The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-05
WHEAT HAS JUMPED ABOUT AND
STOCKS HAVE SUFFERED
MANY CHANGES
MANY REASONS ASSIGNED
Wheat shows . Substantial Gain
Over tho Close OF the Previous
Saturday, While Stocks Ended tho
Week with o Bull Rally That
Helped Put Prices Up to Highest
Point of .strusgle with the Bears.
Ciose Sal Pr,

The wheat market has undergone many
changes during the week just closed.
The result has proved net gain for
the active option, and seeming proba-
bility that the bulls have the better OF
the argument, taking into consideration
the Verlhcation of the crop damage re-
ports that have made wheat advance at
different periods of the week. The Hes
sian flies argument has not played so
prominent q part in the manipulation
of the market the past week as have the
confirmed statements that the Russian
crop was badly damaged by drought,
and that In certain sections there would
be no crop at all. To this was added
the confirmation Of oft-repeated claims
that the damage done by the Hessian flies
was as great as originally stated, and
wheat naturally jumped upward There
was a gain in a day of over two cents.
This was lost on profit taking, but with
In twenty-four hours was regained, and
at the close of the week sthe prevailing
prices at all leading markets are in ex-
cess of the top figures of Saturday, OF
the previous week.
CORN AND OATS.
Corn ruled rather liStleSS during the
greater part of week, but at the close
1t was reported that unfavorable weather
would not conf1ne it's damage to wheat,
and that corn would certainly share In
the shortage of crops. Then came an
advance, which, though not large, was
sufficient to assist the bulls in carrying
out deals in contemplation earlier in the
week.
Little can be said of oats The market
on the whole. has been quiet, with fair
demand at prevailing prices. There have
been no changes In figures that have
been sufficiently large to cause comment.
STOCKS ARE STRONG.
The bears made a raid on the stock
market the past weak that for time
seemed tc have serious effect The bull
rallied however, and 1t is again QueS-
as to which way the market will jump.
Much depends upon The money market,
and the latest reports from that quarter
are favorable to easier rates. This would
seem to indicate that the bull element had
a bit the better of the argument, basing
calculations on present conditions. Stocks
were decidedly bearish. however, q great
err portion of the week, and 1t may be
several days before anything like relia-
BILE line can be had upon them.
SOUTH ST. PAUL.
| The receipts of live stock at the Union
| stock yards, South St. Paul, last week
were: Cattle, 1,475; calves, 1851; hogs,
| S,142; sheep, 6S6; horses, 2; cars, 1884, The
receipts for the previous week were: Cat
tIe, 1885, calves, 566; hogs. 9106; sheep,
1856; horses, IL; cars, 17S. This shows an
increase of 439 cattle 1876 calves, $50 sheep
and IL cars and a decrease of 964 hogs
and 10 horses.
The receipts for the month of May
were: Cattle. 6s45; calves, 1914; hogs,
| 1900; sheep. 2,262 horses, 81; cars, 1893.
| The receipts for the month of April were:
Cattle, 5,939; calves, 2,7Ss; hogs, .23, 7OS;
sheep, 9.116; horses, IL; cars, -626, This
shows an increase Of 1O06 cattle, 1885
calves, 1852 hogs, rs horses and 2f
cars and a decrease of 1854 sheep -
The killings by Swift & Co. last week
were: Cattle, 1872; calves, "a; hogs,
6,652; sheep, $40 The killings for the
| previous week were: Cattle, 457; calves,
81; hogs, 6,S22; sheep, 1,4A. This shows
an increase OF II calves and a decrease
of 65 cattle. ITO hogs and 5S4 sheep.
The killings for the period ending June
were: Cattle, 2,16S; calves, 100; hogs,
36, 634; sheep, 5469. The killings for the
period ending April 80 were: Cattle,
1,941; calves, 81; hogs, 17745 sheep, 403O.
This shows an increase of 227 cattle, 108
| calves, 1889 hogs and 1,439 sheep.
| SOUTH ST. PAUL HORSE MARKET.
George w. Wentworth, of the South
| St Paul Horse Exchange, makes the
| following report: Good drivers show
| ing quality and speed and good general
purpose horses were in best demand last
| week and trade in this class of animals
was very satisfactory. There is some
inquiry for heavy horses, but they are
| slow sale. The outlook for the coming
| week is good and we have a good stock
on hand to select from.
MIDWAY HORSE MARKET Mime