The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-14
CABLES ARE STRONG,
PRICES ARE HIGHER
Trouble in the East Causes a
Slight Advance in Grain
Markets.

The likelihood of war between Russia
and Japan caused the Liverpool grain
market to advance slightly yesterday. The
bulge caused higher cable reports, which
affected our market. Wheat closed about
q c over Monday. However, the market
was dull one and trade was light. North
west millers bought considerable No. 2
northern, which strengthened the cash Sit
uation.
The corn market followed the lead set
by wheat. 1t was entirely a dependent
market. Country offerings show no in
crease and the stock of contract corn is
rapidly decreasing. The cash market yes
terday was a little bit slow.
Oats were dull and inactive. The close
was firm a a fractional advance. The re-
ceipts are light and the demand moderate.
The stock market continues nervous and
restless. Steels and other industrials were
again, weak yesterday, but railroads held
firm, closing at slight advance.
What the Brokers Say.
NJ. Doran & Co.'S Chicago Grain letter
says
Wheat-The firmness in the Liverpool
cables came as a surprise. The strength
was based on small stocks, a good demand
for best qualities and nervousness over
the political situation Our opening was
only fractionally sympathized with the
cable and prices soon showed a distinct
tendency to move lower. Around noon the
trend of the market changed and became
L
ing strength was based on the cash situa-
ton and the advance in Minneapolis De-
cember Minneapolis receipts were mod
crate and our adViceS indicate they will
continue so for some time.
Corn-AS in wheat, Liverpool was high
er. Instead of sympa thizing with our sharp
break OF Monday and firmness, there was
based on the same fact The early market
was dull and draggy, with selling for the
long account and the buying principally by
shorts The provision crowd took a hand
10 .a1l limo do lT
Later strength in wheat pulled corn out
of the rut. and then shipping sales of ag-
gregating 100000 bu held the market and
closed it strong.
Oats-There was nothing of interest in
the market and trade was dull uninterest-
ing and without feature. Prices We're easy
early and showed a tendency to lag behind
wheat There was no cash business to help
the option market.
j. c. Geraghty & Co.'S correspondents
say of stocks:
Dick-The market has been feverish and
irregular. Railways have been strong,
while industrialS have been weak United
States Steel common and preferred drop
ped sharply again and after early rallies
the other induStrialS weakened Railroa DIS
lost some of their early improvement but
most of them closed showing small ad-
Iances. Toward the close Canadian Pa
cific and other Canadian stocks developed
marked weakness which gave color to ru-
mors of unfaVorable developments in that
quarter
I-oSai N pIydii-1ne market is St1ll
unsettled and nervous. Selling pressure on
industrials continues to moderate degree.
The rails are fairly steady, and /in' some
instances a little higher. 1t Is still a
market the action of which is difficult to
understand. Fears. founded upon rumors
and ridiculous reports, still unsettle con-
hdence. There is undoubtedly good buy
ing OF stocks going on, and there is with
out doubt an enormous short interest
Walker BroS.-The market was very
unsettled and nervous. There does not
"a inn ion 70 Iar,xy
and on the rallies market looks like a good
sale.