The age-herald., 1899-08-19
Ta,bott & Palmer's Grain Letter
By Private Wire from Ware & Leland

By Private Wire from Ware & Leland.
 Chicago, August 18.-Wheat: Liverpool closed Esd lower; London unchanged; Paris unchanged; Antwerp unchanged Argentine shipments, S48,000 against 960,0OO last week. Average condition in the United Kingdom, &.6 against 101.3 last year. St. Petersburg cables drouth in southwestern Russia caused utter loss of winter and spring wheat crop. Beerbohm says very bad re ports about harvest como from Roumanfa. There has been considerable rain in the northwest, and more is indicated. Price Current estimates total crop at $50 ,0o0 We think these figures are too high, judS- ing from the reports tht have been re- ceived from the northwest, which intimate that estimates will have to be materially lesSened. Michigan crop is turning out very poorly. Minneapolis Record says re- oeipts of American flour in the United Kingdom for last year was IS ,257 900 bar rels, an increase of 30o0,G90 over the pre- vious year, and predicts that imports for the ensuing year will exceed that of any year and break all records Northwestern stocks will decrease 100000 bushels, which ought to make good sized decrease in the visible. Toledo wires: Cannot get room for acceptance and nothing being offered from the country." Duluth wired their market only Ac out of line on cash busi- ness. We hear of no wheat for export at seaboard about 300,000 sold here for export and possibly more. Yesterdays sales are said to have been as high as 900,0OO. Clear ances large T48,000. The market opened down on easy cables but there were good buying orders here in the hands of commits sion houses, while St. Louis operators were also on that side. The close was strong while St. Louis operators were also on that side. The close was strong with bull element here much encouraged by the large cash business that has been done, and T. friendly to wheat on soft spots.
 Corn closed firm. There was good buy ing. It looks as if September would sell higher. Oats followed corn, and there was @ good demand.
 Provisions have held up we'll Shipment os product liberal
 Talbott PaImers Stock Letter
 By Private Wire from the New York Sun.
 New York, August 1S.-The stock market today continued exceedingly strong and active under the same general influences that have been effective throughout the week. Todays market was the case yesterday, was further stimulated by pro- nounced advances in Americans in London and the unusually heavy purchases of stocks here for foreign account, the aggre- gate takings being estimated at about 50.000 shares. pronounced revival of in- terest in Americans was reported in the London cables and 1t Is a rather interesting question as to what extent this interest can be expected to be maintained with the for. eign trade balance running so heavily in favor of this country. as 1t Is now, Except for the receipt of a large number of favora- bie traffic returns reported by railroads in different sections of the country, there was little that was new in the days situation The conspicuous features of the railway list were the stocks of the middle grade to which speculative interest has evidently been veering throughout the week There was further substantiai advances in the Atchtesn issues, Missouri Pacific, Union Pacific, Northern Pacific. Southern Pac fife and Louisville and Nashville. Southern railway preferred was notably strong in the early dc alings, but upon the announce ment of the declaration of a dividend of 1 per cent the stock suffered quite sharp reaction. The annual report of the South ern Railway company. which was sub mitted today, was remarkable and en- couraging showing for the year. While the outlay for operating expenses was maiu r. tained at tine high percentage of last year, the company was able to report net earn inaS 20 per cent Tn excess of those of last year. Other strong features of the market, apart from those cited were the Baltimore and Ohio issuesY Hooking Valley, Pennsyl- yan.a and Tennessee Coal and Iron. The Grangers were active and strong, The market closed steady, with slight reactions 'r- ~-> top