St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-01
fered the presidency of the Western Union
company. Simmons stands
NEARER TO JAY GOULD

1ereu the presidency OF the western Union
company. Simmons stands
NEARER TO JAY GOULD
than any other man in the west. Last night
after the directors of the board of trade had
fixed the marginal price of corn at 55c Sim
mons, Weare and others of the clique held q
conference TO consider what should be done
in case they were called upon for margins
beyond their power to put up. The result
was that Simmons wired Gould for funds,
and the latter, who, 1t is known, was all
along interested in the deal, responded In an
order on the strongest bank in Chicago,
directing it to allow the clique to
draw on his account to the amount of 81,
100000. As it happened margins were not
called, but if such had been the case the
clique was prepared for any emergency.
1t is now considered that the deal will be
carried through into October. This month
is already short many million bushels. Prices,
it is thought, will remain about where they
are Tor the purpose of encouraging short sell
ing, and when the cliques are ready
THEY WILL AGAIN TAKE HOLD
and send prices slzyward. The fact that Jay
Gould is interested with Simmons in the
deal is significant only because it proves
conclusively that the October corner
will not collapse for want of funds. The
feeling in October and November options
is nervous one. October opened
at size, sold at 561s@574c
and closed on the morning board
at 1870. November opened at 1870, sold
at Acc, and closed at 1880. The best adj
vice that can be given to those who are
thinking OF investing in corn on either side
is that of Punch to those contemplating mar
riage: Don't" The increase in the visi-
BILE supply of corn for the week was 1, 243,-
29S bushels.
Wheat was irregular, fairly active and ner-
Vous. Gables were firm, but an increase of
2,22S, 900 bushels in the visible supply in
duced free selling, and after opening at yes
terday's closed at 7S14c for October, the real
izing sales made by scalpers who were anx-
1ous to secure profits on purchases made yes
terday brought about decline to "a &c.
The break brought out good buying demand,
including good many orders
from outside points, and prices
rallied to about opening figures,
when the bears made another raid on re-
ported heavy receipts at Minneapolis and
beat prices down to the inside figures There
was good demand, however, and all offer
ings were absorbed, the result being another
rally to 7SHc, at which figure the morning
board closed. In the afternoon the feeling
was stronger and the close &c higher at
7S19c. The general sentiment is bullish
and the Jones party are thought to be heavy
buyers through brokers. On the other hand
the export demand is running very light
this week and receipts are coming in freely.
November opened at S014c, sold at s01Sc,
declined to roe, but rallied and closed on the
morning board at S014c, and on the after
noon at S01ac. No. 2 spring was strong
and closed at 7S@7S14c. No. was 2e lower
and closed at Gle. No. 2 red was shade
lower at s01Ec and No. red steady at &c
Oats were dull and trading light, with an
easier feeling at the close, with decline of
Is in October to 25ssc and an advance of
a in May to 29Hc.
There was Chly moderate business in the
provision pit, and the feeling was unsettled,
prices being irregular and averaging lower
Eastern markets were quiet and foreign adj
vices were rather unfavorable to holders,
lard being quoted Cd lower Prices in this
product ruled 15@20c lower, but rallied
somewhat, and the close was 10c lower at
s7.20 for October and 10c higher at 1922
for November. Pork was unchanged for De-
tober, closing at ST, and Sc higher for year
at S11.70. Ribs were weak and lower, with
very little doing. The close was at 1910 for
October, drop of SOC as compared with
yesterday, and at 1915 for September, de-
cline of 25c.
Among the fresh arrivals of cattle, were
about $50 cars of western, aud sixty cars of
Texans. The general market was rather
quiet and values may be quoted as rather
easier all around, with a drop 15020c on
rangers and common natives. Western stock
when good, is preferred to the natives of the
same age and average, and is outselling
common and medium natives. At the de-
cline noticed their was a fair demand for
range stock, and the bulk of the sales were
made within the following quotations ::
Texans. 1895 to 81 %; cows, bulls and tail
ings, 80. 5O@3.75; Wyomings, s4l54.75. One
lot Of Wyoming cows made 1919 and two
lots of Texas COWS, SO. 50@3. 90. There is a
steady demand for stockers and feeders and
stock calves, with no change of note in
prices.
The down turn that set in in hogs over a
week ago continues, and to-day prices
touched the lowest notch for any day during
the past week, the bulk of sales of common
aud rough packing sorts being at "a. 75@5. 10;
Fair to good So. 20@5. 40 and the best heavy
s.. 5005.75. a few shipments made $3.50
@6.OO.