St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-20

any immediate demand are still shipping very
lightly indeed recapituIation of his sum-
mary makes the following showing. the figures
indicating bushels:
July /, 'S4 JAM, 's4 July1, 49,
Wheat in stock
in 10 cities in
Europe 49,. 1900, 900 ga, zoe, 900 49, 500, 600
Flour reduced
towheat bush
els.......... 100000 6,sOo,OOO 100000
Amount of
wheat afoat
to Europe. IA. 5000 II, 900 14,aoo, 600
Visible supply
of wheat in
America -. 1a,4oo, 900 IS, 800, 600 10, 4o0, 900
Total $50. 45,5O0, 600 1884, 500, 900 60, 500, 900
In the provision pit trading was comparatively
light and an easiersfeeling prevailed. Nothing
to speak of is doing in pork, but the abnormal
situation is the cause of good deal of talk.
Said prominent trader to-day
81 presume there are 10000, pe-taps $4,000,
barrels of pork short for July, bigger lot for
August, and more still for September. happen
to know that the shortage in pork for the months
preceding the opening Of the packing season
aggregates at least 100000 barrels. All the
while the stock of regular pork, too, is
being rapidly depleted. The anxiety of
the shorts are holding the price above S23 90 to-
day. In August tnis anxiety will be still more
acute. In September there will be a scramble
and in October riot among the fellows who sold
what they did not have sense enough to skurry
around and provide against delivery day"
ssThe short interest for the months of July,
August September and October said Uric
King, II estimate at 10000 barrels. All this
pork that is regular Is being taken out and put
into other styles, so that there will be nothing
left for the shorts to do but to walk up and
settle. The alarms SO great already that the
short sellers afraid to enter the market to
buy for fear of booming prices.
The principal shorts, popularity presumed to
be the Flowers. Alexander Geddes g. Co.,
Robert Warren & Co., Kirkwood & Co., are
believed to have settled for the near options
Some CT them however, are reported to have
put out bigger short lines of September and Oc-
tober.
Wheat was somewhat less active, though the
business transacted will aggregate fair amount.
The market opened unsettled, partially
count of the Harmon Spruancs failure, prices
being somewhat unsettled and free offerings
| quickly caused weaker feeling and decline of
| q 01c. Later there was a rally caused by
| better demand, which was afterward laid to the
were
have run the market up to sell on Prices advanced
! 101Ac, but afterwards became easier and af-
ter some fluctuations closed A6Hc below yes
| terday's last quotations. Among the large sell
lers were VIM. T. Baker, Cudahy and O. H.
| Roche. Baker disposed OF 300, 900 at SEC, Sep
TENDER, while Roche sold 200 600, buying half of
| it back later. The shorts in one or two instan-
ces were forced to cover, and sellers were pien-
| nj tha for fur1ra oftb a dav ole
| at s41fc, September at s5zc. There is no af-
| ternoon board Saturdays.
| In corn speculative trading was fair, though
the feeling was somewhat nervous and unsettled.
The opening was irrerular, prices varying CON
siderably in different parts of the pit, and under
free offerings declined Z from the early outside
| prices. Later the market frmed up in sympathy
| with wheat, and prices advanced 10fMc, but
| soon ruled easier again and closed at 55c for
August, &c higher 55c for September. the same
as last sales yesterday, and 54sSc for October,
| sscaboye yesterdays close.
Trading in oats was only fair and prices ruled
somewhat lower during the session, but closed at
| yesterdays figure.
Very little was doing.in pork and prices exhib-
! tied no change.
/ Lard was not active usual and prices
easy, receding 1oc and closing rather tame at
| s7.121a for August and S7.25 for September
Short ribs were in small demand and prices
were 5@10c lower, the closing being s7.72H
| August, and s. III. September.
In cattle there was little or no change in prices
from those ruling late yesterday afternoon The
! decline fat cattle for the week is 25030c, on
| grass cattle 75G50c, on cows and on
other common stock nearly a dollar.
The receipts Of Texans were light to-day, but for
the week they have been the heaviest for the
season. Good canning sorts sold down to $3.50
| G3.60 and the best such as was suitable for
shippers and butchers sold gt s. COCA 25: one or
two lots OF so-caIled corn-fed sold at Si9OG4 95.
The bad break in half fact and common cattle,
| together with the heavy receipts, seems to have
had depressing effect on stockers and feeders,
| they selling down to ruinously low figures.
There was brisk demand for all sorts Of hogs.
with an advance OF about 10c on choice light and
good mixed packing grades. while prime heavy
! underwent little or no change. Choice light
commanded premium Of fe115c over the best
heavy to-day, and it Is generally believed that
| fancy light viii continue to 50 sell for some
time.
Hamilt & Brine, reviewing the market, say:
ssWe have again to note increased activity in all
our markets daring the past week, with very
| marked improvement II the general feeling.
Wheat and corn hare attracted more interest
than for several weeks past, while provisions haze
ruled steady, with no material change in values.
In the wheat market there has been noticeable
increase IN the business done for outside account
| for future az well as for spot delivery. Ship
pers hare taken hold freely, the movement for
several days past having been liberal, and en-
gsgements entered into Tor the near future which
promise TO greatly reduce our already largely de-
pleted stocks. Should the demand continue for
few weeks az actfye Is In the recent past, land
indications all point In that directionl, We VIII
enter upon the new season with granaries as
< bare a. has ever been known IN the history Of
| the trade The important fact taken In confec-
ton with The exceptionally low values now cur
rent, leads to look upon the situation
as one Of great strength, and we
therefore say again &c ON friends that We be-