St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-18
Many Spectators Sell Their
Holdings for Their Re-
gular Sunday Rest.
Outside of Trading of This Char
acter the Market Without
Noteworthy Feature.
Wheat Fluctuates Slightly and Closes
the Day at Exactly the Figures
OfFriday.
Hamill & Brine's Weekly Review CT the Situa-
tiOn-Armour Puts Pork up Another
Half Dollar.
A Sharp Advance in Union Pacific and
Missouri, Kansas & Texas-Missouri
Pacific Down.
CHICAGO.
Especial Telegram to the Globe.

over Sunday, without much regard to which
side of the market they were on. AS re-
suit the days business was light and no. very
determined efforts were made to either bear
or bull the market The general situation
remains heavy, with large receipts, and the
other bear factors, which have become SO
regular that they cease to exert much in1u-
ence, being expected as a matter OF course
and regarded as merely showing the normal
condition of the markets. October wheat
closed exactly where it closed yesterday and
exactly where it opened to-day, at SOIc.
The same option in corn remains unchanged
from yesterdays. There were number Of
active bulls in the pit until noon, when they
retired and gave the bears a chance. Sep
TENDER wheat and corn both lost an sc. the
former closing at 78$5c and the latter at
50%c. Oats for that month did the same,
closing at 243gc. In the provision pit Ar
mour put august pork up SOC, to S27 Sep
TENDER lard closed unchanged at $3.50, and
ribs fell off sc to S1045 for that month.
The winter wheat market is but little better
then nominal Sales of few cars were re-
ported at S3c for No. 2 red in certain elevat-
ors to complete vessel loads, and then Of
car at SIC, and finally at Sic, at which the
market closed for cash and August. TIE
speculative market opened about steady at
4 C over last evenings close. Outside in
fuences were very heavy and might have
brought about decline. But there were
number of shorts in the pit, whose purchases
to cover sales of the day before sustained
and strengthened the market. There was an
early advance Of nc, but when the demand
sackened off about noon there was reaction
of &l00Yc, the market ruling quite weak.
Towards the close there was rumors of for
eign complications which caused a recovery
Of $9c@1lc, the market closing at 1890 for
September and S014c for October. Trading
was light all through, although the volume
of outside business has increased materially
during the last fortnight, coming principally
from the seaboard cities.
Considerable activity again prevailed in
the corn market and the opening was strong
at an advance of &c over yesterdays close.
Bliss, Henry Parker, George Brown and
Canther early commenced a series of bulling
attacks and succeeded in forcing the market
up &C. but later there was an irregu lar set
Ting back to about opening prices, partially
caused by the hammering of Parker and
Lester. At the decline w. W. Catin and
j. j. Bryant started it up again by liberal
purchases, and the close was about steady at
decline for the day of &c on September,
which closed at sou; October 49c.
The speculative market for oats showed
but little life, still there was a slight improve
ment over yesterdays close, though it was
not well sustained to the close. which was at
2455c for September.
Provisions were quite active speculatively
though the feeling was somewhat unsettled
and prices irregular. Lard attracted the
most attention and trading was larger than
for some days past. Prices were advanced
5GQ10c early, but later weaker feeling set
In and there was a loss of 15Q020c, which was
partially recovered towards the close, which
was at 81 80 for September, the same as yes
terday and at IS for October, a loss of 21%c.
Short ribs were dull but steady, and aver
aged 1O015c lower but recovered towards
the close, when they were but sc below the
last sales Of yesterday, September closing at
$l0,45 and October ut Sl0,25.
Said prominent operator, speaking about
the deals in provisions: September short
ribs are about so and Augustpork S27. This
is about all there is to talk of concerning
speculation in produce Ribs have gone
from S6,75 to 5000 in less than forty
five days, an advance of $2.75.
and now all the little spectators who
were pooh-poohng the ability of Jack
Cudahy to carry out his rib corner, are 60
ing to the other extreme, and declare that
ribs are going to $l5, and pork to $50. The
market naturally feels curious to know who
1t is that is on short ribs and pork; certainly
no ordinary trader, for no ordinary trader
could afford to put up &c per pound ON ribs,
and anything from So to Sc barrel margin
on pork. If man has been short $50 bar
rels of pork, and this is the smallest specu-
lative lot like 100 shares of stock, he has lost
within the week S150on it within the month, if
he has been short that length of time, 1850,
within 60 days, oh, something like $4,000.
The smallest speculative stock in ribs is So
GEO lbs. The advance in these within the
week has been nc, or $3.50. On 1000, 900
lbs, an ordinary sized lot for big produce
trader to buy or sell in day, the loss for the
week would be $780,
The cattle market opened exceedingly
quiet and remained in that condition
throughout the forenoon. The receipts were
exceptionally large for Saturday, and there
is prospect of large arrivals for next week.
The offerings of good to prime native steers
were not very numerous and the few of that
sort were taken by shippers and dressed beef
men at pretty full figures, but all low and
medium grade natives were weak and irreg-
uarly oil from 100000 and very hard to sell
at that The only description of common
cattle for which it was possible to get Fri
days prices was stockers. They continued
scarce aud were taken at stiff rates, or ut
$S.2564.25 for poor to good thrifty lots. For
choice lots $3.50 would have been paid.
Traders also continue In good request with
few desirable lots offered. The range on
these is about S4.25a+.75. Cows are all the
way from S2@a. 90 for scrubs to S4G4.25 for
good fatoues.
Hogs-The several classes of buyers we're
in the yards early and got right to work The
competition was of the sharpest and prices
were at once advanced 10@i5c. The hogs
were taken as fast as they could be weighed.
aud by 10 O'Clock only few scattering lots
remained unsold. The advance extended to
all grades Sales were at s.. So@6. 65 for in
ferior to extra light weights, and 50. 5000 Go
for pure mixed to choice heavy. Most of the
light changed hands at S6.1o(36. 40, while
$6. 20@6 SO were the ruling prices for heavy
skips were taken at 81. 95t34.65. The object
Of the recent big advance in prices is thought
by many to have been for the purpose of get
ting large receipts for next week, In which
event prices may be expected to turn as