The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-11-02
GRAIN MARKETS
SHOW IMPROVEMENT
Wheat Shows Great Activity
and Life-StoCks Are
Dull.

The wheat market showed more life
and activity Saturday than for several
days. The opening was rather quiet, but
as the session advanced prices strength
ened. 1t. is said that the market was
largely in Armours hands, and that
houses sold considerable May. The close
was firm and steady.
Corn was weak at the opening on lower
cables and the weakness in the cash sit
the market narrow. When wheat rallied,
corn followed The cash demand was
small. Oats were governed entirely by
the action of corn and wheat, and rallied
when the other grains showed strength.
The stock market was again listless and
dull Saturday. Trade was extremely light,
and the market was in the hands of the
professional traders The bank state
ment. was poor, but it had been discounted
and had no effect on prices
81, .... What the Brokers Say.
M. Doran & Co.'S Chicago grain letter
says:
Wheat-The market awoke from its
lethargy at times and became sem
blance of its old self. The December OPP
ton was in good demand and the buying
was generally ascribed to the same con-
Germ which sold May literally Friday.
Wire service was poor and news was
rather scarce. The domestic demand con-
tinueS regular. and q fair business Is
transacted each day. ST. Louis and Kan
year. Buy wheat on weak spots.rs Let
part of it go on the bulges, but keep
long little all the time.
Corn-The trade T.as very light, but the
Local scalpers bought rather freely early
supposed to be covering short lines. The
market had the help Of strength in wheat
and unsettled weather In the southwest
exerted a steadying tendency. Country
offerings were light and inquiry for ship
ment better with bids 1sc higher. Liver
pool was weak, rejecting demoralized
cash market, due to large arrivals
Oats-Oats were firm without much
change in prices during the best part of
the session. but there was no life In the
! pit The market was hard to hold up. The
steadiness was purely a reflection of firm
er tone in neighboring pits. Cash business
continues quiet.
O'Connor & Van Bergens stock letter
says:
The opening was quiet, with practically
no change from last nights prices. Bust
ness was at a standstili. the volume OF
trades in the first hour being only about
10000 shares. The bank statement was
unfavorable, but as 1t was about as ex-
pected it had evidently been discounted
for the market, instead of selling off, ad-
vanced about u to u per cent and
closed firm.
J. G. Geraghty & Co.'s correspondents
say Of stocks:
almost record breaker in the way of
dullness. The close was little better
than Friday. The bank statement was un-
favorable. The closing of the market was
have which remains hard and fast is that
stocks are worth the money, that the
earnings of all the leading properties are
nothing threatening in the financial sit
uation and that afer year of liquidation
stocks should be comfortably settled in the
hands of those who are able and willing
to hold the same.
Bache-The opening was featureless.
What trading there was continued in the
narrow groove of Friday. Dealings were
dullness and a poor bank statement the
market acted very well. It certainly wants
to go up and will do so when the right
time for it comes The market hardened
slightly before the close on the covering
of short commitments, but with no in
crease in activity.