St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-18
good prfces-one lot making Sc. .so-the high

good prices-one lot making S6.S0-the high
est price for the week so far.
curious feature of the market is the
sharp demand for light cattle from the dressed
beef dealers, they paying high prices for stock
averaging under 1000 pounds and as low as
500. There is also an extraordinary demand
for lighter young cattle for grazing and feed
ing, and even calves being high figures.
The hog market opened to-day with 10000
to q, 900 on sale, much greater number
than could be disposed Of There were more
buyers than yesterday, yet after few early
sales at steady prices the demand seemed to
fall away, the market closing very dull, with
not half the offerings sold when this report
was closed, and prices fully 10c lower than
yesterday.
The sheep market was about as lifeless as
can be imagined. The pens were full of good
stock, bnt there were no buyers unless at
ruinously low prices, and the few sales dur
ing the morning show decline of 30@40c as
compared with the highest price of last week,
and 10@15c lower than yesterday.
Milmine, Bodman s. Co. say: eve think
this boom will be reflected in better cables to-
morrow, and this bulge strength mean more
than an ordinary bulge, and we suspect it
may be the beginning of a material specula-
tive advance. We expect now to see the
country taking hold on the buying side, and,
If they should do so, the markets are likely
to be bulled strongly. We repeat now what
we have said in these letters for the last few
days, that in the present condition OF the
market and the feeling of the crowd,
it is dangerous to be short, as there
is no telling what bull movement might
lead to, beginning at these very low figures.
The advance will need support from the
other side to hold the advance, but We shall
expect the advance here to bring US better
cables and an increased export demand, but
after all there is very little in guessing what
may happen when values are controlled
wholly by speculation as they are now. We
think it safe to say that it is a market that
shonld not be fought persistently either way
and operators should take small profits and
| sail close to the shore.'
Crosby & Co. say: "The tendency of
wheat still seems higher, but to-day's adj
vance brought out so much long stuff that
we read the scalping outlook as lower. The
weather promises fine and foreign markets
are easier.'
Crittenden & Harvey say: ''We think the
advance due largely to shorts covering, and
while prices are low, still when the market
gets evened up in speculative way there is
little in the situation to give encouragement
to buy on. We are believers in wheat but
would only buy declines. The local feeling
seems generally hardening, and the best
parties here are working on the buyer side.
Corn-We think there is very large short
interest in corn here and believe the market
is in shape to advance materially in case the
weather should prove unreasonable or any
good party should come in as pronounced
buyer. 1t seems to us that there is merit in
corn at current prices, but perhaps the best
policy is pursue is to buy on days when no.
body else wants the stuff. We believe val
ues in the provision market will be varied
lower, but the condition of the market pre-
vents conservative traders from selling
short.''