St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-10
SATURDAY SILENCE.
Cereal Speculation as Quiet
as a Frog Pond in Mid
summer.
Everybody Has Wheat and Corn
to Sell, but Buyers are
Scarce.
The Visible Supply Of Wheat Increases
at Rate that Alarms the
Bull Clique.
Ehe Little Boats on the Short Rib Sea
Swamped By the Swell Of the
Great Ships.
Wall Street Bovines Weeping Over the
Might Have Beens in Share
Trading.
CHICAGO.
Especial Telegram to the Globe.

bulls on change, the market being relentlessly
hammered by the bears and prices pounded
down on everything except ribs and pork. The
usual bear arguments bobbed up serenely-
lower cables, dull New York markets, brilliant
weather, liberal receipts, moderate shipments
and favorable reports concerning the harvesting
Of spring wheat.
''sick, sicker, sickest; tell EN- that; it's the
truth"
Such was the answer made early this morning
by an ordinarily very busy broker to a query as
to the opening change The broker sat in
his Office with his heels on top of his closed
desk. He puffed lesurely at good cigar and
mechanically Tipped kernels of into the
spittoon, he contnued
''You never me sitting around like this do
ing nothing did you: Neither did any body else
But I'm going to sit right here till lunch time,
and after lunch, if nothing turns up, I'm going
to sit right here all the afternoon. tried all day
yesterday TO sell 5000 Of September wheat at
Sic, but couldn't do it; to-day there's use
trying. DO you play billiards? Haven't you
got time, eh: Well 90 and write up your story
there nothing to say, you'd better take your
time 10 it,.
The fact Of it being Saturday probably had
something to do with the extreme apathy Of
everything and everybody change, but be-
tween the antaeonistic influences Of prevailing
low prices and bearish reports it is easy to see
how no one would care to do more than was abso-
lutely necessary to protect his deals. The most
depressing report circulated to-day was that
when next weeks statement Of the visible supply
was posted it would show increase OF in the
ncighhorhood Of 3,50O, 900 bushels OF wheat The
probability Of 80 large an increase is scoGed at
by the bulls who regulate their opinions largely
according to the New York statement which does
not include the amount of wheat in the
Minneapolis and ST. Louis mills There are very
few spectators, however who do not forcsee u
gradually growing increase from now on. The
grain markets were weak lower and greatly de-
pressed. There was nothing in sight to make
the general situation less heavy than it had been
for weeks. September wheat closed at 79Bc, Il
drop of q since yesterday, and Sept ember corn
at bic, a drop Of &c. Provisions showed more
strength than grain, but not more life, and lard
fell 5c closing at 81 % for September Pork
for that month went up from $40 to S2O and ribs
showed the only real strength manifested and
went up 2Oc for August and September and 12Hc
for October. The closing figure for September
was SS.2ls. No afternoon board Saturdays
Wheat weak in the opening. September
was lower at sO'ac, but had brief season of
strength under some buying to cover shorts
About ihis time the be"rlsh influence began to
EelI their work ana leading houses such as
h'ker '"uhseIman' schwartz " Dupee, Lester
ana others begun selling. a report from Toledo
TO carr say thAt 'he movement so far this week
""u'A make from ''ooo'ooo TO l''oo'ooo' increase
!" tue next visible supply report ana large IN
crease IN transit To Europe, making the amount
much larger than 1t any previous year mt this
'"u'' ""u'c" soou many hoiuerS TO let co.
AL" '''" ~ CLOCK lnere was pretty STEADY
u''''"c 10 inc ''o7e' "n'ch was at '9'oc Tor sep
''in"'t ANA ~ 'Ue Tor october
w T. "'Ner q co.. SOFA very large lot OF
""S ""''l 'o""9' eS''"la-eu Ut from oooooO TO
''''u'0 'uS"''S' II Is s"'u 10 nave oeen prop
'''5 o'"A"' az " goo" ueH' n'Sner "suFo ana car
re" "'''S to' Eoon """', conservative Trad
-,''.''''' were ''.eE'"P "Pn'"S '"e'r c"eh's TO-
U'' '''' '''''' W so0' ""''' "o" "e'e 9a'o'
ma '''", " '"''" u'''"e WAS out VI 'ne ques-
'' '', '"I. 'i'' "'"' '',N Nv" was 'u"' o' d
lug ""''' - Is se"''"'y "uu''''e" tu"' an "u-
',.' Us @ ,'''g Sp'u''y 'n"' 'n''e inuy DC
w ''9'>9 arc ''Ss '"'" are uSH"'iy
=" " ''''' - ,',s ,''''',o' i"' onl''eS arc
,i ,,t cut p'ou''
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