St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-20

Total ..... 45, 500, ,O0Of82 SOC, 900 go, 500, 900
In the provision pit trading was comparatively
light and an easier feeling prevailed. Nothing
to speak of is doing in pork, but the abnormal
situation is the cause of good deal Of talk.
Said prominent trader to-day;
81 presume there are 10000, pe-haps so, 900,
barrels Of pork short for July, bigger lot for
August, and more still for September. happen
to know that the shortage in pork for the months
preceding the opening of the packing season
aggregates at least 100000 barrels. All the
while the stock Of regular pork, too, is
being rapidly depleted. The anxiety OF
the shorts are holding the price above S23 90 to-
day. In August tnis anxiety will be still more
acute. In September there will be scramble,
and in October riot among the fellows who sold
what they did not have sense enough to skurry
around and provide against delivery day.
'sThe short interest for the months of July
August, September and October said Ulric
King, II estimate at $780, 900 barrels. All this
pork that is regular is being taken out and puy
into other styles, SO that there will be nothing
left for the shorts to do but to walk up and
settle. The alarm is so great already that the
short sellers are afraid to enter the market tc
buy for fear of booming prices.
The principal shorts, popularity presumed to
be the Flowers, Alexander Geddes s. Co.,
Robert Warren & Co., Kirkwood Co., are
believed to have settled for the near options
Some CT them, however, are reported to have
put out bigger short lines Of september and Oc.
tober.
Wheat was somewhat less active, though the
business transacted viii aggregate fair amount
The market opened unsettled, partially on ac
count of the Harmon Spruance failure, prices
being somewhat unsettled and free offerings
quickly caused weaker feeling and decline. OF
I @1c. Later there was a rally caused by
better demand, which was afterward laid to the
account of Nat Jones and Baker who were said tc
have run the market up to sell on. Prices advanced
1@1Hc, but afterwards became easier and af
ter fluctuations closed A@Hc below yes
terday's last quotations. Among the large sci
lers were VIM. It. Baker, Cudahy and o. H
Roche. Baker disposed Of 10000 at s8c, Sep
tember, while Roche sold 100000, buying half Of
it back later. The shorts in one or two instan
ces were forced to cover, and sellers were plen
ty at the top figure of the day. August closed
at 84Hc, September at S54c. There is no af
ternoon board Saturdays.
In corn speculative trading was fair, though
the feeling was somewhat nervous and unsettled
The opening was irrerular, prices varying con
siderably in different parts Of the pit, and unde
free offerings declined &c from the early outside
| prices. Later the market frmed up in sympathy
with wheat, and prices advanced 1@1Hc, bu
soon ruled easier again and closed at 55c fo
| August, NC higher, 55c for September, the same
as last sales yesterday, and $3.50 for October
| % C above yesterdays close.
| Trading in oats was only fair and prices ruled
| somewhat lower during the session, but closed a
| yesterdays figure.
| Very little was doing in pork and prices exbib
| tied no change.
| Lard was not as active as usual and prices
| easy, receding 5@10c and closing rather tame a
| S7.121s for August and s7.25 for September
! Short ribs were in small demand and prices
were 5010c lower, the closing being S7.72H
August, aud S..77H September
In cattle there was little or no change in prices
| from those ruling late yesterday afternoon TIL,
decline on fat cattle for the week is 25030c, on
| grass cattle 75NS0c, on COWS and or
| other common stock nearly dollar
The receipts Of Texans were light to-day, bat TO
| the week they have been the heaviest for TIA.
season. Good canning sorts sold down to S3.5
| 03.60 and the best such as was suitable 70
| shippers and butchers sold at S4.00G4.25: one o
| two lots of so-caed corn-fed sold at 81 90GI4 95
| The bad break i'll half fact and common cattle
! together with the heavy receipts, seems to hav
/ had depressing effect on stockers and feeders
| they selling down to ruinously low figures.
! There was q brisk demand for all sorts Of hogs
with an advance OF about 10c on choice light ant
! good mixed packing grades, while prime heav,
! underwent little or no change. Choice ligh
commanded premium of 10@f5c over the bes
heavy to-day, and it is now generally believed tina
fancy light viii continue to go sell for som,
| time.
| Hamilt & Brine, reviewing the market, say
ssWe have again to note increased activity in al
our markets during the past week, with yer.
marked improvement in the general feeling
| Wheat ard corn have attracted more fnteres
than for several weeks past, while provisions hay
ruled steady, with no material change in values
| In the wheat market there has been noticeabl,
| increase in the business done for outside accoun
| for future wen as for spot delivery. Ship
| pers have taken hold freely, the movement TO
several days past having been liberal, and en-
| gagements entered into for the near future whicl
promise to greatly reduce our already largely de
| pieted stocks. Should the demand continue 70
few weeks as active as In the recent past, Gan.
| indications all point In that direction), we vii
| enter upon the new season with granaries a
/ bare Is has ever been known In the history O
/ the trade The important fact taken in connec
! ton with the exceptionally low values now cur
| rent, leads us to look upon the situation
as one Of great strength, and w
therefore say again to our friends tha. we be