The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-05


orally supposed. Humane considerations
aside, these famine penditions are of the
greatest import to our American farmers.
Russia is our sharpest competitor in the
worlds wheat marketI and a cessation of
exports from that country would be the I'M
meelaIe cause OF positive price upturn mere
Broomhall, in the Liverpool Corn Trade Re-
view OF Aug 49, says;
At the moment all the world sees. or fam
cies 1t sees, before 1t an era OF overlooking
Ing harvests, and hence the trade Is cont mt
everywhere 10 Duy for imms dlate require
ments only, and let the future take care Of
itself. 1t Is policy that success alone can
justify; but II is possible that this autumn
contrary TO recent experience, may be fine
and settled, and that the crops Of the North
ern hemisphere may be gaInered in safety
and In good condition. II So one need not be
a prophet to admit that low as present cur
rencies are, considerably lower ones are pos
sible. 1t may be that here and there farm
er assessed or means or Influenced by aSsur-
ances that low prices were to be thing OF
the past, Will hold his wheat back fer
time But. fortunately or unfortunately, ne
ce-Sity compelS the great majority to sell to
meet current liabilities, and as to merchants
reconsututing their stocks, Of which much
mas peen SAID they will begin to do this
when they believe prices to have bottomed,
and not a day before.
1t therefore looks as If the next two or
three months might see a pressure to sc |
wheat, and from more than one continent.
while 1t now appears that France will need
to import on balance little or nothing this
season. The United Kingdom will be, there
FORE until the new year, the dumping
ground" Of the worlds surplus, and probably
the lowest prices of the s; ason will be seen
ere Christmas. Later on the position OF the
the range Of prices then ruling merchants
and consumers may not unlikely feel warrant
ed In carrying more than usual stocks.
But this is long look ahead. For the next
Eos rroA1rN kI1,a ha hn IA
termining factor In the present and interest,"
ing struggle between unprecedented!y small
stocks and the promise Of approaching plen-
ty. And much may happen to cause an entire
revulstOn OF feeling. AS valued correspond
ent remi us us, It was only In 1888 that
frost on the night Of the 18th of August com-
pletely changed the outlook of the crops in
Minnesota and the two Dakotas, and led
to an advance ere NoveEsber of EOS per sack
on -four. In this country the harvest is only
beginning. and a wet fortnight would render
us absolutely dependent on foreign supplies
for two or three months to come. What this
would mean with stocks in this country at g.
vanishing point may be left TO the magma
ton of the bears who are SO gaily selling for
delivery IN September at 5s 912d wheat that
Is worth 6s Cd on the spot.
THE LIVE STOCK MARKET.
UNION STOCK YARDS. South st. Paul
There were 400 carloads of stock received at
the Union stock yards, South St. Paul. last
week, as against 251 the week before, being
an increase Of 155 cars. The receipts we're:
Cattle, 6.O97; Calves 1874; hogs, 1879; sheep,
II, 343; horses, 81. The receipts Of the previ-
Gus week were: Cattle, 5.6S1; calves, LOSS;
hogs, 5,2O5; sheep, 4s642. These figures show
an increase in the number of cattle of Ale
and decrease in calves OF 254; of hogs. 526.
and an increase in sheep Of e.701.
The receipts for August Of cattle
were 1874; calves, 1925; hogs, 16,SeS; sheep,
1917. The receipts of cattle during July
were $3.50; calves, 1884; sheep, 1884, hogs
1876. These figures show an increase in
cattle of 1854; calves, 961; hogs, 1854, and OF
sheep. 1861.
During the past week Swift & Co. killed
of cattle, 724; calves, &c; sheep, 1,12s; hogs,
4, 916 During the previous week the killings
were: Cattle, 549; calves, Al; sheep, 1.OS1;
hogs, AGO. These figures show an increase
in the number of cattle of IT'S; decrease in
calves of IS, and an increase in sheep OF A.
and of hogs, 456. During the month Swift q
Co. killed Of CATTLE 3,26S; calves, 1S2; sheep
1881; hogs, 1896, a marked gain over the
killings Of July.
There has been a considerable increase in
the number of cattle received at South ST.
Paul during the past week, but there have
been fewer classed as good and a larger num-
Der classed as medium and common. The
week has been characterized by considerable
decline in prices in Shicago, amounting TO
from zoe TO 4Oc on all grades below prime
beef and this condition of things was re-
fected In our local market to the extent OF
about 80 per cent. Here good beef cattle
have been comparatively stronger than the
week previous, and the supply has been moth
ing like proportionate to the demand. There
have been good many light stockers re-
ceived but of an extremely common variety.
and the sales have been only made with dith-
Guilty, and prices show decline over the pre-
vious week for this type Of stock; but the
lower prices have been due to the very poor
quality Of stock offered Shippers have been
sending in all sorts of truck, whereas at this
season Of the year the dealers in the markets
Of stockers and feeders want only the best
and are not satisfied with one-fourth rate
goods. Shippers ought to know enough about
this market to know that the mean quality
of stuff that they are sending in is not suit
able to the wants Of buyers in the territory
tributary to this market. Disappointment
must inevitably result to all who ship this
class of stock forward, recognizing as they
must the conditions prevailing here.
These are some Of the more reliable QUO
tations for cattle Good dry-fed steers, from
S4.75 to So mediums, 81. 40 to $3.50. Prices for
dry-fed cows and heifers ranged between 1918
and $3.50, while good grass hefers brought
from $40 to $3.65, and cows from S275 to
S. 25 while Gamers sold at from S1.75 to 1925.
Fat bulls realized from IS to 1925; Western
rangers good choice steers. $4.20 to $40;
medium to fair, $3.50 to $40; cows and heif-
ers $50 to "a; medium to fair, 1915 to So. 40.
There was good demand for the better
quality Of stockers' and feeders. while the
Wpr
There were several sales of good Dakota feed-
ers at from $3.50 to $40; common. $3.50 to
S375. Steers of from 500 to 600 pounds sold
at from So 20 to $3.50; steer calves, $465 to So;
stock heifers from 15c to S5c lower, at So to
$500. Bulls of the stocking and feeding class
sold at from $2.75 to $40. The price az
mixers and springers was from IS to SO
lower, choice cows, $35 to $40. The COM
moner stock was dull and it was difficult to
sell the animals at any price whatever.
In the hog market the numbers Of receipts
are we'll up with those Of the previous week,
but the quality showed decided inferlority.
There were a good many old, rough sows
sent in. and the market was filled with young
pigs and skips. The conditions, as far as
quality could command value, have not been
favorable, although the general range of
prices has been we'll up with those OF the
Chicago market. The prices are quoted as
follows: Good stock, sS.e59s.SO; bulk, 1870
@3.s5; rough, heavy, $3.4O@S.6O; pigs, $500
$40.
In the sheep and lamb market the receipts
were larger than the week previous, as shown
by the above figures; but prices were lower
for everything except the better grades Of
fat mutton and lamb. Prime sheep sold at
$3S5Q41O; common, $3.409S.S0; stock ewes,
$685. 5; fat lambs, s4.75Q5.6O; stock lambs,
$3.75@425.