The Saint Paul globe., 1899-04-03


May wheat, Minneapolis. .70ss 691:
May wheat, Chicago ......72aa 70N
May wheat, Duluth ........1A 701i
May wheat, New York. 1875 76a
The above figures show that May whea
has had strong week Of it. The rist
was due almost solely to the reports tha
We're received from the country, through
farmers and special emissaries sent ou
mates puon the probable yield Of the win
py commission merchants to make esti
ter article. For time there were whis
pers of dollar wheat but there wa.
never more than a whisper, for the rea
son that the reports of bad weather dam
age were not verified in such a convinc
Ing way as to give buyers full confidence
Ihat the unreasonable weather was mo-
such as was desirable for the good OF
wheat In the ground was admitted, bu
that the damage was as excessive as the
reports received made 1t was never be-
Heved by the bear element Buying or.
ders were rather heavy during the earl,
part OF the week, and that heiped thf
puils to advance the price of the Man
article but not as rapidly as had beer
anticipated by some of the more san.
gulne and enthusiastic. The advance was
not broken till the close of the week
Even then the decrease in prices was no,
large nor alarming.
CONTRADICTORY REPORTS
Ihe principal cause for the falling of
III stfehSth was the issuance of Tho
mans report, and the government fig.
ures, both Of which failed to note the
tremendous damage done winter wheat
by unreasonable cold weather, as indicat I.
eo IN the statements made upon the all
tnorlty or those who had been over the
"heat belt and the farmers In the re-
e!on where the wheat must come from
q <loxy
SATURDAY the first effect of returning
confidence in a fair crop made itselt
manifest In a falling off in nrices irs,
when a further advance was expect
ed. In ract the May article opened ar q
nlsher figure than the close Friday and
tnere were indications of a confirmed
tsoVance up to the noon hour, when prices
began to sag, and the close was at ST.
10 nc oeiow the closing figures of Fri
uay. In aooltlon to the unexpected slumn
- pIioes. there was decided feeling
OF uneaslness among the bull element
that must wear off before the onenino
tooay or there may be a further slumn
recorded. Sioiiip
CORN SYMPATHIZED.
Coiii Aolio"ed right in the wake OF
wheat 'and saturdays close found It wesk
o iuwef 30 marked was the decline in
corn that 1t affected the provisions malt
ana dealings were lighter than anv nravt,
Gus day OF the week. There is no longer
taik OF the keeping quality of the corn IN
FARMERS bins. The question has resolved
itsei! into one of the price of the article
ioi its own value, at the time of sale
ana not upon its keeping quality. Tha
there Is great deal of corn I'm the conn
Try mas all along been conceded. h,,t the
ouli element has advanced the are,,roent
'Aat what corn was In the bins was of a
Quality that would not permit of exnorta a :
.ion. Ihis has helped to hold corn I'M.
NOW 1t is admitted that as wheat goes so
VIII corn. and dealers are regarding the
tu.uIe OF the market from that stand
point. should wheat take another ,n-
turn today, OF. this week, it is believed
that corn will quickly follow. Oats arc
IN sympathy with wheat and corn. and.
consequently, lower
STOCKS sTEADIER.
The week closed with stocks steaa,er
than they have been for fortnight Deal
1ngs In the leading securities. both Indus-
tflals and railroads, have been phenom-
enaily large. while prices have iumped
skyward In many stocks. But there has
come change. and the close of the mas
week found the market In a more nuiet
condition than 1t has been during the an
tire month Of March. The sudden ad-
vance IN money rates had much to do
WITH tnls change. And yet stocks are nv
no means dull, nor is there anything to
indicate that there is a slumn d,,a ~
aas. t.s eoi'fary, tne bul! element is as conf
dent as ever that there will be son
tnuahce or the strength that has nra-
Valled Iof such prolonged period and
lnat the proper thing to do is to l,een
wnat you have, and buy more. There h. .
oeen sudden change in trade conditions
Ihe phenomenal conditions that prevailed
Tor more than month-in fact. since tho
oesinnlng or the year, We're absent last
week. This was attributed to had roods
and the heavy buying In January ana -
resumption Of activity Is looked for at
the opening of the present months h,s;-
ness.
SOUTH ST. PAUL LIVE STOCK.
The receipts Of live stock at the ,n;on
STOCK yards, South st. Paul, last week
We're: Cattle 1,050; calves. S74. hogs
7,nO sheep, 6.443; horses, 10; cars. 1874 The
receipts for the previous week were: Cat
tie, 2lOo; calves, 1.5S1; hogs, 9,727: sheen
322S; horses 81; cars. 234 This shows a
loss OF l'oe5 cattle, 707 calves. 2,617 hogs,
oz hofses and 40 cars and gain of 3,21s
sheep.
The killings by Swift & Co. for last
week were: Cattle, 800; calves. 35: hogs.
s,0s4; sheep, S04 The killings for the pre-
vious week were: Cattle, $50; calves. %.
hogs, 9,111; sheep, 6l5. This shows a. loss
OF 290 cattle and 1,017 hogs and a gain of
10 calves and 1S9 sheep
The receipts for the month of March
We're as follows: Cattle, s,01S; calves
1902; hogs, IS, 472; sheep, 1887; horses. 13s:
cars, $780,
The killings by Swift & Co. for the
month were: Cattle, 2,617; calves, 135:
hogs, s4,291; sheep, 4,262.
The last week in March Is one that will
long be remembered by the commission
men OF South st. Paul. Beginning with
the opening day the receipts contained a
Dig majority OF common and off colored
cattle, Gamer cows and thin steers. Be-
Iore the middle of the week the yards
were Hooded with this stuff. 1t was not
In demand at any price and had the re-
celpts been heavy the latter part of the
week much Of 1t would undoubtedly have
been carried over. With little or nothing
else on hand, commission men devoted
their entire time to getting the wards
cleared of this common stuff and the re-
suit was that very little was left Satur-
day. but the prices realized were ex-
tremely low apparently, although the stuff
brought all 1t was worth considering the
quality.
There was scarcity of butcher ctatle
all through the week and with the ex-
ception of a few head nothing was mar
keted that could be called better than
medium in quality. Good butcher cattle
are in demand at South ST Paul and ship
pers can realize prices, providing they
send in the right kind of stuff, that will
certainly make them come again.
Good to choice stock cattle, calves and