Daily globe. [volume], August 12, 1883, Image 1

About Daily globe. [volume] (St. Paul, Minn.) 1878-1884

Image provided by: Minnesota Historical Society; Saint Paul, MN

                
VOL. VI.
G-USTAVEj HEjH*TEj3^dI.A-IsriN" 9
CORNER SEVENTH :.AJ*FE> JACKSON STREETS,
(Successor to Esterley & Heinemann,)
OFFERS:
— * -M-. _JL_ * , I JL \j k_^ •
The Well Known Our Stock of LADIES' CLOTH,
Black and Colored CASHMERES, : ' FLANNELS, in "White, Red and Blue,
No. 500, No. 700, No. 800, No. 900, . OPERA FLANNELS, Etc.,
As the Best, the most Reliable and the Cheapest Cashmeres In the market. Is Wo^ Complete, Prices Ruling Very Low !
||gp^ S^Te-w Hamburg ExxxtoixDicleries,
ITe^w" Prints I
Large Quantities of Bleached and Unbleached MUSLINS, opened at Attractive Prices.
_____ , COMFORTABLES CHEAP!
GUSTAVE HEINEMANN, ; - - - Corner Seventh and Jackson.
SUMMER GOODS.
GREAT CLEARING SALE
OF
SUMMER GOODS.
WE AEE MAKING
During this the last month for Summer Goods,
to close every article now in stock for Sum
mer Wear, and to clear our shelves for
large Fall importations soon to arrive.
We have still ample assortments of
Satin Poulards, now offered at 75e, regular price $1.25.
Plain and printed Pongee now offered at 50c, regular price 70 & 75c.
Summer Silks, neat checks and stripes, 50c, regular price 65 & 75c.
Heavy Black G. G. Silk, brilliant finish, 22 inch wide, 51. 25, regular
price, $1.75.
French Satines, figured and plain, 30c, regular price 45 and 50c.
French Ginghams, 30c, regular price 40c.
Scotch Ginghams, 25c, regular price 350.
American Ginghams, best quality, Be.
French Shirting Percales, 15c, regular price 25c.
Black Bunting, 42-inch, 40c, regular price Gsc.
Black French Bunting, 44-inch, 60c, regular price 85c.
Colored Nun's Veiling, 65c, regular price §1.00.
Colored Buntings, plain and lace checker, 15c, regular price, 25
and 30c
Lace Striped Buntings, 44 inches wide, 75c, regular price, §1.00.
GREAT JZAJEIGcAJNS
IN LADIES', MEN'S AND CHILDREN'S
French Lisle and Cotton HOSIERY, all desirable Shades,
AND
SUMMER WEAR,
For Ladies and Gantd, in Silk, Lisle, Gauze and Net.
Mail Orders Mm Hits ana Carafe! Attention !
THIRD & MTNISTESOTA. STS.
. MIDSUMMER
DO BUT IBS TO¥Of PORTIIITY !
Twenty per cent, or one-fifth, is deducted from
usual prices of everything in the store except
Kid Gloves.
Underwear. E siery, Gloves, Laces. Embroideries, Corsets, Banfeciiiefi Fans?
Parasols. Fancy Goods, Children's Dresses, Mints' fear, and
Gen : s Ms&ißg Goods. j
75 East Ttflrt Sit Fat
Sunday
ST. PAUL, MINK, SUNDAY MOKNING, AUGUST 12, 1883.— TEN PAGES.
PECIAL I
The Event of the Minnetonta Season I
• .. . • ■ •■ «- !
THE POPULAR
Chicagi) Ideal Opera Co.
Including principal artists, full chorus and orchestra in a grand
programme of sacred and popular music
ill nvluL licirlllij SB !
.."..■.. __ .. . .. . ; .. ■ >.. . y \ : , l - ' <c ■ ■
THIS SONDAY,JIUGJ2,-3 P. M.
/ 9 " ■*■■■■■■"
Soiiq:s of the [People !
Song's of the Heart !
THE IDEAL LADY QUARTETTE,
THE IDEAL MALE QUARTETTE,
THE FAMOUS IDEAL OCTETTE,
Superior to any double quartette in this country.
Special Orchestral Selections ! Grand Chorus Effects !
HOTEL LAFAYETTE MARCH, expressly composed by H. H.
Thiele, Director of the Ideals, for this occasion, and
dedicated to J. J. HILL, Esq.
' ' ... h ■■ ! I
SCHEDULE OF SPECIAL TRAINS :
A - M - A.M. P.M P.M, P.M.
Leave Minneapolis 10:00 11:00 2:00 5:00 600
Leave St. Paul 9:30 10:30 1:30 4:30 5:30
Returning trains will leave Hotel Lafayette at 12:55, 4:55 and
Round Trip Tickets, - 75 Cents.
225"" The Openi Company will le.vr? Minneapolis at 11 a. m-' via MIMTOB\ DOUBLE TRACK
and steamer BELLE OF MIXNETO.NKA from W.-vyzata. »«"^ «» WVBUB IKALIv
AMUSEMENTS. ,
TifJiiff'
The Great Brooklyn Preacher and Orator
AT MARKET HALL,
Weflnesflay Evening, Aug. 18.
: . SUBJECT:
BIG BLUNDERS."
Tickets so<*, 75:: end $1. For sa'e.on and
after Tuesday morning, at Dyer & Horard'.-.
221-227
PIANOS AND ORGANS.
Gives Special Bargains in
KJiA&EuiBB
Clough & Warren Organs.
9G 12 Third Street. ... sc. F*u!.
The Louisville Exposition,
Louisville, Aug. 11. — The attendance at
the exposition is very encouraging and
I steadily increasing. It has been open ten
day 9. The first day the entire entrances
were over 15,000. For three days they ex
ceeded 5,000, and on no day have they fal
len below 3,000, and yesterday it was at
least 10,000. The city is rapidly filling up,
■ the exhibitors are very busy, and the work
has progressed rapidly. All the engines
are now at work, the art gallery is open
and thronged day. and night, the electrio
railway is running regular and satisfacto
rily, aud exposition travel. is beginning to
affect railroad earnings most favorably.
; -.Visit of the Jfavajo Indiana. '?.
Chicago, Aug. 11.— The managers of the
Inter-state exposition, .which opens here
next month, have arranged with the secre
tary of the interior for the presence of a
party of Navajo Indians in charge of the
government Indian agent. They will
bring with them their looms, which they
will operate aud also display specimens of
their handiwork. There will also be a
fine 'display of j archeological specimens
from the Navajo country.
A Prussian Koynl Party at RostoD.
Boston, Aug. 11. — Prince Hoheniohe of
Prussia, Count Gleichen, Earl Lolbrone
and Lori Elphstone arrived this after
noon from Liverpool en route to Montreal.
They will join President Stevens' party on
the Canadian Pacific," to explore that road
and it« terminus. On Saturday they •will
look about Boston, and will take an early
train on Monday for Montreal.
u& mS bk ok Q ' ! - H
AITHEOEEAL
The Chicago Grain Markets Cannot
Stand Prosperity.
ANOTHER DECLINE IN PRICES.
Wheat and [Corn Both Slump Off and
Close at a Reduction. •
PROVISIONS AGAIN SOME WEAKER
A Decidedly Lively Day in Stocks in
Wall Street.
THE BULLS BADLY DEMORALIZED
Oregon Transcontinental and Northern
Pacific the Points of Assault.
CHICAGO.
[Special Telegram to the Globe. J
Chicago, Aug. 11.— It was sick Saturday
in the leading markets on 'change. Wheat,
pork, oats and provisions suffered a de
cline. • Trading was somewhat active and
prices decidedly unsettled. Flour was
more lively, and for the past few days
sales have been more liberal, and the tone
of the trade was a steady one, with home
buyers looking after the better bakers' and
family brands, and shippers and exporters
are buying more freely of the bakers' and
lower grades. The quantity on sale is
light, and there is little of the new offered,
and not much of the old stock left on hand
and we will have quite a close cleaning up
of stock. For winter wheat there was a
good demand a.ufain to-day on shipping ac
count and the feeling strong, with
prices quotably a shade highor.
Receipts smaller. Some speculative
demand existed, bat offerings for
future delivery light.
In the wheat pit the market was feature
less. Early in the session trade was active
and prices strong, selling up *£c over the
closing ngures yesterday, bnt there were
pretty heavy sellers at the advance, which
quickly caused weakness and prices fell
irregularly J^c on September and %a on
October; afterwards changed slightly, and
at the close September was J£fl lower than
at close yesterday and October unchanged .
There were rumors of more fiuaucml
troubles, which also tended to weaken the
market. The weather in England threat
ened rain, and foreign advices were favor
able, but it only seemed to steady the
market. Early in the session Adams.'
brokers bought in a large line of short
wheat, under which the market held firm,
and when this support was withdrawn
offerings increased and prices
dropped. Kent <fc Walker were sellers
and the former was reported
to have engaged freight for 105,000 bush
els to New York. Vessel room was engaged
to carry 21,000 bushels. September wheat
closed on the curb at $I.oi};l£. In the corn
pit there wa3 some firmness early in the
day, but in the latter part there was a
good deal of depression, August declining
J^c from the highest point, September %c,
and October about J^c, then fluctuated
slightly. At the close cash No. 2 was about
3_4'c lower than yesterday, August }_[c lov/
er, September }-£c lower, and October }&c
lower.
Warm favorable weather, weak markets
abroad, sympathy with the weakness in
wheat and the heavy break in provisions,
all contributed to depress the market for
corn. In addition there were rumors of
more financial troubles, which helped the
bear feeling; Car lota of No. 2 sold at
50% o. The receipts were smaller. Adams'
broker?, shortly after the opening were free
bujerp, but later the New York markets
showed so much weakness that the bears
depressed prices to 50j when Spruance
became a free buyer which caused pome
reaction, but the close was weak. Lester
also fed out corn pretty freely. Vessels
were chartered to carry east 12."»,000 bnsh
els. Ho. 2 corn closed on the curb at 49,% c
for September.
The market for oats was dull and an
easier tone was noticeable for the day,
with the call for cash j articularly light
and there were more selling than buying
orders for all futures. No. 2 cash could
hardly be sold at all with new No. 2 offered
at 26j£o and old No. 2 at 28.3 but the call
was particularly light and no quantity
could have been sold at this range. Sam
ples were more plenty and while the better
and brighter samples were quite well there
waslittle call for the poor, and lower prices
accepted.
Rye was firm, with }£ 7 1,1 c advance in
prices There was a good shipping demand
and, although there %?ere free receipts and
liberal offerings, cash rye met with ready
sale. Sample lots in fair request.
In barley there was no speculative inter
est and an almo3t entire absence of cash
demand. The market was dull and neg
lected. A few sales were made by sample,
but there was so little demand that most
sample lots had to be carried over. The
first samples of new timothy were offered
on sale to-day from Missouri, and, being
bright and little hulled, was held well
above present cash prices. A liberal
movement is looked for soon, and a fine
quality promised.
In the provision pit another bear day
was witnessed. The trading was aotive,
but the desire shown to sell was even more
urgent than on yesterday, aud the trade
was kept well supplied with all descrip
tions of property. There was
no particular excitement, but
the feeling was nervous and from the open
ing to the close there was a general want
of confidence. Hence, as might be expect
ed, the course of prices was downward,
and pork, lard and short ribs closed ma
terially lower than on yesterday. In the
speculative trading October was the lead
ing option, though year and January pork
and lard sold with more freedom. Cash
property, considering tho depression, was
in good demand, and sold quite freely.
Liverpool reports indicated an easier
feeling, and eastern markets were easier.
There was a good inquiry for shipment,
but buyers were slow to meet the view of
sellers. The receipts of hogs was double
the expectations.
A fairly active business was reported in
the market for mess pork, but the feeling
was unsettled and weak during the greater
portion of the session. The of
ferings were quite liberal at
times, and the demand moderately active
to provide for outstanding contracts. The
market opened rather weak at a slight de
cline on yesterday's prices, and was fol
lowed by a gradual reduction of 40@45c
on the whole range. Daring the latter
part of the session the market was com
paratively steady at the decline. Ship
ping demand rather light. Cash quiet.
October pork closed on the curb at $1235,
Lard was in good demand, but the mar
ket followed the same course as pork, and
ruled with a declining tendency through
out the day. Opening sales were made at
yesterday's closing quotation to a shade
uuder. The best prices of the day were
also obtained on the first transactions,
while the lowest prevailed around the close.
The day's decline amounted to 15@
17!£a. A fair degree of activity
was noticeable in the market for hog pro
ducts during the week, yet the feeling was
nervous and unsettled and prices subject
to frequent, and in some cases, quite wide
fluctuations. The course of the market is
as much of a conundrum as ever, perplex
ing to ihe oldest operators in the trade.
Taking into consideration tho surround
ings of the trade, prices of products cer
tainly look reasonable, and compared
with ether fool proincts, are undoubtedly
cheap. Bat there appears to be a general
lack of ambition in the trade. Specula
tors are not disposal to make very ex
tensive transaction* nor remain in the
trade for any length of time, accepting
small losses or pro -its, as the case may be,
while shippers confined their operations to
providing for small orders to meet im
mediate wants. The unsteadiness in tho
market has considerable influence on the
volume of trade, buyers not being inclined
to do much when prices are so irregular
and uncertain. The stocks on hand are
quite large for the season of the year, and
the outward movement in product at pres
ent, while quite liberal for the season of
the year, is not sufficiently large to war
rant their reduction to very narrow limits
before the opening of the winter packing
season. Taking into consideration the
liberal manufacture, a comparison of the
prices of hogs and the product leads to the
impression that the latter cannot be pro
fitably made nt current prices^ yet that
doe* not appear to bo any inducement to
. merchants in consuming markets to re
plenish their stocks. Current prices for
product and the figures ruling for delivery
during the j winter season are now so near
together that the chances of ■ loss- have cer
tainly diminished, yet there are those who
are still confident that prices must reach a
lower range. "'
NEW YORK.
| Special Telesram to iha Giobn.l
Nzw Yobk Ane 11-The bulls on the stock
exchange were again knocked completely
out of lime to-day. It was fortunate for
Wall street that the Indianapolis troubles
vcera reported as bridged over, for it ena
JSTO. 224
bled sellers of stocks to realize this morn
ing without producing a panic. There
was weeping and wailing among the f riencte
of Oregon Transcontinental when it broke
below 70. and when G6 was reached there
was much excitement. The Northern Pa
cific's were dragged down in sympathy and
were exceedingly feeble during the greater
part of the day, they were each off 3 per
cent, at 2 o'clck. Heavy covering jby the
shorts in the last hour caused quite an im
provement in many stocks from the
lowest points, There were no signs of
any confident buying for an advance. It
takes time to clear away the wreckage
caused by the declines of the past week,
and it will take more than a day to change
the current. In the meantime the bears
are sufficiently enriched and bold to con
tinue free selling on any further rallies
that may occur. The Gould properties
received particularly severe punishment,
and but few others escaped without injury.
Rumors of failures were not confirmed
when business closed. Money advanced to
6 per cent. The week closes with the most
excited day for many months.
The opening was feverish and weak, the
Northern Pacific stocks seeming to be
unsupported. During the first two hours
fluctuations were within narrow lim
its and there seemed to be a disposition to
rally from each decline. Then Slayback
came in as seller of Northern Pacific pre
ferred and Oregon. He did not sell to
break out much stock, but the selling con
tinued, and within an hour the liquidation
in Northern Pacific stocks which has been
promised, and to accomplish which all Mr.
Gould's powerful wrecking machine has
been directed, took plaoe. A small failure
from Philadelphia was announced, and it
was magnified into great importance, and
followed by reports of financial trouble in
Chicago. Delaware, Lackawanna & West
ern was raided, and in fact, every stock
was attacked with more or less vigor. Long
stock came out freely from timid holders,
and the market was rapidly
drifting towards a panic, when
the large operators came in with
steadying orders and the last hour was
more quiet and prices rallied feebly. The
president of one of the largest Now York
banks said this morning: "The Indianap
olis bank trouble is a put up job on the
part of English to squeeze out some of the
rovers. No further Indiana troubles are
feared. Cotton mills are all running and
prices advancing. The crop will be
1,000,000 bales short. All Peoria whisky
makers are running full time acd three
year-old advancing and scaice. Dry goods
at tho west are in small stocks and mer
chants are much richer than in the east.
Large fall business sure. Several
prominent commission houses advised
their customers that the end of the
bear market was very near the close.
Lackawanna, St . Paul and the Vanderbilt
stocks lifted easily. Transactions were
500,000 shares. Stock speculation, which
had been so dull and dreary for weeks, has
awakened into new life. The . most con
firmed growler could not have complained
to-day at the alacrity with which the bears
whittled down prices. It was one of the
liveliest in the history of the year. The
decline was more marked throughout the
entire list than has been noticed since the
present depression be^au. The bears sold
ovary thing right and left, meeting very
little opposition anywhere except in Now
York Central ami Lake Shore, which stocks
were absorbed as fast as offered. . There
was no bidding at all for them, but .me'
one stood ready to take every share
offered at prices that permitted of very
little decline. The head of a prominent
commission hoase said this afternoon: " I
do not look for any immediate improve
ment. The heavy failures of the past two
weeks have unsettled what little confidence
there was . in anything. Moreover, these
failures show that the public has not much
money to lose. Average individuals are
having all they cm do to take care of their
own business without indulging in flyers.
This is simply liquidation a little more
rapid than nsuul, but precisely the same
movement which has been in progress for
two years. We shall reach bed rock some
time, but I see no indications. that the time
is particularly near. Ido not know that
I would sell short now. . There ought to be
some rally, but I certainly would hot buy
stocks for more than 1 per cent, advance.'
Oeea.ii Steamsbipg,
New. Yoek, kag. 11.— Arrived: The
steamship Rn?si& rrom Hamburg, ShiecJnn
from Amsterdam i.iv.l Urit-anic freni Liver
pool. - - ■'■■ . :i :
Halifax, Aurr. 11.— Arrived: The I i >er
nia from Liverpool.
London, An*. 11.— Arrived cut: T.ie
steamer Bohemia from New York, and iha
British Princess freca Philadelphia.