The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-08-26
GRAIN AND STOCK
MARKETS SHOW But
LITTLE ACTIVITY
Dizziness Permeates Trade in
Chicago and New York and
Transactions Are Small
European Harvests Are Poor
and Yields Below Average.

Wheat was very quiet market yester
day. Trade was dull and inactive
throughout the entire session. The news
received was, on the whole 'bulIish. The
cables confirmed the reports of poor har
vest returns on the continent. From the
Northwest the reports were somewhat of
bearish nature The weather conditions
have improved and the railroads claim
that the crop will be an average one.
Corn was also a dull market at the
opening. Near the close trade was large
and general on slight decline. The
weather in the corn belt is perfect. Oats
sold lower. There was a fair demand
for cash oats and all offerings were
quickly absorbed. -
Not in many months was the stock mar
ket so dull as it was yesterday. Sales
were few. The bears again made an I'M
successful success att attempt to force New York
great that the effort failed completely
What the Brokers Say.
M. Doran & Co.'S Chicago grain letter
says:
Wheat-Wheat was quiet market. The
news On the whole being rather buflish.
The weather in the Northwest was more
favorable with showers general in Mani
toba, where harvest is in progress. Fore
cast is for showers in the spring wheat
belt. Our cables indicate harvest condi-
tons are very unsatisfactory throughout
Europe. Receipts in the Northwest are
on a smaller scale.
Corn-The market was dull the early
part of the session, but trade became
large and general near the close, when
prices were forced down. Trade was
largely local. The public are taking no
active part pending something more
definite regarding the crop situation. The
map this morning showed perfect growing
weather. The government weekly bulle-
tin says on the whole the crop has made
favorable progress. An analysis of the
report by states does not show a very
satisfactory condition.
Oats-Decfded weakness in corn caused
the market to decline Zee. Some weak
holders liquidated and there was more
selling by prominent longs. Cash mar
ket was about Ac lower than Monday
with good demand
O'Connor & Van Bergen'S stock letter
says:
The volume of business has heen smaller
than on any previous day this year; in
fact, the transactions have been nom
1nal and fluctuations without significance
The opening was favorably affected by
higher London prices. Traders continued
to offer stocks down, giving particular
attention to New York Central, but they
were unable to dislodge long stock. Spec
ulation will without doubt remain dull
and inactive until the short interest
which always increases in dull times, be-
comes unwieldy, when the market will
rally from its own weight; but, as we
have said, we look for but little change
or increased activity before the crops
are actually determined and the fall mon
ey market passed. One hears and reads
much as to the curta1lment and cancel
latfon of orders on the part of railroads
for supplies, which, if true, must nat
urally sooner or later affect our indus
trial and manufacturing business On
the other hand. from an equally good
source we hear that the present tonnage
movement is the largest ever known
and that the railroads find it impossible
to supply the demand fo rcars. Accurate
information is hard to obtain, and, while
without question general trade conditions
up to this time have continued on an
active scale. curtailment of expenditures
on the part of railroads must of necessity
show its effect, and in forming plans for
the future the possibility of change in
trade conditions must be reckoned with.
The present course of the market is from
every point of view for the best, and
period OF speculative quietude is neceS-
sary for the restoration of confidence and
VARIOUS LIVE STOCK MARKETS.
CHICAGO, Aug. -Cattle-Receipts,
$500; steady to 1Oc lower; Western, 1000;
good to prime steers, So. $685., NOM
inal; poor to medium. $4@5.10; stockers
and feeders, 81 50@4. 80; cows. $1,000
27O; bulls, ST. 5000 40; calves, 1907;
Texas steers. $S@4; S.; Western steers,
tomorrow 10000; opened steady. closed
15@25c lower; mixed and butchers, SIS. 10
as 80; good to choice heavy, SIS. 45D5 rs;
rough heavy $5@5 s 40; light. s. 5o@6 IS;
ceipts. $4,000; sheep and lambs, choice
steady, others lower; good to choice
81. 25@3: western sheep, 81. 1908 60; ma
tive lambs, SO 5O@5 so; Western lambs,
B4M5.10.
South Omaha. Neb.-Cattle-R Receipts.
$500; native steers, $4@5. 40; cows and
heifers, 1904; stockers and feeders. 50. rs
@4.15. Hogs-Receipts, $500; bulk of
sales, SIS 40@5. so; lights, $3.50 Sheep
Receipts. $500 market steady; sheep,
50. 5G@r9. 20.
LOCO; stronger; beeves, $4@5; COWS, bulls
and mixed. 50. 50@4; stockers and feed
crs, So 50@3 So calves and yearlings,
81 5o@S SO. Receipts. 5000; lights
strong. others steady. IS 25@5. So; bulk.
SIS 30@5. IS.
Kansas. City. Mo.-Cattle- Receipts. 49,
ooe; market steady: beef steers, 81 100
$40; Texans. 81 1908. 90; cows and heif-
ers. 81 5000 so; stockers and feeders,
81. 25D4.4 40. Hogs-Reeeipts. 1000, mar
ket steady; heavy SIS .50@5. IS: packers
and medium, So .T0GD5. co. workers. So $50
els: hogs, s.. S5@6. 05. Sheep--Receipts.
1900; ma rtet steady; sheep, s.. G0a4.25;
lambs. s4M4. 40.