St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-03
SAINT PAUL.
Additional City News on tie Eighth Page.
CHIT CHAT CORNER.


Stock Market EchOes---OId Manu-
scripts Secured stage Coach
ACKNOWLEDGEMENTS of the Wheat
Pit-Mr. Wizards Best Friends.
1.-The break in wheat did not come
to-day" said Z. J. Cattell, ''althOugh
nearly every one outside of Hutchinson
looked for it. In place of weakness, the
steam let out of September seemed to
have gone INTO December wheat. When
is it going to end? This is the question
asked OH all sides. Foreign markets
have not followed our advance. New
York lags behind and receipts are in
creaSing daily. The visible supply to-
day showed an increase of over 100000,
and last week it decreased as much.
Conservative bulls have all unloaded,
and the majority of shorts have COW
cred. Facing a corn crop the greatest
ever known. with a surplus OF produc-
ton over last year greater than the en-
tire wheat crop, winter ana spring, can
the present prices be maintained. The
danger lies in heavy foreign selling OF
futures. breaking the market and Shakig
out thinly-margined wheat. The mar
ket is full of ''sbOestring wheat
wheat bought on faith and penny
=
ii comes to raising the dead, but it takes
a pretty good lag Of it to raise De
cember wheat above Sl.OS and hold it
there. The interest in speculation is
broadening every day. Men are watch
ing the ticker who have been absent
from the street for years. and every
brokers' Office can furnish its quota of
old "cheStnuts." The stock market
continues strong, many stocks today
registering the highest prices of the
year the Vanderbilt and Gould prop
critics leading the advance.
~
Col. Allen-I'm out Of politics. There
was time when | was around among
the boys and helped to whoop it up for
the candidate, but now / have some
thing else to attend TO- | am not half as
frisky as | was years ago. when l ran a
stage coach, and when DR.. Murphy was
Scurrying around building up his prac-
tice on big pills and running his prac-
teal Jokes on people. Those were glO-
rious days, but the railroads have
driven the patriots and the benefactorS
of the people. who ran the stage coaches,
out Of business.
j. Fletcher Williams. secretary of the
State Historical society, returned home
Sunday after a four months tour
abroad. During the trip he visited all
the principal countries Of Europe, and
with the assistance of Prof. 0. l..
Spadoni, an experienced guide of Rome,
"did'' all the large cities of the Old
World. lie also took in a number of
the finest libraries and collected great
many important manuscripts. The
weather Oh the return "Trip was very
on nd r. Williams rlan
enough to set foot again on his native
heath.
Mr.. Tallmadge, secretary of the
chamber of commerce, yesterday re-
ceived a letter from Henry Willard,
which closes with the following words:
81 expect to visit your city the first part
of October, and hope to have the pleas
ure Of greeting once more my kind St.
Paul friends" 1t was the fall Of 1888,
just five years ago, that Mr.. Willard
was given the grandeSt reception in
st. Paul that any man ever received
here. 1t was. in every respect. nOta-
bic occasion, and, what was more i'm
portant and significant. it was a
thoroughly sincere and honest
expression of admiration and
respect for a man who had
carried to a successful result one of the
grandeSt and most important public en-
teTprises undertaken on this continent.
From the moment Mr.. Willard stepped
Inside the boundary of st. Paul until
his departure he received a continuous
ovation, and nobody will rejoice so
heartily as the people of St. Paul to see
Mr.. Willard back again with his enemies
underneath.
Said a gentleman of q reflective turn
of mind at the Merchants yesterday:
ever since September wheat was col
Jared by Old Hutch and rushed with
phenomenal celebrity from the dollar to
the two dollar mark, visions of fortunes
TO he made have been fitting athwart
the brains of great many people in
this city, and numbers of them have
been tempted to visit the brokers' and
bucket shops to try their luck.
The majority of those have been
young men with salaries averaging
from $50 to SO per month, and who
could i'll afford 10 elbow in" their petty
earnings in such hazardous business.
Some have bought, and some have sold.
but the market has fiuctuated up and
down in tantaliZing sort of way and
frOZe out the small fry with dimutive
margins. 1t is this kind of foolish
speculation that tends to peculations,
shortage of accounts, forgerieS, ETC.,
and the young man who would pre-
serve his peace of mind and secure HIM
self against a possible fall from grace
should avoid the wheat pit as he would