Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1893-07-13

Chicago, July 10.-Grain was weak
and provisions strong. Wheat closed
at decline of 1-2c and corn lost 3-Sc
Pork is 35c higher and lard and ribs
each lie over Saturdays closing
prices.
Wheat started rather weak at a de-
cline of 3-Sc since Saturday for the Sep
TENDER delivery. The news which came
to hand previous to the opening was
more favorable than otherwise to the
bulls, but a calm study of the immedi-
ate probabilities had perhaps led them
to consider the prospect of an advance
of &c per bushel between now and
Sept. l rather dim, and that amount
has to be added to the present value
at importing points before they get to
the level of the Chicago speculative
grade for September delivery. In the
meantime the export houses here say
that they are not even being asked the
price of wheat by their foreign cor
respondents.
The market recovered it's tone to a
moderate extent after the first few
minutes trading, but there was plenty
for sale on the bulgeS for a time, and
that caused numerous fluctuations over
Il somewhat narrow range while the
trade was waiting for the result at the
visible supply statement. Prices aver
aged firm even when previous to the
final returns of the visible an increase
of over 100000 bu was shown on the
board. The opening for September was
at from 70 IA to 10 3-4c, and it changed
between the latter price and 70 3-Sc,
many times in the course of the fore
noon, and once while the visible was
still an uncertainty it ran up to 20 7-Sc.
The first cablegramS reported de-
crease of LIZA, 900 bu on ocean passage,
and only 100000 bu shipped from India
last week. The Liverpool market was
called firm but not active. The Mich
igan state crop report indicated yield
of 20,S95,0 900 bu, against 23,S64,O 900 bu
last year and 3O,1O0O00O bu in 1891
russian crops We're said to have i'm
proved since June /. Those were the
chief items of interest in the dis
patches.
The visible supply finally resolved it
self into decrease Of 1877 900 bu, com
pared with a 1, 1320O0 blu decrease on
the corresponding week Of last year.
The total now amounts to G1,S19,O0O blu
and Chicago holds of that 1876, 900
bu The market became quite weak
after that and closed at the lowest
prices for the day-7O 1-SlI7O lie for
September and 70 5-Sc for December.
Corn was weaker. THE edge was
off the foreign demand" said one of
the principal shippers, and offers are
not now within l lac per bu of what
they ywere on Friday, while Chicago is
only Lie lower"
The edge may be off the foreign de-
mand, but the fodder crops of Europe
cannot have been almost totally de-
Stroyed and has been claimed, without
their being compelled to keep Il sharp
edge on their demand for corn and oats
for the next nine months at least. All
the orders which Europe is likely to
send, however. would not likely have
a 2-ccnt influence upon prices here if a
two-billion crop was in prospect.
There were 1900 hogs received to
day where only $4,000 had been looked
for, and consequently every one eX-
pected lower prices for the products.
The opening prices were the lowest
made today, and the closing rates were
not far below the highest. Pork was
marked up 25c per brl without any
business being done in it. Lard at the
close stood 1-2c higher for September
and October than it did on Saturday.
Ribs advanced 20c for July and 1-2c
for September. Armour & Co.'S name
was given upon 1000 tierces of lard
bought
New York, July 1O.-The resumption
of business this morning was marked
by a general decline in railway share
values.
Money on call firm at SG1O. Prime
mercantile paper COS per cent. Sterl
ing exchange is weak, with actual bush
ness in bankers bills at 49, Ii fol-
SIXTY DAYS and 4S4d4S4 ID for demand
Posted rates 4S364S5. Commercial
bills 1901 PASS ID. Bar silver II
Government bonds firmer; state bonds
dull
Heavy selling of stocks for Londor
account. which continued after the
close of business at that point, caused
a notably weak stock market here
The London selling was said to be due
to the embarrassment of Il large house
there whose failure is said to be i'm
minent. There We're also reports O
the liquidation Of the holders of on
of the larger room traders who ha
been rather prominent on the bull side
Money rates were fairly easy, renew
ais generally making at s per cent am
new loans at from 6 to 10 per cent. I
small further issue Of clearinghouse
certificates was made and there wer
no cancellations Sterling eXchang
was dull and the supply of bills wa
rather in excess of the demand. thong
remittances against London's sales o
stocks will presently create a consider
able factor. Loan bills also serve
depresS the market for sterling an
they appear to be plentiful wheneve
warranted by interest rates.
SOMETHING OF A ROMANCE.
A Man Who Marries His Wife
Second Time.