The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-21
BUYING
HOLDS THE MARKET
Wheat Is Nervous and Irregu-
lar, but Cash Situation Re-
mains Firm.

Wheat was again nervous and irregular
yesterday. There were quick changes and
fluctuations. The elevators interests
We're heavy buyers of the December, and
this was the principal bull feature. The
cash situation continues strong The de-
mand for milling purposes is large, while
the receipts continue to run small.
The tone of the corn market showed
an Improvement yesterday. The excellent
cash trade was the potent bull feature
Inc demand for the cash article continues
good. while receipts are only moderate.
There is a feeling among professional
traders that there will be no further de-
cline, as the market has fallen more than
lOc during the past month. Oats was an
inactive and dull market yesterday. The
fluctuations in wheat were mildly reflect
ed: but had only small influence on
prices.
The loss of Monday was regained In
dustrials. led by Sugar, We're strong.
On the advance there was some profit
taking, which caused slight break.
However, prices became firm again be-
fore the close.
What the Brokers Say.
NJ Doran. & Co.'s Chicago grain letter
IN the wheat pit and prices made quick
changes both ways. The December was
bought by elevator interests and this and
the rather strong Northwestern cash news
western futures, particularly at Mime
Apolls, lacked snap and showed signs of
weakness, which caused some -apprehen-
sion here. Country purchases of spring
wheat are said TO be very light the cash
market at Minneapolis being strong Ele-
Vator No. northern is selling freely at
6312c The December option acts con-
geSted at times and its rapid fluctuations
restrict outside trade. The weather con-
ditions are perfect for movement
Corn-There was better tone to the
market during the morning, based on eX-
celent cash business worked late Mon
day. which aggregated 20 loads for eX-
port and 100000 bu worked for shipment
from here. Shipping houses described the
ferings are moderate. There is a feeling
among traders that the present prices are
about right, and it is not wise to become
too beariSh after the break during the
past month. We favor the bull side.
Oats-The market was dull again, with
fluctuations following in mild way the
changes In wheat. Country purchases are
smaller. as are also the conSignmentS.
There was very little doing in the way
of shipping sales.
j. G. Geraghty & Co.'S correspondents
say of stocks: .
Logan & Bryan-The market has been
Z better all around. Most of the decline of
Monday has been regained.. The action
of the market indicates that on the whole
stocks are in pretty strong hands. The
short interest is still large Reports of
earnings on pretty much all the proper
ties are most encouraging. Some vestige
of recent nervousness is likely to remain
for some time, but under favorable condi-
lions will soon wear away. We still think
stocks should be bought on the soft Spots
b.. Walker Bros.-The market had a much
better tone and at one time showed a
great deal of strength. There was quite
heavy short covering, and this caused
traders to bid up stocks. All the active
list advanced and the industrials became
more active and strong. Sugar which
has been very inactive lately, made an
upward move and this caused traders to
take the buying side. There was some
ofittaking and prices shaded off from
the best. but the close was steady and
with much better feeling. We rather look
for continuation of this ADVANCE