The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-07-27
Talbot s. Palmer.s Grain Letter


Chicago, July 26-Wheat: Liverpool closed
&c higher; Paris dull, wheat 15c lower; -four
S5c lower; Antwerp quiet and unchanged
Considerable damage was done to the
French crop yesterday by heavy storms.
There were very high temperatures in the
northwest yesterday but it is pleasant to-
day and cool. There Is considerable dis
crepancy as the northwest spring wheat
crop, but from what we can gather, it will
not pan out heavy as has been figured by
some people in the trade. Estimates have
been made as high as 100000 900 bushels for
the two Dakotas and Minnesota, which Is
fully 50, 900 900 bushels, if not more, out Of
line. Primary receipts $4,000; shipments,
H4 00; clearances I'll 900. Ten loads re-
ported for export at the seaboard we can
confirm five. Minnesota flour sales YeSter-
day, $500 barrels. Harvesting has COM
menced In the southern portion of the
spring wheat territory. The market was
confined within a narrow range: the N. w.
& c.. H. Smith were the best sellers. There
some good commission house buying.
1t looks very much as IL the movement of
winter wheat would be light while tho de-
liveries of old spring wheat have let up to
quite a considerable extent The export de-
mand has proven rather disappointing.
There is quite a strong undertone to the
market. however. ana some OF the best peo-
pie in the trade are of the belief that values
are low enough. We may have duh period
for a while. but on any and all setbacks
believe purchases should be made
Corn has shown strength. We received a
number of reports from Nebraska and Kan
sas today as regards dry weather, being
unfayorable for the growing plant and they
were accompanied with buying orders. VAL
ues have displayed considerable strength.
and d good class Of buying was noticeable.
Oats: July still remains about 4hc over
September. This premium will increase re-
ceipts heavily during the balance of the
month. which may In measure help out
the short interest. We feel friendly to this
cereal and advise buying the deferred flu
lures whenever they are depressed
Provisions: Hogs were in large supply and
lower. Shipments of lard. 2.O61 900 pounds;
meats. 2975 cor pounds Trade has been
rather slack local shorts and the packers
best buyers. The consumption of hams
bacon and in fact. all kinds Of product bids
fair to continue for a long time to come.
Talbot 6, Palmers stock Letter
By Private Wire from New York Sun.
New York. July 26-SNo news calculated
20 change speculative sentiment appeared
today and it's absence was reflected in the
stock market. which ruled dull and uninter-
e5ting. A number of railroad traffic re-
turns showed substantial increases in re-
cent gross earnings, but they failed to in
spire a renewal of interest among out
siders. The disposition was to await de-
velopments bearing on the financial situa-
ton and this years crops at homo and
abroad Reports of railroad combinations
we've mot so plentiful as usual, and some Of
these promulgated recently continued to
lack the seal of official confirmation. There
was a hardening tendency to the loan
money market, discount advancing to rate
3ih per cent, and consuls displaying an
easier tone The foreign exchange market
was steady here, but Offers OF futures
were on a basis that indica ted no apprehen-
sions of rise in rates to anywhere near
the gold shipping point. Considerable ac-
tiyity was reported in the time money mar
ket. and Chicago banks were said to be eK-
periencing an unusual demand for merean-
tile loans from this center. Bankers here
said that there was no scarcity of funds.
Tho market opened strong, but later
traders We're disposed to sell on the belief
that the dullness would result in saggine
prices Little was done in the morning.
and the waiting policy soon extended to
professional traders. Peoples Gas gained
a point on runors that the company would
ecauire control of the Ogden Gas company.
General Electric advanced on talk of an in
creased dividend The close was heavy
and generally at the low figures OF the
day.