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

ANt4A4It~Il I4Cc CuTTCH.
SEPTEMBER WHEAT TRADE.
The following is from the review Of the
wheat trade during September bv the I,ondoD
Miller:
IN summing up the review of the move
nients OF the PAST month it will be seen thai
although the decline has been serious Tho.
&c HOt wanting indications of the presence
U vi rallylng power in the market which
m wnen Che prolonged period of summer-like
it seie e., comes to an end will probably make
4 fISeIl LeIt The low prices have modified the
NV vi new native wheat, which fact to-
gethef with a moderate visible and fha
sbi 80 reauctlons in the ratio of the worlds
StIrPipents' ahords ground for the hone of
SoTte sooo buying in the coming weeks.
Inc outlook is indisDutabIy critiraI ard
oqoites an the Watchful consideration and
sa8aclous Judgment which can be brought IN
pear upon 1t; but low stocks and the Tatnrn
Oh co-der weather, with the large Increase Of
~ consumption thereupon, must certainly lead
~ q period OF more active demand and the
GeVeiGpment Of the speculative Interest nnv
largely held In allegiance by the difficulty and
uncertainty of the situation.
Inc sensitive condition Of the market ie IN
some degree due to the lack of knoJvIed.oo 90
20 the dimensions of the unknowabIe residue
vi the various reserves. which are never sub
JeC9 10 regular estimation. 1t seems proba BILE
anu some mold the opinion, that during tho
l last campaign these hidden reserves were
ne1avHy ofaWn upon, but to what extent, in
feIation to the whole, it is impossible to de-
q
work CT the cereal year there will be a ten
dency to replenish stocks seen and unseen
Whlch Will absorb some of the new wheat
everywhere, relieving the pressure uDon the
market and steadying or lifting value,
BEERBOHM WHEAT REVIEW
,Beerbohms London List of Oct. 7. in re-
n pIemng the wheat trade, says: The big ship
i a 20 EUROPE last week. especially from
Alherlct, have taken much OF the lift ont of
m re trao re ana some of its confidence As
IL Que, oa Iact however, there is very little
ANY - any pFeSsuer to sell wheat from nv mar
ter and the heavy shipments OF las 1,aeL
$50 EpFIousIy required for immediate CON
SIbnsptlon' Tor we find that the total stocks of
"Ieat and hour in all United Kingdom n0rte
on Oct did not exceed 900. coo Quarters in
| tluuiAg less than 100000 quarters in wheat
NE me remainder nal being in the shape of -four
than LOCO eco quarters has been held IN 49,
namus IN thls country, although the ''rouDd
| TnlIlon' has been touched several times
IN, OuT usual monthly return of the worlds
EIsioie supply Of wheat and flour shows an
| increase during the month of only about
tt'oSoIIVO quarters, almost entirely on the
american a. side, as compared with an increase
VI nearly 100000, quarters last September
and about 100000 in September, 1856.
THE LIVE STOCK MARKET.
me receipts at the Union stockyards. South
81 Pau!, for the week ending Oct % were.
Cattle, 9,268; calves, 1,757; hogs, 1865; sheen
-o,'o4' me number OF cars received was
or asalhsC e45 the week previous, showing a
decrease in the number Of cars of 24s.
Inc receipts Of live stock for the week end
ing Oct 10 were: Cattle, 9.647 calves. ass.
hoss 6,l96; sheep 80, 789. These figures show
oecIlne IN cattle of 379; calves, 629: sheen
ITO and an increase in hogs of 769.
Inc Killings by Swift & Co. for the week
endlng Oct. p were: Cattle $40; calves, %;
sheep' S69; hogs, 6,561. The killings for the
Dot
| caves, Al; sheep, 1853; hogs, 6, 662. These fig
ureS snow decrease in the number of cat
Tie OF III; calves, %; hogs, 1O1, and an in
crease in sheep Ct 101
1t IS believed that had it not been for the
prevailing bad weather the record for the
past week in receipts would have surpassed
mat OF any week in the history OF the stock
yards. The arrivals on Monday v-ore ~
usually large. especially of cattle: but +be
persistent rains deferred shipments to this
market Tor some reason or other Prices
nave been exceedingly fat for young stock
Ihls condition is only natural when one &c
anoIoeo ne opportunity of inspecting the
qua-Ity CT STOCK that is sent in here to he
disposed OF for these purposes The stock
ers received at South St PauI d,,r,ns ~
past week have been scrubby There an
pears 10 De general tendency on the mar,
CT farmers patronizing all the Western mar
ketS to dump all the refuse of their farr,,
overheard at this season, in order to avoid
carrying them over the winter Il is prob
Amy cue to this glut Of poor stuff and an
almost studied Withholding of better grades
that the price for stockers is so Low and ~
mere is so little animation in this department.
Oh trade. In some pens these sDeciroans
were allowed to remain almost the en-, -,
week, because there was absolutely no de-
mana sr foF objects Of their quality.
Ihere was a falling of in the SUNNY ~
IMAM the previous week. but taken as s Whole
the hog market was unsatisfactory. altboug,
the quality on the average was by no means
so interior as that of the past few weeks
There was disposition however. On +hs
part Of buyers to secure their stock suppljas
on lower range Of prices. The figures have
ranged from $3.50 20 $40
Inc sheep and lamb market has been from,
1Oc 10 zoe lower Fat lambs we're extremely
SLOW earlier in the week. but on SATURDAY,
there was recovery. There were sales NJ
choice lambs (bucks) at ST. The receiDts were
not large of sheep and lambs The highes.
price for the choicest of the latter was 81. "a
one firm at South st. Paul makes the fol-
lowing quotations, which, however. are rather
possible OF attainment If the true qualify is
offered, rather than an index to realizstio3s
on the stock Offering:
Good dry-fed steers, $595.15; fat cows ard
heifers, $5G4; common and fair, S2.756S: can
AClS, S4.0USEI.ZO.
Western Rangers-Gcod, choice steers. s4lD
~; medium steers, $3.t5 4; rough Gci-e1ds]
$3.4CQS.65; choice hsifers, $3.S594l5; medium
S3.50@9.S5; cows, choice, $S.7S64; medium,
$S.2509.l5. Stockers and feeders of coed
quality good colors) are in good demand and
sell at strong prices. Common and inferior
hard to sell at a decline CT from z5c TO 5Jc
from prices week before last. Stock steer
calves 600 lbs or under) S3.7594S5, according
to quality. Yeariing steers from s. to A..
Veals from 4c to 512c.
Hogs-We have had good liberal receipts all
the week and prices have been about etea.y
at $S.55Q3.6 5 for the bulk, but today tue mar
ket dropped Ice and sold at IS 4563.571s.
mostly at $S.5003.55.
Sheep-With good receipts the market has
been good at steady prices and a good de-
mand fer feeding lambs and breeding ewes.
We quote fat sheep $685. Gals; fair So. 25l73 50;
good lambs, 4.5G95.15; feeding wethers, So Is
"a; ewes. $4,000.
THE CHICAGO MARKET
The receipts at Chicago for the week
showed gain over the week previeus Of
about 5000 cattle, 5000 hogs and 5000 sheen.
but as compared with year ago there was
a decrease Of approximately 1000 cattle. while
gain of $500 hogs and 5000 sheep was
shown. Cattle at Chicago were from 1G3