St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-27
THEY'RE DEAD, SURE.
Unusually Favorable Conditions
Fail to Revive the Pro-
duce Markets.
The Stock Market Depressed More
Than Ever by the Prospects of
Rate War.
The Visible Supply of Grain Rapidly Re-
duced Without Visibly Active
Demand.
Now Is the Time When Your Broker
Would Welcome Amy Kind of
Order.
CHICAGO.



private telegrams from New York stated that the
figures OF the statistican at that point would
confirm the estimates OF the Chicago compiler.
The effect of such a change an active market
would have been little short Of clectrifying, but
it only helped to put the market here up a cent,
though the disposition not to sell much wheat
short was made stronger and more general, and
for Il time trade was liyened up somewhat. The
extreme duness on change even under such
circumstances, well illustrated to-day by the ex-
preston Of Il board of trade man who asserted
that on a busy day when the markets active,
we do more in fifteen minutes than is now done
in Il week.
Added to the decrease in the visible supply
was the bullish influence OF a foreign which
now begins to be felt to a slight degree, Opposed
to these the usually heavy cables and large
local receipts Had the latter showed decrease
in proportion to the amount in sight 1t is believed
that the Jush feeling occasioned would have
been strong enough to have induced much more
active state Of affairs. The exports from the
principal Atlantic sea ports last month were 1885,,
coo barrels Of flour, :, 2,225,OO0 bushels Of wheat
and 5O5, 900 bushels of corn, and the exports Of
wheat and nour for the first seven months Of
1854. rs compared with the corresponding months
Of 1883, show an increase equal to 2,7S7, ,092
bushels of wheat
Wheat closed 1c above yesterday at 79c for
September. Corn closed at an advance Of ia a.
llac, the last for September, on which the last
figure was 52l. c. Oats went up l6 for Septem-
Der and &c for October. Provisions attracted
but slight attention. though railing firm and
showing an advance at the close OF 1Oc on lard
and 51s7l4c on ribs, these advances being on
September and October options respectively,
The bears made strong effort to break the
the wheat market this morning but did not sue
coed, and when the visible supply was posted
showing un unexpected decrease, the bulls were
quick TO rctaliate and were successful in forcing
the market up a peg or twos but there was too
much inherent heavness in the situation for a
very ready response, and after going up 3
slight reaction set in and the close on the morn
in. board at about 50 over yesterdays last
sales, but in the afternoon the whole list went
up under the influence of Il better feeling IN Liv-
arpool aud New York and the close was at the
thD highest figures Of the day, sales, however,
were generally confined to the scaipcrs, and the
only larg, operator who is spoken Of rs having
becum the wheat pit to day is Bliss, who is said
TO have bought at S0Ac, October. 1t is rumored
that number Of the heavy traders change
have become quite pronounced bulls. Among
them are said to be r. W. Durham OF VIM.
Young S CO., Hamiu, Baker, Cobb and others.
They belong to that large aud growing faction
who refuse any longer to sell wheat below soc.
september opened at Yesterday close and closed
at 1gc, the hgcest point Of the day. October
opened the same Mt 70&ec, and closed 1c above
the opening but a below the highest point
Corn was the highest article on the list during
thcmorning session 1t registered an advance
Of lc and on the afternoon board it went up so
l.c more. This strength was induced mainly by
the heavy decrease Of 100000 bushels in the
visible supply, though partly by the talk of frost
east and by the absence of selling orders. Yes
trrday the market went down under the effect OF
several million bushels thrown on the market by
the advances. To-day there were plenty OF buy
iug orders but there was no concentrated sellers
and as the speculative demand was for the time
being largely In excess OF the supply. The bulls
prodled slightly by the situation Herman S.
Pruaucc returned Yesterday from trip through
the corn belt of Iowa, Illinois aud Missouri, and
he says that II the frost holds OIL ten days longer
the farmers will have TO move west in order to
find room for their corn cribs this fall The
opening WAS rather easier than that OF wheat
being Quotable Il lower, but the early figures
were the lowest OF the day. The best friends
corn had were Bliss, Comstock, Canther Mat
tbrws. Adams and Baker. All took consider.
uble and helped to give the market frmness.
Mead Beach were the principal sellers The
September option opened at yesterdays close,
5o1. G., and closed ut 52tc, and October opened
lac closer, at i9c aud closed at 50l,c
oats ruled heavy and weak for cash. but held
up wcu FOR futures, September, October and May
being in fair request, aud A8ac higher, the
close Tor September being - Is c. and for October
2E'.c
A LITTLE moro life was exhibited IN the provis-
ion market but the feeling was somewhat unset
tied and prices irregular. Early in the day the
markc, WAS weaker, and lower prices were ac-
ceI.,i ou all leading descriptions, 6ut later n
stronger feeling developed and prices rallied
again. though outside figures were not entirely
fas.awed TO thc close. The shipping demand
wa light. foreign advices uutAyorable, and east
cru warj,rt, quiet. Lard was moderately active,
Prices early fell OF . q Ct5c, but later under Il
fair demand, Went mp 12}, % i5c, and closed at
$50 Tor September aud $3.50 for October, a
gain ot Zoe over yesterdays close Ribs were
rather quiet, and closed steady at 5000 for Sep
tvnbcr, au advance Of sc, and at S9.s2 for Octo-
rty. au advance ot 2's &c. Nothing was doing in
pork.
There were about i65 cars Of range stock with
,b. receipts OF cattle, among which were seventy
t,t cars OK through Texans for the northwest.
THE market gVncr8y was very quiet. There
WAS hUt light inquiry for good natives and but
few uD sale. The great bulk OF the fresh re.
cc.pts were rangers, and among them were Il
uumhcr % droycs that were good enough for
shipment ov the dressed beef trade The supply
OF canning stock was light and the demand rather
im.-cd There were but few stockcrs or feeders
among the offerings, The best natives may be
quoted at SG.i0a5, stockers Ss.500S.5O, feeders
SS.ios4Sa. Texans S.. 25DA50, Montanss, Wyo-
uiu-s and orcrous S3.50G5.
THE hog market opened slow with few sales
astadc lower than at the close last night, but
h'tg there was better demand with slight ad-
yau1co on the best heavy, yet the market under
went tttle or no change and closed stesdy with
about an sold. Light sorts remain dull and
C-.~~e-- are selling AZ about whatever the gales
m,u can get There is no fixed or comparative
valves or grassers. The best light sold sold at a
range ot s.. c6.4o, and the heavy at $3.50
F.52is. while grassers may be quoted at IS to
$50.
sheep market quiet with prices unchanged.
N,mt1e BojmAu < Co say: Speculation now
consists lsrgely of spreads between this market
anj others, buying in New York against rates
here, some option AZ iOG 70 lie difference and
buying 81. Louis snd Toledo against sales here.
~ course IL there IS too much Of this done 1t may
create heavy shortage in Jhis market We have
generally found Jhis poor market for the short
Lex of thg stysddie. We see nothing yet in the
general situation wagrantiug any material i'm
proycmeu' i'm values We think 1t can only come
f-"n An imoyovod export demand on 4 falling of