St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-01
next thirty DAYS. but this is all we can con

next thirty days, but this is all we can con-
cede to the bull side.'
Driver received terrible bear dispatch
from Fraley of st. Louis which ran that the
balance of trade was against US; that wheat
would go to 9Oc. sure and perhaps to SIC. and
that corn would 90 lower than any ''bear"
could ever dream Of, etc. Some
were thoughtless enough to ascrbe
the stronger feeling on the curb to these st.
Louis prophecies.
Mflmine, Bodman & Co. say in their cir
cular tonight: ''The milling demand in
Ohio and Indiana is getting quite urgent
now, and local shippers fndinggood markets
at home at prices SOLO per ccent. higher
than can be realized by shipping to regular
markets, and it is quite generally believed
now that interior mills must soon draw their
supplies from stores at centre of accumula-
ton. But this same talk has been current
for sixty days, and is still a conjectured and
far fetched bull argument"
Shepard 81 Peacock say: "Until this
market shows greater induccment we appre
bend outside speculation will continue in its
lethargic state.'
Crittenden & Harvey say: ''We would
rather buy wheat at these prices than sell it,
as the short interest is large and growing
less confident owing to the steadiness of the
market.''
Mccormick, Kennedy & Day say: ''We
advise buying wheat for the present on every
little break"
The -four market was very slow and quiet.
Shippers are not buying, and local jobbers
are merely buying an occasional lot.
The feeling is steady, and former prices
adhered to; spring wheat -four
sold at S5.OO(05.5O; good to choice soft
spring wheat, S4.OOCQ45O, and Minnesota
bakers, at $4.5O@5.25. Patents ranged at
S5.5O@G.25, and some brands were held
higher. Low grades are quotable at $4,000
1926; rye -four, $3.O0GD3.30; buckwheat -four,
dull at $500 per barrel for choice.
Receipts of cattle at the yards to-day foot
up 5000, or about the same number as last
Friday, but there is an increase so far Of
about 600, as compared with the correspond
ing period last week. The market is under
light receipts here and in st.
Louis, and a better demand in New York,
opened active with an advance of 10(Gl5c on
shipping and dressed beef cattle, making
the advance as compared with Wednesday,
the lowest day this week, equal to 1502Oc.
Estimated receipts of hogs for the day were
10, 500, or 5000 less than last friday, and
for the week so far about $4,000 less than
for corresponding period last week. The
market again opened dull and weak, the first
sales showing another decline of 5010c with
but few regular buyers and no spectators
on the market. One of the packing firms
was buying lights and slips for
the first time this season. Rough
packing hogs sold at $6.35@65O;
fair to good at S66O@$6.75 shippers at
Sc. SO@6. 90; and best heavy at &7G17.15. A
few Philadelphia made $7.25Gl74O.
Receipts of sheep for the day were 5000, or
800 to 900 more than last Friday, while for
the week the increase is about 5000 over the
corresponding period last week. The market
is fairly active at steady range of price, in
fact few loads of best made a shade more
money. Some western that had been held
here for several days, for which at one time
salesmen could not get over 1915 or $50,
were to-day sold for $500. The general mar
ket is steady and prices firm.