St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-20

steadily to a close of $11.75. Lard was also
weaker and 711@15c lower, closings being at
81. 10 for October and 1929 for November.
Ribs settled 15c and closed at 80 for Octo-
Der and 1920 for November.
There was little or no change in the cattle
market and the fresh receipts, among which
there were fourteen cars of western and no
Texans, were quickly disposed of.
Range cattle closed firm. They have
advanced 10000 the past day or so,previous
to that there has been decline of 30@4Oc.
Texans may be quoted at from S3(93. 6O;
Wyoming, Colorado, Montana and Nebraska
Texans are selling at from SO .30@3 80.
Wyoming and Montana natives may be
quoted at s@4.So, and one extra lot sold at
$500. Western tailings and low grades
including cows and bulls, are selling at from
$2.25@3.25.
There were about $4,000 hogs on
the market including the fresh
receipts. Trade dull, prices uneven
and on a average shade lower, yet abou
all were sold, aud the day closed with the
lowest prices for the week. The bulk of the
common to fair packers sold around about
So .70@4SO and the best packers at $4,000
4.10, while the best heavy made only 1913
@5.35. Light lots we're entirely neglected,
and almost nominal at from S4. 9005.10 for
good to choice assorted, and 81. 50@14.75 for
skips and common.
Hamill q Brine, in their review of the
week, say: Values of all kinds of specula-
tive products have shown. during the past
week, a strong downward tendency and prices
of grain and provisions for future delivery
are materially lower than week ago. This
decline is more marked in grain, the offer
ings of wheat and corn having been heavy,
with continuous pressure to sell, while in
provisions values for immediate delivery
have been fairly well sustained, although the
futures have been neglected and are quotably
lower. The increase in the 'visible supply"
officially announced last Tuesday, having
been larger than was generally expected,
offerings for all deliveries increased and the
tone has been one of dizziness and depres-
sion unrelieved by any symptom of impor-
tant reaction. Foreign and seaboard mar
kets have been extremely weak and their
| daily shrinkage in values has encouraged
short sellers here, while disheartened and
weak holders have deemed it prudent or have
been compelled to largely reduce their hold
ings. Receipts continue on an increasing
scale at most of the primary markets, and
| although exports from the Atlantic ports
have been fair and in the aggregate have for
the past three months been as large as ever
known, the tendency of speculation has
been for long time towards reduced values,
4 and thara OF IF
change in this respect. 1t may be well,
| however, to bear in mind that prices are
everywhere extremely low, and that unex-
pected causes may at any time produce
sharp reactions.
Corn has been very unsettled and nerv-
Gus, the feeling at times being so democrat
lied as almost to amount to a panic.
For October delivery the pressure to sell has
been very urgent, large proportion of the
offerings being from parties who were fol-
| lowing in The wake of those who controlled
the September deal, and who were generally
credited with interest in a similar operation
for the current month. Parties so holding
were free sellers on "stop'' orders, which at
| times were extremely difficult of execution,
as limits were quickly passed under liberal
offerings before sales could be effected. We
| note decline for the week of
about 10 cents per bushel on October
corn, with sales to-day as low as
| 1870. For November the decline has been
about &c, with some show of steadiness at
the inside figures reached to-day. We think
the owners of the cash corn in store here,
which now embraces practically the No. 2
out of first hands. The country will have
little or no trouble in marketing it at current
values, should they so desire, and we rather
look for better prices when this furry has
subsidized. The weather has been on the
whole favorable to the maturity of the new
crop, but no material increase to the stocks
of graded corn can be expected for several
weeks.
Oats have ruled very quiet and insssym-
pathy with corn and have declined about &c
since our last. There has been a steady
shipping inquiry, which has nearly absorbed
the current daily receipts, but the weakness
in all other grain had the natural effect of
curtailing speculative operations, and the
futures have been freely offered. We do not
look for any serious decline, but rather anti
SAPdOO d hOuCidtO improvement III Ine near
future.
Provisions-There has been good ship
ping demand for lard ribs, reducing stocks
materially, whichin the future would be even
more marked were the buyers able to find the
goods required. Lard and cured
ribs for immediate delivery have
commanded a premium over the current
price for October, the scarcity of both inter
fering with the execution of orders. The
speculative feature, as reflected in the value
OF product for year and January delivery,
has been weak in sympathy with corn, and
although no very serious shrinkage is noted,
the trade has lacked spirit, and has dragged
under liberal offerings. We still think that
sales of product to come from the new crop
at present prices are rather dangerous, as
prospective receipts of hogs do not promise
to be heavy enough during the next month
to warrant them.
CHICAGO FINANCIAL.