The age-herald., 1899-09-01
Ta,bott & paimer,s Grain Letter

TaIDOtf ~ Phlmerh AN'"Oi
 By Private Wire from Ware 6 Leland
 Chicago. August 31-Wheat: Liverpool closed h lower, London quiet, b lower Paris unchanged; flour 10 cents lower Antwerp quiet. The strength or the conti- mental market as reflects as the shortage of crops in eastern Europe. In the ex- treme northwest temperatures were on the frost line. for the northwest fair mad warmer weather predicted Frosts Tn Manitoba may cut down the large previous estimates materially. Price Current esti- mated winter wheat east of Rocky Noun tains 1S0 million under last year, spring wheat seventy million. The trade were afraid that late revisions might be made on figures and are now inclined to wait for government statistics. Minneapolis stocks will be increased about 65O,0OO busasls. Re ceipts at winter points are falling off. Clearances S95, ,OOO As nigh as sixty loads reported for export which we cannot con- firm Minneapolis flour sales yesterday 20 900 barrels. Millers report unsatlsfac- tory demand. The closing was heavy. There was some commission house buy ing of the deferred futures but Sptem- Der was on tap all day. The trade has been fearful of large deliveries tomorrow in all of the principal markets, consequently it ran away from them. Elevator people were buyers of September, and sellers of Decem- ber With liquidationS well out of the way no doubt there will be an improvement in values. Should it develop that spring wheat will turn out better in weight and quality than expected, 1t will be stimulus to values and create good demand. The northwest were sellers today and predict larger receipts.
 Corn: Charters sOO.OOO. Price Current re- port was bullish and there is good deal of bull talk here. Trade was dull
 Oats were extremely dull and feature less.
 Provisions: Hogs were 15 cents lower and this weakened values. Shipments of lard 2,250.00O pounds; meats 2,560000 pounds. Deliveries will no doubt be liberal.
 Taibott & PaImer's Stock Letter
 By Private Wire from the New York Sun
 New York, August S1.-The stock market today continued irregular. but the tendency of majority of the list was still toward a higher level. number of circumstances contributed to the upward tendency, the chief cause of which was the apparently more tranquil foreign political situation
 which was reflected not only in a general advance in London but also in purchases
 for foreign account here which aggregated
 fully 5000 shares. Aside from this ordi-
 narily effective circumstance there were
 number of excellent statements of railway
 traffic submitted, including Burlington and Quincy for July, while the money market gave. no further indications of moro rather professional In character, or at any rate the most pronounced moves in prices seemed to result from the operations of the various manipulatve pools and the larger professional operators in and out of the board room. Business began with no sub stantial contributions to the general out side situation over night, apart from the more optimistic views entertained abroad in respect of the latter was the immediate establishment at the opening of business of a materially high range of prices through out the list, subsequently, common and substantial reaction was noted which was in the main attributed to apprehensons of more stringent money market conditions and these were chiefly based upon the ex- pectations of a large decrease in the sur | plus reserves of banks in the Saturday statement. Consolidated Gas continued to go up and the strength was commonly and | reasonably assumed to reflect more pro. nounced progress towards settlement of the war of rates. Sugar and Republic Steel were very a strong while Tobacco | stocks were reactionary. In the last hour the market suffered general reaction on profit taking and aggressive operations for a decline. -4Ia..:.' :.