The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-05-29
WHEAT ADVANCED AND RECEDED
IN A MANNER THAT PUZZLED
THE TRADERS
GAIN OF TWO CENTS LOST
Market Or StrOnE-LiberaI Offer
ings and Widespread Realizing
Weakened Prfces-CIOse of Week
Found the EARLY Gain All Lost
Stocks Also Uncertain.


ference in wheat prices last Saturday
and at the close of the previous week,
does not convey an adequate idea of
The fluctuations of the week The gain
in July of fully 2 cents, that was rec
orded about the middle>of the week, was
lost, owing to realizing, and the free
offerings of the grain. AS has been the
rule of late, the trend of prices was
due almost solely to the reports of condi-
lions of the growing crops. The Hes
sian fly seems to have dropped out of
the estimate for the time being and
the other unfayorable wheat possibilities
ere freely dwelt upon. The bulls had
1t all their own way for the greater
part of the week. The came a per-
feet flood of grain, and down went prices.
Realizing set In, and the bulls were COM
PEELED to give way, or face possible dis
aster. What the coming six days will
bring forth is a matter of conjecture. The
reports of damage have not ceased, and
1t is possible that the bulls will resume
the old line of action, and push July
back to the high figure at which it
would now be saved for the setbacks
cited. Wheat will be watched closer from
now on until the evidence of actual dam
age is forthcoming with much anxiety
by both sides of the market.
CORN AND OATS.
The market for corn has been decd
edly slow the past week. There has
been little to note in the way of fluctua-
lions, and the changes in prices that
have occurred have been about eqauilzed,
though the close is. perhaps, weaker than
Il: was the previous week. There are no
new features to rcord Nothing what
ever has been said about the prime cause
of changes in corn prices.
In oats there has been marked dull
ness, throughout the week, and prices
have shown losses. The demand is light
er than for many weeks previous.
STOCKS UNCERTAIN.
There has been certain amount Of
uncertainty about the stock market the
past week that has kept up the interest.
Prices are again on the upward, after
several savage attacks by the bear ele-
ment which, in instances, had consider
able effect. What the bulls depend upon
is the repeated denials of bear stories
of reasons why stocks should be lower,
and the soundness of the money market.
Stocks, while uncertain as to prices, are
certainly not weak. The tendency seems
to be upward weber there Is probability
of changes.
SOUTH ST. PAUL.
The receipts at the Union Stock yards,
South St. Paul, last week were: Cattle,
l ,036; calves, 566; hogs, 9.106; sheep, 1876;
horses, II; cars, 173. The receipts for the
previous week were: Cattle, 1,102; calves,
731; hogs, S,023; sheep, 524; horses, 2; cars,
166. This shows a gain of 1853 hogs, 10.
horses and cars, and loss of 66 cattle,
165 calves and ZIP sheep.
The killings by Swift & Co. for last week
were: Cattle, 457; calves, 81; hogs, 6,S62;
sheep, ,423 The killings for the previous
week were: Cattle, 339; calves, 10; hogs.
6,755; sheep, 1,442. This shows a gain of
lis cattle, "a calves and 107 hogs, and q:
loss of 10 sheep.
The run OF butcher cattle at South st.
Paul last week was a little more liberal
than the previous week, but twice as
much as came in could have been readily
sold without affecting the market. Al!
kinds of beef cattle sold well, and the
best quality stuff was quite a little
stronger in some cases.
There was a scarcity of stock cattle,
and prices were high all week. A num-
Der of buyers were on the market all
week, and several of them were compell-
ed to go home without filling their orders,
owing to the small number of cattle in.
There did not begin to be enough to sat
isfy demands.
The run of hogs was a little heavier
than the pervious week, and the market
was generally satisfactory. There was
very little change In price, either up or
down. Hogs can certainly be marketed
at South ST Paul with more profit than
at any other point in the West
The run of sheep was very light. The
packers obtained 80 per cent of their sup
plies from the feeding pens.
HORSE EXCHANGE.
George w. Wentworth, of the South st.
Paul Horse exchange, makes the follow
ing report: The horse trade was very
satisfactory all last week. Light drivers
were in god demand, and those showing
form and quality sold at fancy prices.
Heavy horses were little slow, and very
sales were made. We have a very choice
stock to select from and look for a good
trade during the present week.
MIDWAY HORSE Market-Minnesota
Transfer, st. Paul; Barrett & thinner
mans report The market had no active
features the past week. The wholesale
trade was nominal. The retail trade prov
ed fair and steady and satisfactory for
summer trade. Prices were steady an
Horses arrived revy literally all week,
bringing a surplus stock on hand. No
special activity is looked for next week
as buyers are few on the market at tn q
time of year. The nominal value OF
servicable, sound horses from to 10
years as follows:
Draft, choice to extra. $12 Q160
Draft, common to good............. $4,000
Farm horses, choice to extra. 110d130
Farm horses, common to good 500 Is