St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-04
A VERY QUIET DAY.
And Short Session Largely Given Up to
the Usual Fourth of July
Foolishness.
4 Horrible Suggestion that Operators
Might Hire Out as Har-
vest Hands.
The Markets Close Slightly Lower,
But Firm. Owing to the Long
Holiday.
stock Market Firm With But Little
Business and that Confined to
the Floor.
Chicago.

the floor hire out as harvest hands If the
market keeps as it is now. They would
have more money and better health at the
end of thirty days. There is nothing in it.
Thus spoke George Brine this morning.
Responded Ben Stautfer: THAT scheme
wouldn't work at all. One-half the men
who are in that big pit at this minute try
ing to bull the market don't know enough
10 carry Il sheaf Of wheat to thresheT. and
the other half haven't got money enough TO
pay for the threShing. They remind me OF
a comparison of old Andy Shaw years ago
"A lot of piSmireS trying to carry away
sack of shot" There was little excitement
on change to-day. 1t being a short day
and a great many Of the members absent,
caused very quiet trading. Few operators
cared TO buy. with the prospect of keeping
deals open until Monday. Another cause
Of the light buying was the expectations OF
heavy receipts of new wheat i'll ST. Louls.
Ii was predicted by several members of the
board that those between to-day and Mon
day would reach fully two hundred cars.
INDIFFERENT ABOUT BUSINESS.
Very few people on the board seemed to
care much for. business, and the younger
members occupied the time by monkey
ing" as they expressed ii. Despite the
efforts of the floor committee to keep order,
the roaring of the bulls and bears was al
most drowned toward the close of the ses-
sion by the discharge Of fire-crackerS and
the explosion of torpedOes. PandemoL!isn7
reigned supreme during the. LAST live NM
uteS of the session. and Il was Impossible
TO transact any business. Under the influence
Of fine weather and lower cables, more favor
able crop reports, a contemplated advance
in east bound freight rates and great weak
in I mis- ia
a lower for August and September, and
sold down &c more to SSN. when it re-
manned dull md heavy through the great
part Of the session. This. however. is
always the season of the year when low
prices are looked for, and no one is greatly
Inspired, except those whose margins are
nearly exhausted. Liverpool was steady
and
CARGOEs QUIET,
with a Cd decline for California off coast
Stocks in London July 1 were reported to-
day at $50, OO004OO. GOO quarters of wheat.
50.000@60. 600 quarters of corn and $50, 900
0700, 600 barrels of flour. There was no
market at New Y orl.. but ST. Louis opened
&c lower and declined &c more. The
bears naturally feel jubilant over the sue
cess of their prophecies and efforts, and the
bulls are sorry the market does moi go their
y
situation remain unchanged and temporary
fluctuations do not obliterate them. At the
same time, it is not 10 be overlooked that
the present supply Of wheat is very abmd-
ant. however great the scarcity may become
M the future, and whenever and wherever
the supply exceeds the demand the prices
will and must decline by the operation of
natural law. Such decline is now being
experienced. The latter part of the session
was largely given up to celebrating the
Fourth. The close was &c under yester-
daE.-7ai SIC for July. soc Tor August, 81 sc
cor September, and % IS for October.
\ s,Tr>oF TRADING DONE.
After the little taders had evened up for
the holiday quite large amount of long
stuff was sold by Baker and one or two
others OH stop orders. and thereafter the
day was given mp to the explosion of occa-
sOnal fire-crackers. UnfaVorable reports
about Kentucky and Tennessee were offset
by the statement that the alleged increase
or estimated figures in Kansas was myth.
but in the face of all the market sagged
steadily. No interest whatever was taken
by its usual supporters, many of them leav-
inc at II o'clock, the final close for the day
being al I. The principal trading was done
III August. though the longer heads are
taking chances on September. There were
some cash transactions in corn. but as in
everything else obey were few and far be-
tween. The course Of the market was one
OF great steadinesS. there being no trade of
sufficient magnitude to materially affect the
market one way or the other Bailey was
about the heaviest operator in this cereal.
Liverpool was slow on corn and . penny
per Genial lower. st. Louis was also &c
lower for August, but our
MARKET REFUSED TO BULGE
more than sc either way. Prime reports
the weather as still too cool for com. and
the average condition Of the crop at the
present time he places at 50 per cent
These facts, together with the small amount
in store and the moderate arrivals. keep the
market steady and firm. The last hours
training was more nominal than real, and
the close rather lower than yesterday at
4715c for July, August and September. and
47c for October. The market continued
firm in spite of bear influences. much of
the July sales being yet undelivered and
there Is an actual scarcity of spot corn.
Oats were quiet all through the session and
weakness was the prevailing feature, prices
showing shrinkage of 15@4 per cent.
For seller the month, sales were at .3l3Ic
down to Size, closing at 311S@311Ic.
August sold down to 262Ec, and closed at
that figure. The provision market was
rather active and prices without material
change. Foreign markets quiet and I'M
changed Our market has
BEEN so LIFELESs
all day that there is really nothing to be
said about it. Pork is 215c lower. lard
arc higher and ribs unchanged from yester-
day. Pork was unusually weak, with the
tendency still lower and regular and heavy
,leceipts at the yards being sufficient TO cause
depression of itself; it was also suggested
that The present would be an excellent time
To talk Of yellow fever in the South and
cholera everywhere, these being conditions
when the flesh of the unclean animal is not
in demand. The close was $40. O5@1G. 1917
for July and August for pork; Sc. 5215(@
6.6215 for July and August for lard. Short
ribs, July and August, $5.271505. 3215.
At the stock yards the receipts were liberal.
with a steady range of values on fat cattle
and a lower range on Texans The hog
market was rather slow, and prices a shade
lower. Receipts of hogs at the three lead
ing points about 26, 500, of which Chicago
gets about 1900.
The Quotations
CHICAGO. July 3.-Flour quiet and nm
changed. Wheat opened &c lower. and under
heavy offerings declined &c additional. raj