Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-01-15

because it was current rumor that Schwarti
d Dupee would deliver out large amoun
OF corn on account of the Now Yori
clique. Saturday they delivered 25O,ooC
bushels to NJ. S. Nichols & Co.. and
the amount removed to-day was ovel
100000 bushels tonight. I learn they
did deliver about three quarters OF mill
ION to-day, which was quite widely scat
tered. However, greater portion of il
got back to Schwartz & Dupee and tc
Eggleston, the receiver, who was supposed
to oe acting in concert with the Sturgis
Clews crowd in New York. After prices
had declined January 116c, February 2sc
and May Mc lower than at the close on
Saturday the posting of receipts had a
large buying orders from the outside, fixed
at 5oc for May. Another strength
ening influence is thus stated by
Shepard & Peacock: "The clique
arc accepting rings on January
deals which they refused on Saturday,aud
a great deal of the January stuff has been
settled up. They still hold the cash prop
oShH6IbA SO AUD0o dI6 very AHA
ious to let every one know tbs New York
parties they represented IN the December
deal, and for whom they received over
100000 bushels Of corn, had been selling
out through other houses. The publicity
/ given to this Information added to the
fact that certain houses and certain cor
respondents have been writing that the
/
New York crowd had dumped their prop
erty some time ago seems to corroborate
the position taken in this correspondence
that the clique were manipulating
January SO as not to advance
prices, and thus invited large shipments
of corn from other points, while the New
York crowd had been selling and taking
their profits on large blocks of corn, it is
| safe to assert that the cash corn is where
it can be controlled by few parties at the
| most''
Minor d Co. say, however, "We consider
the unsatisfactory deal now about closed
up, and corn will now have to stand upon
its own merits. Unexpected light receipts
held the market up ca any advance, We
think it safe TO SELL"
Crittenden & Harvey: ''We cen see no
reason for predicting a lower range
than touched to-day, and believe buying
in weak places will prove safe"
The provision market has been quite
firm to-day under the leadership Of the
Fowler Bros, and the reports of large pur.
ohases made presumably for Mr.. Armour.
Tonight from good authority learn that
Armour's brokers bought February pro
duct and changed it over into March. Lat
or in the day the market weakened under
unfavorable aGvices from abroad, which
reported heavier stocks than before esti-
mated. On these advioes Schoeneman
sold 10000 barrels Of pork and Geddes sold
alot of lard. Fowler Bros. were heavy buy
ers. The provision market is now inds-
pend ent of wheat and it acts as though
heavy packers were rapidly obtaining con
troll.
The receipts of hogs were 5000 10 5000
more than last Monday, and the quality
generally about as poor as any day this
season. On the northwestern roads they
would average nearly 10 per car. Choice
and medium heavy we've scarce and in fair
demand from both packers and shippers,
ruling at an advance of q strong 100 IS
compared with Saturday. Light sorts
ruled rather irregular, opening weak and
lower under strong demand from houses
that wanted pigs averaging 120 to 140.
The loss Of the early hours of The morning
was regained, and all the later
sales were fully as high if not higher than
Saturday. Packers, or at least those in
want of good straight and assorted heavy,
were not large buyers. the advance on
such checking the demand and limiting
orders. About 10000 were on sale inciud-
ing fresh receipts and those carried over.
The receipts of cattle were liberal to-
day. The market generally was rather
quiet, buyers, especially those engaged in
the dressed beef and shipping branches
were slow to get into action, and up to
noon when this report was closed there were
but few shipping cattle sold. For good
butchers and c5nnels' stock there was a
steady demand, and prices on all sorts
ruled much the same as last week, yet the
market generally wasslow. The receipts
of sheep were l. 900 more than on last Mon
day. There was sharp demand for the
fresh receipts, all sorts selling equally as
well as last w9ek.
The daily Commercial Bulletin, in re-
ferring to the movement OF hogs and pro
gress of packing operations at this point,
says: "The receipts of live hogs
during the past week were 162,3O2, against
1926 for the week previous and
176,375 for the corresponding week last
year. The quality of the offerings was
quite good and we'll suited to the wants of
the trade. The arrivals were small early
in the week, and the market ruled firm
and prices were small early in the week,
and the market ruled firm and prices were
slightly advanced. Later the supply was
materially increased and prices receded Is
@25c per 100 pounds, but at the close the
feeling was frner again. Shippers were
rather free buyers early in the week. In
fact they took the bulk of the
offerings. Packers made very few p1r-
chases early, but during the latter part of
the week they entered the market and
purchased With considerable freedom. near