The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-05-15

July wheat chicago ...........I0 724s
July wheat, Duluth ............711A 1875
July wheat, New York ........74A IT'S
Despite reports that were regarded as
bullish, the wheat market for the past
eek was on the downward plane, and
the close last Saturday was more than
fractionally lower than on the preceding
Saturday. There were all sorts of rea-
sons assigned for the decline In prices,
and the Strangest part of 1t all was that
at the opening each day wheat was
strong and tending upward. The gen
orally accepted explanation is that the
weather conditions were by no means as
unpropitious the bull element endeav-
ored to make them appear, and the sag
came, inevitably, after each opening. no
matter how strong it may have been.
The loss is not so great as to attract more
than passing comment, and yet there is
every reason to believe that there will be
further recessions in prices unless some
thing happens to change the aspect of the
wheat crop coming on. The government
report was bearish. 1t usually is so that
feature must be set aside after 1t has
done its work. which has already been &C
complished. Weather will now have most
to do with the making of wheat prices.
Foreign reports, on the whole, have been
more bearish than during many weeks
previous. That has cut a big figure in
the bears have the better Of the argument
at present.
CORN AND OATS.
Corn is lower. That is natural,if for no
other reason than that wheat is not so
high as 1T was the previous week Corn
has kept pace with wheat. There have
been no strictly corn features during the
week. AS wheat went, SO corn followed
oats have not cut a very big figure in
the dealings in grain. There has been a
fairly steady demand, and on days that
both wheat and corn have receded In
prices oats have held their own Interest
In that grain has, however, been slight.
The features of the market may be
classed as normal
SLUMP IN STOCKS.
There came veritable slump in. stocks
last Saturday. 1t was due to the death
OIL the late Gov. Flower of New York
Ihere was general raid on the securities
which had had the support of the Flower
following, and there were some scenes on
the floor of the stock exchange that Dor
uered decidedly on the panicky. Fortunes
were made and lost within a few min
utes, and so swift was the dealing that
brokers' made or lost thousands in the
placing or orders. So soon as 1t was seen
That the Flower stocks were being pro
tected the panicky feeling subsidized. and
there is every likelihood that the incident
Will have no permanent effect on the
market
Money is easier and the outlook favors
better conditions in that quarter.
SOUTH ST. PAUL.
The receipts of live stock at the Union
Stockyards last week were: Cattle. |. ea1.
calves, l.275; hogs. S,0c5; sheep, AS; horses.
none; cars, 200 The receipts for the nra.
VlO1lE 1J-9
1921; hogs, 1886; sheep, 424; horses. 21:
cars, 223 This shows a gain of Ut cattle,
"a calves and 81 sheep, and a loss of 253
hogs, q horses and % cars
The killings by Swift & Co last week
We're: Cattle. 554; calves, 81; hogs, 1920;
sheep, 7S9. The killings for the previous
week were: Cattle, 431 calves. 4s. hogs
LIZ cattle and loss of IL calves, $50 hogs
and 157 sheep.
Inc run OF butchers cattle was q little
larger than for a number of weeks past
and everything was sold readily. While
none OF the steers were extra choice, good
prices were realized. Much more butcher
STUFF could have been sold and the pack
ers are willing to pay the best of prices
ICr the prime to choice stuff
The stocker market was a little dull
with a decline in prices of 10 to Is cents
on everything except the best quality.
Toward the close of the week only the ton
stuff found a ready SALE
The hog market was fairly satisfactory.
There was decided raise in prices the
last Of the week and on Saturday the
mraket opened strong to cents higher
and closed strong, while the Chicago mar
ket closed weak.
All the sheep and lambs in sold readily
at good prices. Toward the close of the
week quotations were 10 cents higher on
sheep and 10 to % cents highlr or lambs
There are-not enough sheep and lambs
coming to South st. Paul to meet the de-
| mand. Still higher prices are predicted
| for the coming week
| SOUTH ST. PAUL HORSE MARKET.
The horse market last week was more
active than at any time for several
| months. The sales made were mostly
drivers and farm mares. We look for
ward to a splendid trade this week and
We have on hand nice lot of stock
MIDWAY HORSE MARKET-Minne-
sofa Transfer. st. Paul-Barrett & Zim-
merman's report: Trade the past week
was classified moderate. The bulk of the
outgoing shipments were retailed to local
dealers. Wholesale trade was light
which was sign of summer season be-
ing on hand. However, trade was salts
factory, with an unusually strong de-
mand for heavy and high quality horses;
also drivers had numerous Inquiries,
bringing lively tone to that trade.
Prices had a tendency of increasing, and
will be looking for an advancement on all
classes of horses. The representative
sales were as follows:
Drafters, choice to extra ..,....$120 to $155
Drafters, common to good -. 80 to los
Farm horses, choice to extra :. 10 to 100
Farm horses, common to good 65 to IS
Mules, I25o lbs .................. rs to lis