The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-07

81 1UulS Oo1S pJ1S
New York ........ ...............7S1s 1879
These figures show a decline of 11sc at
Minneapolis, 11sc at Chicago, lie at Duluth,
1c at st. Louis and Sc at New York.
The principal feature at the opening on
Monday was the continued uncertainty as
to the possible outcome of the controversy
between England and France over the
Fashoda incident There VS. a rally in
prices On Tuesday at Liverpool which seemed
for time to afford considerable encourage
ment to the bull element on the Chicago
board. The following day there consid-
cradle variableness in the cables from Liver
pool, causing much uncertainty and inds-
cision of action among the operators. The
news on Thursday caused some dsappoint-
ment to the holders of long stocks for the
reason that the advance which had charac-
terized the close of the Liverpool market the
day previous disappeared. There was also
an element of weakness because of the con-
siderable increase in the receipts at Chicago
above those for the corresponding period Of
last year. By Friday the conviction had TAX
en- hold of the business mind pretty gener-
ally that the troubles between France and
England were on the eve Of satisfactory and
peaceful adjustment and this expectation
was realized on Saturday morning, when the
announcement by Lord Salisbury, at the
Kitchener banquet, in London, on Friday
night, that he had received official advices
from the French government that it's troops
would be withdrawn from the invaded ter
ritory, was published. Perp,exity was adde d
to the bulls, also, because of the repol IS
by Broomhall the condition of the Rus
sian crops which are now declared to be
much more voluminous than has hitherto
been anticipated. Russia is reported to have
begun export shipments, and with con-
tinuation Of this process, notwiths landing
the fact that there is a considerable call
from Southern Europe for breadstuffs. the
effect may naturally be supposed to be in
favor of the bear element. 1t is apparent
that wheat is coming forward from the
Northwestern producers fully equal to the
predictions that have been made in this di-
rection with corresponding disappointment to
those who have believed that the farmers
would be disposed to withhold their SO ks
for an Improvement in price. There is nc. h
ing in the export situation to lead to the
suppositon that the clearaIces will be more
than normal at this season of the year.
The Northwestern Miller, in its review.
says:
servative men are constrained to feel tat
current values are low, and that there IS
some room for a legitimate appreciation
Though theft worlds crop is figured t. be
equal to all requirements, there is lit Ie
margin to go upon in accommodating reser rye
stocks which We're so thoroughly exhausted
last year. This fact lends encouragement
to the belief that wheat is more Iike.y t.
advance than to decline.
Some Of the elevator men are reported to
be OF the opinion it is time to begin acculnu-
lating. The fact of there being no carryi q
charge up TO this time and little prospect
Of the realization of one has been source
OF much anxiety for the elevator men, as
they could see no way whereby they were to
give their property an earning capacity.
COMPARATIVE WHEAT RECEIPTS.
Receipts of wheat at winter and spring
gram markets for eighteen weeks July l to