The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-16
STRONG CABLES is
CAUSE FOR ADVANCE
Wheat Is Forced Up a Notch
and Corn FOlIOWs the
Lead.

Strong European cables made the Chi
cago grain market higher yesterday.
Wheat closed at an advance of &c over
Wednesday. There was a heavy milling
demand. creating a strong cash market.
The primary receipts were a trife below
the receipts for the corresponding day of
last year
Corn was a dull and heavy market
However, the close was at a slight adj
vance over the preceding day The
strength in wheat and the unsettled con-
dition of the weather in the corn belt
caused the bulge There was but little
trade in oats. The close was at slight
decline.
Stocks were again irregular, but on the
whole the market showed better tone
A dividend was declared in "copper" and
this helped to strengthen prices Towards
the close there was an Improvement.
What the Brokers Say.
NJ Doran & Co.'S Chicago grain letter
says:
Wheat-The closing weakness in the
market Wednesday made no impression in
Liverpool, where shorts covered advancing
prices The Northwest news seemed to
impress traders with strength of cash
situation, and there was good covering
of short sales and local buying for the
long account. Outside markets are all
higher with Minneapolis and Duluth the
strongest No. l northern at Minneapolis
sold at 50 &c which is nc advance from
Wednesday. Flour sales were reported on
a generous scale. Duluth wires that
eighteen loads of wheat We're sold for di-
rect export: The principal drawback to a
bull market is the professional character
OF the trade. We are bulls, but do not ad-
wise buying on sharp upturnS.
Corn-Corn was higher most of the SEES
sion, but the trade was light and dull.
The firmneSs was in sympathy with cables
and strength in wheat. The demand for
Shipment is good, and cargo lots sold at
December price in store The local sam
pie market Is steady to &c higher.
Oats-Oats had nothing in common with
the other grains, excepting a brief firm
spell during the forenoon. The pit was
Very dull and uninteresting After noon
prices eased off and the close was weak.
The local sample market is unchanged to
&c higher but inquiry for shipment from
j. c. Geraghty & Co.'S correspondents
say of stocks:
Logan & Bryan--The market was again
Irregular bearish efforts We're again an
parent in spots, but on the whole thew
made but little impression on the mar
Ket. There was some weakness in the
coal stocks due to reduction in circular
prices. Amalgamated declared its reel1-
lar dividend and the stock held about
steady. The whole market begins to act
as though the bears had pretty well ex-
hauSted their resources.
Dick-The market has been dull and
cratic. Its greatest strength was shown
at the close after the directors announced
the declaration of the regular dividend on
copper. This induced general short Gov
erlng.. Renewed liquidation showed in
American Smelling and Car Foundry
shares. Some good selling .ras also seen
IN PENNSYLVANIA Baltimore q Ohio and
Norfolk a Western. The Steel stocks
We're firm
O,COnnor & Van Bergen's stock letter
says:
Our letter must be in the character OF
generalization rather than to attempt tc
cal special attention to anything that
the trading may have developed. The
market was exceedingly dull and inclined
TO sag with hating tendency A fair
~ good business has been done in bonds
Tor which there seems 10 be Ienirorary
demand. Whatever activity was to be
seen resulted from the opera tions of the
Traders, and they are strongly committed
10 the bear side. The advance in Cana
qlan racine shares was quite marked.
1t Is evident from the action of the mar
ne that LIQUIDATION is less urgent than of
late while the short interest has been
considerably increased Should any ag-
gressiYe buying take 3Iace with the mar
ket In its present position quotations
could be readily moved UP.