but the market was too sick to absorb
further offerings even at the decline. Septem-
Der and year closed at 24Xc, and October at
24Hc.
Provisions were active, with an inclination
towards weakness, with lard the center of inter
est and showing more strength than the other
articles. The trading was fair, although there
was NO particular activity and less excitement
than for some time past. October closed at
S7.27M, the same as yesterday, and November
at 81 .171s, decline of &c. In pork there was
but little doing, and the only transaction worthy
of note was the sale of 1000 barrels of the
year by Charley Singer for S11 .35, or 15c below
yesterdays close. The feature in ribs was the
announcement that Cudahy & Steevers, who have
been running corner In that product had trans
ferred their deals to Armour & Co. Armour it
is claimed, will let the price of ribs stand until
1t is too late to make short ribs that can be de-
livered on October contracts, when it is expected
he will advance prices to any point he desires,
which he can readily do as he holds all the cash
product. 1t is estimated that the market is
oversold "a, ,O00 900 bs. and squeeze rivaling
the late pork corner is predicted by some. Sep
tember closed at $3.50, decline of 10c, and Oc-
tober at S9.571l, decline of 7Ac.
Among the receipts of cattle were
about 100 cars of Texans and 100
OIL Ierrltorlal rangers. Many groves
OF which were of very superior quality. The
market generally was active and prices ruled
strong on all sorts. Exporters, shippers and
dressed beef dealers all seemed to have urgent
orders. The best natives were scarce, and were
generally quoted 10c higher. Common. medium
and second-class native steers were also shade
frmer. The best rangers were in active demand,
native butchers stock steady, stockers and feed
ers in good demand and firm. There is q strong
inquiry for stock calves and the heavy receipts
of the week have been disposed Of at satisfac-
tory figures, but not quite as high as last week.
Stockers sold at 49, 2594. 10, feeders at S404.2
stock calves at SS.50@1s.O0 per head.
Range cattle may be quoted at
s3.5O04.5O for Texans; S3.9O05.15 for
Wyoming, Colorado and Montana. Range tail
ings including cows and bulls S3.25@3.60.
The hog market was active and at least 10c
higher all around. The light receipts, the cooler
weather. better demand from shippers, and the
presence of another packing firm on the market
all contributed toward the strength and activity.
The outlook generally is for better prices on hogs
especially, under these light receipts. Sales at
ESQ 6.35 for common to choice heavy and
So. ESQ 6.10 for common to choice light.