St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-11

O'Clock Yesterday, but only 10@1215c lower
than last curb quotations. On call the ar
ticle went up sc, but May settled back 21lc
on curb transactions, while June remained
steady at the advance.
The cattle market continues active and
prices remain steady fully as strong as any
day this week and perhaps shade stronger.
There was good shipping, export and
dressed beef demand, and butchers stock
being rather scarce went off quick at a slight
advance. Stockers and feeders also sold
quick and at good prices. The general mar
ket is 15@25c higher than last week.
The small receipts of hogs, with an i'm
proved shipping and packing demand, caused
a sharp upturn of 1O@121lc on about all
grades, the market closing steady, with about
all sold
There were too many sheep on sale, and
under the heavy supply prices declined 800
25c, and at the decline there was fair busi-
ness, but the market closed weak, with large
number unsold. The great bulk on sale
were westerns, over sixty loads arriving on
two roads.
Milmine, Bodman 6 Co.. say: ''There is
no improvement in export demand that we
know of. Speculation will only hold the
market for few days. 1t may be that the
other side will come after our wheat, but we
incline to the opinion that our prices are still
too high to admit of liberal export move
ment, and this is what is needed to support
any large advance in prices. The weather is
all that could be desired for growing the
winter wheat crop, and allreports we get from
winter wheat sections say the crop is doing
finely, and pretty sooh this will crowd heavily
on the situation. The market is in
condition now to follow the lead of large
operators in either direction, is very
nervous and the shorts easily excited We
anticipate rapid market for some days to
come, and while risky to handle on either
side it will probably be safe to sell on bulges
or buy on the breaks, taking Nc, profits
either way. There is no use predicting
futures on such markets as these. Many be-
lieve the May deal already fixed for squeeze
when the proper time comes. We repeat
what we have often said before: 1T is
manipulated deal, to be avoided by product
operators -
Minor, Richards & Co. say: ssWe consider
corn safe to sell on fair advance from pres
ent prices"
Crosby & Co., say: "We have now had
nearly &c rally on wheat and the market
acts weak, with many bulls loaded up on the
bulge. There is local long interest in par
ticular that will not stand much grief if the
markets weaken. The crowd has been in
sympathy with the strength heretofore, sbut
to-day it sold out and is now working bear
ish. The outside buying was in the aggre
gate much less, and the market seems in
condition to require active support. We
doubt if it receives it, and the outlook is
lowern
Crittenden g. Harvey say: "We think
some Of the best parties here are working on
the long side of our wheat market, but we
are inclined to think from their movements
they do not want the market to advance rap
idly but the shorts are exceedingly sensitive,
and the low prices make the majority of them
feel very uneasy, and with a little pressure
we are liable to get a further. advance.
We would work cautiously, and
buy some day when all want
to sell, and at a decline.
We haven't lost faith in corn, and believe
the time is coming when we shall see better
prices, and the sanguine seller of to-day will
come to the front as an anxious buyer very
soon, unless all signs fail. There is no use
giving any opinion on provisions. The
- Ill i
packers and values are regulated to please
their inclinations. We think outsiders had
better let it alone and work in grain -