St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-12
surprised if it leaves off dull, and probably

surprised if it leaves off dull, and probably
declines again. No crop rumors were motto
able to-day. We expect to hear OF some
damage when the thaw-out comes, but don't
think the damage so very
heavy. We think there was
some large purchases to-day on eastern ac-
count to cover shorts. There were more out
side buying orders for corn than wheat al
though one large lot was sold out for eastern
account that was bought yesterday. Trading
was heavy throughout and We think the prin-
cipal buyers were the large local operators,
who were heavily short and who fear break
ing up Of the wagon roads west will be fol-
lowed by a sharp falling off in receipts
and cause a scare and boom in
the market. We have much more
faith in corn than wheat at present prices.
The government report of stocks and surplus
published this morning has had the effect,
no doubt, to scare many shorts into COW
ering. The advance to-day is mainly specu-
lative and due to local crosses chiefly, and
those kind of furries are to be expected
when the whole deal is so entirely outside of
our legitimat influence like supply and de-
mand.''
Crittenden & Harvey say: "Wheat acts as
if it might do better, but we would not buy
unless we could get decline, and If values
were pushed would not hesitate to buy on a
short market for turn. We can see moth
ing in the situation to sell corn on. Our
supplies have come forward literally this
year, because of the poor condition of the
crop, and the refusal of commission mcr-
chants to advance money for cribbing pur-
poses, as has been the custom in former
years, and with no cribbed corn to speak
of we expect soon to see decided falling off
in receipts and as soon as the weather gets
warm shall have q better demand for the No.
2 corn in store, we advise no shorts sales OF
provisions. but would wait for good decline
before buying any. Prices will probably be
eventually worked great deal higher but
we not believe the milking process over yet.
The market will not go up to stay until the
leaders are steady for the movement
A. NJ. Wright & Co. say ''Steady increase
in the export demand of wheat and flour,
coupled with advices from Europe that the
consumption of wheat in the United King
dom and continent during February exceed
ed the imports and home deliveries A, 200, 600
bushels, in connection with the reduction Of
the visible supply during the last week Of
547, 900 bushels should, we think, have a
marked influence on prices in the near fu-
ture.''
The receipts of cattle to-day were 1000.
The feeling was quiet, the light run making
buyers think that it was not worth while en-
tering the market. Good shipping and
dressed beef cattle were steadier in slight
advance, but Gamers and butchers stock re-
mained the same. Stockers and feeders were
dull and sold at 25@5Oc lower then last
week.
The receipts of hogs were $1,000, against
5000 one week ago. There was less desire
on the part of shippers and packers to take
hold, and the market was dull, weak and 10c
lower on all grades, sales ranging at $4,000
6.75 for light; $6.35@7.50 for packing and
shipping grades, and $4,000. Is for skips.
The arrivals of sheep to-day were s, 500 and
the demand light, shippers not buying as
their last week purchases lost them money.
The bidding was weak and prices 10@15c
lower than yesterday and 2O@25c below those
of one week ago.
The export demand for flour continues fair
but is confined to few houses. Five thou
sand of good spring extras in one lot and
another lot of 1000 sacks of low grade were
taken to-day on p. t. from millers in the
nnrtbIvact Thara oil C00 oil
chased at $3.50, 50 and 1926. The feeling
among dealers here is steady, with only mod
rate stocks.