St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-04
BULLS WERE MASTERS
Provision Prices on Chicago
Change Still Mounting
SkyWard.
The Warrants for Cudahy and
Is Wright Without Any
Effect.
.sSI
81
Cereals Closed a Shade Above
Saturdays Final Quo
~ tationS.
SCI
Free Buying on Wall Street
Sends Stock Values
$50 Higher.

CHICAGO Oct. 3.-In provisions particu-
larry the bulls were masters today. The Oc-
tober ribs and lard deals were running at the
old stand Notwithstanding the efforts of a
mysterious stranger to transfer them to a
Justice court. Compared with Saturday night
october deliveries this evening showed ad-
vances OF 17lsc for pork, 15c for ribs and 7lAc
for lard. The grain markets all closed with
slight gains.
The most important matter brought to the
attention of the provision trade was the
heavy difference between the stocks CT short
ribs on Oct. 1, as officially reported and the
estimates made by the packers in advance.
They amounted to nearly 3l000.0j0 pounds
as against previous outside estimates of "a
0U9O pounds. That matter was almost as
much of a.puzZle as the identity of the midi
yIoual named Rousch who seeks 10 have
Wright and Cudahy arrested for running d
corner. IL was circulated by some of the ex
perts on the floor that taking The receipts
and shipments of hog meats for the month,
and the receipts and shipments of hogs, the
published stocks showed more meat in store
by some 30000o0O pounds than could be made
from the hogs slaughtered
The stocks reported on hand indicated
smaller supplies of mess pork than generally
expected, while the quantity of lard was
about as anticipated. II was expected that
the large stocks OF. short ribs sides would
cause break in the market, and this en-
couraged the offering of other speculative
articles rather freely at the opening. Tenn
porarily pr ces ruled slightly lower. but it
was demonstrated that u good inquiry pre-
vailed and a decidedly stronger feeling was
developed. Shorts bought moderately and
prices advanced on some of the leading
articles. though outside figures were not sup
ported 10 the close
W lille there was good deal i'll the wheat
market which was regarded as bearsh, there
were other considerations which held the
market frm and shade higher, but The
trade was not very active. The local receipts
were very heavy-S33 cars. where 751 were
estimated-and the deliveries in the North
west were heavy. being LOCI cars at Mime
apols and S6l cars at Duluth,-or 1,92a cars in
ALL In addition to this. The trade was gen
orally looking for an increase of 100000 Blu
in the visible supply. But there was good
local buying. Comstock. Mitchell and other
leaders doing a good business. and there
were free buying orders from New York.
There was also decided strength in corn
and oats and firmness in the provi-
sion pits, all of which served to
give the trade more confidence. Later. when
the returns were all in and it was found that
the visible supply bad increased less than
S.O02,OOo blu, and that the heavy local receipts
were due TO Sunday inspection of the prin-
cipal roads. the market received additional
strength. The market turned weaker during
the last hour on realizing sales, and prices re.
turnnd to The opening figures, which were
shade above the final quotations SATURDAY.
In corn the initial trades were the same to
Aci under the final figures of Saturday,
but under an improved demand. especially
for December, the market advanced, with
but little reaction, SsGlS4c, receGed L2c later.
changed some, ruled steady and closed with
shade advance. The price was helped by
the Beerbohm figures. purporting to show
that the European supplies are gone. and
that Europe will require g0N00G bu this
month from this side.
The oats trade, after rather easy opening.
developed good coAe ing by shorts, and
prices advanced l2l5sc. but, as other grains
weakened, oats sympathized, and the close
was easy with most of the decline lost
There was good demand for vessel room.
and rates TO Buffalo advanced Ac to Pig for
wheat, 2Hc for corn and 2l2c for flax EST
mated receipts for tomorrow: Wheat 6!5
cars: corn so cars; oats, 420 cars: hogs, u.s.
0o0 head