The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-26

wheat showed net decline for the
week that Is surprise, even to the bears
who have assisted In the manipulation of
the market with that end in view July
wheat was at 741zQ745s in Minneapolis at
the close Of the session one week aRo
last saturday. At the finish of the days
business last Saturday the price of the
option was 71c-a loss of 31z@39c. Sim
liar reductions are noted at the other
ieading grain markets, where the loss is
little different in actual figures The
cause OF the decline is not difficult To
understand There have been all sorts of
reports that favored reductions in the
price OF grain. And then wheat was too
high, anyway, and it is now back about
where 1T belongs. That is the way those
VINO are conservative dealers In grain
put 1t. The bull element has not been
hurt to any material extent in the
dropping back Of the prices of wheat to
the figures from which it gradually adj
Vanced, owing to reports of crop failure
ana the damage being wrought by the
ravages of the Hessian flies No one
would be rash enough to attempt to pre-
dict what wheat will do next Those who
did that last week now realize how tickle
is the market. The majority were bull
tsh at the beginning of the week Now
the greater number feel that the time
has come for caution Wheat NAV go
they put 1T now. There are some who
attempt to give reasons why wheat
should go no lower. They are of the
class who place considerable importance
on reports of trouble in the old world
A war between Great Britain and tho
Beers, or disturbance of the friendly
relations Of any of the foreign powers
would quickly send wheat back to the
figure from which 1t receded within a.
week Until there Is something more
definite In the line of war rumors, how
| ever, spectators are not liable to delye
too deeply in deals based upon such pos
sibilities
There are no new features in either
corn or oats, save that the coarser grains
have, as usual. followed in the wake
OF wheat. Corn is decidedly dull, and
there Is nothing more than a light de-
mand for oats.
STOCKS IRREGULAR.
The stock markets are in waiting
shape. There have been some new feat
ures developed the past week, among
them the possible effect of litigation
upon some of the leading securities The
market has been almost wholly specuIa-
tive and the dealings have been smaller
than for the corresponding period of any
| recent month. The exports of gold have
had their effect, though 1t is asserte ed
that this was discounted in advance of
the publication of the bank statement
and consequently had no material eff
feet on prices Money seems as easy
as 1t was the previous week, and there
are no indications of serious harden
| ing About all that can be said of the
money market is that it is in waiting
condition.
l11 .e. SOUTH ST. PAUL.
The following table shows the receipts
Gf0Nk a no Int ,J-~-S
| South St:aPaui,y for the week ending
June "a, 1899, the week ending June II
1899 and the week ending June "a, 1898:
| y Week of Week of June a.
/ June "a. June II. 1898
| Cattle LAOS 1885 1924
Calves ;. ...... ISL LOGS SIG
Hogs :. 800. 1867 $3.50 5.S5S
Sheep 49,. =. 1863 - 265 l39
Horses ....... 80 "a
Cars -. 49,: 161 164 III
/ The following table shows the killings
! by Swift & Co for the week ending June
"a, 1899, the, week ending June H., 1899,
and the week ending June "a, 1898:
Week of Week of June "a,
June "a. June IL. 1883.
Cattle 1853 274 68S
| Calves :. 800. 43 sc *
/ Hogs 49,. ...... 5,937 6211 4O41
| Sheep -. -. $50 595 563
SOUTH ST. PAUL HORSE MARKET
George w. Wentworth, of the South ST