St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-02-24

Improvements were more active demand
and a chance that the pens would be about
cleared for the first time llis week.
The receipts of sheep were only 900 or
1000, somewhat below last Saturday, but for
the week ending tonight about 1000 more
than last week. The market was quiet,
owing to the small numbers on sale with
prices about the same as Thursday the week
closing on steady market and shade
firmer prices as against week ago. We
quote, Common, So. .5O@3.75; medium s4.OO
@4.50; good, s4.75@5; choice, s5.25@5. so;
and extras, S5.75@6: lambs, S6td6.10.
Howard, White 81 Co., of the Daily Com
mercial Bulletin, review the forenoon market
as follows: Speculative trading exhibited
considerable activity in the market for hog
products during the week just closed,
and the feeling was nervous and
unsettled throughout During the early part
the undertone of the market indicated q
weaker feeling, due in q measure to de-
cline in the prices of hogs, and more inclina-
ton on the part of spectators to sell for future
delivery. When the decline set in margins
added to the depression in general way,
particularly by the offerings on behalf of out
side parties, and assisted to some extent in
| reducing prices. The demand was not par
ticularly urgent, and the bulk of the trading
was credited to local operators, outside par
ties being less anxious to follow the market
either way at present prices. This caused a
material reduction in the prices for all the
leading articles.
Toward the close quite a sharp reaction
set in, and prices rallied again partially, and
finally closed with considerable strength.
Trading centered largely in contracts for
May and June delivery, and operations ap-
peared to be transferring their contracts
ahead as much as possible. The inquiry for
shipment was moderate with trading chiefly
in quiet way, and orders in most instances
for small quantities to ''bridge over'' and
supply immediate wants. The recent ad-
vance, and the approach of the Lenten season
make merchants in distributing and con-
suming markets, cautious and careful in
their trading, and they are not much inclined
to replenish their stock at present. The stocks
on hand are not very large for the season
and were gradually decreasing. The re-
eeipts of the product from the interior were
very large and the shipments were light for
the season of the year. The export move
ment is comparatively small and shows a
gradual reduction as compared with the re-
turns of the past winter packing season to
date. 1t is calculated here that the final re-
turns of the packing of the west, will show
a decrease of $50, 900 TO 600 hogs, and
should the average weight exhibit decrease
of ten pounds per head, the aggregate decrease
would be equal to 100000 hogs additional
The average weight here will be very light
and the returns for the winter season will
probably not show much excess over the
average weight for the past summer-some
thing very unusual.
The average yield of lard, too, will nc
doubt exhibit decrease. Some calculation;
are made that the receipts of hogs Will b'
larger during the summer months, but tina
is considerable of conundrum at present
The foreign demand for hog product
was comparatively lighter during TN
week just closed. There was little in
quiry for lard for the English markets, and
few round lots were purchased.
Bacon was little sought for, and only
few small orders were provided for. Stock
! abroad are not very large, but are. sutiieien
to meet present wants, especially as tn
t lenten season is near. Prices in LiyerpoC
have been on a declining scale, and ar
| about IS lower on lard and 1612s lowe
5 on bacon then reported one week age
t Continental markets are also easier. TIL
: exports continue moderate, and a good po
e ton forwarded are in first hands The dc
r mestic demand for hog products was fair, br
(, a good portion of the trading was in a quit
o way. Prices were little more favorable
f buyers, but this did not stimulate busine:
/ to any extent. Trade with the south wi
) somewhat restricted, owing to the high watel
prevailing in the Ohio valley, and conside
: able product has been delayed hel
: awaiting shipment. The movement
e the south has been somewhat enlarged With
< the past two or three days. Orders from th
r Pacific coast markets were fair for spec
V articles. Trade with the Canadian marke
t was rather higher. Orders from the easter
e markets showed little improvement but Il
| inquiry was mainly for picked meats. Coz
siderable produce has been disposed of at il
: terror points to be distributed within the ne
s thirty days.