St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-16

day, and light steers that last week sold Tor
S5.40@S5.60 sold to-day at $5.20@S5.30
Common and medium cows and bulls are
20@25c lower than last week, while stockers
and feeders may be quoted 25@50c lower.
There has been a good demand and prices on
all descriptions are yet considered in favor Of
the grower.
Receipts of hogs to-day were 1900 against
6,212 last Saturday. The market was rather
brisk for Saturday. There was a good many
orders on shipping account and the packers
seemed to want good many. Prices were
firmer. Skips and light-light sold at $50
(06.2O; assorted light, s6.1O@6.75 and pack
ers and shippers $6.50@7.40.
There were 10, $40 sheep on the market the
past week but only 500 to-day. The demand
is fair and the pens were easily cleared. The
market closed steady at a decline of 15@25c
from the opening prices of the week: Com
mon, S3.85@4.25; Medina, S4.25@4.50
choice, S5@5.75; extr2s, S6@6.15.
A. NJ. Wright & Co. say: 'In reviewing
the position of the wheat market ON the basis
of supply and demand we call attention to
the fact that the stocks of wheat at the sea-
board are being more rapidly reduced than at
any preceding time since last years. crop
commenced to move to market freely. The
exports from New York the current week
were $1,000 bushels against $4,000 the
preceding week. The fact that export orders
are now being filed here shows that the
western reserves are likewise being drawn
upon to meet the foreign demand. An analy-
sis of the statistical situation further shows
that the available supplies including stocks
at the chief points of accumulation east of
the Rocky mountains and afoat on the ocean
for the United Kingdom and continental
Europe are little, if any above the average
at this date during the past few years, the
largest supplies in former periods being on
passage to Europe whereas they are now in
our granaries. A comparison of the
former stocks shows that only $4,000, 900
bushels are now in transit on the ocean to
Europe from all countries, against 90, 440, 900
bushels at the corresponding date last year,
81, 120, 900 in 1882 and "a, 100000 in 1881.
Another and favoring feature is the large ex-
port demand for -four at this and other west
ern markets, the takings here for European
account since yesterday morning being over
$4,000 bags, and some buyers complain that
they are unable to fill orders on account of the
meagerness of stock, the northwestern mill
ers all being sold ahead"
Lindblom says: "The export demand of
yesterday was to great extent experiments
and to-day's offers ara fully &c below the
market, without transactions. We under
stand that good many charges were waived
in order to sell the four boat loads yesterday.
European millers who buy our No. 2 hard
wheat, thinking they are getting
what the Minnesota millers get
will soon find their mistake. 1t
is very little better than regular No. 2. The
seeding of spring wheat in southern Ne
braska is progressing rapidly and will soon
be general. No more bad crop reports are at
hand. Corn ruled firm all day. Nearly every
body is getting long and as the short interest
is very small it is hard to get it up much.
Corn in Baltimore and New York is much
cheaper than here and in Liverpool it is sc
cheaper than here. This does not look vel
for May purchasers when freights will be
much higher than now. With fine weather
the inspection of corn will improve"
Shepard & Peacock say: "The export
demand for wheat does not come in good
form, though some small sales are reported
here and there. Still the trade is not in
clined to increase its line of shorts and the
average operator would prefer to see an adj
vance which would help business and give
more certainly to profit in sales. Corn longs
are inclined to realize, and the tendency is
towards an easier market and we rather ex-
pect break next week.''
Crosby & Co. say: "We rather expeetiito
see the monotony of the market broken the
coming week. The warm weather that is pre-
vailing in the southwest should develop the
live condition of the growing wheat and es-
tablish beyond doubt the question of damage.
This point is being closely watched by prom
inent local operators, and upon the nature of
the reports the coming week we are inclined
to think they will act. The weather now
is pleasant throughout the west without being
unreasonably warm, but the snow has pretty
generally disappeared from the winter wheat
country, and the plant is left unprotected to
any unfavorable combinations of weather.