St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-01-01

weak There was not much big trading to-
day, hardly any in fact. and traders were on
all sides Of the market. Forinstance, Hamill
& Brine, who as representatives of Ed Cot
trell, are cutting figure on this advance.
They we're sellers at the opening, but buyers
later, and Abe Poole, who last night wrote q
bear circular and was selling at the opening,
was also buying later.
There is q great ado" said Robert Lind
blom, ''over the 4S, 900, 900 bushel visible
supply. The people who enlarge upon these
figures are not aware that twenty points are
now taken in these statistics where ten years
ago not ten points were figured upon. They
do not know that within the last twelve
months 6000, 600 bushels In the northwest
at Minneapolis and St. Paul were added to
the visible supply, which was not at all con-
sidered before that. The fact is that the yis-
ib,e supply between Chicago and London is
10, o0O, 900 bushels smaller than 1t was last
year, and, while there is a vast deal Of grain
sight here, and in the northwest, it is
partly because new points have been added,
and because farmers have been urged by
damphool newspapers to sell all their wheat" "
THE large miscellaneous buying during
the past few days. said A. ". Wright, ''has
widely scattered holdings, and any adverse
influence Of pronounced character would
be likely to cause break. 1t looks as though
IA reaction would occur ere further large
advance is established, but l think that
purchases made on sharp breaks would prove
profitable"
Mimine 65 Bodman say: 'The boom
seems to he losing its force, and a little de-
termined selling will likely shove the market
back into the old rut again. We have not
had much faith in this bulge, and we still
think the general situation does not warrant
any material advance in values at present.
The export demand seems TO be on the ad-
vance,
Nearly all the large operators are now out
of the long DEAL" said Everingham, ''and
book their wheat at lower prices. If they
succeed, and think they will, would ad-
wise buying at the decline, but, if the decline
does not come by Saturday, think the bull
movement will continue, and l advise pur-
chases at the then ruling prices.''
The corn market has again been quiet
one and prices have been depressed little
by the selling out Of corn which had been
held in expectation of corner in year and
also by the selling out of January in antici-
patton Of free deliveries on the first business
day of the year. Receipts have also been
heavier the last few days, and added to the
weight on the market. In spite Of all this,
however, the decline is only &c on January
aud sc on May. The former option opened
at yesterdays close, So &c, got down to 341Gc
and closed at Sage. May ,opened &c
higher at 3S14c and settled to close of 37s<c.
Year opened at 354c, went up so 35s5c,
down to 94I<c and closed the same as Janu-
ary.
The provision market opened active and
stronger, the weather being more favorable
for packing, and clusing an improved de-
mand for hogs, of which the receipts were
lighter. This reacted on the provision mar
ket and February pork opened 121Ec higher
and advanced another l21{c to Sl1.2j, but
lost some Of its strength later and closed
l7Ilc above yesterday at $ll.17L, while
January closed at an equal advance, the last
figures being s1l.0715. Lard opened and
closed 71lc higher at S6.72 for february. and
sC.e2 for January, :he range being confined
70 aye either way. Ribs scored an advance
Of 15c and closed at the highest point Of the
day, s5721l for January and 1915 for Feb
ruary.
''The speculative trade" said habitue Of
the pork crowd, sis larger than it was, but
still altogether local aud consequently likely
10 fat out any moment. 1t is hoped and ex-
pecIed that after January the outsiders will
Be here in large numbers"
At the stock yards the receipts Of cattle
were light and the market active TO the ex-
tent Of the supply, with an advance of 100
15c per hundred pounds, making an advance
Of about 25e this week in the best shipping
aud dressed beef stock. The hog marke,
was ilso active, with an advance of a siren
l0c per 100 on packing and shipping sorts.
The best sold up TO 81. .4O@4 80, and good to
choice mixed at sL250i35, aud common
down to S41O0l.l5. The quality generally
was prime. Official figures show that there
were received at tle stock yards for the year
ending lasI night l,Sl4,06O head Of cattle,
SO, 2S9 calves, 5,39O,17s hogs, sol, ,4O2 sheep
and IS, 54s horses. The total number Of cars
Of stock received was 1S5, 73O.