The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-12-11

Wheat has shown more strength the
past week than for any similar period Of
late. The strength in prices has been at
tributed to the light receipts and the con-
tinued improvement in demand. The in
crease in prices for the week is about 2
cents. At Minneapolis the close Satur-
day was att &C., while for the previous
Saturday it was 65c. At Duluth there
was also a S2-cent gain-6SAe, as against
$3.50. At Chicago the gain, was 112c, zoe,
as against 6S1kc At New York the diff
ference in price was 751sc, assagainst 1870.
The outlook for the wheat market is as
promising as could be hoped for. There is
nothing to indicate a. sudden change in
existing conditions, though wheat is ever
a lottery, and gains can be swept aside as
rapidly as they accumulat ted. On the
whole, however, the market Is somewhat
favorable to the bull interest.
CORN AND OATS.
While corn has not cut an over-import-
ant figure in the markets the past week,
1t has held it's own and shown slight
gains. The demand has been fairly active
for the week, and, though the coarser
grain naturally follows wheat, f1uctua
tons in it have not been SO marked as
in wheat
Oats have ruled fairly steady and the
demand has been at least as good as for
the previous week
STOCKS ARE LOWER.
This does not, perhaps, apply to rail-
roads, which, through all the vicissitudes
that have assailed the stock market since
the stringency in money set in, have kept
evenly balanced, holders showing little in
clination to even indulge In dangerous
profit-taking. Industrials were first weak
ened by the possibility, if not probability,
of adverse legislation, and it has been
shown to be difficult for borrowers to Sc
cure accommodations on the gilt-edged
industrial securities. Money is still a
guess. There Is every reason to believe
that the outlook Is slowly growing better,
but until there is something more tangible
thar possibility of improvement there is
little chance for improvement in the loan
situation.
LONDON STOCK REVIEW-London.
Dec 10-The London Stock Exchange,
like the foreign bourses, is dominated by
the money position and business is al
most at a standstill, with prices dis
at 1913, the lowest figures for the year.
This situation will probably continue
until the end Of the month and 1t is
doubtful whether even good news from
| the seat Of war in South Africa would
| work a material change so long as the
| dearness of money continues. American
securities huctuated considerably last
| week, although prices improved on the
favorable impression produced by Presi-
| dent McKinley's message to congress and
! his declaration regarding currency re-
form. This improvement, however, was
followed by depression and yesterday
came an all around set back owing to
j realizations andsthe inherent weakness of
! the market. Baltimore & Ohio preferred
! fell 1a4 points; Southern Pacific IA;
! Atchison. Topeka & Santa Fe adjust
ment, Denver & Rio Grande preferred
! Louisville & Nashville, Northern Pacific,
New York Central & Hudson River and
| Union Pacific, 1 per cent; Chesapeake &
/ Ohio. Chicago, Milwaukee & st. Paul,
! Illinois Central, Norfolk & Western and
! Union Pacific preferred, ~. Money was
! in good demand, call money at ~ to 5
per cent; fixtures at to 81, and three
months bills 57s to per cent.