Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-01-22

continues below the standard of good shin.
ping and export grades, and while this
class has been readily taken at fair prices
as compared to last week, other classes
have suffered decline of 2O@ 4Oc, and il
| seems as though feeders were determined
to see how soon they can get rid of this
stock regardless of quality or
price, creating something of q
panic among dealers in the lower grades
OF light fresh stock,and although prices are
about 25c per 100 higher than last wear.
the supply and quality almost duplicates
the corresponding week one year ago.
There has been general depreciation in
all classes CT product as the cry of short
crops began to subs1de, and it is now quite
certain there will not be a
famine In anything this year. There is a
good cause for reaction IN the trade, yet
we still hold to the fact that good fat
stock will sell considerably higher than
last year,
Spectators opened the market this
morning, the first rates showing a sharp
advance. In the Burlington division they
generally out bid packers for best heavy.
In the Northwestern division the packers
bought the bulk of the hogs. For some
reason, only known to themselves, the
speculators were holding off in that
division during the morning.
Receipts were between 1900 and $4,000
less than last Monday. Under light run
the market opened with sharp advance
of 10c on the best heavy and best assorted
light, with speculators the principal buy
ers at the opening. Later packers bought
freely and perhaps finally got their share of
the fresh receipts yet both packers and
shippers we're compelled to buy of specu-
lators il order to gst anything like
the number they wsntsd. About 10000
were on sale. Receipts about the same as
On last Monday, much to the surprise of
many. The best sort of sheep sold
higher than on Saturday. Among the
sales were 105 western at an average of
81 pounds and sold for $4.871a; a choice
lotof nearly pure Cotswoids, large per
cent. of wethers and lambs, 81 in all, aver
aging 40 pounds, at S575 The salesman
selling the latter declared he could only
get So 25 bid for this lot on Friday and
Saturday.
According to private adyices received by
w, 7. Baker g Co, of this city, tho winter
wheat crop maintains very high average,
and, with the exception OF few points in
southern Illinois. New York and Tennes-
see, is doing as well as could be expected
at this season OF tho year. In Kentucky
and Tennessee the ground is quite bare of
Snow, but north Of the OHIO river, from
Kansas to Ohio, the wheat, as a general
thing, is we'll covered. The crop, however,
was generally sown late, and in many
quarters fears are entertained of its final
outcome.
Reports received by tbs same house in
regard to hogs end corn are little unsat-
isfactory. In Illinois tho hogs are evil
IDENTIFY being held back by farmers to con-
sumo their soft eorn,which is in large sup
ply, while in Iowa The advices are that
hogs are we'll marketed aud hat prospects
are poor for a spring run. The corn re-
ports received are 10 ihe effect that in Il
linois larger shipments than usual are be-
ing made to points in the northern portion
of the state for consum ptiou; that in Ne
braska the crop does not improve upon
acquaintance, and will not come up to ex-
pectations, and that in Kansas 35c per
bushel was being paid by dealers in the
southwestern part of the state, and that
farmers were slow to sell at anything IN
der 40c. The percsntage of soft and low
grade corn throughout the west was repre-
sented as large. Wisconsin and Michigan
are reported TO be large buyers of corn.