St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-07
SIS. Oo@15.25 per ton for bran, and relatively

SI5.OUC0l5.25 per ION lot Dran, anu Te4atIFely
for other kinds.
Milmine, Bodman 81 Co. say: ''There
seems TO be an improved demand for Hour
all around, the past few days, which is par
ticularly noticeable as regards Canada and
the winter wheat sections of this country,
and many argue that this local consumption
demand will become prominent bull argu-
ment in the near future, and liable to change
public sentiment to the bull side very
decidedly We think, however, after all it
said and done the advance we get, If any,
must come from an export demand Of suffi-
cient magnitude to materially reduce stocks
at centre of accumulation. We see nothing
in the general situation yet warranting ma
terial permanent improvement"
Crosby 81 Co. say: "Wheat was not weak
to-day, though it ranged lower. There was
no legitimate pressure, though it exhibited a
persistent manipulation to weaken and ena-
BILE a large local short to cover,
but was disappointed and able to buy
a small line only. The market was opened
down in this interest at 96c for May, to size
up the stop orders at that figure, and the
offerings were very light and much less than
anticipated. The trading was large and spec
ulative interest seems increasing as the day s
action represents very gamey market. On
the call it was subjected to a crucial
test and developed decided strength,
closing strong in cash at 9614@35c for
May"
Crittenden e. Harvey say: "Wheat opened
weak and lower to-day and has averaged
steady within a narrow range gradually
downward. The market within itself did not
appear remarkably weak, but corn was Woe
fully heavy and that feature seemed to have
a depressing effect on wheat buyers, and
they were holding off while the scalping ele-
ment were vigorously pounding prices. We
cannot see ANYTHING in the situation to en-
courage much buying. Prices are low and
wheat is very cheap, but the speculation
crowd here are almost to n man sellers, and
what few BUYERS there are left seemed to
have lost their courage waiting for
bull movement Wheat may sell lower, but
we believe if bought now and followed care
fully will eventually pay well. The market
closes easy.
AT the stock yards there were received
$500 cattle, against 1914 last Thursday, but
IS far the receipts are about the same as last
week. The market opened dull and weak
on shipping, dressed beef and export cattle.
Buyers seemed to take advantage of the
heavy receipts and to hold back. There
were a good many cattle carried over
last night, by some estimated as
high as 9, 900, which would make 5000 to
| 10, 900 on sale. Among those carried over
were many good shipping cattle, the holders
thinking they might have better show to-
day. In this it will be seen they were rather
disappointed, as there were as large num-
| Der of good cattle among fresh arrivals as
Yesterday. There was no change to note in
butcher stockers and feeders. Corn fed
Texan cattle are coming on the market in
good condition and selling at S5.6O@5.75,
averaging $50 to ZOO lbs. At these prices
they are paying out well for the breeders,
grazers and seeders are paying as high as
So. 25Q0S550, for young cattle averagin
1000 to 1,025.
The receipts of hogs were II 800, against
16, 345 last Thursday, and for the week there
are about 5000 less than for the same period
last week. At the opening there was quite a
squirt of activity, and the best heavy made a
slight advance, but later, when it was ascer-
tanned that Armour was not buyer, the de-
mand fell off, and prices weakened,
vet on an average are shade
firmer than yesterday. There
was fair order demand on shipping account
for the best heavy, but the demand for skips
and light was dull. and these sorts are again
aceumulating with the chances they will have
to sell lower.
Over $500 sheep came in against 3, 1879 last
Thursday, but for the week so far the arrivals
are 5000 to 1000 less than for the CORE
spending period last week The bulk of the
arrivals are western, which are selling,
| especially the BEST equally as good as last
week Common and medium natives are
plenty, and as they have to compete with the
best westerns they are selling
lower than this time last week. The
finished natives, fat clean and fine wooded,
are fully as high as at any time. They are
getting to be quite hampered. A building
seventy-cight feet square and two stories
high, suitable for holding fine stock sales is
about to be erected by the Stock Yards com
pany on part of the ground once used as
the track on the old Dexter park race course.
The company intends this building to fill all
the wants for such a mart. There will be
stalls and pens for the animals, and auction
eer stand, ring to display cattle, seats in
the form of amphitheater for the use of bid
ders and spectators, and arrangements tC
warm the building in cold weather.