St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-23
Peanuts ........... u
Pecans. IL
Pickles.
Amone the Commission Mer.

Among the Commission Men.
The week just past has on the whole been a
triumphant one for the bulls and the market in
wheat was higher at the close yesterday than
it was a week ago and yet there is nothing in the
situation to make q bushel of wheat
to-day worth the fraction of q
cent more than it was last week,
and nothing to make May wheat worth more
than spot or April. Last week it was stated in
these columns that nothing short of an earth
quake could make wheat of more value; is it
not possible that this is another of the GLOBES
great prophecies? The earthquake has come,
and in England, too, where for some time past
the wheat market has been so depressed. Yes
terday May wheat in Chicago sold down to IS C.,
and at midday it shot mp to $3.50. Was it the
news of the earthquake, or that the visible sup
ply was reduced by a million of bushels? The
market at st. Paul has been completely broken
up by the irregular and unsettled state of things
in Chicago. The price given for No. 2 from farm
ers' wagons has been soc, and for No. l Sc, and
at these prices there has been q
delivery of about 5000 bushels TO
the mills. The railroad returns
show %, 900 bushels received and As, 900 bushels
shipped. Returns from the elevators show:
Receipts. Shipments.
400 bu. $4,000 bu.
MI. 1850 "
Darcy MI. MI.
Flax. ............... Nil. 1850 -
From these figures it would appear as if there
had been considerable sale of wheat, which,
however, is not the fact, the shipments as
shown above being from the elevator to the
mills of wheat held in store by the MiIlers' as
ISOLATION of Minneapolis. The ST. Paul mills
last week received II, 900 bushels, besides 1900
from farmers wagons. But to fully understand
the position Of wheat it is necessary to review
the flour trade which has been and still continues
to be very unsatisfactory. Reports from all
parts of the world represent the market to be
dull in the extreme and while flour sells no better
than it now does wheat Is not
going to improve much. Cablegrams
manufactured in New York, have been recently
indicating better feeling and advance of prices in
England; but privale advices from that country
are quite to the contrary; wheat is selling there
to-day at BIS. Sd per quarter, which is 51.11a
per bushel and it was only a day or two since
that a firm in Bristol wired that flour is not worth
there so much as i'll Minnesota by 30c. The mar
ket all over the world is glutted with flour;
manufacturers have produced more
that the world wants, and it is cheap
and slow. Manufacturers are still making more
and there is an immensely large surplus Of wheat
still waiting to be manufactured and must be-
come flour before it can be used for food. AS
flour only can wheat be regarded at its true value
and so regarding the present visible and invisible
supply in conjunction with the actual quantity
necessary to feed the world before next harvest,
and il soon becomes easy to estimate the intrin-
sic value Of wheat stripped of the fictitious
value placed upon it by option gamblers.
The crop prospects at the time being are most
favorable from all points. Wire worm has APP
peared in some localities in England, but private
information states that no material damage is an
As..--A- F. #Is- 1,n-n YpcTr N.uat
farmer in Sussex zone of the finest agricultural
counties in Englandj states that he never saw
wheat look more promising than il now does,
but all this may be changedi i'll afew days, and the
English crop may be a complete failure and even
then the English market is not going to be a
very great outlet forthe immense American sup
ply-unless America can sell her wheat cheaper
than all competitors, All the talk and argument
in the world won't change this fact-Europe will
buy at the cheapest market. There. has been a
steady local demand for Hour during the past
week but the eastern trade has been dull and
slow, without any inclination to buy beyond i'm
mediate wants and no speculative movement
has been observable. Foreign trade in flour has
been almost nil; shipments of -four from st.
Paul was only one-half Of what it was the pre-
vious week. There has been a good demand for
corn, with increased receipts Of seventy per cent.
over the former week; prices are unchanged.
There was a falling off of oats to one-half, and
all InaC came Ill went Qlr9CI 10 tue COnSuuner-
elevator receipts were nil; prices
were very firm but unchanged; barley receipts
were also lighter than the previous week bnt ap-
peared to be sufficient for the demand as no
drain was made upon the elevator stock. There
has been a good demand for ground feed at ad-
vance prices. Hay has been scarce and in de-
mand at remuneratiye figures. Months ago the
GLoBE showed that baled hay could not be profit
ably cured and shipped to this market
under $500 per ton and advised shippers to
hold their stocks and sell ''to arrive This plan
has now been adopted with good results, hay
being now worth from IS. 90 to S3.50 per ton.
Butter is to-day just where it was a week ago,
carefully made and sweet buffers meet with
ready sale, but these are comparatively scarce.
1t appears to be the plan of many shippers to dis
pose locally of the better qualities and ship such
only as are unstable expecting to get for
them the top market prices. But these
hang on hand till their strength increases to such
q degree that they are cleared out as grease;
5000 pounds of such butter was sold on the
board yesterday. And all this might be changed
with only a little care, Bacon and hams are still
uncertain and unsteady, as are also mess pork
and lard. Beans remain quiet with moder-
ate demand for choice, and all Others a mere
drug. Cheese Is easier, as new full
creams are coming into market.
Dressed meats are steady and quiet: no country
dressed is now shipped and if q carcass occasion
ally comes in it is looked Upon with suspicion.
Theirs are but q few butchers now hln1ling Kan
sas City meats, and, some of those who do, deny
it to their customers, so thoroughly awakened to
the danger of buying meat to which a suspicion
attaches has the public become that very few
people will bay Kansas dressed meat if they know
it. There is little or no sale for dressed hogs,
except an occasional one to o butcher for the
block; they may be quoted at 7M7%c. Fruits
are in good demand and prices firm; apples are
very scarce and high Florida oranges are nom
inal; Messinas are SOC higher; cranberries are
nominal; honey is a shade lower. Following are
prices current for round lots only:
BUTTER-Recelpts liberal; grease. SC; packing
stock off flavor, rose; dairy, common to fair, 10
@15c; choice roll and prints 16@1Sc; creamery,
28@32@37c.
~BEASs-commo, s1.65@1.s5; medium, $40
So. rs navy So. 500 2.65.
BACON AND HAMs-Long clears bacon, 10Ac;
dry salt 10c: shoulders. SAmQc. hang 49,