The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-09-10
WHEAT MARKET IS
FORCED UPWARD
Strong Cables and Unfavorabie
Weather Conditions Cause
the Advance.

Firm cables and showers in the North
western states aided the wheat market
yesterday and the close was 1ac higher
However, the market was dull one, and
there was very little trading Cash wheat
was again strong. The weather condition
in the spring wheat belt is decidedly I'M
favorable to the grain in shocks. and
threshing had been greatly delayed.
Corn also closed higher. The market
Is stun unsettled and nervous. The prom
fsed frost for Tuesday did not material
ne but cooler weather is again predicted.
Today's government report is not expected
to be favorable one. The oats market was
frm and higher. Strength in corn and
wheat and good demand for all offer
lngs were the controlling factors.
While New York stocks were steady and
a shade higher yesterday. there was very
HtIle trade and the market was listless
the highest for many weeks.
. What the Brokers Say.
M, Doran & Co.'S grain letter says:
Nheat opened firm, governed by steadi-
ness in Liverpool and the strength at
tarlS st. Louis houses started selling and
me local pit crowd tailed on. making an
easy market during the forenoon. There
Were showers in the spring wheat helt
ana the precipitation was heavy in the
southwest. making unfavorable conditions
n o
the quality of the grain
CoLn-Ihe frost predicted for last night
tailed to materialize and early Tendency
OF the market was downward, with local
crowd inclined to take selling side The
weather map showed general rains in
southwest, which are not desirable. and
the forecast is again for frost in Kansas
ana ,.d.1, MepTaska: The market was dull and
remained lndlnerent to weather conditions
during the forenoon, but after MIDDAY
SHORTS started covering and prices be-
came firm, closing strong
oats early We're lower on weakness in
wheat and corn. There was some bllyine
on break by good local traders. The mar
ket recovered all early loss and closed
sc to &c higher than Tuesday. There
has been very good cash demand.
OConnor q Van Bergen's stock letter
says:
Intense dullness has prevailed and bust
ness mas continued on very narrow scale,
and prices generally show but fractional
fiuctuatton The number of shares dealt
IN are, we believe, the smallest of the
year. There has been some talk of for
eign complication, which was reflected in
the lower range of prices on the London
market. and some selling of our securi-
Ties Tor foreign account but commission
houses nave done no business and we
know of nothing which causes us to be-
leVe that there viii be any great i'm
proTement for some time to come The
puDIc Is not likely to re-enter the market
until money conditions become more clear
and until the corn crop is actually made.
j. c. Geraghty & Co.'S correspondents
say of stocks:
Logan & Bryan-The market is steady
and about unchanged. There is nothing
new in conditions. The bears are still
trying to raid and are able to sell stocks
on IN spots, but when they are through
the selling is done. There is nothing in the
banking and financial situation to give any
uneasiness. All the standard properties
are selling on a good fair investment
basis.
Walker-The market today was very
dull. but steady, and in some cases in
clined to be strong. In the afternoon there
was some short covering and prices ad-
vanced all around. The closing tone was
very good