Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-02-05

Nothing shows better how the coun-
try is headed; nothing better how
to make money if professionals are to be
believed for they say that the country al
ways ia wrong. One hundred and eight cars
of wheat we're received to-day. On cali trad
ing was quiet. May pork stopped at
$174215; May lard at 1915; May wheat
at 918@994c; May corn at 5815@58%c;
May oats 371S@374c. Robert Warren
bought largely, taking 250,000 bushels at
split and biddinQ for more. Jones led the
market for 100000 bushels June oats with
out finding taker. Among the buyers of
wheat were Brega, Wallace and Lindblom
The latter bid the market for 100000
bushels of May, without getting it. At tie
close everything was easy and prices a
fraction lower on curb. The receipts of
cattle to-day were nearly 1000 less than
last Monday. The market is active con-
sidering the small supply on sale, and
prices ruled as firm, if not higher, than on
Saturday. But few lots that could be
called finished or prime were received, and
few lots OF really good, and there were
good many coarse, bony and com
mon that averaged he2vy but
did not have 1h5 flesh on their
bones, yet buyers had TO take what
was offered or go without. About all lots
would answer for shipping or dressed
trade were sold at an early hour. The
market closed steady. Butchers and can
ners' stock was in fair demand and steady.
There were but few stockers on saIe, and
Jet few buyers, yet they were held as high
as last week. Receipts of hogs amounted
to 300 to day. The quality was the poor
est for many days, and poorer than on
any day last week. The general market
wes 10 to 20 cents higher than Satur-
day, though the highest price paid
was no more than on Saturday. The ad
vance was on medium and common mixed
and on assorted light, yet common light
made considerably higher prices than on
Saturday. Shippers that wanted to make
sorts could not get the quality they desired
and hence these sorts don't show up in the
general advance. A good lot of PhiIadel-
phias would have sold for 81 had they been
on the market. Nearly all were sold, the
receipts being equally divided between
shippers and packers, specu-
lators buying sparingly. Receipts
of sheep heavy being 1,0t0 more
than last Monday. Trade over, prices
tended lower. Hollis & Mayo, one of the
most extensive shipping firms, are out of
the market, having orders not to buy, as
eastern markets are being furnished from
the home supply. Can hardly give salts
factory and intelligent quotations, SO ir-
regular are the sales. 1t Is safe to say
that should receipts show up as large as
last week, prices will fall 50@75c per 100
pounds.
Coates Bro'a, of Philadelphia, say in
their circular: 'The long continued quiet
state of trade is affecting values. Choice
high grade fleece and desirable combing
wools hold up fairly well, but other de-
scriptions are weakening, and to effect
considerable sales lower prices will have
to be accepted. 1t is conceded that there
is very little wool in country hands and
the stock in eastern markets is not ex
cessive, so that with fair trade it is esti-
mated that there will be no surplus at the
end of the season, but as spring ap-
proaches holders will be more oesirous of
closing out ventures. Manufacturers gen
orally are 80 discouraged at the slow sale
of their product that they are not free
buyers of raw material. They are not now
interested to see wool decline in value, as
this means hut further depreciation of
their stock of manufactured goods. Money
Is very abundant, labor is fairly we'll en-
ployed, values of all staples and products
are ruling very low, but there
is general disinclination to
speculate in chances of future.
This may be partly due to the agitation of
the tariff question and partly to over
production that was induced by former
prosperous years. If there is no adverse
legislation the natural growth of the coun
try, stimuleted by the present low prices,
must before long absorb the excess Of
manufactured goods and make better
market for wool.
Chicago Financial.