The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-09-26
LITTLE CHANGE is
NOTED IN MARKET
Wheat Is Active but Irregular,
Prices Have BulIish
Tendency.


The wheat market yesterday was very
active but irregular but the close was
about the same as Thursday. The fine
weather in the Northwest and the labor
troubles in Minneapolis acted as a check
on any advance. There was a large ex-
port business yesterday. The primary
movement. however, is small and much
below the figures for the corresponding
day of last year
Corn was strong at the. opening on firm
cables. After an hours trade the i'm
provement in prices was lost. There was
no PUBLISH news received to affect the
price OF corn. The cash demand in fair,
but vessel room cannot be had for the
movement of the grain. Oats were heavy
and fractiOnally lower. There was con-
siderable scattered liquidation.
The tone of the stock market has i'm
proved. Inc lndustrIals were somewhat
easier. but railroads We're firm The
market was active until the close.
What tho Brokers Say.
NJ Doran & Co.'S Chicago grain let
ter SAYS:
r Wheat-Early there was a much easier
1eellng IN our market on account of de-
cline in stocks in Wall street hut on
decline there was good buyinp; nv peoSJa
VINO believed We had break enough and
mat turn upward was in order Should
the labor troubles, at Minneapolis be adj
JuSted satisfactorily soon we believe that
wheat has had break enough and il
should sell higher. - -
Corn-The market was governed to a
- co !. SNteHl ny the nnanc1aI Sltua ton in
the East. 1t kept investors from Going
INTO the market, and it caused peonIe
that mad corn bought to sell it out, fear
ing ing mat trouble might become more
cash has been excellent. There was good
puylng for investment account on the
break ~
Oats-Once again the market stortad
out with good show of business. though
the trade was. not large. Strength con-
tlnued until the price weakened under
nf rssatr 4
ers and pit traders who. had been early
buyers were forced to let go. Selling then
became general A quick rally at the
37Bc 81
O'Connor & Van Bergen's stock letter
says:
1t is gratifying to be able to advise you
OF some Improvement in our market and
to note the absence for the most part of
the decentralization which was so much in
evidence here Thursday Undoubtedly
support was given to. many stocks at the
opening, and beyond this some good buy-
ing was seen, notably in New York Cen
tral. Union Pacific and Baltimore. The
market was inclined to improve, until
midday, when there was a fresh outburst
of selling in Steel preferred. which rem
dered the entire list again weak. When
TINS TINS nag spent itself the market became
dull with improving prices. The short in
terest has been. decreased probably some
what so that in the absence of buvine,
from other sources the market position
is not materially improved The bulk of
news was of a favorable character. mas
much as further declines i'm the prices of
cotton and grain were recorded. a good
bank statement was considered probable
and railroad returns all showed increases.
Wall street is still asking for an expIana-
ton of this new outburst of liquidation
j. c. Geraghty & Co.'S correspondents
say of stocks
Logan & Bryan-The market has a
steadier tone. Some of the industriHls,
are little easier, but almost the entire
list of railway stocks closed a little bet
ter. 1t was an active market. The day
mas developed nothing new. Everybody
but the bears wondering what caused the
weakness. We are inclined to think tina t
when the mystery is cleared up it will
be bound to have been largely due to the
nothing in the money situation to cause
anxiety. We can see nothing to change
our views that good dividend-paying rail-
road stocks are worth the money