Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-01-06
TRANSACTIONS RATHER SMALL.
Provisions on tho Upward Grade,
Owing 30 Light Hog Receipts.
THE GtrGLE TRADE VERY DULL.
The Bulls at Work on the New York
Stock Exchange.
CHICAGO
lspssial Talsgran to the Globe. /


one this we. The annual election at
tracted the az ion Of many large oper
ators, and NOR time vas consumed dis
cassing tbs mems of fhe various candi-
dates than to trading. The extreme cold
weather greatly Interrupted telegraph
communication with all points, and the
bulk cf business was ca local soaIping ac-
count, with prices confined TO very mar
row range The receipts OF grain and
hogs showed heavy falling off, which is
accounted for by the cold weather, and the
indications point 20 q light run on
Monday. The wheat market was quiet
but averaged frmsr. Receipts we're 80
cars less thau yesterday and shipments
light. The movement for the week shows
an increase Of $4,000 bushels, and stocks
are now estimated at 100000 bushels.
Trading was almost satirs!y between the
local crowd, and ths market had the ap-
pearance of being held by the covering Of
timid shorts, who were scared. A strong
under current w2s made all day. The
Adauoses were among the heaviest pUr
cnasers, but their takings were not large
Rock also bought freely early in the day,
and succeeded ia getting about 100000
bushels Fluctuations were confined to Mc
range, and close 4o better than Friday.
Opening sales Of January were at 944
@941Sc, and after few fluctuations ad-
vanced to 9078o, reached 941ac, and finally
closed at 947ae. February ranged 1c over
January. May, whica is the faVorite deal,
opened at 81 0215o, declined with light
sales to $IO2, when local operators bought
fairly at 81. .O3, advanced to 81 034, weak
ened 15o, on selling by parties who had
bought 1T the bottom for & scalp, again
reacted and closed at The outside prices Of
the day. After the close q stronger feeling
developed and sales on the curb were st
$L01M@103. 4 little more inquiry was
made by millers, and small shippers for
car lots on account of the 10 decline in
freights east
Corn was stronger, with trading the same
as in wheat, chiefly on
local account. The receipts
showed decrease of SO oars, and so per
cent. of the 158 inspected was contract.
There will be an increase in the stocks IN
store OF 389, 900 bushels, which makes the
total stock 100000 bushels. February is
well thought of by Schwartz d DuPee,
Baker and others, who are said to have
quietly received large lots with the inten-
tion of holding for bull. heavy fall
ing off in the arrivals is predicted. The
cash deliveries to-day we're fair and the
bulk went to Schwartz u Dupee, who are
carrying it. The market opened steady,
declined trife, advanced q @ 10, reacted
&c, became stronger, recovered the de-
cline and closed at almost the outside
prices. January opened at 57@57Ac, ad-
vanced to 57Ac, weakened to
5716c, became stronger at $500
@5756c. Februory opened at 5638 @561ac,
advanced to 57$sc, weakened TO $500, re-
acted and closed at 57c. May ranged at
59A @6015c, opening at 60@6o18c, de-
cIined and barely touched 5934c, when
buyers took hold quite freely for time,
and prices advanced to 601ao. The first
up-turn vas of ehort duration and re-
action 10 592lc occurred. Towards Che
close stronger feeling was developed and
prices advanced and closad al CO.'S @60Ac.
June ana Jpiy were neglected. Shippers
bought rejected freely, ana prices
advanced 3034c and closed nearer
the prices of No. 2 than for sone time
past.
Trading in oats was very light,
but strong feeling prevailed,
and prices we're confined 10 A@18c
range. January sold at $500 SO 20
February 3355 @34c, and closed at outside
figures, May at 3724@384c, and closed at
38@387se.
Rye quiet and steady.
Barley met fair call, but the demand
was chiefly for car lots, which were offered
sparingly and held firm.
The provision market exhibited feeling
of firmness, and prices averaged higher
Foreign advices we're stronger. The re
cei pts Of hogs we're light and speculative
offerings moderate. Mess pork was firm
and advanced 100 1879, but the range was
not large. The Fowlers were among the
chief operators, and bought May freely,
and the indications point toward
better prices. F=braary ranged at
S14. .7615@I4 6215, aud closed At $14.-
671@@146 50; May at $14. 971a @15.1273
and lclosed at $15.O715@15.l0- Lard
was offered rather spsringiy. The de-
mand was moderate and She feeling
stronger and closed at 21I@5o higher.
February sold at IS S89O@8.971I and closed
at S8.95@S9715; May at $92215 and
closed at $9.27@9.3O. Trading in Eother
futures was light. Short ribs advanced 10
and closed firm with a fair trade. Feb
ruary ranged at 81 74@77415, and
closed at the outside; May at S7.75@
7.7715. Other meats were quite, orders
being small and little disposition was
shown by packers to ship during the cold
weather. The light receipts of hogs,
1926 for the week, made it
difficult for packers to operate with any
degree of freedom, and the bulk of the
slaughtering the past week was by houses
who make specially of meats for the e1-
port trade. Very little pork was made,
but lard was produced quite freely. The
number of hogs (estimated) packed from