The Saint Paul globe., 1903-05-07
st. Paul Operators Realize
on Slight Advances and in
Northern Securities 'Fris-
co and Rock Island Show
Considerable Activity -
Wheat Remains Dull but
Steady. .

There was but little buying of stocks
by st. Paul operators yesterday, as the
market was purely professional. Some
of the local crowd realized on the slight
advances of Northern Securities, which
showed signs of activity American Light
q traction was also strong and closed al
The local operators took advantage Of
the rise IN Frisco and Rock Island to gel
INTO the market and sales We're fairly
heavy.
Trade in grain continued dull but steady
Cash wheat transactions were few anC
there was but little option trading.
What the Brokers Say.
OConnor & Van Bergens stock letter
is as follows:
Our market affords but little Of fresh
interest, but it has held steady, and there
IS no pressure of stocks. We NAV al
luue 10 one feature which has been the
Stfength OF Frisco & Rock Island shares
oOubtleSS due to the expected renewal of
negotiations for the purchase by> the
Rock Island of the Frisco, system. Wheth-
er this be true or not remains to be seen.
put there mas been excellent buying OF
both stocks. Upon the lines set forth
regarding this combination on a previous
occasion Frisco stock, based upon the
equivalent price of Rock Island securities.
snQuld be worth from S5 to 90 The two
systems are so closely united geographical
Iy that II. IS undoubtedly wise matter to
combine their interests :
As regards Pennsyi yivaniaszs New York
cehtfal ana stocks Of that nature there
IS but little to be said. Pennsylvania
looks reasonably cheap, ex-diyidend
passed upon the conditions of money. We
look forward to q continuation of Dresent
duliness, but to a gradually advancing
market, and on the whole the outlook
should be reasonably favorable, but ii
Is useless to expect anything but mar
J. G. Geraghty & Co.'s correspondents
say Of stocks:
Logan & Bryan say: Rock Island and
FRISCO are higher and show some ac-
tiElty. Report is that the deal will go
through as contemplated. The rest of
the market is dull and unchanged.
walker says; The market today was
steady and inclined to be strong. There
was no news of particular Importance
ROCK Island was heavily bought all day
and scored good advances. In the after
noon noon the market continued steady and
closed without feature.
North says: The market early in aft
eTnoon was somewhat dull but very hard
ana proht-taking failed to cause any Sc
IIoGS recession. Professionals are bulliSn
IIlnoIS Central advanced accompanied by
rumofs Of revised dividend. Great Western
issues showed more strength than for
Bache says: The opening was very tame
and there was but very little interest
SHOWN. However, after the first hour ac-
tlYlty- developed in st. L. & S. F. shares
which advanced sharply on buving for
western interests. While the Western
crowd were not willing to show tneir
AA0l4u CLeI Z WIS SITOnS evidence that they
were IN the market on the buying side.
Howard Lapsley says: Another dull dav
but bulls have held their own. PrOsnecfs
OF gold export this week disappointine
ana bears bears now have nothing 10 sai1
on. There can be but one Way and that i
advance for this market
N. Doran & Cos Chicago grain letter
says: Wheat-Market held fairly steady
with Hght trade until near the close
When prices broke 7zc from lack of sun
Por5I Nneat seemed to be for sale on all
wheat belt were much less plentiful The
weather bulletin claims no material in
jury to wheat from frost. but sugeested
slight deterioration in Mississippi and
ONO valleys. Pacific coast is still in need
OF rain. With the exception of Livernool
the foreign markets were generally lower
and weather continues favorable.
- Gofn-Ihe market was firm earIv on
ught country acceptances and too much
ram IN some sections for farm work. I'm
betIled conditions are predicted for to-
morrow. The Missouri state report claim
ed only ~ per cent of the corn crop was
planted May l, compared with 68 ner cent
at the same time year ago and that
corn IN the southern part of the state
was considerably damaged by frost. The
weakness IN wheat near the close affected
corn sympathetically. The sample mar
ket was strong. about &c advance The
Tor Improvement on account of better
quality of local arrivals. Liverpool mar.
ket unchanged to &c higher. N1
OdtS-Market In general followed the
COuISe OF corn, firm early and weak near
1ne close. There was fair general trade in
July. Ihe sample market strong and II
nisher' Inc Inquiry for shipment fair.