The Saint Paul globe., 1899-02-06
BRooMHAIL,s WHpAr RpvIEw


BRoOMHALL's WHEAT REVIEW.
In its Issue of Jan. IT, the Liverpool Trade
Review says in regard to wheat:
AS long as the general market remains
puoyant 1t would eeem impossibility for
wheat to fall in value. AS a general rule,
in movement Of the sort we are now wit
Messing in the states, all articles rise and
Iall together. and seeing what a large and
actlve market the American farmer is now
enjoying for his wheat and maize 1t will
be surprising indeed If he continues to sell
at low prices while he sees other classes of
the community srevelling in steadily advanc-
>, That there seems to be plenty of wheat in
the world TINS season would be among
the first to admit, but there are always need
ed TWO TO make bargain. and when the sell
er IS asked 10 accept low price for his
Prouuce knowing perfectly well that the
buyer has no stock and must perforce
purchase, he is apt to prove an obstinate in
d1vidual. This we taking place In Amer
lea, Russia. and we venture to think also in
France. Millers know that there were big
crops of wheat harvested in those countries
last summer, and have consequently bought
only as necessity compelled ever since, and
their crop without delay, the policy proved
to be good one. But that the first
hush OF supplies has subsided. millers no
longer have 1t their own way. Take, for
instance. France. where, unlike America,
there is very respondent tone in CONNER
ctal circles 1t will be found that prices OF
uary delivery and Is Cd per quarter for Feb
ruary since the last business day Of the old
year-a little more than a fortnight ago.
That this is a farmers move one infer5 from
the fact that millers and spectators have
not raised the price of this article commen-
surately; the extreme rise in -four during
the same seventeen days being I'D per $50
pounds for January delivery and I'd per $50
pounds for February while distant deliveries
have scarcely moved at all. Already France
Is commencing to buy foreign wheat for her
consumptive requirements we believe. and
not. as heretofore. for re-exportation in the
form Of -four and If this movement should
assume substantial proportions it could hardly
fail to exert an important bearing upon the
future of the market.
SOUTH ST PAUL LIVE STOCK.
The live stock market at South st. Paul
has been fairly active during the past week
and receipts have been moderately liberal in
view Of the existence OF exceedingly cold
weather.
The receipts of cars were 260, against 267
the week previous. being excess of cars.
The number of cattle received was 2G6S;
calves, 665; hogs, 1872; sheep, 1852, with
20 horses. The week previous the number
of cattle received was 2,14O; calves, SOL: hogs,
1852; sheep, Is, 1856. These figures show de-
crease in cattle Of 72; calves, IA; hogs, $50;
sheep, 21S6.
The killings Of Swift C Co. were: Cattle,
6o4; calves, 16; sheep, 493; hogs, $500 The
killings Of the week previous were: Cattle,
576; calves, %; sheep, 1,196; hogs, 1888. These
figures show an increase of cattle of Is;
decrease in calves Of 8; Of sheep, 693, and Of
hogs, 293.
The quality of cattle received was not high
class, by any means. The quality of the
offerings had no doubt much to 10 with the
regulation of prices inasmuch as the higher
grade continued to command just as good
equivalent prices here as in Chicago. AS
an illustration Of this fact four black polled
steers were bought by Swift & Co.. at S.
Could there be any more positive evidence
offered to the farmers and breeders In the
Northwest that it pays to produce high grade
animals? They were we'll finished. The call
was good for the best quality of fat COWS and
heifers. Stockers were in good demand and
met with ready sale at high figures, though
calves were not readily disposed OF on ac-
count OF the severe weather conditions pre-
vailing which were not favorable to ship
ments. Common and off-color stock is lower
than ever, indicating almost total absence
of demand There are some figures which
indicate quotations.
Most of the best stockers sold at So $50
AIS; others, s9.4OQ3. So; steer calves, So 900
AIS; Gamers, 81. 1.50q225; bologna bulls ST. 40
q2.75; good stock bulls, 50. 1903. The fair
to good killing steers sold at $414.4O best fat
COWS and heifers, $34OQ4; medium to good,
$2.75@3.4O. There is an insufficient supply of
good butcher cows coming.
The supply of hogs might have been better
both in numbers and quality The closing
sales of the week were:
Best heavy, $3.621a@365; medium. So 600
1924; light. $3.55@3.6O; pigs. 1925; rough
sows, $3.S5@3.45; heavy rough stays, s1.750
225. Thirty-five thousand hogs are the esti-
mated receipts at Chicago for Monday, and
the prospects are not very encouraging for
a higher market.
Sheep and lambs are steady, and not much
demand, except for good breeding ewes. which
are selling at S3.25935O
Says one report from South st. Paul. re-
ferring more particularly to the supply of
beef stock: 1--WE had a very nice bunch Of
North Dakota yearlings that brought $40
which was the top for the week, and they
would not have brought any more last week
They averaged 633 pounds and were good
stuff Where one bunch of this kind comes
in there are twenty punches of common
stuff which is the cause of our market look
ing so low. The same way on butcher stuff
two-thirds of the steers coming here for beef
are half fat and would just make good Iowa
feeders and the stuff the same way
There did happen to be bunch of good steers
here this week that brought sc. which was
as much as they would bring anywhere; the
fact of the matter is, the quality Of stuff
tributary to this market is mostly on the
common order; half fed. poor breed, and
shippers should buy them accordingly, and
not be blaming their commission men when
they don't get top prices for inferior stuff
Good stuff will bring good money, which our
top sales show
All of the above affords expert knowledge
Of how this market stands. Everything is in
the hands of the growers to make this a
great Northwestern market
TEXAS CATTLE FIGURES
Texas has some 300, 900 less ''oxen and other
catt.e' and also 1900 less mich cows than /
year ago. This is a strong argument in
support Of the prices owners are demanding
for stock cattle, but as the Northern men
cannot see their way clear to pay the prices
asked, there will have to be some conces-
sions made, more feeding done in Texas or
else people in the corn and range districts
will have to elevate their ideas about what
they can afford to pay Just at present there
is a deadlock between Texas people who have
young cattle and buyers who want then-
Drovers' Journal
CATTLE TRADE BETWEEN ENGLAND
AND ARGENTINE.
The traffic in cattle between Argentine and
England has grown enormously IN the past
ten years, and still shows steady Increase
The increase has been due Largely to the fact
that more cattle have been raised in Argen-
tine and that English markets afford about
the only foreign outlet. The cost of produc-
tion Is very low or elre with such a long
haul and a very high freight rate and a heavy
mortality shipments could not be made with
profit There Is little else exported from Ar /