St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-10
Business Discouragingly Dull, with but
Little Interesting News Worth
Gossiping About,
Yet There Was Firmer Feeling, Which
Is Accounted for in More
Ways Than One.
Little Business in Commercial Circles,
But All Hope for Buster
Time Soon.
Stocks Strong on the Probability OF
the Adjustment of the Trunk
Line Troubles.
Chicago.
Special TO the Globe

suit of the days work, while brokers when
depend largely on sort of overflow buSl-
ness. or get their orders from houses, who,
for obvious reasons, wish to cover up their
tracks, are having a particularly hard time
of it. Outside orders are getting so scarce
that the receipt of one attracts general at
tention. Home business is so small and so
unimportant that no necessity exists for do
ing it in very quiet manner. Members
say the market must show signs OF COCO
deal more life than it exhibits at present
before 1.-THE country" will come in TO any
great extent. Talmage's crop reports cut a
figure at the opening to-day, which was
very strong. 1t is claimed by that statfs-
tician that there has been no improvement
anywhere within the past ten days, and
that the yield cannot exceed the estimate
previously given. In many sections OF
Minnesota serious damage is reported, and
the Wisconsin thresh-out will not be more
than rs per cent. of that of last year. In
Kansas the rains are
INTERFERING SERIOUSLY
with the harvesting, and last, but by no
means least, the one and only Prime has
ascertained that the yield in Southern Hi
noiS will average from four TO SIX bushels
per acre. AS if this were not enough,
prices abroad were reported firm. August
wheat started at S9Hc, an advance OF sc,
and quickly advanced to &c, with Septem-
Der &c higher. During the forenoon quite
large outside support was received, the
granger having apparently become satisfied
that the prevailing rains were liable TO
cause great injury, and he made his appear
ance by wire in quite large numbers i'll his
natural character as a rampant bull. The
change Of tactics of some of the heavier
1aa1arS NVac' somewhat remarkable KISS
who yesterday was bear with blood in
both eyes, appeared as a bull with tail erect
and paving the earth, and in his new role
was ably supported by Driver. Lester u
Co. and Roche sold heavily through brokers,
and Eldridge & Co. were reported quiet
purchasers. Toward the close quite
weakening took place, occasioned princi-
pally by reports of cholera in France,
though it was more on account of the belief
that the market
HAD BEEN OVERSOLD.
The fear of the little fellows to hold over
night is nearly as apparent as at the old
board during the Russia war excitement, and
like drove of sheep they all wanted to get
under cover at once with the usual result of
a break. Cash wheat was in exceedingly
active demand at 9915c bid, and there was
rumor afloat that it was being crowded up
i'll order to affect the options. This how
ever, is undoubtedly a mistake, as millers
assert an error has occurred in the state
ment of flour on hand and the grain is
wanted for legitimate milling purposes.
The close. at 1 O'Clock, for July and August
deliveries was about &c below that Of yes
terday afternoon, while for September and
later deliveries prices were relatively some
what better sustained. July wheat ruled
at about nc below August, which is no.
ticeable inasmuch as a third of the month
has nearly passed without proportionate re-
duction in the carrying charge, which re-
mains fully as high as at its commence
ment. Foreign advices were rather
unfavorable, the feeling being represented
as weak, with no demand. New York was
dull, only one boat load having been sold
for export. Reports Of cholera in France
TENDED TO WEAKEN
the tone there, and to some extent here
also. This afternoon there was continued
disposition to sell, and the market further
declined &c, closing SS15c August, 9O5sc,
September, 921lc October. The decline
for the day has been &c, with an unsettled
and nervous feeling at close. Nothing
definite is known concerning the regular
monthly government report to be announced
tomorrow, and the general expectation
here is that it will show no important
change from Dat of a month ago.
Corn kept up its reputation for stability
by continuing to hug the figures AZ
through most of the early session. At the
opening it was above that point. but soon
sank back to its old, well-wom rut Liver
pool was steady on corn, but the amount on
passage was reported TO be 60, 600 quarters
less than last week. The opening was
slightly weaker, with more liberal selling
by holders, and for current month delivery.
The market fell off &c as compared with
that Of yesterday afternoon. All deliveries
show
THE SAME DECLINE,
and the feeling at the close of the morning
session was tame, at about the inside prices
touched. This weakness was carried into
the afternoon session, prices at the close of
which were again fractionally lower and at
the inside of the day, closing at 47c july.
46Bc August and September, 1870 Octo-
Der. Reports of the growing crop are ia
vorable in all directions, and it is only a
question of time when present prices will
soon give way before the desire to realize
on the part of holders. unless there is no old
corn in the country to be sent forward.
which contingency is not accepted as prob
able.
Oats were held firmer. but the volume of
business transacted was light Prices
were shade higher for the near future
but unchanged for the long futures. No. 3
closed at SIC for July, $3.50 for August.
and 25%c for September.
Provisions opened at fraction above
yesterdays closing for the long futures. but
broke early on a sensational report of three
cases of cholera in Paris. The decline was
only for a short time, however, and the
lowest Ilninf rna0hnH 1Nroc co e,
or only sc below the opening. September
pork also declined sc, but the October
future did not seem to be much affected and
closed at the opening. The general ten
dency in the provision pit was downward.
whether this effect could be attributed to
natural causes or to Peter McGeoch's but
tOn-hole bouquet it would be.difficult to say.
At any rate Peter circulated among the
boys pretty freely during the morning ses-
sion and they all appeared to be glad to see
him, as he had not been on the board be-
fore in many a week. Pork closed 50. 92 d
August, $40 September, SOLO October.
The trade in lard and ribs was almost en-
tirely local and the market dull, the close
for August and September being: Lard
$5.521506.6 21a; short ribs S5.27@5.35
The Quotations.
CHICAGO, July 9.-Flour dull and un-
changed. Wheat unsettled and feverish
The buying was eager and general at the
opening, with prices at 3S015c higher; fell
back sc on reports of grain out of condi-
ton in New York, rallied 14c,but fell of again
on reports of cholera inaFrance and closed q
under yesterday. Sales ranged: July, S6%
lS73Sc, closed S65sc; August, SS1%6Ss15c.
closed at SS15c; September, 90s4G9I15c.
closed at 90s4. Corn fairly active but weaker:
prices declined 1&c and closed $sc under yes
terday; cash, 471lc; July, 4714@4724c, closed
at 4T14@472sc; August, 4e7S@47ssc, closed at