The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-04-17

MAY wheat, New YORK;. 1914 1913
| Somewhat peculiar conditions have pre-
vailed In the wheat market the past
week. The market on the whole could
have been classed as stronger and higher,
though the closing day Of the week
witnessed an unexpected slump in the
active option Prices all along the line
are higher than at the close of the
| previous week, yet this is not over-en-
couragfng, owing to the fact that much
better condition had been all along ex-
pected, owing to persistent and verified
crop damage reports. That there has
been great damage done growing wheat
Is now admitted on all sides, even the
bears conceding that the reports that
have rolled in from all quarters have
not been greatly exaggerated And yet
| there is feeling that prices will not soar
as high as the bull element has calculat-
| ed upon. This factor in the market has
made 1t possible for the bears to shave
off the gains made by the bulls as the
reports of the awful conditions Of winter
wheat kept coming in, and the conse-
quence the past week was slump when
an advance was expected. The signifi-
! cameo of this can be realized when at
| tention is called to the fact that though
the active option opened higher and ap-
parently firm Saturday, the close wit
messed a loss.
..
Reports of famine in Russia, which
| mean that there will likely be prohibit
| ton of expectation of grain from that
| country, helped the bulls considerably
! toward the close. and 1t is more than
| likely that there will be great play made
| upon this new feature of the market.
| And it will have considerable effect upon
prices the present week. With Russia
holding her grain, there will be quite
an addition to the losses of crop in
America, and higher prices would likely
follow any order from Russian sources
prohibiting the expectation Of grain from
Russian ports, This feature will likely
be far more prominent from now on than
was the crop damage theory advanced
by the bulls in weeks that have passed.
Corn and oats have held their own
during the week. There has been less
interest in the corn market than during
previous weeks of s-late but the outlook
is favorable to the bulls.
STOCKS RULED STRONG.
Stocks have been strong since last re-
port. There seems to be no chance nor
reason for a slump such as has been
frequently predicted by the bear ele-
ment Of late. There is nothing to in
dictate weakness save In the trusts, which
are not in favor with money
lenders The money market was
easier at the close of the week than it
had been for some time. This was at
tributed to the fact that many of the
big payments to be made had been ar
ranged for, and that there was a flow
| of cash toward the East that was greater
than had been calculated upon. On the
whole the stock market save in the
trusts, has every indication Of continuing
bullish indefinitely.
SOUTH ST. PAUL LIVE STOCK.
The receipts Of live stock at the Union
stock yards, South st. Paul. last week
were: Cattle, I417; calves, TAI; hogs,
5,4S7; sheep, 2,43S; horses none; cars, 146.
The receipts for the previous week were:
Cattle, 1,52O; calves, S21; hogs, ATOP; sheep,
34S; horses. IL; cars, 1885, This shows an
increase Of 7S5 hogs, 1850 sheep and IL
cars and decrease of 103 cattle, so calves
and IL horses A}t
The killings of Swift & Co. las week
were: Cattle, 1854; calves, II; hogs, 4,O6l;
sheep, 7O4 The killings for the previous
week were: Cattle, 529; calves, 26; hogs,
40&; sheep, &c.. This shows an increase
of 70 sheep and decrease Of It's cattle,
9 calves and 20 hogs.
The week was rather dull with not
enough of anything in to supply the de-
mand. The cattle market was practically
unchanged from the previous week.
Prices ruled about the same. The demand
very good and this sort of stuff will have
a ready sale this week. Much more
butcher stuff can be sold at South st.
Paul, and the best grades will sell at the
same prices that are obtained elsewhere.
Quotations on butcher stuff sold at South
st. Paul are misleading in that they do
not represent what good cattle will bring
there This is due to the fact that no
choice stuff is received. Some of the
very highest prices quoted recently have
| been for stuff that was only fair in
quality. Shippers should try the market
with choice butcher stuff and no further
argument would be necessary.
| Hogs sold little lower last week, but
recovered slightly on Saturday. Good
prices will probably obtain all this week,
as bright run Is expected.
| Sheep and lambs are selling steady with
a limited amount of offerings Prices
are as good as at any other point
IN THE HORSE EXCHANGE.
George w. Wentworth, of the South ST.
Paul Horse exchange, makes the follow
ing report: The horse market the past
| week has been entirely satisfactory, in
fact, the best weeks business we have
had this year. All kinds of horses sell
very readily. There is great deal of
inquiry for farm mares and chunks, and
we look for a good trade on drafters of
weight and quality. and also drivers of
about 1000 weight, and Of fine appearance
and action.
LIVE STOCK MARKETS.
| Union STOCK YARDS south G.
| Paul, April 15.-Receipts: Cattle, 81 head:
| calves, head; hogs, 40 head sheep, 222
! head.
.HoGs-The market was steady and &C
| tive, the bulk selling up around So &c,
| .compared with So 65 Yesterday stropo RI