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WALL STREET WAILS An Exceedingly Animated Day among the Stock Speculators Yesterday, LARGE FLUCTUATIONS IN SHARES. Failure of the House of Geo. W. Ballon & Co., with Heavy Liabilities. EXCITEMENT HIGH ON THE STREET A Better Feeling Afterwards Manifest ed in the Leading Stocks* TILLARD'S IS WELL SUSTAINED. And all Dividend Payers in Demand for Investment. THE BOTTOM ABOUT REACHED. And Leading Traders Exceedingly Hop eful for the Future . THE CHICAGO GRAIN MARKETS, A Higher Average of Prices than for Several Days Past. NEW YORK. | Special Telegram to the Globe.! New Yoek, Aug. 14. — It looked for a time this morning as though Btocks had touched bottom. Sharp rallies set in during the early hours, and a failure of a house supposed to be short at about the lowest points caused considerable amazement among brokers. The day has been one of excitement from the opening. A break in Western Union to 72% daring the afternoon, caused much consternation, and stocks were sold right and left. North ern Pacific, preferred, touched 77J^ and the lowest prices for the day were recorded in many stocks. In a few moments West ern Union Telegraph advanced to 74 and Northern Pacific preferred, to 79, North western sold at 119% soon after the open ing. The net earnings for the past year were over 10 per cent, on both kinds of stock. Capitalists bought it in large amounts, and there was a good demand for the solid properties all day. We may be treated to a feverish market for some time yet, but there is a world of money ready to invest at about present figures. Day* and Field said. "We have had another very excited day. The Villard stocks were very weak at the opening and Oregon Transcontinental seemed as much disposed to run off as at any time since the break in it commenced. After the first hour the market was steadier and somewhat free from excitement and out side the Villard stocks it was very notice able that there was less pressure to sell, prices fluctuating in a feverish and irregu lar manner until the failure of Geo. W. Ballon & Co. was announced. This house has tried hard to be one of the prom inent houses of the street, and the fir*t feeling after the announcement was one of dismay. It was ascertained that the house lost its money in the Oregon stock, and in an effort to recoup themselves banked on their customers' stocke and sold the Vanderbilts heavily yesterday. Stocks were bought in to cover their sales for an hour, and the effect was to pat up the Vanderbilt's sharply and to give considerable strength throughout the list. When this buying was over the bears com menced again, and the Vanderbilts and Oregon slide of yesterday followed by a sharp break in Western Union from 76 to 72 5 3. Afterward the market steadied again and closed free from excitement, with the general opinion in the room that it was to purchase on reactions. It was reported that Woerrishoffer was turning a bull. There was considerable buying this morn ing by big investment houses at the break in the dividend stocks. The larger con servative houses reported a decidedly bet ter feeling among their customers. Bos ton market very strong. Kernan reported that Gould had settled his shorts in Northern Pacific with Villard this morning and taken in his stocks. There were points given out to buy Lake Shore and Wabash preferred at every break. Central Pacific was very strong at the close, but Union Pacific did not look as well. There was very good buying in St. Paul, Manitoba and Canadian Pacific were well bought. W.T. Baker wired the market opened in a more demoralized condition than ever. The pressure to sell was felt through the entire list, and the lowest figures of the season were touched on many stocks. Even the reliable divi dend payers broke badly. During the morning the f ailureof Geo . W. Ballon & Co. was announced, and a large amount of stock was brought in and sold out under the rule for their account — about 19,000 shares. They appear to have been short of Lake Shore, Jersey "Central, Wabash preferred, Denver, Reading and New York Central, and long on Chi oago Burlington «fe Quincy, Union Pacific, Central Pacific, Oregon & Transcontinent al and Western Union. The settlement of their deals caused a most irregular market for two hours or more. Many people who have been watching for the turning point also bought stock, and there was consider able covering of shortß. One of the stories of Ballou's failure is that Gould opened an account in his office and bought various stocks. On the strength of this Ballou got himself and all his customers loaded with these stocks. On yesterday and the day before, the concern, finding itself in a fail ing condition, sold stock recklessly. Bel mont & Co. were buyers of large lots of Oregon & Transcontinental this forenoon. We learn from unquestionable authority that Mr. Villiard's financial condition is unassailable, that his cash means are large, and his stocks are paid for and put away. During the last hour a vigorous raid was made on Western Union by Woerrishoffer & Slayback. They worried it down to 72%, and brought out a good deal of stock on stop orderp. This caused a depression in all the active stocks, from which there was a quick rally before the close. In the opinion of good observers we have seen the worst, and will now see an improving market. Willardsaid: "The market must go to the bottom, but we can't tell where the bottom is." Depew, in covnersation with a number of gentlemen at the Union hotel, Saratoga, said: "New Yorfc Central will pay 8 per cent, dividend during the life time of any of us on this piazza." Kernan -says the transactions were about 576,0000 chares, and liquidation was the feature of the day. The pressure to sell was con tinuous. The decline was precipitated by the demand for margins, which were not responded to, and brokers closed out ac counts as best they oould. A number of stop orders were reached, which added to the weakness of liquidation. Gould said that etocks were getting to a position where they would care for themselves, but the fature of the market was perplex ing. Twenty-eight hundred bhares of stocks sold were under the rules. It is reported that orders have been received from Europe for the purchase of stooks, and that negotiations for a loan for one year of $1,000,000 were made yesterday at 6% with dividend paying stocks as collateral, the proceeds to be invested in desirable stocks. Boston and Philadelphia parties were among the sellers of Union Pacific. Canada Southern made application to list six million second mortgage five per cent, bonds, issued for the purpose of construct ing a branch line from Willard to a point on Niagara river, acquiring the ownership of the bridge over the Niagaia river and in crossing equipment to take its present capacity. Henry Clews & Co. said the decline in telegraph stocks was attributed to the report that Mac Key has furnished a large amount of money to enable the Postal Telegraph company to extend its line to all paying points. A dispatch to Schwartz & Dupee said the forced liquidation was renewed more savagely than ever th is morning, but the market closed better all arouad, some large operators coming forward with sus taining orders. The worst of the scare seems about over, at least for the present, and the general tone is improved. The buying closed good, but most of the sales were forced and in stop orders. It is be lieved that Ballou's failure will not hurt the market much, as he sold out all or nearly all of his long stock yesterday and went short. The shorts having pretty well oovered,the mar ket is likely to lose its snap and become heavy while awaiting further develop ments. Jay Gould said that he was a bull on everything, and that if a man had the grit to buy and the pluck to hang on un til the squall is over, money will be made at present prices. The melting away of prices put the coolest heads into a fever of excitement. Junior partners in commis sion houses telegraphed for senior partners to come quick, and to-night the town is full of bankers and brokers, who have come in hot haste from Satatoga and New port, and there is a general overhauling of accounts. A general effort is being made to-night to inspire confidence and turn the tide. Western Associated Press. New Yobk Aug. 14. — The stock market opened 3^ to 1% lower than the close last night for the general list of active stocks, the largest decline being in Wabash pre ferred and Omaha preferred. The pres sure to sell was at .first only moderate, but was soon increased by heavy short selling directed against Lackawanna, St, Paul, Northern Pacific preferred, Oregon & Transcontinental, Lake Shore, Union Pacific and New York Central. The effect was to bring out pretty large amounts of long stock of the last six of the above, under which they all declined, carrying the rest of the market with them, and causing considerable amounts of other stocks to be thrown upon the market. Among these was Burlington & Quincy, which declined 2}£ per cent, on sales of only about 1,300 shares - which was probably nearly all long stock. The extreme decline was reached about 10:30, at which the decline on Oregon & Transcontinental was 4%, Burlington & Quincy 2%, Jersey Central 2%, Northern Pacific common and preferred IJ^, Pacific Mail 2, St. Paul I^, Western Union I}£, Lackawanna 1%, Illinois Central I^, Lake Shore 1%, and Wabash 1%. From these extreme declines there was a general and very rapid recovery, by 11 o'clock ranging from Ito / per cent . the latter on Oregon & Transcontinental to 61%, and from that time until 12 o'clock the market I continued firm, and there was evidently a recovery of confidence not only as regards the day but largely also as regards the prospect for the future of the general market. This was in some measure due to the belief that the break was artificially produced, and that without hammering of the bears, the market would only have continued du'l and compara tively steady. This was the general feeling up to 12 o'clock, at which time the suspension of George W. Ballon & Co. was announced. The announcement of the failure at first caused a decline of J£@l)£ in the market, from which it reacted in twenty minutes %©l%, the latter in Lake Shore. At 12.30 the market was at the highest prices of the day for a good many stocks, and strong but feverish. The total sales up to 12:30 were about 350,000 shares. After 12:30 the market was at first stronger and there was an advance from }£ to 1%, the latter on Oregon and Trans continental to 61%, with one per cent on Union Pacific. After 1 :30 there was a decline of %to }&, the latter in Oregon and Transconti nental, with 1% on Wabash preferred, 1 on Northern Pacific, 1 on Union Pacific, % on Wabash common, and less than % on the rest of the list. These changes left the market a little lower than at 12:30. About this time there also were begun sales for the account of Ballon & Co., and during the day 18,400 shares of stock and $44,000 in bonds were closed out for ac count of the firm. The majority of the stocks closed out were bought in on short Dailn ST. PAUL, MINN, WEDNESDAY MORNING, AUGUST 15, 1883. account, and Ballon & Co. state the great bulk of their liabilities were on short sales. The stocks bought in for their account were Oregon <fc Transcontinental, 600; St. Paul, 400; Lackawanna, 500; Central Pa cific, 600; Reading, 1,200; Erie, 500; Mu tual Union, 109; New York Central, 200; New Jersey Oentral,2oo; Wabash preferred, 1,100; Lake Shore, 300; Northern Pacific, 200; Texas <fc Pacific, 1,300; Louisville <fc Nashvills, 2©o; Western Union, 500; Union Pacific, 2,400; Wabash, 100; Kansas & Texas, 100; Rochester & Pittaburg, 100. The feature of the market the last hour was a decline of 3}£ per cent, in Western Union to 12%. This was a puzzle to the street, as the stock had been pretty well sustained all day, the largest previous de cline being I*£ in the early part of the day. Tfae explanation given for the break "i" that a number of "stop orders" were ! in tk>e market, which the bears discovered. I After the bear pressure was removed the ! market moved up again, clearly indicating i lite undertone is much stronger than gen erally supposed. Before the close West- , *m Union recovered 2% of the decline in the previous half hour. The whole market declined in the early part of the last hour )4 to Z/4, the latter is Missouri Pacific, and when Western Union recovered the rest of the market did likewise to a limited extent. In final dealings the market declined % to %, the latter in Western Union. The net result of the day's business is an ad vance over the closing prices last night for a great majority of the stocks. The following stocks were higher at the close to-day than yesterday: Alton & Terre Haute, 1 and 3%; Union Pacific, 1^; Col orado Coal, ljs£; Cleveland, Columbus, Cincinnati & Indianapolis, I%\ Central Pacific, 1%; Erie, %; Missouri Pacific, %; New York Central, 1%; Northwestern, 1; Rock Island, 1%; St. Paul, %; Omaha, 1; Manitoba, 2; and Wabash l}£. Aside from those mentioned all changes up or down, were only fractional. The Evening Post says the majority of operators are inclined to the belief that the market has touched bottom at least for the present, though it is apparent it is now more subject to manipulation than at any previous time for a year, though there is nothing in the general state of business to cause any very important further decline. Some violent fluctuations are likely to be caused yet by artificial means. The wild est rumors were current as to the extent of the failure of Ballou & Co., and its cause. At the office of the firm one of the part ners said New England customers had failed to rospond to calls for margins. As to the extent of the failure no information could be obtained from the firm, but on the floor of the stock exchange it was believed $100,000 would allow the house to cover its losses . The firm is very positive in declaring everything will be made right as soon as Us customers can be reached, and that business will be resumed within a day or two. Many timid brokers, who saw the wild rush from Broad street towards Wall, in order to get the truth from the firm, be lieved the worst predicted yesterday by the bears as to a final collapse of the mar ket was about to happen. Frederick L. Talcott said he looked upon to-day's business in Wall street as marking the beginning of a feverish period, during which stocks might sink lower than at present, followed by a strong improved movement lasting all winter. There was no reason in the world why any panic should be feared, the bnsiness of the country being in excellent condition and the outlook for a large export trade of grain being unparalleled. The conditions which preceded the panic of 1873 are all absent. Brayton Ives said he did not believe the failure of Ballou &. Co. would affect prices unless it was to send them up. The moral effect of such failures was of course bad at the moment, but there was no rea son to believe the winter's business would not be such as to cause a flow of gold to ward this country by Christmas. After the exchange closed a number of leading bankers expressed themselves as feeling more confident of the future. The liquidations going on for some time have resulted in placing the market on a healthy basis, and already there are indications that the investment public, both here and abroad, are purchasing. The Failed Firm. New Yobk, Aug. 14. — One of the sensations of the day was the failure of Geo. Win. Ballou & Co., of this city and Boston. The failure is understood to have been caused by the inability of its customers to make good their margins and to the fact that the firm has had con siderable f money tied in [the Cincinnati, Toledo & St. Louis Narrow Gauge road which recently went into a receiver's hands. About 10,000 shares of varioms stocks were closed out under the rule for their account, including Oregon Transcon tinental, New York Central, Denver <fe Rio- Grande, Missouri Pacific, Jersey Central, Wabash preferred and Lake Shore. The rally in the market before 12 o'clock was on reports that the leading operators had purchased large blocks of stock at private sale. Since the announcement of the failure of Gee. W. Ballon & Co. a quieter feeling prevailed in stock circles it being gener ally believed the suspension will not neces sarily lead to other failures. It is stated Ballou & Co. were recently long of the market and turned bears at about the lowest prices touched. Boston, Aug. i 4. — At the Boston office of Geo. W. Ballou & Co. very little re specting their suspension was to be learned. It was stated, however, that an assignment has been made to Theo. M. Nevin, who is connected with the firm. Boston, Aug. 14. — A prominent broker of this city said Ballou's suspension was occasioned by a refusal of the banks to further oertify to the firm's checks, but that the embarrassment was probably only a temporary one. The firm has been a large holder of San Pedro, Toledo, Cincin nati and St. Louis and Mutual Union stocks, and the suspension was due in a large degree to the decline in these shares. Darling further stated that the firm last night had securities and cash representing fully $1,000,000 surplus over and above all liabilities, and he could not understand how there was any necessity of suspension. He was as anxious to get the full particu lars as anybody ,which the New York house could undoubtedly furnish as soon as pos sible. He could not tell how much the liabilities were, nor what amounts of assets there were at present. The house of George William Ballou & Co. has done a banking and brokerage business in Boston for about ten years, the present senior partner starting here in 1873 alone, as a broker in county and state bonds. In 1875 the New York house was es tablished at 14 Wall street, with Ballou and William H. Brigham in charge, while D . H, Darling was given the control of the Boston house. Later on, Darling and Allen S. Weeks be came members of the firm and are still connected with it. The house has built up an extensive and very profitable business and become well known throughout the country, chiefly in connection with the Mutual Union. Judge Colburn granted an injunction to prevent the negotiation of notes amounting to $58,500 given Shaw Bros., who failed, by John Woolridge, of Lynn, solely as an accommodation to C. H. Ward and Shaw Bros. The judge granted the injunction solely to prevent negotiation, but not to prevent the collec tion of the notes in the ordinary way . Boston, Aug. 14. — The Transcript says of the failure of George William Ballou & Co. that it came like a thunderbolt upon the community here. It will now be seen that Ballou has acted manfully and stood by hio friends, and if the house goes down, it goes down having made the heaviest subscriptions and largest outlays of labor and money to push through the enterprises identified with his name. One of the leading Boston bank presidents said to-day: "I never had any dealings with Ballon or his house, and never made or lost money in his enterprises, but I can say if all the Delphos people had done as much as Ballou to sustain that enterprise it would not now be in the hands of a receiver. The Boston house was carrying the Toledo enterprise, while the New York house was engaged more largely in the stock markets, mostly, it is believed upon the commission business. The buying and selling of 16, --000 shares to-day under the rule for Bal lou's account ehowed, either for himself or his customers, that he was astride of the market, long on Oregon Transcontinental and Lackawanna and short on Northern Pacific stocks. This is the present dilemma of the average stock operator. A month ago this New York house was long by 15,000 shares of stock and accounted a firm believer in higher prices. It was also stated that with the Zeney and Brice party they were "bulling the market." The short sales were probably of recent origin. No estimate can be made of the liabilities, but it is generally assumed that they can not be extensive and that the ultimate losses must be comparatively small. The Boston house which was carrying the Del phos securities had about $200,000 or $300,000 on this account, $119,000 of which was Cincinnati Northern, $16,000 Dayton bonds, $70,000 on the account of the Southern Ohio Coal company, and $14,000 on the account of the Delphos Trust. Boston, Aug. 14. — D. H. Darling, second member of the firm of Geo. Wm, Ballou & Co., and the head of the Boston house, left for New York this evening. A. S. Weeks, the last member of the firm, is ill at Brookline, and knew nothing of the fail ure until told by a friend. The Boston business is said to be thoroughly sound, with no danger of collapse, and it is not believed here that any other houses will be affected by the suspension. It it fus Hatch Talks, [Special Telegram to the Globe.] Chicago, Aug. 14.— "The bottom has dropped out of some valuable stocks," re marked "Uncle" Rufus Hatch, good na turedly, "and a number of speculators are to be ruined by it. The causes of this little |panio are that there has been an over production of some lines of manu factured goods and an unlimited amount of speculation in watered stocks. Van derbilt and Gould have got to the end of their bubble blowing, and the New York Central is the greatest bubble of them all. Villard stocks have suffered with the rest, but they will not be dropped for any great length of time. The reason that lam a bull on the Northern Pacific stock is because it has land back of it. I tell you that 42,000 acres of land in thiß country is worth something. Some of it is bad land and some of it is good, but if it averages $5 an acre, there is enough of it to make Northern Pacific stock pretty good. It won't be long before the Northern Pacific stock will be as good as Central, and it will continue as high, for it has land to back it. We ood!2 nnto t have a general panic in America now, for the country is unusually prosperous and well prepared for emergencies. The production has not been of manufactured goods that have been protected by a tariff especially, nor of grain and provisions, and we are not likely to suffer from a glutted market, but the chief causes of this break in stocks have been that there are too many people living in the cities and too few tilling the soil, and the general rascality of stock brokers and speculators throughout the country. The immediate result of the flurry will be to draw money from all in vestments and speculations. The richer a man is the more timid he is about investing in anything' The truth of the whole matter is," con cluded Uncle Rufus Hatch, with an im portant gesture, "Wall street is busted, and don't you forget it." [Special Telegram to the Globe. J Chicago, Aug. 14. — Although the feel ing was exceedingly nervous the close on 'change to-day shows a decided improve ment. There was quite a struggle between the bulls and bears, but the former were finally successful, Wheat was greatly un settled all day with a large trade, and the wonder is what has become of all the long stuff that was put on the market. The Lester party during the open ing hours were heavy buyers, but later on rumors of numerous failures in New York they sold at least 1,000,000 bushels. After this the market gained strength, when several other lines of long wheat were unloaded. After this was absorbed there was more firmness and a steady advance to the close, when prices were at about the high est point of the day. The unsettled state of the stock market in New York and fears of money stringency were the weak feat ures. On the board there was an active busi ness transacted. At the opening the mar ket was weak and the first sales were at %o decline from yesterday's dosing, holders being nervous and weak over the unsettled financial situation, and buyers also in clined to hold off, and market ruled easy for a time and finally fell about %c below yesterday's closing. But at this point the trading began to increase and the market assumed a stronger tone, and under free buying there was a steady advance of \%l%c from the lowest point. (Elnfae. But the advanoe caused a good deal to be thrown on the market, and prices quickly dropped %a, but near the close the feel ing became buoyant. The situation in New York changed decidedly for the bet ter, and wheat v. ivanced sharply and clos ing firm, tin ■ hole fluctuations of the day was abou; . ; :»c, and the close was l^c over yesterday. Foreign advices were rot bullish, and cargoes on passage were quoted easier. For winter wheat there was a good demand, a steadier feeling and a shade stronger tone being noticed, and the receipts were fair. Shippers were the principal buyers, and cash offerings met with sale at current prices. The flour trade was a little more quiet. Local jobbers selected a few lots of strong flours. But shippers made but few purohases, although there was some trades for export pending. The stocks of shipping grades are light. Cold weather last night and this morn ing had a strengthening effect on corn, and although at times liberal offerings were made on the expectation of large re ceipts, the market at no time was what could be really called weak. The demand for cash was good, and New York in the face of the stock flurry held strong. About noon the report of a large eastern fail are started the bears on a ram page, but this was speedily checked by Borne good buying. Reports from the growing crop are conflictory, which, coupled with the continued cool weather, makes operators fear an early frost, and they prefer awaiting warm weather before attacking the market very severely. Trad ing was active on the board and prices firm, August closing at lj^c higher than yesterday, September about lo higher,and October l^c higher; The receipts were heavy, being about 900 cars, but this did not prevent a decidedly strong tone in the market. The shipping demand was good and crop prospeots called out a pretty lively demand from the shorts and from speculators who began to buy for invest ment. The first sales were at an advance on yesterday's closing, continued firm and sold up irregularly, 1%0 on September weakened some, then changed slightly and closed decidedly firm. Car lots of No. 2 ranged at 50^ @ 51c, and closed atSl^c bid. In oats, the store cash market was rather neglected. A few cars of new No. 2 were sold at 26c. the same as paid yesterday. A good many old No. 2 oats were offered at 27@280 but no sales of any account could be effected. Shippers and local buyers ara buying on the sample market altogeth er, and would about as soon have new oats as old owing to their being of superior quality. On the sample market trade was brisk and prices were firm, closing slight ly improved. A stronger feeling prevailed in the speculative market. The late de cline seemed to have materially checked the offerings, while at the same time an improved demand existed. Prioes as com pared with yesterday's closing exhibit K@%° advance. The market closed firm. Rye was about %4o lower. There was a good shipping and spec ulative demand, at the same time large arrivals and free country orders to sell for future delivery exerted a weaker feeling. No. 2 cash sold at 60@60%c. Rye in elevators is only in small quantity, so that it was difficult to get vessels to go to them to load. It sold at a discount. Sample lots were quiet. Sales were mostly of rejected, other grades going to store. Sales by sample ranged at 74 @ 75c, ac cording to quality. Future deliveries were active. Under liberal offerings to sell, however, prices were easier. Barley was dull and lower; it was diffi cult to find buyers. There were several outsiders to sell for future delivery. No. 2 seller September finally sold at 600, which was about 00 under former quotations. No. '2 cash was offered at 59c. A few sam ple lots were offered, but met with no demand. Some of these have been on the market for several days. The bears were successful at times to day in holding provisions down, but it re quired sales by Armour and fears of a bull run in Wall street. When these factors had spent their force, buyers had no chance whatever, and the close was 40c advance from the lowest quotations on pork. In quiries were received from New York at the opening indicative of the interest with which investors there were watching a chance to get in at the bottom here, and this seems to be the general attitude of speculators everywhere. Throughout the session of the board to-day there was con siderable interest manifested in the market, and trading in the aggregate |was quite large. The feeling, however, was somewhat unsettled, and prices fluctuated frequently, rendering the filling of orders rather unsatisfactory. The receipts of hogs were not very large, but the market was weak and prices ruled lower, which had an unfavorable influence on the market for product. Foreign advices in dicated an easy feeling in that quarter, and lard was quoted one shilling lower, and these reports from the eastern mar kets give sellers little encouragement. The receipts of product were fair, and the shipments in the aggregate quite liberal and widely distributed, a good proportion of the meats destined for the principal foreign markets. The shipping demand was fairly active, but buyers cautious and slow to meet the views of sellers. There was a good business reported in the mar ket for mess pork, but they were very ir regular, though confined in a smaller range than current yesterday. The de mand was quite active, and the offerings liberal in the aggregate. The market opened stronger and 10@15o higher, and was quickly followed by a further improvement of s@7J^c. The offerings, however, were liberal and prices gradually receded 20@250, but under an urgent de mand this decline was recovered again. Later the market advanced to outside fig ures, and closed comparatively steady. The shipping demand was moderate. Cash in fair demand. A fair demand prevailed for lard, and the offerings were fair. The feeling was somewhat unsettled and prices irregular, fluctuating within a range of 15 @ 20c per 100 pounds and closed com paratively steady at outside figures. The shipping demand was fair in a quiet way. Cash in moderate request and quotable at $8.05 @ 8.10. The hog market was quiet, weak and 5 @ 10c lower. There were 12, --000 received. The receipts of grain to-day were 155 cars of wheat, 910 oars and 4,500 bushels of corn, 169 cars oats, 90 cars and 6,800 bushels of rye. The shipments were 29,500 bushels of wheat, 175,000 bushels of corn, 137,000 bushels of oats, 21,500 bushels rye. The charters were 55, --000 bushels wheat and 318,000 bushels oorn. Closing quotations on 'change for Au gust delivery were. Wheat, $1.01%; corn, sl3^c; oats,26j£c; poxk, $firstname.lastname@example.org; lard, $B@ls. The September futures ended the day at $1.03% for wheat, 50% c for corn, 263-^c for oats, $12.20 foripork and $8.17^ for lard. LIVERPOOL. I Special Cablegram to the Globe.] Livebpool, Aug. 14. — Wheat quiet. No. 2 spring, 9s 2d. Corn quiet but steady. Cargoes off coast, wheat qniet but steady; to arrive, wheat and corn rather easier, de mand for wheat and corn for the united kingdom and continent is moderate; pork, 775; lard dull at 48s 6d; bacon, long clear, 38s 6d, and short clear, 445; cheese dull at 49s 6d; beef; 90s; tallow, 40s 6d. LONDON. I Special Cablegram to the Globe. J London, Aug. 14. — Wheat firm. Spring, No. 2, 9s 2d. Corn firm. Mark Lane — Cargoes off coast — Wheat qniet but steady. Corn, none offered. Cargoes on passage, wheat and corn seems easier. Weather in England more settled. ON THE TRAMP The Progress of the Presiilential Party Toward the Yellowstone— The Magnifi cent Scenery— The Report Done Up Brown by the Soeclal Jenkins of the Expedition. Camp Stages, on Terry's Lake, Wyo., Aug. 12, via Fort Washakie, Aug., 13. — It was determined last night to move our camp this morning a few miles to where there would be more abundant grazing for the horses and mules. Accordingly at 6:30 everyone was in the saddle and started np the valley on the right bank of Wind river. Owing to the rain of yesterday the trail was in splendid condition for com fort and marching. The sun was obscured by clouds, and with the temperature below fifty degrees all day, our short journey would not be wished at an end. An hour's travel over the hills and rolling land and Wind river was reached^ at the point at which it passes through gorgeous masses of rocks known as Red Butts. The first crossing was made by fording in a diagonal direotion up stream, where the water was so rapid in its flow that one's neighbor seamed to be moving up i::e river with the speed of a runaway hor?e. Soon by a short ford the river was re crossed, and at the end of another mile the western boundary of Shoshone reservation was reached. From this point our travel was very interesting, but not so diffi -ait. The journey was over a series of lofty di vides to escape the precipitous banks of small streams flowing from the mountains into the river. In descending one of these it was necessary to dismount, and lead our horses. Up the highest divide we halted to take in the beautiful view covering scores of miles up and down the river, with the snow-covered peaks of the Shoshone mountains in front of us, and those of Wind river mountains at our backs. Here we took onr last look at the great land mark, Crow Heart Butte, thirty miles away, which had been in view since leaving Fort Washakie. Wallowing Buf falo, one of our Arapahoe guides, tells us that it gets its name after the great battle between the Shoshones and Crows many years ago . The victory of the Sho shones was celebrated by burying the hearts of the dead Crows in the summit of the butte. After a ride of twelve miles we have reached the banks of some beautiful lakes which are called after Capt. Terry, for merly an officer of the army but now owning large cattle herds on the range near by. The lakes are said to abound in large trout, and we expect to spend to-morrow nshing. Game is not very abundant in this neighborhood, but our hunters brought in two antelope yesterday, and a few moun tain grouse were killed on this march to day. Shoshone Dick, a white member of the tribe who was captured probably from an emigrant train when so young as to have lost all recollection of the event, is one of our Indian party, and has gone off to look for signs of game, and we hope for a good report from him. Our camp is named Camp Stager, in honor of Gen . Anson Stager, of Chicago. ♦Lydia E. Pinkham'e Vegetable Compound is daily working wonderful cures in female diseases. A VANDERBILT DODGE. He Wants to Gain Control of the Wabash So as to Force the Baltimore & Ohio to Terms. [Special Telegram to the Globel Chicago. Aug. 14. — Gen. Devereaux, Mr. Tillinghast and the other Vanderbilt officials who arrived here Sunday, are still in the city. They made an inspection of the facilities of the Vanderbilt lines in this city. The opinion is gaining ground among railroad men that the trip of these gentlemen to St. Louis, Kansas City and Omaha was not bo ranch for the purpose of making arrange ments for the construction of a new line from St. Louis to Kansas City and Oma ha as to scare Gould and his partners to sell out the Wabash to Vanderbilt, at a low figure, or at least gain some import ant concessions for that road. Vander bilt can make excellent use of the Wabash and its branches in connection with the various roads he already controls. The establisnment of a new route by the Wa bash, Baltimore & Ohio, and Great West ern of Canada, has proved a thorn in Vanderbilt's side, and he is said to be de termined to force the abandonment of this new line to the east, and he expects to accomplish this end most effectively by securing control of the Wabash and dividing up among his various roads. An other rumor gained ground that Vanderbilt is also trying to get control of the North ern Pacific, and he is believed to have caused the heavy decline in the Villard, and Vanderbilt has secured a large if not controlling interest in the Union Pacific, and this would account for his desire to have something to Bay in the management of the Northern Pacific in order to stop disastrous competition. Then the acqui sition of the latter would also give his Northwestern road another direct outlet to the Pacific coast. NO. 227 A DESPERATE|CATTLE ITHIEF. He Frightens Oft' the Sherift' and Danger- ously Woundsja Citizen. | Special Telegram to the Globe. 1 Wahpeton, D. T., Aug. 14.— About 9 o'clock this morning a desperado who call ed himself Charles Henderson, brought an ox to town and sold i,it ,to father Rice for sixty-live dollars, for which Rice gave his check. A few minutes after the trans fer a farmer living about nine miles from town, named Frank Bolls, came and claim ed the ox as stolen from him. The check being drawn before banking hours gave the father a chance to interview the sheriff and stop payment of the check, which was done, and Henderson handed over to the sheriff, who claimed innocence. In bring ing the thief into contact with the owner, he skipped, and fired twice at the sheriff, not doing any harm, however. In his chase toward the timber he was encountered by Anto Weiden an ex-city marshal, whose valor outstripped the sheriff. The thief and Weiden exchanged fire several times and unfortunately Weiden had the worst of it, he having received a ball through the groin which may prove fatal, but notwith standing this he followed the thief almost alone to the Red river where he crossed into the wood. The wounded hero turned home almost exhausted while the sheriff was looking around for recruits to follow the thief Two hours after news was re ceived that Henderson was seen near Me- Cauleyville, and left to roam at large for aught our sheriff seemed to care, for when he was warned of the desperado's wherea bouts the sheriff was hungry and put for home. Oh, for a supply of Northfield. scouts. A nt i- Music Presbyterians. Pittsbubg, Aug. 14. — The national con vention of the anti-music party of the United Presbyterian church, assembled at the Fourth church in Allegheny City, this morning at 10 o'olock, about 200 minis ters and elders being in attendance. After prayer by Rev. J. M. H. Fulton, pas tor, Gen. James Aeken, of Jeffersonville, Ind., temporary chairman, appointed a committee of five to dispose of the order of business and the nomination of perma nent officers. The committee retired and returned with report recommending the following permanent officers, who were unanimously elected: Chairman, Gen. James Aekin, Jeffersonville, Ind. w vice president, Dr. D. W. Carson, Burgetfow^i, Pa.: secretary, Prof. Edward F. Ree Y d, Monmouth, 111.; treasurer, Wm. Floyd, Pittsburg. The convention then adjourn ed for dinner after devotional exercises. Judge Black 111. Yobk, Pa., Aug. 14.— Judge Jere S. Black is suffering from an urinary affection, and is seriously ill, but at 11 to-night is resting quietly under the influence of opiates. No immediate danger is apprehended by his physicians. AMUSEMENTS. RAMALEY PAVILION, WHITE BEAR LAKE. SEVENTH CONCERT AND HOP, This Evening, Wednesday, August 15, BY THE Great Westernßaod These Wednesday evening entertainments are pronounced a success, and are patronized by the best of society. They give genuine and the right kind of out-door recreation to all. A tine display of FIREWOKKS will be added this even ing in the way of a variety . Trains at 6:15 and 7:15 doing; returning from the lake, at 9:40 and 11:30 p. m. TALIAGE! The Great Brooklyn Preacher and Ora'or AT MARKET HALL, Weflnestoy Evening, Aug. 15. SUBJECT: "BIG BLUNDERS." Tickets — 50c, 75c and $1. For ea!e on and after Tuesday morning, at Dyer & Howard's. 221-227 PIANOS AND ORGANS. 1H Gives Special Bargains in KM ABE Hit NE PIANOS Olough & Warren Organs. 96 E Third Street. - St. Paul,. BUSINESS CHANCES. itiWSil The gooee that laid the golden egg is defunct, bat if you want to catch on to a tidy little With good dwelling, etc., situated one mile from a flourishing town and now bearing a crop of oate, yon can do so DIRT CHEAP! As the owner is HARD UP By addressing a BUSTED SPECULATOR, 227 Daily Qlofce V •. .