The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-23
ALL GRAINS GAIN
GROUND But WHEAT
TAKES Big JUMP
Wet Weather i'm the Southwest
and Dry Weather i'm Northern
States Cause Market to Adj
vance Sharply.

Wheat doomed up exceptionally strong
yesterday on dry weather reports from
the Northwest and wet weather bulletins
from Southwestern points. The upward
movement continued for the first two
hours of trading, after which consider
able grain was offered for sale. However,
the market held well under the pressure
and declined only a few notches. The
close was strong, with July / 1-16c over
Saturdays close and September 13sc up.
me upward movement of wheat aided
corn which was strong and steady.
There was considerable for sale on the
hard spots, but the close was 1ac above
saturdays for July and 5sc above for
Oats also was firm and steady. July
went to 40Bc and September sold at sac
The fa1 clos close was &c over Saturdays price
for July and 4c over for September
The stock market yesterday was again
featureleSS. From the opening a dullness
prevailed and there was a slight decline
IN prices, but few sales. 1t looks as if the
summer dullness is about to set in How
ever. the advice of the brokers is to buy
standard stocks at the present prices for
investment purposes. The pressure yes
terday brought Pennsylvania down to 125.
What the Brokers Say.
says: -0''0i
The opening was higher on the wet
weather Local professionals, who are
mostly bullish, were best buyers early.
WIN but little pressure anywhere. Later
Dull arguments appeared to be dry wealth
eg IN IN the men Northwest but most of this talk
there was little reaction from high
prices The closing for July was / Lice
above Saturday. and September lac up
Corn-The opening was strong in SYM
pathy with wheat. but on all hard SPOTS
there seemed to be considerable Septem-
per for sale, and the market took it only
larry Wen. The close was strong, with
July up 1sc from Saturday. and September
up sc.
Oats-The market was firm all day and
99dGVanced I, steadily to 40Bc. for July. and
over Saturday for July and Ac over for
September.
NJ. Doran & Co.'S Chicago grain letter
says:
Wheat-The big professionals, who
made money on recent advance bet their
profits today on the long side. They We're
west and dry in the Northwest and re-
ports of poor harvest returns from South
west Missouri and the Ohio valley. Indi-
lions throughout the greater portion of
the belt tomorrow. The Liverpool market
opened 7ac higher, but lost the advance,
lower
Corn-Low temperatures throughout the
corn belt started the market strong and
ADVANCE was maintained by strength in
wheat market during balance of the SEES
sion. Local professionals were the buy
ers., and there was considerable realizing
by longs.
Oats-The market was firm for deferred
futures, largely in sympathy with the ad-
vance In wheat Brokers held good SELL
ing orders slightly, above the market.
strong and higher. The demand for local
receipts and for shipment was good.
.. =. Geraghty & Co.'S correspondents
say of stocks:
Logan & Bryan-The market is a little
easier As heretofore of late the pressure
Is mostly short selling by the professional
traders. The volume of the business is
small We see no reason to change our
recent views In regard to the market.
Until something new comes into the Sit
uatlon, we look for a quiet market, and
We do not believe the efforts of the bears
VIII succeed in bringing about any great
amount of liquidation at current prices,
and advise buying stocks on the weak
spots for moderate profits.
DICK Bros.-Market has been very dull
ana generally heavy. Professional traders
MOrheu on Ine pear side and brought about
many m declines. Engagements of nearly
S3,0O0OOO gold for export to Europe TO-
morrow was disturbing factor Pressure
Vas was pu upon Pennsylvania and that
stock was knocked down below 125
H0oley-There is but little to say Of the
market today. 1t is entirely in profess
sionai hands; who in the narrow limits
can do about as they see fit While we
feel that bottom has been reached II 10
difficult to forecast. - -
d, Mo gnd Lap haPsley & Co;-The market was
was again aggressive on the bear side IF
the market and in present dull condition
have been able to denresc 11rico III
comparative ease. "i'1A
HarrIman-Tne market today was ab-
soiuteIy without feature. and in all prob
abllltles the dullest of the year. Commits
SION mousse business it at a minimum and
the rise and fall of a market such "a.
we nave witnessed today bears no effect
on situation which has become sound
through the tremendous lin1idation Of
the past nine months and which now 70
all appearances is on the equilibrium.
OConnor & Van Bergen's stock letter
says: Ao''0i
We have had an easy dav with M nor
tlcular feature worthy of comment. bi1t a
Iepetltlon OF various rumors and a COM
tlnuation of the same state of affairs that
mas peen current for the last three or
TOUR weeks. AS we approach Julv wa
are disposed to think that there will he a
SuIllclent accumulation of banking funds
mere TO perhaps make time money some
what easier, and we look to see a moder
ate concession from existing rates n is
NOT nKely, however. that there will be any
should lessen at the present time. If will
DOUBTLESS stiffen again towards August or
carry september. We are hopeful that dur
ing July, or at least during the first nor
ton of it. there may be an improvements
IN TINS market. and we base our feel
lhgs upon the fact that stocks now nav
very handsome return to the blverS
and that there will be many neonIe VIZ
are at that time in the habit of making
Investments of their surplus funds 4
rally OF anywhere from two to five or six
points on current securities is entireiv
possible, and we rather expect If. IF Il
should. come it will be healthy, but we
recognize that great many people are
waiting to take advantage Of it. In as
Stunning a somewhat bullish attitude mon
this market during the last week or two
we nave been influenced by the low prices
at at which 1T3 really good securities were sell
ing; mere is no particular feature to
Wnlcn we need call attention, nor do We
recognize any stock which is in a mar
tlcularly precarious position The great
trouble with the market is that what has
peen patent to thoughtful minds for a long
tWhlle the fundamental fault in our ma
tlonal bank system, by which the cur
Fency question is q hopeless one ruithn1nt