St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-29

the bulls who were anxious to shake out the
shorts took advantage of the small receipts
and the strength in wheat to manipulate an
upward turn, and prices were forced up / &c
@1%. Opening on basis of 55c- May for
No. 3 advanced to 561Ic, but weakened with
wheat, and declined to 56@5655, at the close
of 'change. On the call the sales were larger
than those of wheat, aggregating ,305, 900
bushels. Buyers were anxious to fill orders,
and stronger feeling prevailed with sales at
560Nc, the outside price being the last
The largest sale was 200 bushels at
564c, from Ream to Lindblom, who ped
died it out again at 5615@56Ac. The feel
ing at the close was firm with bids 5614c for
round lots. The shipping demand for low
grades was good and prices higher.
Oats were active for future delivery and
prices A@35c higher, closing strong at 333sc
May. Sample lots ON track were in good
supply the inspection showing 179 cars OF all
grades. The demand was also good.
Rye was firm and futures 70 higher, in
response to the advance in other grain, and
closed at 621lc May.
Pork was moderately activein speculative
way for future delivery, but the life was due
to the exertions of the "Big Four" Closing
sales show an advance of 15@1FNc since l
O'Clock yesterday, and were on basis Of
S17 9O@17. 92I May. Lard sympathizod
with other articles and advanced to 10c per
100 pounds, but the business was entirely
local, the shipping demand being altogether
two small to discover. Snort ribs
were firm and closed at an adj
vsnce of 1Oc per 100 pounds, but the
transactions were confined to local scalpers.
The receipts Of hogs were estimated at 1000;
the quality poor and prices firm.
Receipts of cattle 1900. The demand was
again limited from the east, but a stronger
feeling prevailed on account Of the light re-
ceipts. Cows selling at $3G94.75 according
to qualify; light steers at $685.; medium
steers $5.25@5.75; heavy shipping steers
S5SO@5.90 and exporters at S6@6.5O.
Stockers and feeders rather easier; light year
lings So. 5O04; averages of 700 to 500 selling
at S4.25@4 so and feeders at S4.S0@5.2O.
Receipts of hogs $500. Packers bought
sparingly but shippers held off. The light
offerings, however, caused 4 frmer tone but
no change was made in prices. Packing
grades sold at Sc. 1O@6SO; shipping at $3.50
(l7.O5; choice light S6@6.60; common light
and skips S5.5OC0$6 25' Receipts of sheep
3,7OO against 227 one week ago. Local
butchers bought good grades fairly but ship
pers held off, as eastern markets were well
supplied Sales were at 81 4005.00 for so to
81 H. averages; $5.25@5.7O for choice, aver
aging 100 to 104 lbs.
A. NJ. Wright 6; Co. say: ''There were 70
ports of increased purchases for export, but
close investigation failed to develop anything
new, and brokers who are the best informed
say that there is no new business and that
the reported sales for that purpose yesterday
were to local dealers, who were making the
venture to sustain provisions, and that they
now sold May and June against their
takings for export The consump-
ton of wheat or its equivalent in
flour in the United Kingdom last week
is reported at l, SIS, 200 in excess of farmers
deliveries and foreign imports"
Crittenden & Harvey say: ''The market
has better line to-day, but hardly seems
confident enough to warrant much advance
at present The low prices prevailing should
stimulate a free shipping demand Already
there have been some good lots taken but the
effect will bring only temporary relief unless
followed up by additional charters and
in view of the favorable crop condition and
slack demand for consumption we hardly
believe we shall get much additional rally,
without another break. 1t looks, however,
as if it would be better to work on the long
side and get in on the decline, as we think
stray parties are working the market for
scalps on the buyer side and will keep the
crowd active guessing the turns for some
dogs. Corn was independently firm and
prices advanced during the session lie, re-
acting toward closing &c, but closing firm
at about 1c better than yesterday. We look
for light receipts, better demand for con-
sumption as the season advances and stronger
prices for The speculative grade and would
buy summer futures on declines. Receipts
of hogs have not been as light for years at
this season of the year, which makes holders
very firm and confident in their views. There
is very little use in giving any opinion as to
the probable course of the market. Prices
look high, but will probably go higher when
parties in interest are ready for the move
ment, and it seems safer to buy on breaks
than sell at all unless the speculative inter
ests change front"
Minor, Richards & Co. say: eve consid-
er corn fairly good purchase on breaks
from present prices.''
The Cincinnati Price Current, of the 9th,
in its thirty fifth annual report of the pack
ing of the west for the past two seasons
gives the number of hogs packed, the aver
age gross weight and yield of lard, by states,