davidaulloa/AmericanStories huggingface dataset:
The Saint Paul globe., 1903-09-04
STOCKS DROOp AGAIN
DEAD LEVEL OF DULLNESS is MORE
PRONOUNCED THAN EVER.
Liberal Profit Taking by Wednesdays
Buyers-DecIine Is Not Far Extended
Close is Heavy at About the Lowest
of the Day.

NEW YORK. Sept. 3.-Today's volume
OF dealings was not greatly below those
OF yesterday but the dearth of interest
IN the market and the dead level of dull
time heretofore. Yesterdays upward
movement of prices was pretty promptly
matted after the market got started. and
mere was quite liberal profit-taking by
yesterdays buyers.
Inc decline was not far extended and
only a few of the principal active stocks
were depressed as much as a point Read
ing was notably under pressure. the sell
ing was supposed to be unloading of some
pool holdings taken on in anticipation
OF 8i rise In the price as a result of the
As a matter of fact the considera ton
OF the past heavy earnings by the anthra-
fste tl, carriers has generally given way to
,'71ti rnle eject OF the discussion of the accu-
ny the shutting down of some of the col
HerleS. and some of the suggestions of a
curtalfment Of the production
Comment on London Raise.
The principal event of the day in the
InIndnclai ni world was the advance in the
per cent from to per cent This is
one OF the customary measures to oDDose
an outward movement of gold The adj
kdlce is not unusual in the fall months.
Dut IS generally delayed later than this.
But the drain upon the Bank of England
gold supply has become so considerable az
10 suggest the interpoSing of some oh
stacie. Over $4,000, 900 was taken from
me. Sne oank an TO-DAY. and of this $3,50O.00
went TO Germany which is the principal
source OF the drain. The London mar
ket was decidedly depressed in conse-
quence of the advance in the rate the
price of consols falling lower than during
the Boer war. The depression reflected
IN New York from that source however.
was but slight and sales for London ac-
count were small. This may have been
due to the fact that New York is likely
to join in the demand on London for gold
before long
Our foreign exchange market respond
ed to the increased bank rate in London.
but our money market was practically
unaffected. The heavy liquidat ton in the
cotton market was due to the compIete
surprise at the condition of that cron re :
ported by the agricultural department,
and this was naturally a favorable in
fuence upon stocks. The effect. however.
was scarcely perceptible.
Corn Attracts Attention.
The continued frmness in the corn mar
in Colorado Fuel was the consequence
of the passing of the dividend on the pre-
Ierred stock and the heavy requirements
for additional capital whfoh are impend-
ing over the corporations metropolitan
Street Railway reflected the continued
the turning back by the underwriting
syndicate mana gers of their holdings of
the stock to the dominant interests in
the property. The bond market became
practically stagnant late in the day and
closed heaVy at about the low level
The bond market was very duh and
irregular: Total sales, par value, $1,060-
OO0 United States IS advanced h, and
the new 4s Il per cent on the last call.
Closing List.
The Saint Paul globe., 1903-09-04
WHEAT CLOSES AT LOSS
STRENGTH AT THE OPENING
WHICH is NOT MAINTAINED
Most OF the News Is eearish and Ad-
vance Gained at the Start Is Soon Lost
-cdrn Is Influenced by Predictions of
Frost and Closes Higher.

CHICAGO, Sept. 3.-The early wheat
market showed strength. but the close
was easier, with December sc lower.
Corn was firm at a small advance, final
ngureS Ac higher for December, with
september unchanged. Oats were strong.
closing Is q 1sc higher for December and
sc higher for September. Provisions
ruled strong and closed 21kc to 12Kc
higher.
On the higher prices for corn the early
wheat market showed strength with an
bearish. however, except that Northwest
receipts were smaller, and the ~trength
deserted the pit and the advance was
lost. DECEMBER on the early bulge. sold
up to S3Ac, 3s@p1ac above the opening
but declined to free selling by 'on:s who
We're influenced by increased receipts
from the Southwest. improved foreign
weather and by the approaching holidays.
The close was at the bottom. with a less
OF &c at S2h @S2Isc, bat the tone was
firm. September -@as down HG3sc at
1Ac- Speculative interest throughout the
day was small and trade scattered
C1earanceS Of wheat and -four were
equal to 1S7.900 bushels. Primary re-
ceipts were 620,ef0 bushels. against SEI,-
0o0 last year. Minnaap oiis and Duluth
reported receipts of 1913 cars, which with
local receipts of 113 cars, IL of contract
grade, made a total for the three points
OF 81 cars, against 345 last week and 511
a year ago.
Fear Felt for Corn.
corn was 1nHuenced DY the prediction
of cooler weather and especially by pros
poets of damage by froSts in the Dakotas
and Minnesota tonight the market was
flrm and prices ruled higher, but the ad-
vancesJ were not large. Commission
houses and local bulls were early buyers,
with the selling scattered. There was a
good demand for September from shorts,
showing that fear of congestion in this
Der closed Ac higher at 51Bc, after
ranging between 519sc and 521s @5eE G..
September was unchanged at 52$sc. Lo-
cal receipts were 377 cars, with SO of
contract grade.
Oats were strong with buying of good
character, led by commission houses and
local traders. The latter sold moderately
on the advance and caused some of it to
be lost, but closing prices showed De-
cember up g orc. at 37Ac. the range for
the day being 36a4c to 371ac. with Sep
tember up 5se. at 361sc. The strength
in corn and light offerings were the
influences. Local receipts were "a cars.
Fewer hogs than expected and free
buying credited to packers gave strength
to provisions. There was liquidation by
outside holders, but offerings were we'll
taken. Closing prices We're $12.67k isjr
October pork, $7.77 for October lard, with
January at S7.121A; October ribs were
7.95 and January 1896. 771a.
The estimated receipts for tomorrow
are: Wheat. 150 cars; corn, 290 cars; oats,
100 cars and $4,000 head of hogs.
Range of Quotations.
The leading futures ranged as follows:
-
The Saint Paul globe., 1903-09-04
OTHER GRAIN MARKETS.

Milwaukee, Wis.-Flour steady; wheat
higher; close, No. northern. sS@S9c;
No northern, S6@S7c: new, December.
821sc bid; rye firmer. No. 1. SEC; barley
firm; No 2, &c; sample, 49@63c; oats
higher; standard, 37A @37Ac; corn, De-
ceinber 517sc asked
Kansas City, Mo:-Wheat-S September,
71Ac; December, 71al @71Bc: cash. No. 2
hard. 75@7shc;, No; g 72@74c;; No. 4 4;
@SOc; No. 5, 78c. September, 45Ac;
December. 445sc;. cash No. mixed. 47@
ST Louis, Mo-Wheat lower; No. 2
red cash elevator, S21zc; September. S2kc:
December. S61s @S65sc; May, SS5sc; No. 2
hard. 791sc; corn steady; No: cash,
4715c: December. 48c; May. 49Ac; oats
higher; No. cash. 34hc; September
S4c; December. 357Ic; May, Soc; No. 2
white. 40c.
LiyerpooESpot wheat No. red west
ern winter new, steady, 6s 412d; No.
northern spring strong. 6s 10d; futures
steady; September, 6s 62sd October 6s
65sd; December. 6s I'd; corn. spot Ameri-
can mixed steady. As 6Ad; futures
steady; September, Is 61kd; October, As
SID.
The Saint Paul globe., 1903-09-04
Action is Taken to, j each German Bank
ers a|Eesson.

HStioH IS aken to- i each German Bank
ers a"Eesson.
LONDON. Sept. S.&The rate of discount
OF OFT the Bank of England was increased to-
gold for. the repayment of The Neither
1ands railroad loan and to a lesser degree
to the demands for gold from Berlin. The
action of the banke officials was a great
surprise to the stock exchange and caused
general au-around depression, especially
ha,tie IN GonsoIs. 1t IS thought the rise in the
american sn3s lean requiremeSnHts- Lord Rothschild
Some time ago a high official of the
Bank or Germany announced that it would
probably be necessary to raise the Ger
man rate in the middle of September be-
cause of the expected demand from mort
cages which In Germany fall due October
ana must be paid in gold or in bank
notes. The German bankers were much
averse to the project held out by the Bank
oi germany and proceeded to lay hands
on all the loose gold they could get in the
tons culminated today in the withdrawal
of between $4,000 900 and $4 0OO. 900 in
gold from the Bank of England The
only on action left t. to, our bank was to raise
erS that they cannot play ducks and
brakes with the English gold supply.
Today,s rise had absolutely nothing to
do with the Balkans nor with the pros
pective gold imports by America. The
colonial Offices clumsy method of arrang-
ing for the repayment in Berlin of The
Netherlands Sotuh African railroad de-
bentures may have contributed to the
present condition, but only slightly. France
will now have to supply gold, which will
go to America for the crops. France has
plenty. on hand, and will have to give up
some in return for the annual continental
demand upon American supplies. Except
for the German action the continent could
have looked chiefly to- England to finance
it through such an Operation"
The Saint Paul globe., 1903-09-04

Cash quotations were as follows: Flour
steady. Wheat-No spring, 85@S7c;
No 3, S0@S4c; No. red, 811s @S1Bc. Corn
No. 8 white, 37@37Ac. Rye-No. 2, 551sc.
Barley-Good feeding, 49c; fair to choice
mailing, 52@56c. Flaxseed-No. 1, 94c; No.
1 Northwestern 99c. Timothy Seed
Prime SO Is. Mess Pork-Per Dbl, $3.50
Lard-Per 100 lbs, $8. COOS. 621A Short
Ribs-Sides (looseJ, 81. .50@7. S71s.
Shoulders-Dry salted (boxed), Sc .621s a
6.75. Sides-Short clear (boxed), 81. .75@
7.S71a. Whisky-Basis of high wines, $1.23.
Clover-Contract grade. SO 80. Receipts
Flour, 20, 700 bbls; wheat, 1872, 500 bu; corn,
S42, 200 bu; oats, 1850 bu; rye. 900 bu;
bbls; wheat, 80 900 bu; corn, 440, 500 bu;
oats, 239, 200 bu barley. 462. 900 bu. On
the produce exchange today the butter
dairies, 13@17c. Eggs at mark, cases in
cluded, 12A @171ac. Cheese steady, 97z q
11Ac.
The Saint Paul globe., 1903-09-04
MINNEAPOLIS.

neapolis-Indifferen cables hamper
ed the wheat bulls. Wednesday the for
elgn strength was an important influence
for an advance here. Yesterday Liverpool
settled into steadiness and was firm at
the higher level, but the fact that cables
failed to come up again on our advance
WAS WAS dlScouragng TO the host of smaller
bulls who came in Wednesday expecting
a continued steady rise. Both December
and September were a shade off at the
opening, at S1asc and S43sc, and while
September moved back up to 85c and De-
cember touched S1%c. there was lack of
support and an immediate reaction of &c.
The weather is bullish as ever, and yet
there was really not much to show, in ac-
tual results, of a bullish nature. The
Northwest had sprinkles in many places,
but the precipitation was light The fore
cast is for cooler weather. This is bad
for corn, and corn traders are watching
this carefully, as are also wheat traders
for any sensational development in corn
would be pretty certain to affect wheat in
some degree also.
The report of the Price Current. while
stating that the corn condition is MAIN
tanned, notes that the maturing progress
is slow. This is a matter of the greatest
Importance Hot, forcing weather is now
needed to put corn to the point of i'm
munity from frost damage and this
weather has been missing. is not here
now, and from the predictions would seem
unlikely for some little time. Meanwhile
the trade is getting along into September
No one. not even the most pronounced
corn bull, is borrowing any trouble and
If froSts hold off reasonably we'll the
corn will come out with a good average
crop. Receipts. 168 cars.
The two important things making for
hesitation are the big holiday to come and
the government report of Sept TO- Since
the principal exchanges will close today
until Tuesday there will be considerable
wheat in on Tuesday in all probability.
This the more timid holders fear. The
market weakened near the close on liquid
alton of small lots December sold off
to S07sc and closed at Sic. September
declined to S55sc. closing at S37sc May
closed at S3A @S3%c. Splendid demand
ruled for the cash wheat at 11s @2c over
September for No. l northern. and Sep
ternber prices for No. northern. For No.
1 to arrive, as high as S61zc was recorded,
and good sized lots sold at sec.
Following was the range of prices:
Open. High. Low Thurs. Wed
May ..... .S3A S3M 83A S3A S37k
The Saint Paul globe., 1903-09-04
OF THE DAYS TRANSACTIONS IN THE MARKETS

857sc; No. 2 northern, S41Sc; No. 8 yell
low corn, 521sc; No. 3 corn. sic: No.
oats, S21sc 10 S5c; No 2 rye. 50Ac; barley,
40c to SEC; No. ! northern to arrive
S5Bc; No. northern, $3.50; cash flax,
" 1sc; September 96c; December, 971sc;
Flour-Although the market has been
very strong and stronger than ever yes
terday, prices have not been advanced
much, as portion of the strength has
gone into millstuffs prices. Millers be-
heve that foreign buyers will come in
again on the slightly higher range. as
conditions abroad as well as in our coun-
try appear stronger. Shipments. 51.762
bbls; first patents, 81 5000 SO; second
patents, 81 1908. so; FIRST clears, $S. 5O6
$3.50; second clears, $2.65@2.75.
The Saint Paul globe., 1903-09-04
chIcaao~Rroduce.

.uSa CHICAGO, IS.,o Sept 13E.BIutter steady;
firm; at mark. cases included. 161s OF jkc;
cheese steady; daisies, 10@10hc: twins.
91a @1Oc; Young Americas, 10@1oAc; iced
poultry steady; turkeys, lie; chickens,
101ze; springs, BE. f5tses
The Saint Paul globe., 1903-09-04
xEx-interest. bBid. fofrered.
New. York MINING Stocks.
Assessment paid. fOfered.
New York Money.

NEW YORK, Sept 3.-Meney on call
dull at 1902 per cent. closing bid and
offered, ~ a.; time money easier; sixty
days. 1905 per- cent; ninety days, SO
51a; six months. 514 @5%; prime ner-
camille paper. 6@61z;;s sterling exchange ir-,
bills at 81. So 30@4. .SS.35 for damani and
at 81. SO. 1904. SO. 20 for sixty DAYS bills:
posted rates, 81 "a and $4 81: commercial
bills, $4: S3; bar. silver, 57sc; Mexican
dollars, 46c; government bonds firr1: rail-
road bonds irregular.
The Saint Paul globe., 1903-09-04
sioux citx Five Stool.

Sioux City. -Cattle-Receipts. 200
head; market steady; beeves, s4@5. 25;
cows. bulls and mixed, 50. 5000; stockers
and feeders. 50. 50@3. rs; calves and year
lings, 81 50@3 so Hogs-Receipts. 200:
market 5@10c higher. 81. .5O@4; bulk, 81
@3.
The Saint Paul globe., 1903-09-04

were: 7. S. Carey. FoIey: II p Mar,is market i1d
Stock Co.. Brainerd; G. NayIor Wyominsr:
L. Rousch, Howard Lake; A Bagamiel
Casselton; G. Hitter. Monticello: IT. n
Mabey, Lake City; Henderson Live Stock
Co., Henderson; J. e. Flynn. Currie.
George Schwab. Wabasha; F. Fully A. D.
Rawley. Edgerley. N. D.; M. Mcdonald.
Langdon; w. B. Wyckoff. Havana, N. d.
The Saint Paul globe., 1903-09-04
TaIkino Shop.

Dolly-So Simpkins. the cashier of the
oank, proposed to you last night?
Polly-Yes, and 1 promised to marry
him.
Did he ask your fathers permission?''
Yes; he said he would ask papa to in
dorse my promissory note. Baltimore
The Saint Paul globe., 1903-09-04
Midway Horse Market.

Minnesota Transfer, st. Paul. MINI
Barrett & Zimmerman report an increase
of so per cent in the aggregate outlet
over the corresponding. day of last week.
The out of town trade being the principal
one. Heavy draft horses sold frequently:
family drivers showing a better tone
The Saint Paul globe., 1903-09-04

Wheat opened firm around yesterdays
closing price. Minneapolis December sold
>up to 81A@81sc, but met some fair sell
ing by people who had profits. Market
eased off under this pressure to S1hc by
noon. The news of the day was rather less
bullish than yesterday. Cables responded
indiferently to our advance of yesterday,
coming unchanged, weather map also
had a brighter color, practically no rain
fell throughout Northwest, but is clear
generally West and Northwest. We do
not look for much recession of prices. as
we believe wheat is on it's merits and in
a strong position regardless of pit con-
ditions. Spectators may hammer it down
a little now. and then. but we do not be-
Iieve they can hold it down.
Corn-The strength in both corn and
oats is the feature of the market today.
December corn up 1ac, December oats up
&c early but lost nc of advance at
this writing. Continued good commission
house demand for both corn and oats is
the cause of the strength. Price Current
says corn condition maintained; maturing
progressing slowly.
Provisions opened fairly active and
stronger in sympathy with coarse grains.
The Saint Paul globe., 1903-09-04
Cotton In Better Shape.

WASHINGTON, b. G.. Sept. 2.-The
condition of cotton is S1.2, as compared
with 1877 on July z5s~
The Saint Paul globe., 1903-09-04
Hoqs.

FIlces STEADY; -receipts moderate; price
average quality fair; common to good
heavy hogs Were quotable from 81. 70 to
80 ;35; fair mixed from $5. 80 to SIS so and
light and light mixed from So. so to $5 80.
Representative sales:
HOGS
The Saint Paul globe., 1903-09-04
State Grain Inspection.

IOldIS -. 10 z 13 13 a
Other Grains-Winter wheat, n; maca-
roni wheat, L; No. 3 corn, 5; No. corn,
4; no grade corn. 1; No. 8 oats. 27; No.
rye, s.; No. rye. 5; no grade rye. /:
No. B barley; A. No. barley 12; No
barley, IL; no grade barley. 5: No. l flax,
Cars Inspected Out-No. i hard. ,; No.
northern, 80: No. northern. H. No. 3
wheat 10; rejected wheat l. no grade
wheat, 4; macaroni wheat, 1 No. 3 corn
l northern, 81; No. northern, II; No 3
No. 2 rye s; No. barley, 8; No. 5 bar
ley, B; no grade barley, 1.
The Saint Paul globe., 1903-09-04
Hay, GRAIN AND FEEc.

Quotations Established In Open Trade on
the ST. Paul Board.
ST. PAUL, Sept. 3.-The following
prices were established in today's t-ade:
ReceintS=HaY 3 cara
The Saint Paul globe., 1903-09-04
Sheep.

posed mostly of westerns which were not
placed On the market; what little killing
stun there was on sale went at steady
prices; some feeding sheep held over
from yesterday sold fully steady. Repre-
The Saint Paul globe., 1903-09-04
Milwaukee Curb.
MINNEAPOLIS INDEPENDENT MAR
kET.

Minneapolis Independent Grain and
Stock Exchange, Sept 8, l903-Wheat
opened fairly strong at about yesterdays
closing; gained s first half hour; met good
selling, which continued throughout the
session, closing at about the low point of
day.. Corn and oats strong all day until
near close; weakness in wheat caused
light reductions. The record of both Min
neapolis and Chicago deliveries follows:
Minneapolis Market
The Saint Paul globe., 1903-09-04
Bank GEearInns.
LONDON DISCOUNT RATE UP.

st. Paul -. .......... s6T2. .229
-. -. 1a:!. ......... 1879, 9S5
The Saint Paul globe., 1903-09-04
(FRS. |, EAAS COMMISSION CO

Live Stock Commission Merchants.
Reer, 10 Exchange Bldg. Union Stock
Yards. South et. Paul. Minn.. sn1
unicn Stock Yards, Chicago, llL.
An correspondence win receive prompt
attentioI Liberal advances made On
Consignments. References-Union Stock
Yards or any Commercial Agency.
The Saint Paul globe., 1903-09-04

The various railroads entering the yards
reported receipts for the day, by loads. as
follows: c.. NJ. & st. P. 8; M & st. L..
l; G., st. p, M. & o., s; G. N, 33; c.,
b. d c., 1; N. p. S; total, 54.
The Saint Paul globe., 1903-09-04
PRODUCE AND FRUIT.
Ruling Prices at Yesterdays Meeting Of
the st. Paul Commission Men.

ST. PAUL, Sept. 3.-The following
open market at tOday's meeting OF the
The Saint Paul globe., 1903-09-04
Total sales for the day, 2S6, 500 shares.
New. York eBonda.

U.S.ref.2s, reg.1O73z FalcX. Ger. 4s... "A
do coupon ...108 : 4. do 1st ire 80. 16%
do IS. reg. lot I'm & st. l. As. 95%
do coupon ...10T .,lbM K & T4s o7X
do n. 4s.reg. BAY l. do 2ds - Ts
do coupon ..134A lbNYC e. 3bs 95b
do o. IS, reg.l9SA lbNJC gen. 5s..128
DO coupon =. l9a%4tN Nor. Pac. As. .100B
do 5s reg .10112 f[odo- IS 70%
do coupon =. 101K lNi~& West c. As 96%
Atch g. 4s.... 995siRead G. 4s.... 95M
bdo adit Is. 80 81, & I'M c. SIS. .11O%
b. Il Ohio as. 100 lStL1 &SF Is. 90
do 31ss ...... 80 StL e Sw lists. 94A
bdo conv. 4s. sc bdo IDS 49,. "A
XfCan. So. ds..104j1tbSA & AP 4s., 77K
c. of Ga. es....107:@iS So. Pac 4s... S6%
do 1gt inc -. IA So Ry 5s 113%
2. &: Q. Kss. .101 u Tex. & Pae. 1sts11IB
DC. q A 31aS.. IS Is II. .StL 6 W As. -
y 4 . n. As. 931sl Union P. 4s.... 99%
ot;M & Sp g. is. 1d3lkf do conv. Is. 945s
&c & NV els. 1301s IWao lists 174T
bCRI & p IS. 991hi do 2ds .1O5
bCCC ISL g4s. e5 do deb b.. 693s
fCai Ter. 4s., 20 West. S. As. ..:109k
Col d So. Is. "a Z ibW., &. L. EDS. 80
y. d X =. Is. ~ bWiS, Cen. 4S... 2e14
E%ls =. l. 4s.., 96: s Con T0b. As. i. 564
ID gen 4S :3HtbCol. Fuel 5s "a
DEW q DC ls.ie2 Penn. C. 31&s>:. 95%
block Y. 412s19 10. s. Steel I'd 5s. .79H
Mar c m e zs.l01 crock island . T5%
L. & N. uni As 98NE .o5c
The Saint Paul globe., 1903-09-04
HOGS SHOW NO CHANGE
RECEIPTS MODERATE = QUALITY
AVERAGES ONLY FAIR
Cattle Run MISUNDERSTANDING Stuff
Quoted steady-Good Stock and Feeding
Cattle Steady-Others 1oc Lower
Sheep Prices Unchanged

SOUTH ST. PAUL. Sept 3.-Estimated
receipts at the Union stock yards today:
cattle, 365; calves, rs; hogs, 725; sheep,
5000; cars. 54
The following table shows the receipts
from Jan. 1. 1903. to date, as compared
With the same period in 1902:
ear. Cattle. Calves. Hogs. Sheen. Cars
1903 ..11S,SO9 32,447 473, ,S43 259, ,728 1893
1902 ..13S,2S7 31,219 409, $40 218, $50 II, $50
INC. 1,22S 70,203 41,14S 1853
:, The following table shows the receipts
thus FAR In September as compared with
the same period in 1902:
Year. CattIe. Calves. Hogs. Sheep. Cars
1909 3.196 337 4,402 1893 210
1902 S,44S 4S6 1904 1882 40
Dec Dec - Z E3;t3; 3t3 .-i;o i;o 1898 ,:,.;c 80:
Official receipts for the past seven days
are as follows:
Date. Cattle. Calves. Hogs. Sheep. Cars.
Aug. 20. 319 "a 1858 476 Al
Aug 81. 537 Al III 4 700 ca
Aug 28.. 283 25 $50 46S %
Aug 29.. so 10 13O8 & 065 as
Aug. 81. 1854 162 722 Iii III
sept LII $3.50 227 2.618. 991 126
Sept. z. 1,246 110 1,784 1.4O2 "a
rsNVN H.
The Saint Paul globe., 1903-09-04
MInneapoIls Market.

Open. High. Low. Close
Wesst- sspt -. 50. IS 50 ss So. So y 50. ss4
May ..... "a .81% .83H .SSas
The Saint Paul globe., 1903-09-04
FINANCIAL.
II. HOLBERT g. SON.
Bankers and Brokers
34i Robert St. St Paul.

ing prices: