The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-28
BEARISH REPORTS
MAKE WEAK MARKET
Wheat Sells Lower on Heavy
Receipts in the Northwest
ern States.

Heavy selling of the DecernI}e, caused
the wheat market to weaken yesterday.
far East and the excellent weather
coupled with heavy receipts in the North.
west made the trade bearish On the
break there was good buying by the
commission andrliS houses. The close. for the
december was 803sc, a loss of &c.
corn ruled weak on favorable weather
ana the decline in wheat. Trading was
1ght and OF a scalping nature. On the
oecIlne the market displayed some
strength. Oats were dull and weak in
sympathy with wheat and corn.
Al the opening of the stock market
yesterday prices were firm and higher
me, Inc ADVANCE S, was general and all stocks
were showed up a notch or two There
was some good outside buying. After
noon rumor regarding the insolvency
OF ST. Louis trust company caused
lost. anu inc sam ior the Gay was
What the Brokers Say:
N M: Doran d Co.'S Chicago grain letter
Wheat-The market was lower ond Of
times weak. The news was NOT narticu-
larry bearlSh and there were a number of
features very encouraging to bulls The
oonesuc demands were remarkably well
maintained and sales to Eastern millers
We're on a liberal scale AT the same
Ime, the export demand which has been
ule- weak point in the situation, has be-
come much stronger this week Duluth
AANs. SAASCACd safes anu the SeaDOard
talking bulliSh and reporting. as high. as so
loads taken. Russian shipments while
large, are of very unsatisfactory quality
ana are giving buyers endless trouble 1t
looks very much as though Europe would
soon become free buyer here of better
qualities of wheat. Outside markets are
all lower The principal feature in the
market against higher prices is the lack
OF trade in the pit. The situation GER
tainly warrants better values.
Corn-Corn was depressed by the weak
ness in wheat the throwing over of long
corn and the attitude of the -bearish pro-
vision party. The latter, while not heavy
sellers, made much ado about sales eff
fected to create a bearish sentiment.
country offerings were more liberal and
demand for shipment was practically at
a standStill. Weather for movement is
perfect. The reports from Central Hi
nolS continue disappointing in regard to
huSking returns.
Oats-The pit was dull in the extreme
and prices were easy, affected by the
course of wheat and corn. There was
some selling early by the same party
which is operating on the short side of
corn. Cash business is at standstill
O'Connor & Van Bergens stock letter
says:
London came firm and higher this morn
ing and our opening was strong and high
er, with considerable activity in all de-
partments. There was some good buying
IN the early session, on which a general
advance OF from 1 to IL per cent took
pave. LIE ITdCllOilS were -SI1OlG, and 1t
looked as if outsiders were buying them.
Traders began to take profits in the after
noon session. and just about the same
time rumors regarding trouble in st. Louis
We're revived, and reaction set in. The
closing was steady and prices generally
show little change from last night.
j. z. Geraghty & Co.'S correspondents
say of stocks:
Logan & Bryan: During the early part
of the day the market was strong and
showed steadily advancing tendency
throughout the entire list. This reflected
increasing outside interest the cessation
of liquidation and generally better feel
ing. AT the close the Improvement was
lost and the feeling is again unsettled and
uncertain. This change is due to reported
run on two trust companies in st. Louis.
The run does not seem to be important in
It's character so far, but the reports were
Suthclent to cause bear operations and
some selling of long stocks Of course.
such things as this are hard to measure
and impossible to foresee. So long as
they come they will disturb the market.
put there must be an end. to them some
place, and We feel that whatever stocks
may sell off in consequence they will re-
gain We would buy them on the soft
Dick Bros: This market was very
strong TINS morning, advancing on further
aggressive buying. Stocks We're distrib-
uted on the advance, however. and in the
afternoon the whole list sold off Sharply.
the decline being helped along by rather
oennlte rumorS of trust company troubles
In ST Louis. The closing was weak in
tone with most stocks at lowest prices
ana with most of the early gains Wiped
out Inc declines Were greatest in those
stocks IN which bull manipulation has re-
Gently been most aggressive.
VARIOUS LIVE STOCK. MARKETS.
o-Cattle-Receipts 9.00O in
Guiding $500 Westerns: slow; good 70
PRIME ed steers 81 e SSSSVg 90 nominal poor
ers, $2.25q4.1O; cows, $I35@4. 25; heif-
ers. $2Q4.75; Gamers. $1.35GD3.5O, bulls.
$2@4.60; calves, $2@6.75: Texas fed steers.
$2.15@3.5O; Western steers, $3@4.75. Hogs
Receipts today, $4,000; tomorrow. 2S
600; 1Oc to 25e lower; mixed and butch
ers. S5.S5Q5. 70; good to choice heavy.
1913 @5.6o; rough heavy, $5@5.So; light.
500 $3.50; bulk of sales. S5.S0@5.60.
Sheep-Receipts, $4,000; sheep steady:
lambs steady to 10c lower; good to choice
wethers. S3@3.75; fair. to choice mixed.
5000; Western sheep, $2.2503. SIS; native
lambs, $3.25Q5-75; Western lambs, $3.50
as. fV'o'
Kansas City-Cattle- Receipts. $1,000
including 5, 600 Texans; weak to 15c low
er; beef steers, $4.25@5.50; Texans. S.75
Q315; cows and heifers. $1.5O@4.50
stockers and feeders, $275@4.5O. Hogs
receipts. 1000; 5@10c lower; heavy, $40
@5.S5; packers. $5.35@540; workers., S5.45
Q5.521k; pigs. $5.40@5.521k. Sheep-Re-
ceipts, 5000; steady. to strong; sheeep.
$2100395; lambs, $290@5 25.
Sioux City, Iowa-Cattle- Receipts. 900.
stockers strong; killers steady: beeves.
S495.25; cows, bulls and mixed, 81 200
sou; stockers and feeders, $2.50@6.7O;
calves. yearlings. S2.25@3.50. Hogs-Re-
celpts, 5000 market DC lower, selling $5.O5
Q5.25; bulk. $40