St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-19


ropean markets comparatively bare of stocks
and European buyers, because of their recent
successes in compelling concessions of
American shippers, refuse to buy except from
hand to mouth, and with the spring wheat
crop not yet, despite the popular assumption
to the contrary, altogether out of peril.''
Corn was easier early in sympathy with
wheat, but frmed up later and closed steady
at slight advance. AS in wheat fuctua-
tions were within narrow range and there
was no heavy trading except one sale of 100,-
600 bushels to Baker by Schwartz, the aggre-
gate volume of business being very small.
Crop reports continue good. The govern
ment report for the 1st of August says that
corn shows the same per centage of condi-
ton as on July 1. This is better than any
August since 1880, and has only been ex-
ceeded three times in ten years-in 1875,
1879 and 1880. The market opened easier,
selling off quietly about 3s@15c, rallied sc,
sold off sc. then fuctuated frequently for
Septemb Der and October, within range of
9S@%c, and closed about steady at 5ONc
for September and 49c for October.
Oats were dull with no material change.
There was fair speculative trading in the
provision pit and values averaged lower.
The demand on shipping October was fair
but buyers were rather slow to meet the
views of sellers. Foreign markets showed
an advance of Sd in lard, and eastern mar
kets were without material change. There
was very little doing in pork, and prices
ruled steady on the near futures, but a shade
easier on the more deferred.
Lard was in fair demand and the offerings
were moderately large. September ranged
at 81. .7211a@7.S711a for September and closed
at s7.75 on the morning board, but in the
afternoon the feeling was weaker and the
close was at $7.60. October ranged at
$7.7219@7 .97A, closing at the lowest fig
ure.
Ribs were easier and trading was rather
light, Spectators not being inclined to do
much business. September opened at 5000,
went up to s10.32 and closed at the opening
urday. October ranged at $40. 1O@10. Is and
closed at s1O1211.
At least 5000 of the 5000 cattle on sale
were from Wyoming and Montana, and
among them were some of the best quality
ever marketed for so early in the season.
Good natives were scarce and sold as well as
on Saturday, the best making Sc. .50@S6.75
aud from that down according to quality.
Second class natives and grassy stock sold
10c@20c lower, as they had to compete with
good westerners, many droves of which were
much better than native grassers. Stockers
are scarce and selling at high figures. There
was fair number of stock calves on sale, but
the quality was rather inferior, some lots be-
ing of the poor, stunted, whey-fed sort, that
are dear at any price. There were probably
1000 Texans on sale and they sold 10c@15c
lower than on Saturday. A big run and
lower prices on all sorts are looked for this
week. New York was reported dull and
lower and there is little or no export de-
mand.
The hog market opened quiet with prices
about the same as on Saturday and spectators
the leading buyers, regulars holding off. The
first sales showed little or no variation from
Saturday, but toward noon, when the specu-
lators found they could not unload on the
packers except at lower prices than they paid
in the morning, values dropped strong 5@
10c, and the market closed weak at the de-
cline, with large number unsold. Sales at
$5.75@6.6 65 for light and s6@6.65 for heavy
The chances are, should the receipts con-
tinue as heavy as last week, that prices will
go considerably lower. For few weeks past
there has been a fair margin for packers but
the advance in hogs has cut that margin
down, hence the possibility of falling of
| in the demand.
Sheep were dull and prices 100000 lower
on common sorts, while the best just about
held their own as compared with last week.