St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-14
GRAIN AND PROVISION REVIEW
Especial Telegram TO the Globe


CHICAGO, Dec. 13.-Hamill IL Brine, in
their review Of the markets, say: ''The past
week, in its general features, has differed
but little from the one preceding, all specu-
lative articles having been fairly active, with
downward tendency in the values Of
wheat and provisions, while corn and oats
have ruled comparatively steady. Stocks of
wheat have again largely increased while
those of corn show a material increase. Tie
outward movement of provisions has been
on liberal scale, but very large receipts of
hogs have offsett this feature, and values for
the whole line of product are much lower
than at the date Of our last review. The
weekly record Of dulness and depression in
wheat has reached a degree of monotonv
which, II we could, we would gladly vary, but
We are vet unable to report anything favora-
Die Of the situation. That We are slowly
approaching the end OF the most pro
longed and most demoralizing decline In
the history of the trade can, we think, now
De fairly said. While il is true that the out
look affords little or nothing upon which to
base expectation of immediate improvement,
price, If nothing else, must soon become
factor demanding attention. All our adyices
from the spring wheat section of the north
west point to q marked decrease in farmers
deliveries in the near future, and at some of
the principal receiving points this falling of
has already been felt Country elevators
having been filed during the recent period
OF excessive deliveries, receipts in this mar
ket will continue heavy until these are meas
urably depleted, but within the next two
weeks We feel sure the effect Of a lighter in
terror movement will be felt here. New
York aud other eastern markets show no
strength as yet, although seaboard stocks
have somewhat decreased. Foreign markets
are without material change in values, but
daily cables from the United King
dom and the continent represent
the trade as being without
tone or animation. We feel, however. not
Tithstanding the discouraging features
which have been so long, and which still re-
main, prominent, that the time cannot be
far distant when investments in this grain
will prove very profitable, and, although it
would be difficult at this writing to name
any very good reason for favorable change.
we believe it will be found that current prices
are not very far from the bottom. From our
most reliable cn-rAsnondents in the north
west We are advised that very nearly, If not
fully, 75 per cent. Of the wheat raised has
been marketed, and, when a decreased
movement in this section is assured, we
look for good buying by parties who win be
encouraged to hold for higher range Of
values
Under very much lighter receipts than
were anticipated corn has ruled strong dur
Ing the week. The daily arrivals Of the
contract grades have been merely nominal,
and short sellers have displayed much uer-
vousness respecting the available supply for
this months delivery. Shipping demand
has been very good, exceeding the receipts
Of the week by over 500, 900 bushels. This,
however, has been wholly supplied from IN
graded cora, the quality of which. has been
excellent For January and May delivery
business has been active, the former show
ing some advance for the week, while for
the latter we note fractional decline. All
reports seem TO agree respecting the general
Willingness on the part of western farmers