The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-04-10

Close. Sat.
May wheat Minneapolis see. 60 Jig I1s
May wheat, Chicago ........ II 1-1b u7s
May wheat, Duluth .......... 7CA 721s
May wheat, New York 76ss u
While the wheat market shows an i'm
provement in prices over the previous
Saturday, there was a marked growth of
bearish feeling toward the close of the
period named. Fear of bearish govern
ment report had the most effect on Sat
urday dealings, but the ever-present ad-
verse crop report had full sway a major
portion of tie week. Longs liuqidated
heavily Saturday, and based their action
on the expected unfavorable showing Of
the government report. AS a result of
this action on the part of the usually bull
element, May wheat, which had opened
strong and higher, sagged off and closed
with a loss of Is to q of a cent. Reports
from Liverpool Saturday were rather ia
vorable, showing an advance despite the
weakness in the leading markets of Amer
lea. A small increase in the visible Is
predicted for today, and that also had It's
effect upon prices. On the whole, the
wheat market is in decidedly uncertain
condition, and neither bears nor bulls act
with any confidence to spare. Estimates
OF Argentines eXportable surplus were
somewhat wild and unsatisfactory. The
was unreliable might have checked the
decline had 1t been received earlier, but
when 1t was made public wheat was de-
scending too rapidly to be checked quick
ly. The week opens with a feeling of I'M
certainty prevailing, and there is little
by which to gauge what may be the re-
suit Of this weeks dealings.
CORN RULED HEAVY.
Favorable spring conditions, coupled
with the heaviness in wheat made corn
heavy and prices were lower There was
brisk demand for the grain for ship
ment, Saturday, but buyers and sellers
could not get together on prices where
any considerable amount of corn was in
VOWED. All the talk about the keeping
quality of the grain has been dissipated,
and 1t now seems question solely as to
what the future will develop in crops 1t
is still admitted that there Is considera-
BILE corn in farmers hands, but that seems
to have cut little figure in the closing
days of the past week
There was another break in oats at the
close Of the week, and this was, In a
measure, due to the reports received from
Minnesota and Nebraska.
PANIC IN TRUSTS.
There was mild panic In stocks the
past week, and the furry seemed to be
largely confined to the trusts Banks do
not regard such securities with favor in
the making of loans, and this compelled
holders to sell where they might have got
out had they been able to secure the
!unds with which to meet margins There
mas been an enormous demand for call
money, and rates have advanced steadily.
Inc TACT that the banks will have some
large demands to meet in the near future
tehoed TO Keep this condition going, and
there is some apprehension as to money
IOr the next fOrtOipht at
roads are all right, however, and banks
readlIy accept these securities as collat-
eral All the Industrials experienced wide
fluctuations throughout the week.
SOUTH ST PAUL LIVE STOCK.
The receipts Of live stock at the Union
stockyards. South st. Paul, last week.
were; Cattle, ,52O; calves. S21; hogs, A.
W., sneep, 0+S; horses, II; cars. 1875. The
receipts for the previous week were: Cat
Tie, 1850; calves S74; hogs, lilo: sheen.
Cab; horses, 10; cars, 1884, This shows an
increase of 40 cattle and one horse and
a decrease of SO calves, 2,40S hogs. COOS
sheep and 50 cars
he killings by Swift 6 Co., last week.
were: Cattle, 529; calves, 26: hogs oS1
sheep. 625. The killings for the previons
week were: Cattle, $780, calves, SIS: hogs
Eli; sheep, S04 This shows an Increase
OF lS9 cattle, and a decrease of 9 calves
1850 hogs and 179 sheep.
nile the receipts of cattle and the
Killings show decided increase last week
over the previous week there were still
Hot enough cattle in to satisfy the de-
mand and there was a scarcity ~
putcher stuff. There is still a great deal
100 much common stuff coming In and
TOO much half fat stuff in the beef line
Inc good cattle sell well at South ST.
faul, as high there as elsewhere. and
~ Dulciler STUN is In demand at all times
on l11f
mon stun and habitat cattle for they
car make, more money by not buvine at
Gil. Shippers should gather In a few
loads OF choice butcher steers and cows
and they will find as good a market for
that class of stuff at South St Paul as
at any other point
The hog market last weak was o,o -
the best that South St. Paul has seen
LOT months owing to the conditions that
prevailed The receipts were extremely
nsht' III fact, there were not enough hogs
IN TO near supply local demands and
coupled with this fact outside BUYERS
were on the market. Chicago prices were
PAID nearly every day in the week and
lot stuf that would not have sold az
wen In chicago as 1t sold here While
prices Will probably not go down with q
Jump II is hardly expected that the Same
conditions Will exist this week and the
market Will likely steady down under
ii4e'i ooHuilonS. 1t is believed, how
ever mat the range between South St.
Paul and Chicago Will be fairly close.
Inc sheep market was dull all week ow
ing TO light receipts. Good stuff was In
demand all week and high prices were
peld. Much of the stuff that was sold
was taken out Of the feeding pens.
In THE HORSE EXCHANGE
George w. Wentworth, of the South ST
tauI morse exchange, makes the follow
ing report: The horse market last weel,
was very good. There was a big demand
LOT farm chunks and quite little INQUIRY
lor drivers of good form and quality. A
number OF sales were made at fairly high
prices We have good supply of both
drivers and farm chunks on hand
LONDON STOCK REVIEW on.
don, April 9.-Business on the s,ooL
exchange last week was on tbz
smallest scale. Prices were weak an6
nearly all declined, owing to lack of SIN.
port on the continent. Americans begar
the week well, but lost ground during the
iast Two days and closed lower ALI alone
me iile' wabash and Mexican Centra
issues received some New York and Roc.
ton support, but New York central q
dudson River shares fell off ~ noi,,.
d d o., 4; Illinois Central. u. A+chiso
1opeka Santa Fe, q; Norfolk e. W.
ern, u; Northern Pacific 81. Tnion o.
cine, II; Wabash preferred. ". C1bia,a
Milwaukee & ST Paul, u and rhas
peake q Ohio, 4. Call money wac ~ 80.
demand at per cent. Money for So,
was 2A and three-months hi1fs weef
27-16 to 21a ct Iron