St. Paul daily globe., 1884-07-24
LOUISVILLE & NASHVILLE.
This Usually Weak Stock Gets a
Rousing Boom From Its Lon
don Holders.
Other Shares Fall in Line, and Wall
Street Has an Unusually
Bright Day.
Yellow Fever, Cholera and Failures Make
Chicago Spectators Feel Very I'm
comfortable Indeed.
The Cereal and Provision Markets Get
Big Set Back in Consequence.
Chicago.
Especial Telegram to the Globe.

Especial Telegram to the Globe.
CHIcAGo July 23.-The failure of j. IL.
weare, Boogher & Co., the big ST. Louis no
ton man, had depressing influence on the
markets to-day and to this may be added the
report of case of yellow fever in New Or
leans. the effect of which was entirely out of
proportion to its Importance, especially con-
eidering the fact that it was not verified.
After fairly strong opening at a shade bet
ter prices than Yesterdays last sales, wheat
eased off and finally closed on the regular
board 4 % &c lower than yesterdays close
for August, and steady for other futures, and
&c lower for August on the afternoon board,
and asc lower for September. Corn was the
most active of the cereals and advanced g
G0 &c, while oats were 4 Q0 3sc higher.
Very little was doing in provisions until late
IN the session. when the rumor of yellow
fever caused quite break in lard and short
lbs, part of which was recovered. Pork
continued steady, lard closed "a @ ne
lower and short ribs 1215c lower.
Very little was doing in wheat except by
local scalpers. Public cables reported
foreign wheat markets shade higher and
tive demand with a marked falling off in the
imports last week. Late letters say that
stock are much depleted and that they are
Lying from hand to mouth, as it were, in the
expectation that when our crop gets in full
movement they will be able to replenish
their stocks at almost their own price.
They believe we have six-hundred million
crop and will be forced to sell New York
markets are weak and st. Louis dull under
receipts of $4,000 bushels. The opening
was firm at SIC for September, &c higher
than Yesterdays close-and sold
at nc, but when early orders
were filed business became slack
and there was an irregular drop of 19c,
with a rally of &c later. But the report of
a case of yellow fever in New Orleans was
then circulated, and this, together with the
st. Louis failure caused the market to break
&c, and after some fluctuations it closed at
6315c for September, and S21s SC for August.
The posting of the New York statement of
the visible supply probably prevented great
er decline in the pirce of wheat. The New
York statement shows the present visible
supply to be II, 739, ,5SS bushels, which is
9SS, 421 bushels less than the Chicago state
ment made it, making for last week a
decrease of $40, 421 bushels, instead
of an increase of nearly $4,000,
The discrepancy in these statements is easily
explained. The Chicago report includes the
supply of wheat in St. Louis and Minneapo-
lis held there for milling purposes, which
really cannot be considered as portion of
the visible supply of wheat The New York
statement dcducts this amount, presenting q
more approximate estimate of the actual sup
ply. On the afternoon board wheat was weak,
and August sold at S124@S2c, closing at
S1Bc, white September opened at S311sc, sold
down to S3c and closed at S31sc bid.
Corn wls.decdedly the most active market
on Change. A host of small fry dabbled in
it, but the large purchasers were confined
mainly to Comstock, Hutchinson and Adams.
Hutchinson and Adams were early buyers,
but at the highest point Adams commenced
to unload, most of his stuff being taken by
Comstock. The opening figure for Septem-
Der corn was 5435c and its highest point
554c. From this point decline set in, in
huenced by a dropping of of orders to buy
These orders, however, were nearly all of
scalpng nature and entirely local. The close
for September corn at / O'Clock was 5436c,
the same at the opening, and 1 &c higher
than yesterdays close. August closed at
5415c, &c above above yesterdays close. On
the afternoon board the feeling was stronger
and September gained sc, while August
gained &c.
Oats were more active and stronger and
prices held up to an advance of L@1%c.
Provisions opened rather dull, and busi-
ness dragged until advices of the st. Louis
failure and the reports of yellow fever were
received, when sharp break in prices Oc-
CURED, and lard almost Immediately receded
121G@l5c from prices prevailing when the
dispatches were given publicity, and short
ribs went down zoe, while pork, of course,
was not affected in the least. No legitimate
cause would affect pork in its present condi-
ton. In both short ribs and lard the break
occurred too late to be in any measure re-
covered, though the closings were strong at
21s@5c better on short ribs. On the break
the trading was quite fair, and for the last
hour Of the board the provision pit at
tracted universal attention. Lard closed ut
S6.95 for August and S1.0715 for September,
and short ribs at S1.4215 for August, and
$3.50 for September. On The afternoon
board lard was steady and short ribs quite
active and &c lower.
In the live stock market the rainy, dis
agreeable morning interfered somewhat with
business, especially rs far as cattle were con-
cerned, the hog market being less affected.
Trading in cattle was dull until late in the
day. There was n larger per cent. of natives
than for the pastfew days and among those
were some excellent droves. Fat cattle are
at least l0e lower than on Monday and all
sorts of grassy stock have to compete with
the best samples of range cattle. Toward
the end of the day there was fair demand
forexporters and shipping cattle, but second
class and grassers were neglected from first
to hast. Texans were again plentiful, the
fresh receipts aud those carried over making
100 to i25 cars on the market. They sold at
the lowest figures yesterday for the season,
declining as was generally anticipated 109
15c below the current prices of Monday
The prices they sold at Yesterday
show drop of S26eS per head since the down
turn set in. The first Montanas for the
season arrived on Monday, aud the first W.
omiugs to-day, and there were few Colo
radios week or so ago, so that the ranges
are now fairly represented. Common ma
tives, especially cows, are selling at very low
prices.
In the hog market trade opened early and
ruled active with an advance of 5(0I0c ON
the early sales. The advance, as has been the
s.. i.
packing, medium grades and fancy light,