St. Paul daily globe., 1884-09-26

the price should be allowed to drop. They want
to get the last corn just as cheaply as possible,
and what is the use OF their keeping September
! up at soc a bushel, being compelled thereby to
pay that price for the cash receipts, when they
can just as we'll let the fgures drop 10c or even
15c a bushel and save from $751; 600 to $50, 90 an
day in their eIpenses'
Said W. II. Beebe of Mccormick & Beebe
'Ive no doubt but that the deal is to run through
| both September and October There is no sig
nifcance in the drop now There has been a
good deal of talk of the inability of the crowd TO
buy corn, and now corn is sold freely at zoe. To
| show the falsity OF this charge Weare is talking
pretty freely. He said the other day that he ex-
pected to get 5000, 900 bushels of corn here and
to take 100000 bushels of No. 2. He said 1t
would be poor trader who could not handle
that quantity easily
The Chandler, Brown Co. say: ''There is but
little doubt that there is larger short interest
in October than there has been at any time in
September, but it is now to the interest Of those
in control to let that option take its own course
| for few days, which is naturally downward /.
| We would advise our customers to let the near
options alone until further developments are
made"
Oats ruled very steady and quite firm, the
fluctuations being within narrow limits and
the close substantially at the same figures as
the opening and the same as the close of
yesterday, with the exception of the loss of
&c on September, which closed at 2515c.
May closed at 29c.
The provision market during the morning
session was generally stronger and in lard
there was almost boom, under the lead of
Geddes, who, report has it, is engineering a
corner in this product for "a party or parties
unknown At any rate there was a good
demand from the shorts and the price of the
October option was forced up zoe above the
last figures yesterday, and at the close of the
morning session stood 1715c above, but on
the afternoon board there seemed to be a
lack of interest in this deal and values were
allowed to drop to the same figures as on
yesterday, the close being at $3.50. Novem-
Der shared the strength of the earlier month
on the morning board to limited extent,
going up &c above yesterdays close, but sank
back with it in the afternoon, the close being
at Yesterdays figures, S7.2715. In pork the
speculative trading was confined to
year and January, which options closed 15c
higher on the morning board and &c higher
in the afternoon. at S11.90. Ribs attracted
fair amount of attention and the feeling
was fairly strong, prices averaging 10c higher
in the morning and closing at .S10.40 for
October and November, but in the afternoon
there was falling off in sympathy with lard
and the final close was at the same figures
as on yesterday, 5000 for October and No
vember.
The cattle market was rather slow, but
prices on all sorts ruled steady at the de-
cline noted the past three days. There is an
undated demand for young cattle for feed
ing and grazing. The arrivals are quickly
disposed of each day and prices remain firm,
thrifty young stockers selling at 49, 35O@4 per
100 pounds, and suitable feeders at 81. 25@
4.SO. The supply is limited and the indica-
tions favor higher prices in the near
future, as it appears the source of
supply, especially Wisconsin and Minnesota
and part of Iowa, has been closely drawn
upon to fill the demand for the far west.
Receipts of stock calves are 700 to 500 less
than last week, so far. The demand con-
tinues steady, with little or no change in
prices. Range cattle, of which there were
about 300 cars among the fresh arrivals,
may be quoted as follows: Texans $3.50
4.25. A drove of Indian territory stock,
averaging 1,257 pounds, sold at S4S5.
Wyoming at s4. 25@5; Colorados S4, 1904. so /;
Montanas s4.25@45O; COWS and tailings
S3.50@4
The hog market was also rather slow and
prices somewhat uneven, and for short
time during the early morning prices were
5@10c lower on common, but later there was
an improved demand, word having come up
from down town that provisions were
stronger, the market closed steady with the
loss of the morning regained. The traius of
the Burlington were delayed, and that incident
somewhat interfered with trade, the stock
arriving too late for the early demand. Sales
were at S4.50@4.75 for grassers S5.OO@5. 90
for skips, s5.50@6.1O for assorted light,
S5.25@5.65 for common to good mixed, and
$5.90@6.1 10 for the best heavy.