The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-13


Farmers Hands Was the Final
Straw That Broke Prices-Bears
Were In Control at the Termina-
ton of the Week Report on
Corn in Sight Was a Surprise.
BUNS bowed to the inevitable, and bears
assumed control of the grain market in
Chicago at the Termination of last weeks
business. There bad been a declining mar
ket each day of the week, save oIe-Thurs-
oay-and the government report on the sup
ply OF cereals In sight did the rest. The
figures were surprisingly large. Corn was
especially disappointing to those who had
hoped to find it scarce
-! Monday May wheat closed in Chicago at
!zAc. Tuesday the close was 71Ac. Wednes-
DAY there was a drop to 70Ac. Thursday
witnessed an advance in May to 71Mc. Fri
day the figures dropped back to 7OAc. This
drop was due to the receipt Of the first news
OF what the government report would con-
tain. The facts were not obtainable but
there was apprehension of bearish show
ing; and the timid spectators began to
hasten to cover before the figures were given
out.
Saturday the worst fears of the longs were
realized. The government figures were all
they had anticipated they would be. and
worse and the bears were given full swing.
The close Saturday was at 69asc-a loss for
the week of 2Nc on May.
Minneapolis and Duluth naturally sympa-
thized with Chicago. but the situation at
those points was at no time during the week
as acute as at the last-named city. Min
neapoais reported an unusually brisk and
regular demand for wheat by miflers and
on the whole. the week was a fairly good
ONE in that city. Similar comment would
not be out of place in summing the week
at Duluth.
CORN AND OATS.
Corn news and statistics were generally
bearsh at the opening of the week. The
current of weakness. This condition pre-
vailed up to Thursday, when there was
slight Improvement in tone, due largely to
continued confidence in short-crop theories.
false strength was quickly dissipated when
the government report appeared. Bears
were as fully in control of the corn as they
were OF the wheat situation when the week
closed.
Oats were weak in sympathy with other
markets, save on Thursday. when the false
strength developed In wheat and corn. The
end OF the week found oats as dull as the
other grains.
Liverpool sympathized with the Chicago
situation Saturday and helped the bears to
strengthen their ho;d on the market.
SOUTH ST. PAUL LIVE STOCK.
The general tone of the market at South St.
Paul during last week is well expressed in
the following letter sent out by one of the
commission firms to shippers Friday:
Our cattle market this week was about
steady on whatever decent killing stuff was
here. There was not half enough in to satisfy
the demand. You will have to- buy Gamers
and habitat cows 50@75c per 100 lbs lower, as
they are off about 81 in Chicago, and packers
there are refusing to buy them at all, prob
ably on account Of the government inspection
there this week of canned beef. We want
more good cattle and want them badly. Our
buyers are wiling to pay as much for good
cattle as they will bring anywhere. That has
been proved here lately in few cases where
good butcher steers went through here and
sold in Chicago for about what was offered
for them here, and In one case buncS sold
for 10c less. Anyone tributary to this point
is surely losing money by passing up on
anything in the killing line.
1t looks as II the bulk of good stock cattle
are gone from the country tributary to this
point; either that or they are shipped to some
other point, as twe-thirds of what comes here
Is common stuff. We have buyers here for
good cattle who are disguised when they look
over our yards and see only one or two de-
cent steers in a load and the balance spotted
Jerseys and Holsteins. We can get Just as
much for car of reds and roa1s here as
they will bring anywhere but there has not
been full load of good stock cattle here
since the Canadians quit coming last fall The
quality of stuff coming here is bringing as
much as it will anywhere.
We quote: Good to choice beef steers,
81 .5o@5.2s; fair to good $4,000 so; good to
choice cows and heifers, So. 50@4; fair to
good $3@D3. 80; medium habitat strippers
around $3.50; Gamers, $1@2; fat bulls, $50
$50; bolognas, $2.50@3; young bulls, 5000 rs;
steer calves, $4.25@4 so; heifer calves, 1925
@3 so; good to choice stockers and feeders,
So. 1904 fair to good, So .40@3.75; mixed,
off-colored stuff 1903 40; scalawags, 81. 100
8; stock heifers, 5000. so; mixers and spring
ers, $25@45, according to quality; veal calves,
$685.
Our hog market ran little uneven again
this week on account of the ups and downs
In Chicago. Hogs went off &c there yester
day and sc more today, but Chicago is clos
ing strong, with todays decline regained. The
day straight, with the quality fair, and not
near enough hogs here to supply the de-
mand. Although we are getting within 100
l5c Of Chicago, and we are good sc better
than Sioux City, we want more hogs here
and can't see how anybody tributary to this
point can afford to pass us up. The pros
poets look steady for next week.
Sheep and lambs sold at s.. 1904 SIS the fore
part of the week, but the receipts the last
couple of days ran pretty heavy in weight
and sold around $4.65. We don't look for
they are getting too near being yearlings,
and also getting too heavy. Buyers don't
want them over so to IS lbs. We quote
good 50 to s5-lb lambs, 81 65@4.S5; heavy
425; stock ewes, So. 25@3 60, and in demand.
The receipts of live stock at Union Stock
yards, South ST. Paul, were as follows: Cat
1870: horses, 81; cars 2o2 The receipts for
the previous week were: Cattle, 1.601; calves,
835; hogs, 5,1s4 sheep, 1881: horses, rs; cars,
I'll. This shows a gain of 1872 cattle, 176
calves 800 hogs and 80 horses. There was
loss of 1.461 hogs and cars.
The actual live stock on the market, 1t
will be seen, was considerably in excess last
week of the week previous, although the num-
Der Of cars In was less. This was due to the
heavy shipments of sheep the previous week
that were brought In and placed in the feed
ing pens.
The killings by Swift Co. for last week
were as follows: Cattle AGO; calves, 26; hogs,
5.736; sheep, $40. The killings for the pre-
4,093; sheep, $40. This shows a gain Of 1,643
hogs and a loss of 214 CATTLE calves and
100 sheep.
The falling off in the cattle killing was due
in a measure to the fact that the receipts for
the week contained only limited amount Of
butcher cattle, Swift & Co.. bought very lib
orally during the week and there were very
few refusals of offerings Of cattle If the
quality was at all satisfactory.
SOUTH ST. PAUL HORSE MARKET.
George W. Wentworth CO., of the South
st. Paul horse exchange make the following
report for last. week: The horse market has
been quite a little better last week than
during the week ending March 4. ALI kinds
of horses sold very readily at satisfactory
prices Farm mares and chunks are in good
demand at prices ranging from $50 to 500.
We report the sale of one car to Manitoba
at SIS per head which is about the average
price, There is quite little inquiry for gen.
eral purpose horses and drivers of good
weight and appearance We have large