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St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, February 13, 1884, Image 1

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn90059522/1884-02-13/ed-1/seq-1/

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Trading in Clricago Confined
Chiefly to Home Specula
tors Yesterday.
May Wheat Touched $1.03, But Set
tled Back to Opening Prices-
Corn and Lard Steady.
Strong Demand For Hogs With But Limited
Receipts---LesscActivity In Provis
ions—-Flour Dull.
Considerable Liveliness in Wall Street
With Light Fluctuations aud a
Decline at the Close.
[Special Telegram to the Globe. 1
Chicago, Feb. 12.—Home talent is having
it pretty much its own way on 'change these
days. The universal skin game goes blithelj*
on with very little outside intervention to
vary the monotony, which can hardly be
called monotony, since the excitement oc
casioned in a contest between well matched
Combatants is necessarily greater than when
t'ie foe is weak and easily beaten. The
clash of steel against steel enlivens the bat
tle with showers of sparks, while if one
weapon be of wood it is easily broken and
the enemy quickly vanquished. The amount
of finesse and strategy made daily
use of by large houses
on the board of trade, and that
Mecessarily sharpened by the present condi
tion of things would, if laid bare and open
to the understanding of the average country
speculator, materially weaken his hopes of
ever being able to cope with such giants of
diplomacy us are shining lights among our
home talent. There is no long wheat, said
a trader to-day, unconscientious^* illustrat
ing the above situation of affairs. Jones and
Ream are long through the newspapers, but
they are not long on the market.
Early morning quotations were an illustra
tive of considerable strength all round.
There was, for an hour or so, a good deal of
short wheat covered and price of wheat for
May advanced from $1.0234 at the opening
to §1.03. From this point a gradual decline
started, resulting in a loss of all that had
been gained. It is said that there were a
number of heavy holders who bought a few
days at §1 or slightly above, and satisfied
with a sure profit of lj£(g)2c unloaded and
took it. The continued bad weather and in
creasing disaster by flood, while it has abso
lutely nothing to do with the pres
ent crop is successfully used
as a bull argument. Its real Influence in
that direction is insignificant in the effect it
will have on the finances of the country.
The strength in provisions to-day was hard
ly so marked as it has been for the past
week. An advance in pork amounting to
about 20c was scored, but lost at the close.
Less activity is observable in all artioles On
the list. May pork closed to-day at $18.27>£,
after reaching §18.50. There are plenty of
provision men who have faith that it will go
to «20.
There was considerable improvement in
the com market to-day, the opening being
%c above yesterday's close and scored an
actual gain of %c. There is some reason why
the condition of the weather should be called
to account for iluctutions in corn and the
bulls will undoubtedly make the most of it.
On the whole there was little of interest tran
spired to-day in connection with local tran
sactions in grain and provisions but it is
whispered that the bears are tuning their fid
dles and expect soon to lead the bulls a
lively dance. On call, wheat was active and
freely offered, and closed at 1.02% for May.
Corn and pork were a shade higher, lard and
short ribs steady.
On the curb grain was light, but a stronger
feeling developed in wheat until 3 o'clock,
when it became weak, and a similar feeling
was developed in pork and ribs. Corn and
lard were steady. The closing quotations
bid for May were: Wheat, $1.02^; corn,
59>^c; oats, 27>ic; pork, £18.27>£; lard,
$10.10; ribs, S9.02K- Receipts of cattle
show a falling off of 1,000 as compared with
last Tuesday, and about 3,000 for the two
days of the week so far. The market ruled
rather dull during the early hours of the
evening. A pouring rain, that congealed al
most as fast as it fell, rendered
outdoor operations difficult and unpleasant
bo most of the buyers remained inside
until nearly noon, the general impression
being that should the weather contiue bad,
trade would rule quiet, and that perhaps.price
might rule a shade lower. The sales that were
made during the morning show no particular
change, andthere a good many salesmen who
made up their minds that before they would
accept much of a decline, they would cam*
over their consignments. Receipts are
higher and the chances are in favor of the
Receipts of hogs were about the same as
last Tuesday, and about 1,000 less than for
the corresponding period last week. The
market opened with a strong
demand and a short upturn in prices,
advances being uneven, ranging all the way
from 10c to 21c. Packers, shippers and
speculators were ready buyers, hogs sell
ing as soon as could be after leaving the
Trade in sheep was quiet, owing to the bad
weather. Then, again, rumors were floating
about of the inability of some railways to take
stock east on account of the floods, but the
rumors wouldn't stand the test of investiga
tion. There was little or no change, yet
salesmen felt an apprehension that the big
receipts were rather against a brisk trade,
and common and medium remained unsold.
Howard, White & Co. review the flour
market to-night as follows: Receipts for the
past week were 99,705 barrels, against 112,
635 barrels for the previous week, and
63,724 barrels for the same period last year.
Shipments were, 14,197 barrels for the past
week, against 101,924 for the previous week,
and 1,693 same week last year. The ship
ments as reported for last year, are not cor
rect, as eastern roads did not give any report
at that time. The demand has been exceed
ingly limited from all sources and there ap
peared to be no desire to buy beyond aetua
requirements. Local jobbers selected a few
small lots, but did not manifest the least
disposition to stock and acted very indiffer
The shipping demand has been next to
nothing. A few Canadian ordors
were received, but generally for special
brands or grades, so that buyers to fill these
orders did not come on the open market to
purchase. Nothing is doiifg on European
account though occasionally an order was
received, but limited so far below sellers'
▼lews that it was impossible to trade. Spec
ulation in wheat has not as yet helped the
flour trade, and millers have shut down to
some extent, and the quantity manufactured
has been smaller.
The receipts at this point have been 1,200
barrels le6s than last week. No encouraging
feature appeared, the foreign mar
ket being glutted with flour,
which is being supplied from all over the
globe, that received comprises mostly con
signed stock. Prices remain unaltered;
spring wheat flour ruled steady while winter
wheat flour ruled firm and by some parties
held a shade higher.
'Rye flour quiet; buckwheat flour dull,
and neglected, (a great deal of mixed buck
wheat flour is on sale which is not wanted
at all); choice and fancy winter
wheat flours, [email protected] Choice and
fancy merchandise, [email protected]; clears from
winter wheat, [email protected]; second, [email protected];
superfine3, [email protected]; potents, good to fancy,
$5.50(<£6.625; Minnesota bakers, good to
choice, §[email protected]; soft wheat springs, good
to choice, [email protected]; clears, from spring
wheat, [email protected]; low grades, $2(o,3.25;
patents, choice to fancy, [email protected]
■Cjiicago Financial.
[Special telegram to the Globe.]
Chicago, Feb. 12. —The banks continue fairly
called on for money, which is going out in desir
able call loans at 5!.-2<&6 per cent., and on time
loans at 0©7 per cent. The supply is sufficient
to go around. The shipments of currency to the
country are light. Eastern exchange is at 40c.
premium. Foreign exchange is reported given
at 7.84?>[email protected]!4 for sixty day documentary sterl
ing. The associated bank clearings were §7,254,
000 against $8,221,000 yesterday.
]Speclal Telegram to the Globe.]
New York, Feb. 12.—It wa3 given out
that Carnmack, "WoerisholTer arid Smith were
the heaviest sellers of the market during
the closing hour yesterday. The decline
then inaugurated appeared to be hardly fin
ished at the close. The dividend stocks
showed great activity all day, especially Rock
Island, Chicago, Burlington & Qaincy, St.
Paul, Missouri Pacific and Union Pacific, and
also the ex-Villards, but with the exception
of two or three stocks, fluctuations did not
exceed one point. At noon, Rock Island,
Northwestern and Chicago, Burlington &
Quincy made a sharp advance. From that
time till the end prices fell off, and in the last
ten minutes representatives of the old bear
party paid their compliments to the list and
sold it freely all around, making the lowest
prices of the day. The "fancies" all were
inactive all day, and neglected until the
pressure was brought against the list then
wilted easily. Omaha earnings for the first
week in February increased $35,500; Chica
go & Atlantic $4,000; Canadian Pacilic $10,
000. Manitoba earnings for the first week in
February decreased $0,700. Central Pacific
earnings for January decreased $135,000 on
a decrease of mileage of 197 miles.nBankers
and Merchant's telegraph closed at 125)4-
How Chicago Commission Men Reap
Profits by Not Measuring Grain.
[Special Telegram to the Globe.]
Chicago, Feb. 12.—The secretary of the
board of underwriters has addressed a circu
lar to board agents, calling attention to the
small business done, notwithstanding the
great amount of grain in the elevators, and
states that this indicates that the commission
men were carrying their own risks and
charging rural merchants with insurance,
which gave them the impression that their
grain was taken care of. In order to deter
mine the. facts, the circular requests each of
the agents to report by the 14th the
amount of grain they are carrying, and states
further that tbe secretary of the insurance
exchange would make a similar request of
non-board agents. When the returns are in
they will be compared with the amount of
grain elevators are carrying. One instance
exists where a certain bank had to pay $50,
000 insuranee on grain burned in a Chicago
elevator. Others were inclined to the
opinion that commission men charged for in
surance and did not insure, and that in the
occasion of the burning of an elevator a good
many shfppers would find themselves with
out compensation for their loss.
The Foster Element in Favor of Logan for
President — Gerrymandering the State.
Columbus, O. Feb. 12—The Rebublicans
nnd Democrats are both actively at work now
preparatory to the campaign of 1884. The
recent interviews of Foster in the east against
Arthur were part of a premeditated plan to
get a delegation from Ohio to the Chicago ■
convention for Logan and Foster. The Fos
ter element has been co-operating with Blaine
for years but went to Logan on the ground
that one of the nominees should be a soldier.
The Republicans who went out of office with
Foster the first of the year are going about
the state organizing clubs of young Republi
cans, of tariff men and workingmen and
will, no doubt, capture the state convention.
There seems to be no doubt whatever that
the Democratic state convention will elect a
solid delegation for Payne for President.
The work now is in getting compaign thun
der. The Republican think the Democratics
legislature will keep them out. It has really
already gerrymandered the state so as give
the Democratics twelve of the twenty-one
congressman sure, and the republicans six
sure, with three doubtful. Five years ago the
Republicans fixed them that way. And the
Democratics got fourteen to their seven. They
did it right after the decenial census when
apportionment had to be made as one more
congressman was given to Ohio.
The present redisricting act was passed
when there was no cause for it whatever ex
cept for political advantage to those having
power, and it may react. Another thing is
the republicans look for popular dissaproval
of the bill abolishing the contract system for
prison labor, which it is said will run the
state heavily in debt and be a demoralizing
experience as well as a costly failure in the
end. The general organization of the state
institution has been agreed upon and it is
always a heavy load for any party to carry
for the first year.
Immense crowds still throng the great assign
ment sale of $40,000 worth of dry goods at 422
Wabashaw street. The bargains are unquestion
able. For the accommodation of those who
cannot attend during the day, the store will be
open this evening.
Indignant at the Charge of Complicity.
[Special Telegram to the Globe.J
Fargo, Feb. 12. —In the district court to
day a demurrer to.the indictment against
Chief of Police Wood, charging unbecoming
conduct at a house of ill-fame, was overruled
and the case stands for trial. At the close of
the argument, District Attorney Ball made a
personal explanation in reference to imputa
tions made by individuals and in certain
public prints. Referring to the Republican
and Sun, charging the officers of the court
with disreputable complicity in the proceed
ings of these and similar indictments, and
making disgraceful tenders of compromise,
Mr. Ball indignantly denied on behalf of
himself and Sheriff Haggert, that there was
the slightest basis for the scandalous asper
sions. His connection with the case, he said,
was only such as required by his duty as a
public officer. Judge Hudson also expressed
very emphatic disapproval of the statements
of the papers in question, and Col. Thomas,
attorney for the defense, added his earnest
regrets In the matter.
Kavanah sells a piano and fine furniture, car
pets, crockery ware, stoves, etc., at the residence
No. 485, east Seventh street, at 10 o'clock this
Salisbury and Northcote Assail
the British Government on
their Egyptian Policy.
Strong Language Used by the Movers
—Gladstone Comes to the Rescue
of His Party.
The Massacre at Sinkat—-The Women and
Children at the Tender Mercies of the
Oriental Cut-Throats.
London, Feb. 12.—A number of the
liberal members of the house of commons
have petitioned the government, urging
more direct interference in affairs in Egypt.
' In making his motion of censure, the Mar
quis of Salisbury said, if the government had
resolved either to hold or abandon Sennaar,
General Hicks might have been saved. His •
loss was due to their vacillation, their in
difference and their inconsistancy, ending in
a panic. The news would now run through
the whole Mohammedan world, that England
had been defeated again and again and
again, and was now being hunted out of
Egypt. England's name would be a lagacy
of hatred and contempt to the Egyptians. In
conclusion the marquis asked, whether
the abandonment of garrisons,
the slaughter of brave men and
the surrender of women and children to the
horrors of an Oriental victory, invovled no
blood—guiltiness, and he_ exhorted the lords
not to be accomplices in this dishonor. Gran
ville, the foreign secretary, said the policy of
the government was not directed according
to the articles In foreign journals. Salisbury
was laboring under a mistake if he meant to
convey the impression that any European
power had remonstrated with England. He
protested against the idea, because a fc reign
army selected English officers, England was
thereby made responsible for that army's
success. It would be no economy that the
blood pf English soldiers should be shed to
hold the Soudan, although Salisbury thought
the government vacillating and inconsistent
in not doing so. England and India
had no interest in the Soudan, nor
indeed, had Egypt any permanent interest
in that country* Why this great sympathy
for Sinkat and Tokar, which represented not
more than a fiftieth of the troops in the Sou
dan? It was necessary for the government
to be careful, so as not clash with the larger
views of General Gordon. The government,
however, had ascertained it was not to inter
fere with Gordon's plans, if a force were
sent to act around Suakim with a view to the
relief of Tokar. Since the defeat of Baker
Pasha, it had been altogether impossible to
relieve Sinkat, the government had no inten
tion of annexing Egypt. It would remain
there simply* long enough to secure a stable
government, and it would be quite impossi
ble to govern Egypt from Downing street.
The only thing that could be done
would be to appoint a first-rate man to repre
sent England in Egypt, and then recom
mend efficient men to the civil and military
positions, and give their English support.
The force of eircumstances obliged the gov
goverument to go further than they pro
posed, but the cabinet ought to restrict Eng
land's connection with Eygpt to the object
declared by the government.
Northcote in the commons, made a motion
of censure. He strongly denounced the
sacrifice of Gen. Hicks. Egypt, he said,
should have limited her operations to the
country where she could succeed, or she
should have made better provision for
carrying the expenditure further. But
in neither case did Egypt receive
the support from England which she had
every right to expect. Gladstone in rising
to reply was greeted with loud and prolonged
cheers. He met Northcote's motion with a
direct negative. He denied that there were
vacillation or inconsistency in the govern
ment's Egyptian policy. Northcote used this
phraseology in his motion for the purpose
avoiding himself to declare a policy. The of
situation in Egypt was not the situation that
they had found. They had tried to keep in
tact the interests of 300 millions who com
posed the British empire.
0 Gladstone stated that 4000 men hsd
been ordered to Sua Rim. Ganeral Gordon,
he said, had a plan of his own forextracating
the garrison and restoring the country to its
former pacific condition. General Gordon's
plaa would restore the former rules to the
ancestral power usurped by Egypt. He
denounced . as a gross error
the duel control which has been
had left him as a legacy. England had not
withdrawn from the hands of the Egyptian
government's control of its institutions. She
had simply made Egypt to understand that
the British military occupation of Egypt en
tailed the necessity of seeing the British ad
vice followed. Gladstone strongly opposed
the reconquest of the Soudan, and in con
cluding he asked the houso to accord the
government an acquittal to which it was en
titled. The debate then adjourned.
A City in Difficulties.
Atlantic Citt, N. J., Feb. 12.—The city
has stopped the payment of all bills, except
the police service. The city is in a good
financial condition, but is temporarily em
barrassed by the recent construction pf the
word "indebtedness." Early relief will pro
bably be given by legislative action.
No. 1 goes to a tailor and has his Spring Suit or Overcoat "Made
to Order;" buys his Spring Hat at an exclusive Hat Store; pays for
entire outfit about $55. No. 2 goes to a reliable Clothing House,
selects his Suit or Overcoat, tries it on and purchases it; he also
buys a stylish Spring Hat at Clothing House; cost of entire outfit
about $28. No. 2's Suit or Overcoat is made from the identical
same goods as No. 1, and the general make-up and fit is equally as
good. His garments look as stylish and wear as well as No. l's
and he is $27 ahead by being sensible. Spring will soon be here,
why not be sensible?
Cor. Third.and Robert Streets, St. Paul.
James McMillan & Co.,
Proprietors of the
109 Firrt Anenue Soutb, MINNEAPOLIS, MINN,
Shipments solicited. Write for oircnlars.
And everything in the Music Ike at LOWEST I
• 148 & 150 East Third St. "
Grand Opera Honse!
Greatest Sensational Drama on the American Stage
Matinee To-day, 2 P J.
No Performance To-night.
The G\reat:New York
Queen's Lace Herein
For the first time in onr city.
During this eventful week tho Incandescent
Light will illuminate the entire houpe, taking the
place of gas. COME OIsE, COME ALL! See all
the combined wfuders., at thd popular prices—
31, 75o, 50c and 25c. Seats now oa sale.
L. N. SCOTl, M»hagei.
Three Nights and Saturday Matinee, Thursday
Friday and Saturday, Feb. 14, 15, 16.
New York Opera Company,
In a Superb production of Herr Johan Strauss'
most successful Master work,
Which has just closed a long and brilliant season
of 200 nights at the most beautiful theater in
America, the Casino in New York city, Boston,
Brooklyn, Philadelphia, St. Louis and Chicago,
(through arrangement with Mr. Townsend Percy,)
will be produced complete in every particular.
Grand Chorus. Complete Orchestra. Magnifi
cent costumes. Beautiful scenery.
Usual prices—$1, 75c, 50c., Gallery, 25c.
Sale of seats commences Wednesday, 9 a. m.
Gives Special Bargains in
Olough & Warren Organs.
96 E Third Street, - St. Paul
ieirj Oyer!
Will commence this week a great Clearing-out
Sale of
Olis & Eft.
Broken Dozens,
Etc., Etc.,
And the Balance of Surplus Winter Stock, marked
at such low prices as must result iu a speedy gale
of the same.
One Lot of
Coli Flannel Uienear,
Ladies' Drawers and Skirts,
Children's Night Gowns,
Gents' Drawers,
Worth $1 to $1.50; your choice at
50 Dozen of
Lies' Cashmere ail Wool
Extra Good Qualify, worth from
$1 to $1.50, at
25 Dozen
Sold at $1; notv at
. UUUi
25 Dozen
WM Half Hose,
Worth 45c. at
15 Pieces of
All shades, worth jrom $1 to
$1.25, at
Lies' Qi Hers,
Tailor-Made, Slack and Colored,
worth from $12.50 to $18, at
Jersey Waists at a Bargain,
Bargains in Muslin Under
Cloaks and Dolmans at less
than cost of material.
Remnants of Embroideries
at half price,
Nathan Lyons&Co.,
11 East Third Street,
The Mann Stock of
The Magnet that Draws the People.
Owing to the immense rush that attended the
opening of this important sale, the auction had
to be abandoned and the continued crowds have
made it necessary to announce,that the Stock
will be offered at Private Sale during the bal
ance of this month. In order to accommodate
those who cannot attend during the day the
store will be open for business
N. B. Dealers will bear in mind that this is the
stock lately assigned to J. A. Owens, Esq., for the
benefit of creditors, and that there are many
lots that will be closed out at prices fabulously
4=22 Wabashaw street, near 7th.
P. T. KAVANAGH, Auctioneer,
Late Seventh Street Opera House.
The Recognized Family Theater 1 Everybody Delightedl
Immmense Success of the New Oomedy,
Family Matinees Wednesday and Saturday;.
ladies and misses attending the Matinees [.-presented with an elegant Souvenir, art
Insurance Agents,
Insurance Company,
S. R. W. Heath .' President.
D. H. Dunham Secretary.
Cash CapitaTr$500,000.
Value of Real Estate owned $146,414 83
Loans secured by mortgages on real
estate 764,CP3 IS
Market value of all bonds and stocks 370,548 50
Loafis secured by bonds and stocks
as collateral 71,100 00
Cash on hand and in bank 24,834 40
Premiums in course of collection... 5,170 74
Allother assets .' 456 83
□ Total Emitted assets $1,133,228 48
Capital stock paid up $300,000 00
Reserve for reinsurance 133,835 55
Unpaid los-ses 13,729 31
Other liabilities 3,671 34
Total liabilities, including capital $051,236 20
Net surplus 731,992 28
m. income in 1883.
From premiums received $222,785 88
From interest and dividends. 74,274 13
From rent3 and all other sources... 10,494 24
Total income $307,554 25
Losses paid $103,648 43
Dividends 60,136 13
Commissions and brokerage 32,854 55
Salaries of officers and employes.. 19,012 00
Taxes 8,072 35
' All other expenditures 9,040 55
Total expenditures $23-3,304 01
Total risks in force Dec. 31, '83.. .$31,531,300 00
Risks written $395,250 00
Premiums received 3,579 18
Losses paid 190 98
Losses incurred 190 98
Department of Insurance, >
St. Paul, February, 1884. )
I, A. R. McGill, Insurance Commissioner of the
State of Minnesota, 4° hereby certify that the
Firemen's Insurance Company above named, has
complied with the laws of this state relating to
insnrance, and is now fully empowered through
its authorized agents to transact its appropriate
business of fire insurance, in this state for the
vear ending January 31st, 1885.
42-44 Insurance Commissioner.
MUiioAL nr$tBimi»Ti.
AftMilifl III ilW | M II i WM.
I know of none superior to the Weber and none that oan oom
pete with them for durability.—Teresa Carreno.
The tone of the weber Piano is so sweet, rioh and sympathetic
yet so fall, that I shall always rank you as the greatest manurao
turer Of the day.—Emma Thursby.
Weber Pianos excel all others in volume of tone and in psws:
of expression.—S. Liebling.
There are no Pianos in the world that suscain the voice like th».
Weber.—Emma Abbott.
R. O. MTJNQER, Agent, St Paul.
Insurance Company.
C. K. Nichols President,
H. F. Perkins Secretary.
Cash CapitHU30e,000.
Value of real estate owned $38,808 00
Loans secured by mortgages on real
estate 80,244 58
Market valua of nil bonds and stocks 213,084 00
Cash on hand atid in bank 21,411 32
Premiums in course of collection.. 6,835 90
Allother assets 1,33'J 10
Total admitted assets $391,343 00
Capital stockjpaid np $300,000 CO
Reserve for reinsurance 74,75o :4
Other liabities 2,413 05
Total liabilities, including capital $377,134 -39
Net surplus * $14;108 01
ill. IXCOJTE dj 1883.
From premiums received $49,429 49
From interest and dividends 10,07<» H
From rents and all other sources... 974 72
ToUIincome $00,434 08
Losses paid $15,083 94
Dividends 12,804 00
Commissions and brokerage 8,078 0)B
Salaries of officers and employes... 9,176 40
Taxes 5,li8 12
All other expenditures 3,714 40
Total expenditures $53,485 5-.
Total risks in force Dec. 31, 1883. $19,681,<!00 00
Risks written $291,830 00
Premiums received 3.308 45
Losses paid 6,818.20
Losses incurred 0,848 25
DepabtmBnt of Insurance, >
St. Paul, February, 1884. J
I, A. R. McGill, Insurance Commissioner (if the
State of Minnesota, do hereby certify that the
Dwelling House Insurance company above natned,
has complied with the laws of this staffe relating
to insurance, and is now fully empowered through
its authorized agents to transact its appropriate
business of tire insurance, in this state for the
year ending January 81st, 1885.
42-44 Insurance Commissioner.

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