Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-08-23

board of all responsibility in respect
to such product"
The vote upon the report among the
directors stood yeas Z, nays 4. By many
it is regarded as equivocal, and as lodging
the main issue. Neither McGeoch nor the
Fowler's are in the city at present.
Mr., Clifton, of Fowler Bros, said: ''No,
the report of the directors of the board is
not satisfactory to US. 1t seems that our
machinery has been on trial and not the
lard we have manufactured. We consider
that there is no better machinery in Amer
lea for our manufacturing purposes than
that in our works here. We have devoted
great deal of time and money to the
perfection or our machinery aud do not
feel that such body of men as the board
of directors of the board of trade who
knew little or nothing of such
matters, are competent to Judge
of or criticize our methods of manufactur-
ing. The feeling among packers will be
one of dissatisfaction, but wish to say
nothing further on the subject whatever.
"The report, as I understand it." said
Mr.. Everingham, of McGeoch, Everingham
& Co., twas handsome whitewash for
Fowler Bros. 1 don't know that care to
say anything about this matter yet, for
many reasons. Still, l feel that if our own
firm had not been in unfortunate cireum-
stances the color of this report might have
been very different one. The directors
of the board are chosen from all branches
of business represented in Chicago-bro-
kers, commission men, packers, provision
men, option dealers, etc., and it is very
natural that such body of men should
submit such a report as was read this
morning. The board of directors
could only recommend the expulsion of
| Fowler Bros. in case they refused to pay
| to us the difference between the price we
paid them for their adulterated lard and
the amount we were forced to sell it at
when its true brand was made known.
This difference would approximate $780,
900. 1 do not know what the general
feeling on the board is, but SO far as the
board of directors is concerned, the under
dog is very evidently less thought of prsc-
tically than theoretically. Our opinion of
the report we may give the public later"
So far as actual business is concerned
the board might almost as we'll adjourn,
as transactions are almost nothing, and
the time OF the session is given up to by
play. Everything opened weak
this morning but without in
clinat1on to trade. Some shorts
were disposed to cover on corn, and their
anxiety started prices up and other mar
kets sympathized. The report of devas-
ting cyclines in Minnesota and the cold
wave in the southwest probably stimu-
lated prices as much as anything. Had it
not been for this corn would have gone
lower. Few outside orders were received,
the Western Union company not being
| yet in shape to handle business to all
points.
Wheat opened &c under yesterday, with
more sellers than buyers. The feeling was
somewhat nervous, but not enough so to
cause any particular movement in prices.
Local operators had the field pretty much
to themselves and did not show much dis
position to trade, excepting on limited
scale. Influenced by the advance in corn the
market gained some strength and advanced
1ac over inside figures. The apprecia-
ton, however, brought out sellers and was
in part lost, the close being about the
same as yesterday. The receipts were
smaller than usual. but there were no
shipments of moment and no charters.
! Winter wheat is held firmer.
Corn was the only market showing any
life. This trade was active and during the
first half of the day excited and somewhat
higher Reports of cold wave in the
northwest, coupled with falling
of on the receipts as compared with the
two previous days of the week, and a good
legitimate demand for cash corn, develop
ed an unexpected degree of strength in the
market around the opening. During the
morning prices were advanced fully PC
over yesterdays closing but subsequently,
feeling the most of this
improvement was quickly lost
At the adjournment cash and August corn
was 38@15c higher than yesterday, and
the later futures 15@ &c. Cash corn was
active and in the morning the offerings
were taken readily at advancing prices
Later it ruled easier and slower. The re-
ceipts although smaller then yesterday
were still quite large, while the shipments
and charters were small. Local bears
hammered the market at every sign OF
weakness.
Oats were firm and niger. The specula
; tive demand was quite early, being in
creased by the advance in corn. Cast
: ranged q higher apd futures improved
20 q for August aud d 15c for Longer
deliveries. Late in the session the mar
ket acted more quiet and the offerings
: continued only moderate and steady
market was maintained. Sample lott
were frmer early but the demand
was finally supplied. Some oats remained
: unsold and a weaker market followed
The receipts were again large.
Rye was weak and shade easier, with
only moderate demand, mainly specula
tive and confined mostly to cash.
TIE provisions market ruled very dul