St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-26
HOPEFUL BROKERS.
They Worked Up Yesterday a
Cheerful Advance in
Prices.
And Look for Renewal of Outside
Speculation and Its
Profits.
The Leading Stocks Advanced by Fractions
and Grain Put Up Cent
or Two.
Chic ago and Milwaukee Contradict Each
Other as to Market
influences.
CHICAGO.
Especial Telegram to the Globe.

the weather and the expectation of larger
receipts, but there were good orders to buy,
chiefly from the east, and prices soon turned
upward. Foreign markets were firmly held,
and eastern and winter wheat markets were
higher. The shipping demand con
tnues good in spite of the advance in
freight rates, and receipts do not
come up to expectations. Plenty
of bear news was received but it did not
have the usual weakening effect on prices,
and no rush to sell followed the reports of
two failures in New York and one in
Buffalo. On death from cholera was re-
ported from Mississippi, and it was said that
the person had come from France via New
Orleans, but the news lacked confirmation,
and was not generally believed. Wheat
closed at the highest point OF the day and sc
higher than yesterday for August September
and October. Corn attracted a good deal
of attention aRd advanced 135c above the
opening figure, closing 5sc above yesterdays
last figures, though the feeling on the after
noon board was somewhat unsettled Oats
closed 14c lower for August and 15c higher
for September. Provisions were somewhat
unsettled and prices irregular, the closings
being unchanged for pork, re higher for
lard and 20c higher for short ribs.
The idea that the bucket shops have been
frozen out is a mistaken one. Said the man
ager of one to-day:
Certainly we have the market quotations
on grain. How could we do business with
out them"'
Some of the papers say you're getting no
business to do.''
''Do you see that little machine on that
desk there?' inquired the manager, by way
Of response, indicating a very industrious
ticker. ''WeI, these are the market quota
ions. There is no law to compel US to say
where we get them, but III guarantee they
are just as accurate as you'll find on the reg
uiar board, and that our business is just as
fourishing as theirs, if not more so.n
A fair speculative business was transacted
In the wheat market, though at times trade
was slow and the market quiet. Trading was
chiefly on local account there being no per-
ceptible increase in outside orders. Cables
reported the English market ''dearer on
-four and steady on wheat" " and private
cables say, ''good market upward tendency
uu opbl, anu curry ucllNCilCo. iAC w"
York market showed more strength. 1t is
reported from New York that thus far this
week the exports of wheat from that port
alone have reached an aggregate of over 500,
600 bushels. The bulls say that this week
will show the largest amount of wheBt eX-
ported of any week this year. The st. Louis
market was easier early, but recovered later.
The opening here was shade lower, early
sales being from 1@c to l4c lower than the
closing figures yesterday afternoon, but un-
der a fair demand and only moderate offer
ings prices gradually improved, prices adj
vancing with only slight fluctuations, to
SIZE for September then eased off again,
and after some fluctuations closed at S4l6c
on the regular board. On the afternoon
board wheat was firmer under good demand,
Schwartz " Duprc taking 250, 900 bushels in
single trade, and the closing was S43sc.
August closed on the regular board at S25sc
AMI in the afternoon at S31 SC.
Corn was the center Of attraction The
days trade was mostly in the cash article,
and quite Il large number of outside orders
were filed. The general impression seems
to be that Hutchinson and Main have got the
deal, although there are those who say that
It is Cudshy IL Steyers operating for Armour
The shorts were badly scared by the persist
ent buying of some days past, and showed
considerable disposition to cover, and in aG-
dition Boxer. Hobbs, Walker and the Ad-
amses were buyers. The market opened 4
@asc lower, hut steadily advanced to $50
1t5c over inside figures Later prices re-
ccded &c, and finally closed on the regular
board at 54sl August, and 545Sc September
aul on the afternoon board August was
81 'aly and September Sc lower.
oats were unusually active speculatively
ana attracted a good deal of attention.
Shorts covered freely. Closing prices were Il
shade lower.
moderate business was transacted in the
provision pit but the feeling was somewhat
unsettled and prices ruled irregular. Bliss
was buying lard ut a great rate, aud after a
slightly lower opening prices advanced 1O@
15c. but reacted towards the close, which was
vt S1.09is August and S7.15 September on
the regular board aud steady at about the
came figures in the afternoon.
Short ribs were in fair demand and Offer
ings not quite so free. The market ruled
stronger and prices were advanced l0td15c,
the Improvement being moderately well sus-
tanned August closed at S5.611z and Sep
tomber at S1.55.
Receipts Of cattle at the stock yards to-day
were heavy. Choice fat natives are in fair
demand at steady prices, but all other sorts
were slow with the prospect that they would
sell lower. The supply of Texans was fully
As large rs any day this week, and prices
touched the lowest range for the season,
some straight lots OF steers selling down to
g. per 100.
Receipt Of hogs was fair for SO late in the
week. There was fair demand at the start
with steady range of prices, but at the fin
ish values were straight sc lower all around.
Mccormick Kennett x Day say; 1--WE
think the new crop, the cholera epidemic,
and the financial disturbances have been
discounted, and strongly advise buying
Sheai now, and buying more should it de-
cline cent or two
J. W Ramsey X Co. So we Ss,olc,, that
Chicago parties sold wheat to-day in Liver
pool at better prices than have been obtain
able il. long time, the advance being
caused by the limited stocks there. and as
sc are locally strong further advance is
probable"