The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-05-22
CAUSE is ATTRIBUTED LARGELY
TO THE RAVAGEs OF THE
HEsSIAN FLIES "
RAIN STARTED A RECOVERY
Not in Prices, but in Confidence
That the Yield VIII BE Greater
Than Estimated - This Served to
Check the Advance In Values
Stocks Had a Busy Week, Bears
Making Some Impression at Close.
Sat. Prev. S;

There has been marked advance In
the price of wheat since last report. This
is due. largely, to the ravages OF the Hes
sian fly, the reports of which have been
of most alarming character. At one
time during the week there was a show
ing of fully four cents advance In July.
This was in a measure reduced, however,
by the advent of rain reports, with the
promise of a far more bountiful crop
than the bull element could figure out
The close for the week was fairly firm
though not SO strong as had been ex-
pected result of the weeks bull
movement With the promise of more
rain the outlook is for lower rather than
higher prices. There is some doubt as
to just how much damage has been done
by the Hessian fly. 1t is always difficult
to reach an accurate estimate on that
point. The very presence of the pest is
sufficient to cause alarm, but should 1T
be shown that there is more smoke than
fire in the present outcry there will be
a change in the direction of lower prices.
This will naturally be accelerated by IA
vorable reports of rain from the wheat
growing sections.
CORN AND OATS.
Corn has been fairly strong and active
the past week. Prices are a bit above
what they were expected to be when the
export demand fell off. There are no
new features to note in the corn market.
Absolutely nothing is said as to the
amount held by farmers, nor is there
heard the old cry about the average corn
in the bins being of poor quality-perhaps
unfit for export All that has been
worked out, and the only point now made
is the extent of the export demand and
the amount of the grain being offered
in the market.
. Oats have held their own. There are
no new features to note in that mar
ket.
STOCKS FAIRLY STRONG.
Stocks may be said to be fairly strong.
There has certainly been an effort on the
part of the bear element to make them
anything but strong. The death of Mr..
Flower was the signal for raid such as
has perhaps never before been seen on
the New York exchange There was
ample money to support the stocks
which Mr. Flower has carried through
many a storm in safety, and the bears
finally gave it up as a bad job. Never
theless, their attack had its effect in
bringing about receSsionS in various of
the weaker stocks, and cutting down
prices of some Of the stronger Rail-
roads suffered somewhat on the reports
of damage to the wheat crop by Hessian
flies, but rallied later on, and closed Sat
urday fairly strong all around. The
money market is easier than was predict
rather quiet week, with little change in
the prices of leading securities.
SOUTH ST. PAUL. .---->-e
The receipts at. the Union Stock yards
South ST. Paul, last week, were as fol-
lows: Cattle, 1,1O2; calves, 731; hogs, SG93;
sheep, 524; horses, 2; cars, 1866. There
ceipts for the previous week were: Cat
tie, $780,. calves, I275; hogs, s, 065; sheep,
AS; horses, none; cars, 2a0 This shows
a gain of 40 sheep and 2 horses, and a loss
of S2S cattle, 544 calves, AZ hogs and a
cars. 1-<5tt ~ :. .-.-
The killings by Swift & Co were: Cat
tie, 339; calves, II; hogs, 6,741; sheep ], 442.
The killings for the. previous week wele:
Cattle, ~554; calves, 81; hogs, 1902; sheep,
f89: This shows a gain of 653 sheep and a
loss Of 215 cattle, 26 calves and 1,161 hogs.
The receipts of cattle during the week
were very light, and there was a decided
shortage in butcher cattle, although the
prices pair at South ST. Paul were fully
up to any other market Good stock cat
tie of all kinds were in demand at prices
quite a little higher The supply did not
meet the demand, and in some instances
buyers could not fill orders. During the
first few days of the week the hog re-
ceipts were light, but the runs on the last
three days were quite a little heavier than
for the previous week, and this brought
previous week. The market was good
and prices ruled fairly steady throughout
the week
Sheep and lambs were stronger and in
good demand The receipts were light,
and packers obtained the bulk of their
supplies from the feed lots
SOUTH ST. PAUL HORSE MARKET.
George w. Wentworth, of the South ST.
Paul Horse exchange, makes the follow
ing report: The horse market last week
was very satisfactory. Good drivers and
farm mares were in demand, and num-
Der were sold at good prices. All kinds Of
horses were inquired for. We look for
a good market during this week.
MIDWAY HORSE MARKET.
MINNESOTA TRANSFER, st. Paul,
May 2.-Barrett & Zimmermans report:
The trade the past week was moderate
on a heavy supply of horses. Most of
them were of high quality. Retail trade
was favorable, ruling high prices, such
as $175@225 a head for heavy and the
best quality draft horses. In general the
prices held steady and firm. Shipments
proved liberal, and especially so the lat
ter part of the week, which will offer a
large lot of horses in next weeks sale.
The nominal value of serviceable, sound
horses from 4 to years, was as follows
Drafters, choice to extra. .$125@l75
Drafters common to good 90G105
Farm horses, choice to extra 80. HOOPS
Farm horses, common to good. $50 75,
Mules, 1900 lbs Observation-Disclosures. 80Q10O !
LIVE STOCK MARKETS.
SOUTH ST. PAUL, May 2O.-The re- |