The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-04-24

May wheat, New York TN 7SR
With the advent of springlike weather
came a sudden revulsion in feeling in
the wheat market. There was nothing
bordering upon a panic, but the figures
given above will show that the active
option In wheat has taken turn down.
ward since last report. This was almost
wholly due to reports of promised rain
In the sections where it is most needed
to make a wheat crop. These reports
were so regular and persistent that they
finally wiped out all the depression that
had beer Occasioned by the verif1cation
Of the claim that winter wheat had been
greatly damaged by prolonged cold
weather. This is not taken to mean that
there will be continued decline In prices,
but it is thought that the steady adj
vance that was promised by crop dam
age statements has been fully dissi-
pated. Dealings have not been SO heavy
the past week as in the previous weeks.
This falling off is also charged up to the
change in the weather and the prom
Use Of rains In the near future. Taken
as whole, the wheat market may be
said to have resumed the normal condi-
tons that prevailed prior to the crop
damage scare.
CORN FAIRLY STEADY.
Corn has ruled fairly steady the past
week There has been no especial feat
ure in the market. Demand has been
fairly heavy at times and again there has
been falling off in inquiry that kept
prices within the limit. The uncertainty
of the wheat situation had also had
marked effect on corn. From day to day
the changes In quotations have followed
in the wake Of prices given on wheat.
Nothing more is heard of the quality or
corn in the hands Of the farmers. 1t Is
taken for granted that the story about
It's lack of keeping quality was not based
upon strong grounds; IN ract, was ho.n,
ing more than a market rumor, intended
to influence prices. AS wheat goes In
the future so will corn. That Is perhaps
the better way TO sum up the condition
Of that grain.
In oats there has been no especial feat
ure There has been only fair de-
mand and prices have not changed ma
terially
STOCKS ARE INACTIVE.
From a million shares or more per day
the sales of stocks have fallen of until
Saturday showed below the half million
mark There were some days when the
srecialties fluttered about at higher
prices, but the market has not been any
where near as active or strong as 1t was
the previous week. The banks still show
a marked Discrimination to take hold OF
the trusts Money lenders prefer the rail-
roads as collateral, and that has kept the
money market in position OF doubt the
greater part of the week. The bank state
ment was more favorable than Oh the
previous Saturday, and call money could
be had at greatly reduced figure. Brok-
ers were also cautious at the outset, and
arranged for money to carry their deals
through the week. All the standard rail-
roads are fairly strong, and there Is no
evidence of weakness, save in stocks that
are manipulated for purely speculative
pup oses.
SOUTH ST. PAUL LIVE STOCK.
The receipts of live stock at the Union
stock yards, South ST. Paul, last week
were: Cattle, 1888; calves, 4Ss; hogs, S.164;
sheep, 4,123; horses, none; cars. 1874. The
receipts for the previous week were: Cat
tie, 1,47; calves. TAI; hogs. 5,4S7; sheep,
2, 49, horses, none; cars, lac. This shows
a gain Of SO cattle and 1885 sheep, and a
loss of 252 calves, 1,72o hogs and IL cars.
The killings by Swift & Co. were: Cat
tie, 367: calves, is; hogs, S,628; sheep, 1893
The killings for the previous week were:
Cattle, 354; calves, II; hogs, 4,061; sheep,
704. This shows gain of IS cattle and
594 sheep, and loss Of 1 calf and 433
hogs.
The week has been a dull one owing
to continued light receipts. And this in
the face of the high prices prevailing for
the quotations on good cattle of all kinds
at South st. Paul, and practically as high
as at any other point. Good beef stuff
and good quality steer and heifer calves
have been in demand all week. and the
Indications are that the conditions will
not change this week
The hog market all week was one Of the
best that South st. Paul has had for
some time. Prices paid were within a
very small range of Chicago The gen.
eral impression is that the market will
hold up we'll this week, and shippers trib
utary to South st. Paul cannot afford
to pass that market and go elsewhere.
There was a fairly good run Of sheep
last week and everything offered sold
well; in fact, the stuff would not have
brought better prices at any other point.
MIDWAY HORSE MARKET-Minne-
sofa Transfer, st. Paul-Barrett & Zim-
merman's report: The condition of trade
ceptible decrease In the activity in stock
circle was noticed Large quantities Of
horses, especially farm stock, passed
through the market intended for Mani
toba and North Dakota. Prices advanced
about $40 head on good classes of horses
during the week. Buyers were we'll rep
resented and generally placed urgent
orders for high quality horses The trade
this week has all symptoms for activity
The representative sales were as follows:
Drafters, choice to extra. ........... $125Q16D
Drafters, common to good. ......... 95g105
Farm horses, choice to eXtra...... 105G130
Farm horses, common to good. 60@ so
Mules, 1900 OBSERVATION-DISCLOSURES. 75@110
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