The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-11-26
PRICES ADVANCE ON
BULLISH REPORTS
Wheat Again Takes the Lead
i'm the Upward Move
ment.

Reports of rain in Argentine made
wheat strong and prices high at the open
ing of the market yesterday, but When
later cables told of fair weather the mar
ket eaSed off Fluctuations, however,
were within narrow range and the mar
ket was dull. The cash situation at MIN
neapolis is strong, but futures are a tribe
weak
Corn would have been decidedly weak
market if it We're not for the borrowed
strength from the wheat pit, wnlGp
checked the markets declining tendency.
Receipts are increasing and the Weather
remains perfect for the movement OatS
We're under pressure at the opening. The
market showed but little independence,
following the lead of wheat and corn.
On higher cables the stock market
opened higher. The foreigners Were again
good buyers. After the first hour OF
trade the influence of the better European
markets was lost and our prices SOLD OH.
The decline was led by the industrials
Rails were firm and sold up, and the close
was at the best prices Of the day.
What the Brokers Say.
NJ Doran & Co.'S Chicago grain letter
says:
Wheat-The market was firm, with May
relatively the stronger. Gables reporting
rains in Argentine, carried prices to hlgn
point for the day, but when it was learned
that fair weather prevailed prices -eaSeo
off. but range of fluctuations was mar
row Trade was dull and of holiday
character, and prices sustained by maInip-
nl3tlOn.
influential in the news. Minneapolis re-
ported a strong cash market, but futures
are a trifle easier there. Receipts at WIN
nipeg. 1913 cars, against 399 a year ago.
siderable May sold. The market is con-
trolled. and it is useless under the CIR
cumstances to make any guesseS on lu-
ture tendencies.
the declining tendency in corn. The new
corn is adversely affecting futures, as II
is a drag on the sample market, and
prices were lower again. Inc pest srd TI
of the receipts were relatively hrm. Inc
movement is apparently increasing. Inc
December was weakest.
Oats-Oats were under some pressure
from local traders during the morning IN
svmpathy with weakness in corn, but re-
gained loss on fair commission house BUY
ing and on borrowed strength from the
wheat pit The trade was small ana the
tone dull.
Dc O'Connor & Van Bergen's stock letter
says: The London market came strong
and higher, and they We're again buyers
of considerable quantity Of stocks in
our market in the early trading. Our
opening was quiet and steady in response
to the improved market abroad, but after
the first half hour pressure was again
brought to bear against the ndustrlals
that We're so severely punished Tuesday,
and they all suffered further declines.
The general market sold off fractionally
in sympathy with the industrials, but
although the pears Ir1eC nara TO lHuuCo
liquidation they We're unsuccessful to any
extent. There seemed to be some support
extended to the industrial issues on the
decline, and prices in these shares rallied
from 2 to 8 per cent from the low figures.
The railroad issues held firm throughout
the session, and in the afternoon they
We're very strong. selling up about Il @k
per cent above Tuesday nights figures.
The closing was strong, with a good I'M
dertone, at about best prices of the day.
J. G. Geraghty & Co.'S correspondents
say of stocks:
Logan 6, .Bryan-The market is irregu-
lar. There is still pressure in some of the
industrials, while others which have been
freely sold of late are having support and
are sharply higher. The fractions and
rails are generally strong, and sugar
maintains an advancing tendency. 1t
is a puzzling situation. When one looks
at the attractive prices of many of the
properties, their large earnings, the fact
that financial conditions are not bad and
that with the large quantity of cotton bills
maturing in the next forty-fiVe days, gold
is likely to be imported freely, the view is
not bearish. On the other hand, when
industrials are knocked off from S. to SIS
per share in a couple of days, confidence
cannot be very assured. So far the lat
ter feature has made very little selling
pressure on the standard stocks. If the
trouble with the induStrials should have
run it's course, the market as whole
might easily begin to anticipate the bet
ter money conditions that are likely after