St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-01-12

S12.671S May, sold at S12.75, and receded
under continuous selling pressure to $12 %
and closed at sig. 30(@12 321S. Lard was
freely offered, the demand was chiefly to
cover shorts, and prices receded zoe and
closed at about the lowest figures of the ses-
sion. opening at S7O71l@7.1O March, clos
ing at $500 bid. Short rib and sides were
less freely called for, and declined zoe to
Sc. 05, and closed at So 05 bid March.
The Daily Commercial Bulletin says this
evening in reviewing the provisions market
for the week: An unusually active specula-
tive business was transacted on the market
for hog products, but the feeling was nervous
and unsettlea throughout, and prices fluctu-
ated frequently, and sometimes within quite
range. Shorts purchased rather freely
during the early part of the week, owing to
the strength developed in the hoy market,
and prices were advanced quite rapidly on
all the leading descriptions. The upward
tendency in the hog market encouraged more
liberal arrivals and prices weakened again,
which had an unfavorable influence on the
market for the product. The estimate of the
Cincinnati Price Current of the winter pack
ing, showing an increase of about 200. 900
hogs for the season, also encourages rather
more liberal offerings of the product, espe-
cially of the more deferred deliveries. The
shipping inquiry was rather limited early
in the week, but towards the close more ac-
tivity was noticeable, especially in picked
meats and shorts rib sides. Tie packing at
this point is now about 150,000 hogs in ex-
cess Of the returns OF last season to date,
and It's expected that it will gradually en-
large to the close of the season. An in
crease in the packingof the west of / ZOO, 600
hogs, and per cent. additional in weight is
equal to an increase of $4,000 pounds of
the product. The receipts of the product for
the week were moderately large, and the
shipments of all kinds liberal and widely
distributed. There was considerable product
forwarded which had been accepted ON prev
iously made contracts. The market closed
rather steady at medium figures of the week.
The foreign demand for hog products was
only fair during the past week, and very few
orders were provided for, owing to the differ
ence in the views of buyers and sellers.
Fancy cuts of bacon were in some
demand in the way of filing small orders,
but trading was light. Transactions in lard
were limited, owing to the advance in prices.
Advices from Liverpool indicated an easy
feeling early, out toward the close an adj
vance of 6@9d in lard, 1s@ls Sd in bacon
was reported. The stocks in Liverpool were
fair for the season of the year. Continental
markets were quiet and steadier. but buyers
unwilling to pay any advance in prices. The
export movement continues fairly liberal and
a good proportion consists of the product ac-
cepted on previously made contracts, or con-
signed to established agencies.
The domestic inquiry for hog products was
moderate during the week just closed. The
offerings were not very large, and buyers
were slow 20 meet the views of sellers. Or
ders from the south were only fair, but the
shipments of the product in that direction
was quite liberal, indicating that some of the
property accepted on previously made con-
tracts was transferred TO distributing points,
particularly mess pork ana short rib sides.
The orders from New England markets were
fair and included some contracts for hams
and shoulders for future delivery, while the
inquiry from the distributing markets OF
the middle states was somewhat limited The
demand from the Pacific coast markets was
meagre and almost exclusively for special
articles. Light weight meats and lard trad
ing with Canadian markets and the lumber
districts was comparatively light, the upward
tendency in prices checking business.
At the stock yards there were liberal re-
ceipts of hogs, which, with those left last
night, would make the number on sale equal
to So. 900 or 10000. Prices were 3 to 10
cents lower on packing sorts, and 10 to 10
ceuts lower on assorted light. Receipts for
the week about 245, 00O and for next week
about that number is looked for.
The cattle market was active to the extent
Of the supply, which was light, and values on
nearly all sorts ruled higher. Receipts of
cattle for the week, Al, 500, and of sheep
5000, making 9l3, 800 food animals re-
ceived and distributed for the week. The
live stock trade is in a healthy condition.
and prices paid leave a good margin for the
producer