St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-28

be some very heavy shorts yet in the market
who refuse to settle, else the market would
not hold on in the face of the heavy receipts
prospective and present, which are not only
coming in from legitimate sources, but from
such points as Buffalo and New Orleans.s
The other options were strong also, with
more disposition to buy, but opinions differ
as to the prospects of a corner in October.
The clique appear to be free sellers of that
month, but they may have brokers buying
and intend to meet it after awhile October
opened at SIC, sold up to 5714c, aud then
went back to close of SIC. November
opened at 1890, sold at 47c, and closed at
1910
Oats were shade stronger, with little
better business, but the closings were the
same as on yesterday.
In the provision market there was only mod
crate business, lard claiming some atten-
ton, but trading in the other articles being
spasmodic and comparatively slow. Prices
were also generally easier. In pork the trad
ing was in year and January options, and
they suffered decline of about 15c. Octo-
Der closed nominally unchanged and year at
unsettled, the closing being 15c lower for
October at $40 and 7119c lower for Novem-
Der. Ribs were rather quiet and closed zoe
lower for September at $40, and unchanged
for October at 5000.
The cattle market ruled steady and for a
Saturday trade was fairly active. There were
about 500 cars of westerns and Texans among
the fresh receipts, out of the 100 on sale SO
that more than one half the number offered
were range stock. The current quotations
for range stock are as follows: Texans,
So. 1904. so, Montana Texans SO. S0@4.75.
Native Montanas sold as high as $3.50 yes
terday, Nebraska Texans s.. 75GQ4.10, Colo
RADIO Texans s3.75@4.25. Wyomings s4.25@
5.25, half-breeds s425@5.75, cows, bulls
and tailings s3.75@4. These quotations are
based on current sales.
The hog market was rather dull, and
prices weak and shade lower on the medium
and common sorts, while few loads of solid
heavy sold nearly as high as on last Saturday
and load, selected out of several loads,
bought by an eccentric buyer who was will
ing to pay for his whim, cold as high as any
day this week. This incident in no way re-
fleets the condition of the market. The in
dividual wanted just such a sort and was
ready to pay any price asked. Sales were at
S4.60@4.8O for skips, 81. 90@5.20 for grass
ers, s5.50@5.75 for mixed and medium. and
s5.S5@6 for the best heavy, light s5.25@5.5 80
and little or no demand.
Hamill & Brine, in their review of the
market this evening, say: Our grain mar
kets since our last have all been very active,
corn leading the list in interest and violence
of fuctuation, and with the exception of
oats all speculative articles are higher at the
close to-day than at the same time last week.
Provisions have ruled strong and trading
has been liberal, both on speculative and
shipping account, the latter showing marked
improvement over the previous week.
There has been much better tone in the
wheat market during the past week, The
volume Of trading has very largely increased,
and we note growing confidence in the fu-
ture of this grain. The wheat pit, which for
many weeks has been sparsely attended, is
now daily crowded TO its utmost ca
paclty, and this feature we
think is noticeable as indicating revival of
interest In the trade. The week closes with
outside prices bid for all deliveries, and an
established advance of about &c per bushel
in the contract grade would seem to indicate
that the views of operators have undergone
a marked change, especially as the lower
grades have sympathized fully, having adj
vanced S@10c per bushel under good ship
ping inquiry. The movement from first
hands has been light, and should this feature
continue we anticipate hardening tendency
in values. Numerous reports from the win
ter wheat belt seem to confirm the general
expectation Of decreased wheat acreage, and
while nothing definite on this point can for
some time be known, we think the recent
depression in values all over the world must
certainly curtail seeding of wheat everywhere,
current prices Offering no inducements for
its production.
Our opiuion recently expressed, that in
corn fluctuations would be Sudden and
violent" has been more than realized. No,
9 corn, which closed week ago at zoe for
September delivery, advanced to soc shortly
after the opening on Monday On the fol-
lowing day the price dropped suddenly &c
per bushel aud later in the week a still fur
Their decline Of &c was established, but we
note to-day full recovery from the lowest
point, trading having been active early in
the session at soc and the close was nomin-
ally 79(0S0c. For October fluctuations have
been within a range of about 4c, with liberal
trading early in the week, but with very
quiet feeling, amounting to inactivity dur
ing the past few days. Parties who have for
some time controlled the market for the cur
rent month seem yet to be masters of the
situation, but respecting the ensuing and
later months opinions widely differ and we
feel that operations to be free from unusual
risks, should for the present at least be con
fined to November and the more deferred
deliveries.
Oats have been steady and the usual spec
ulaton and shipping demand is solid. The
latter, while not quite so urgent as earlier in
the month, is yet liberal, and there is no i'm
portant increase in stocks in store. Current
prices for all deliveries seem to us to be
safe, and to promise remuneratiye results to
buyers.
Provisions have on the whole ruled
stronger, although the feeling is somewhat
easier at the close. Stocks have been
materially reduced during the month and we
think postings on the 1st proximo viii show
marked decrease from those of the LIST
inst The demand for consumption has
been heavy and promises to continue so for
some weeks. We feel that sales at current
prices do not promise much profit, but rather
look for an improvement in values for de-
ferred stocks.