St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-25

pounds, and closed comparatively steady at
SS.4719@8.50 for June and SS.60@S. .621l for
July.
Only moderate trade was reported in the
market for short ribs, and prices were 5010c
higher per 100 pounds. Tho demand for
shipment was moderate.
Trade in the cattle market opened rather
slow, orders came in late and the receipts
during the early hours looked as though they
were going to be very heavy, hence buyers
were in hurry to get out, and during this
part of the day few loads of fat cattle may
have sold shade lower than yesterday.
Later there was an improved demand, and
good fat cattle sold as well as yesterday.
There were but few loads of really prime,
the bulk of the fat stock being only of an
ordinary sort Butchers stock remains firm
in fact selling relatively higher than fat cattle.
Stockers and feeders also remain firm, being
held so high that many countrymen are re-
turning without buying.
The hog market opened and ruled active,
the bulk of the sales showing 5010c advance.
Spectators were the principal buyers, and
up to about noon they yet had the hogs, as
neither the big shippers nor packers had
orders on the market, There were nine
packers on the market yesterday and to-day
there were only four, but the packers and
shippers bought about 16, 600 yesterday, while
they bought hardly half that number to-day,
and at the close the spectators had rather
the worst Of it.
There was an actice demand for sheep and
a sharp upturn Of 10c per 100 pounds.
Mccormack, Kennett & Day say: FWe
still feel that the situation on wheat is strong
and that all our stock will be wanted before
the new rop is available. However, the adj
vance has been too rapid, and should any of
the big longs endeavor to unload sharp de-
cline would result. Conservative bulls say
July wheat will sell at 81 and even higher.
The long side of of June and July on breaks
we think will prove profitable
w. II. Mirror 81 Co. say: ''We may see
some decline from this advance in wheat
it looks, IS we have before predicted, like a
bull market, and tendency towards higher
prices. We incline to the belief that wheat
and oats particularly are a purchase on
breaks.''
Crosby & Co., say: sit is difficult to COM
ment on such market. Wheat is cheap, and
the speculative public believe in it. I'm
der such circumstances 315c bulge may not
strain the advance even temporarily, but it
has carried the market beyond the reach of
export ORDERS and at the close it rests wholly
on a speculative basis. The general feeling
is growing more bullist daily, and this feature
takes all offerings even though they he real
izatlons. We would suggest caution on such
bulges, and still think there will be many
opportunities to buy wheat on weak spots"
Milmine, Bodman q Co. say: ''The
boom seems fairly on now, and it looks as if
buying might become general, both local
and outside, and 1t looks as if the market
had sufficient force to carry values much
higher. We thi nix the foreign markets are
likely to get quite as much excited as ours
on this side. The shortage over there, they
say, is very heavy. We think that wheat will
do to buy now on all weak spots, and think
it very risky sale. The general situation
has not changed materially, but the public
sentiment among the speculative classes
is completely changed. Everybody is getting
bullish, and our advice to shorts would be to
get out at once, as it is likely to cost them
more the longer they hold off. We think the
shortage in the corn market here is very
heavy and believe the market is in condi
ton to be bulled easily should the shorts sus-
pect any deal being worked, and we shall not
be surprised if something of this kind hap
pens, as the whole business could be put into
a very moderate-sized pocket. We think it
quite as dangerous to be short of corn as
wheat, and believe it purchase on all soft
places"