St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-26

SlrdlH. 1ney want 10 elluer make OF lOSe
and have the agony over in short order.
Wait till prices veer upward 4 or SC and you
will see flood of orders that will make
things lively again"
Corn, though active, has been especially
weak under liberal sales by local longs. Fine
weather throughout the corn belt stimulates
the short sellers and their offerings, together
with the selling of the local holders of Sep
tember and October options, caused
very weak and depressed market
The opening was from L@3sc off
from Saturday and during the day only got
&c above the opening. Shortly before
noon the report became current that "Gyp'
Adams had sold out, andas he is supposed to
be enormously long the market Immediately
weakened and declined, Holden 81 Co.
throwing about $50, 900 on the break, most
OF which was taken by Pickering and Con-
ther. Jim Sherwin and the Eldredges were
also free settings during the closing hours,
when the feeling was the weakest. Dows &
Co. were also reported as heaviest on the corn
market, September closed at 50Mc against
SIC Saturday, and October closed at 4915c
against 505sc.
II will tell you where's the prettiest little
spread seen this season. said Mr.. Bodman,
OF Milmine, Bodman & Co., to-day. "Here's
October corn selling at SOC and November
at 4519c. That gives a spread of 415c. Go
buy Is October and sell Is November, and
in my opinion you will have clear gain of 2
cents in your favor within fortnight
There is no reason why November corn
should be discounted Axe under October,
except it is feared some corn of the new
crop will be delivered in that month, some
thing which doesn't occur once in thirty
years.
Oats were inclined to weakness in sym
pathy with wheat, but were steadied some
what by the support of Wallace, who is re-
ported as being heavily long. Trade was
fairly active and the closings were about
steady as whole. September closed at 25c
and October at 257sc.
Trading was only moderately active in the
provisions market and weaker feeling and
lower prices prevailed during the greater
part of the session. The receipts of pigs
were quite liberal and prices ruled easier
and the reports from foreign and eastern
markets rather unfavorable to holders, COP
sequently buyers were slow to take hold ex-
cept at the lower figures. The demaed on
shipping account was only fair and generally
for small orders.
Pork was inactive, the only feature being
a drop to $40 for October.
Lard was more active, but the feeling was
weak and unsettled, and prices declined 10
0115c, and closed rather tame at $40 for
September and $3.50 for October. The de-
mand and offerings OF ribs were light and
prices ruled weak, declining 20030c, and
closing tame at $1035 for September and
So 55 for October
Among the arrivals of cattle we're at least
4,500 Texans and westerns. There we're no
frst-class natives, and but few that would
pass for second class in a fair run of stock
The few natives that were offered sold easy
at alb out the closing prices Of last week,
while the Texans and westerns were 100
15c higher, with other droves 20@25c
higher. There were but few
stockers and feeders on sale,
but there was fair inquiry, and
good stock would have made strong prices
The market closed steady at S3.S0@9425 for
native grassers; S4'50@5.50 for common to
fair native steers that have had some corn
s6(96.25 for good second class corn fed, and
Sc 50@07 for the best. Texans may be
quoted at S3.50@4, and westerns S4(05
I. i. -
the latter price.
The hog market was dull from first to last,
closing weak with 10, 1000 to $4,000 unsold
and 10(015c lower With the fresh receipts
there were about "a, 900 on sale. The pro-
vision market is duh and prices in all kinds
of the product are lower, hence packers were
not nxious buyers. Shippers did not seem
to have any urgent orders and they were not
on the market. The sales showed range
of $5(oo5. so for grassers and corn fed skips,
S5. 7506.30 for common to good assorted
light, S5.50@6 40 for rough to good choice
heavy
j. W. Rumsey & Co. say: ''While the
price is very low it may go lower, and yet we
would not be short. We expect an upturn
at any moment"
Milmine, Bodman & Co. say: ''We see
no good reason why wheat should be worth
any more here in November than now, and
think short sellers at present premium have
every prospect of making money. When
they can buy long futures at discount we
shall feel like advocating purchases. ~
The Chandler-Brown company say: ''The
breaking out Of the cholera with renewed.
virulence and its rapid spread, if continued,
is also likely TO have strengthening effect
1t will in all probability close the ports of
northern against southern Europe and India
and in consequence create greater demand
from our wheat