The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-29

prophecy has expired. The average prics Of
number one northern wheat in Minneapolis
A 0a nseo ss is s svlH s evsEs
Mes ass th he prophecy sP WAS MADE maze :, at {b
grace ran. Of wheat 1t is maintained by some.
the Minneapolis market Is not ''choice mill
Ing wheat as comprehended by Mr., Pills
bury When be used the phrase. and therefore
Choice milling wheat,H they contend. would
average about two cents above the grade upon
which our estimate Is based. Granting this,
which we see no reason for refusing to 40,
the average price has been from $50 to 81.
to all intents and purposes, a yerifcation OF
Mr.. Pillsbury's remarkable prediction: AS to
the remainder Of his prophecy, that farmers
dollar for No. northern at their near
est elevator, this, too, has come to pass-so
that we may quite properly congratulate Mr..
p,ilisbury on having made market l 2rognos-
1t may be said that at the time the ram,
GUS statement was made, the Letter deal
and the Spanish war were unknown and
therefore unreckoned quantities, and that
without these favoring circumstances the
prices of wheat would not have been main
tanned, and its average would have fallen.
We hold, however, that the prophet VINO
has the courage to go on record as to wheat
prices is fairly entitled to full credit If his
prophecy comes true. no matter what ou.-
side, unexpected and abnormal influences
prophecy and has been remarkably verified
and Mr.. Pillsbury is fairly entitled to the
credit of having made it, and to the con-
CALCULATIONS due on its proving accurate.
When the statement was made the price OF
No. northern IN Minneapolis was 81. From
that point the average fell from week to
week until at the end Of 100 days it reached
twenty-sixth week. the average price, mad
risen but a trihe and stood at 921sc. Thence
the figures mounted slowly and steady
4ory1 Aoxp 40
end of PA days. 1t being then the 18th OF
June, the highest average prica-$l 0oB-
was reached. The next week the average
declined slightly and gradually drew away
from Mr. Pillsbury's mark until on Aug. %,
when our record closed, the lowest point OF
s7azc was finally reached. These figures are
certainly interesting, and they tell tale,
in the working out of which untold millions
Of dollars have from first to last changed
hands; great fortunes have been lost and
won, but the farmer, through al, has been
the lowest point a mott satisfactory pro-
for his wheat, and, as MI. Pillsbury said In
the beginning, has had many an opportunity
to sell his wheat at 81 per bu during the
fundamental prosperity Of the land We i've
in and It's influence has been far reaching In
Its effects through all classes.
But the condition for judging prices were
far different year ago from what they are
now.
LIVE STOCKS.
UNION sTOCKYARDS, South st. Paul
There were Psi arloads Of live stock received
at the Union sockyards, South St. Paul, last
week, as against 1855 the week before, being
an increase Of IS cars. The receipts were:
Cattle, 5,6S1; calves LOSS; hogs. 5,2O5; sheep,
1872 The receipts of the previous week
were: Cattle, 2SO7; calves, $40; hogs, 1884;
Sheep 1857. These figures show an increase
in cattle of 2,S72; calves, 57S; hogs, 1874;
sheep 3,105.
During the week Swift & Co., killed Of
cattle, $40; calves, Al; sheep, 1,01; hogs,
446o. The killings of the previous week
were: Cattle Isl; calves. 81; sheep, 455;
hogs, 2,45O These figures show an increase
OF cattle, 26S: calves. Is; sheep, 626; hogs,
2,o10.
AS the comparisons of the receipts and kill
ings show the record Of the last week may
be regarded as the initial point of the i'm
provement of conditions In receipts of live
stock and packing at South st. Paul. The
movement Of cattle Ia a little tardy. Among
the receipts were the earlier consignments
from the Northwestern ranges. There is, of
course, still a shortage Of good cate. Prices
for butcher stock were strong, but there was
a decline in the rough grassy material,
while medium stock has been only fairly
steady. In comparison with the Chicago
prime export stock. The following are the
quotations for cattle: Good dry-fed steers,
ranged from s4.e5 to s4.75. The prices for
dry-fed cows and heifers varied between
$3.75 and $3.50, while good grass heifers
ranged between s3.40 to 1855; cows from 1915
to 1925; Gamer from 81. 70 to 1925; fat bulls,
So to 1926. Good, choice Western range
steers brought from $40 to $40 The price
paid for medium to fair was $3.50 to "a TO-
medium to fair of the same class, $3.15 to
$40. Stockers and feeders were In coed de-
mand for the better quality at firm prices.
The market for medium, and common was
dull and weak. There were some good Da-
kota feeders sold at from 81 10 to $4.25; with
common lots at $3.50 to So. 10. - Steers of
from 500 to 600 pounds sold at $50 to 81;
steer calves at from s4.75 to S., with stock
heifers from 15s to }5c lower, at from 1915 to
$40. Bulls for stock and feeding ranches
sold at from $2.75 to 49, Mixers and spring
ers were from S. to $40 lower. Choice ami
mails OF this class sold at from $50 to s35 with
little or no call at any price for the COM
moner lots.
The market for hogs was strong and a
gratifying increase in the receipts was shown.
1t was noticeable, however, that a number
of small pigs weighing from IS to 100 pounds
were offered. Inquiry as to the cause of so
of the year ELECTED the statement that some
farmers in Northern Iowa and Southern Min
nesota were aprehensive Of the advent of the
cholera in certain localities, Notwithstanding
the lateness of the season. How much ground
exists for this fear is not shown. Prices of
hogs were highly satisfactory to the ship
pers throughout the week. Sales ranged at
from 1910 to $3.50, with bulk at from 1915
to $3.S5. Rougher specimens brought from
$3.50 to 1910 and pigs from 1910 to $3.4o
The receipts Of sheep were larger than of
any other class of stock and the market
for good, fat sheep was steady to strong, but
with the exception of the best grade of lambs,
there was weakness The good choice
butcher sheep ranged at from $3.50 to s425;
comman, SO to $3.50; choice lambs from LIS
to s525; common. 81 to s4.75.
The Chicago receipts during the week
showed a gain Of about 5000 cattle and g de-
crease in the number of hogs of approximate
ly 14000, and of sheep of about 1900. The
decrease in the number of cattle during the
week, as compared with the corresponding
week year ago, was about 1900; Of hogs,
$4,000, and sheep, 1900.
There are Indications in the Chicago market
of resistance by exporters to the high prices
prevailing. OF course this demand includes
only prime qualities. The increasing number
of range cattle arriving there has affected
somewhat the prices for the native mixed
butchered stock. There Is a comparatively
there and indeed there appears to be quite
an excellent demand for canning stock.
SOUTH ST. PAUL.
Mich Cow Market-Lytle & Raeburn re-