The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-24

oltL
ottlouSh the decline has been serious there
- noC "dIlung indications of the PRESENCE
80 d Iailying power in the market, which
MHen the prolonged period Of sumTnerIfIre
Wcatner comes to an end will probably make
atseH IeIt The low prices have modified the
now OF new native wheat, which fact. TO-
! Tarpe re Grtn moderate visible" and the
%%t5e Ieuuctlons IN the ratio of the worlds
en- t'llents, AFFORDS ground fer the hope Of
SoLe good buying in the coming weeks
ronI me OUTLOOK Is lndisputabIy critical. and
/ requires all the watchful Consideration and
5Sa8aclous Judgment which can be brought tn
o &c upon II; put low stocks and the return
W co-uer weather, with the large increase of
consumption thereupon must cersainI,, lead
| 70 d period of more active demand and tbo
| I ueEeIopnent of the speculative interest now
IaIstIy held IN allegiance by the difficulty and
uncertainty CT the situation
me sensitive condition of the market 10 IN
~ oNtI uegree Que to the lack of knowledge as
10 the dimensions of the unknowabIe residue
~ - ne various reserves. which are never sub
Ject 10 regular estiIhatfCn 1t seems prob9hie
anu some hold the opinion, that during the
iset campaign these hidden reserves were
neaE!iy Drawn upon, but to what extent in
1eIat!on 20 the whole, it is impossible TO de-
termlne. as the trade settles down tn fba
! work CT the cereal year there will be ten
oGncy 10 repienish stocks seen and unseen
| which will absorb some Of the new wheat
| everywhere, relieving the pressure uDon fine
market and steadying or lifting value.
BEERBOHM WHEAT REVIEW
in
viewing the wheat trade, says: The big shin
! H1elts TO Europe last week, especially from
44lIefIcf' nave taken much Of the lift out of
me tIdcs ana some of its confidence As a
ni@CteF Oh fact, however, there is very LITTLE
II any Dressuer to sell wheat from nv onar-
Yer, and the heavy shipments of last week
/ were obviously required for immediate con
sumption, for we find that the total stC1c1,e 81
wheat and -four in all United Kirgdono 49,, -.
on oct. did not exceed 900 900 Quarters in
t tta Tess IMAM 100000 quarters in wheat
T TIg t e 4S being in the shape of flour
! MS IS Che hrSt time for many years that less
tnan LCO00O0 quarters has been held in frst
IaMoS IN Chls country, although the round
ll 6 mas been touched several times.
OUT usual monthly return of the worlds
i Visible supply of wheat and -four shows an
| increase during the month of only about
tE' T,on;o quarters, almost entirely on the
american side, as COMPARED with an incraoca
OF nearly 100000, quarters last Sentannb ~10
ana about 2,GG0 600 in September, 1896,
THE LIVE STOCK MARKET
Inc receipts at the Union stockyards. South
ST. Pau, for the week ending Oct. %, were.
cattle 1888; calves, 1,757; hogs, $50; sheen
-o,oo4' Inc number of cars received was
o94' against 843 the week previous. showing-a
decrease in the number Of cars of 249
| The receipts of live stock for the v-aolr on5
ing oct. 10 were: Cattle, 9647; calves. 386.
moss 0,I96; sheep, 30,7 These figures show
oscIlne IN cattle of 379; calves, 629; sheen.
4'4Zo' and an increase in hogs Of 769.
Inc killings by Swift & Co. for the week
eholng oct Y were: Cattle. S46; calves %;
| sneep, 1853; hogs, 6561. The killings for the
week ending Oct Is were: Cattle 557.
! caves Al; sheep, 1853; hogs, G. G62. These fg
| ufes show decrease in the number of cat
Tie OF III; calves, %; hogs, 1O1, and an in
crease in sheep Ct 1O1
II Is believed that had it not been for the
prevailing bad weather the record for the
! in
! mat OF any week in the history of the stack
| yards. The arrivals on Monday were IN
| usually large, especially Of cattle. but tho
persistent rains deferred shipments to this
market Tor some reason or other Pricss
nave been exceedingly fiat for young stock,
ms condition is only natural when one "a
aHorded he opportunity of insDectinq the
quality Of stock that is sent in here r. he
uISPcseu OF Tor these purposes The Stock
ers received at South st. Paul during the
past week have been scrubby There an
pears to be general tendency on the mar.
81 farmers patronizng all the Western mar
hets 10 dump all the refuse Of their farr74
overheard at this season, IN order to avoid
carrying them over the winter I. is nrob
aDiy due to this glut Of poor stuff and an
almost studied Withholding of better grades
that the price foT stockers is so low and lhat
Cnere is so little animation in this Department
u Uaoe' IN some pens these specimens
were allowed to remain almost the eIgtY,
week, because there was absolutely no de-
mand for objects Of their quality.
There was falling oil in the SUNNY ~
hogs, and the prices were somewhat hettor
than the previous week, but taken as 4 yyhofa
the hog market was unsatisfactory. aIthouoh
the quality on the average was by no means
so inferior that of the past few weeks
Ihere was a disposition however. on til.
part Of buyers to secure their stock Supplies
On lower range Of prices. The figures have
ranged from $3.50 70 $3.7O
The sheep and lamb market has bean fr,,,
lOc to 25c lower. Fat lambs were extremely
slow earlier in the week, but On SATURDAY.
there was recovery. There were sales Of
cholce lambs (bucks) at 81. The receipts were
not large Of sheep and lambs The highest
price for the choicest Of the latter was s475
One firm at South St. Paul makes the fol-
loWlng quotations. which, however are rather
possible OF attainment ii the true qua.i-y is
offered, rather than an index TO realizafio1s
on the stock Offering:
Good dry-fed steers, $5@5.15; fat cows and
helfers, 1904; common and fair, $2.75G3; can
Western Rangers-Good, choice steers. SIN
SOU medium steers, $500 /; rough (tSt-erds)
3. 40QS65; choice heifers, $3.S50415; medium
$3.50Q3S5; cows, choice, $780,; medium
S3.25q375. Stockers and feeders of good
quality good colors) are in coed demand and
sell at strong prices. Common and inferior
6dIu 10 sell at decline Of from z5c to SOC
from prices week before last. Stock steer
calves 600 lbs or under), $3.7504e5 according
to quality. Yearling steers from &c to 4c.
Veals from &c to SIC.
Hogs-We have had good liberal receipts all
the week and prices have been about steady
at $3.55G365 for the bulk, but today the mar
ket dropped 1Oc and sold at $3.4503575k
mostly at $3.50G3.55.
Sbeep-With good receipts, the market has
been good at steady prices and O good de-
mand for feeding lambs and breeding ewes
We quote fat sheep $3.6 AIS; fair, 49, 25Q3. so;
good lambs, S45005.15; feeding wethers, $275
"a; ewes $3.50Q4.
THE CHICAGO MARKET.