The Saint Paul globe., 1903-06-27
What the Brokers Say.

s. b ShotweH & Co.'S grain letter says:
Nheat-The market opened excited
with shorts the best buyers, Influenced by
strength in st. Louis market The North
west sold both September and Decem-
Der around the opening. and it also looked
as II houses who trade for CIeage of St
Louis, We're liberal sellers. Shortly after
the opening on heavy selling prices
cropped to 1ssc under last nights close
out quickly recovered and advanced rap
Idly on rumors- Of serious damage in Red
river valley. On the last bulge St Louis
appeared to be good seller and the shorts
We're the best buyers; Armour also sold
little on this bulge, but the market
held Hrm. with the crowd buIIish The
and 12c over for September.
Corn-Ihe opening was slightly lower
In sympathy with wheat. When wheat
broke, after the opening, corn readily
sympathized. and also followed when
Wneat turned strong It looked as il
Armour's brokers bought considerable
corn. and the market held firm in conse-
quenee, closing at 5sc under last night for
July and sc under for September.
Oats-ThIs market also opened slightly
lower IN sympathy with wheat and corn
and remained quiet all day. showing no
Independent tone and closing at 1x6DH &c
under Iast night
NJ. Doran & Co.'S Chicago grain letter
says:
Wheat-Rumors of rain, present and
prospective, in the Northwest. started
market looked very sick for a time. This
was true Of outside markets as we'll as
THIS one. The Northwest cOntradieted
these run1orS and prices started skyward
again and made new high records 1t is
? very dry In the Northwest with moder-
ateIy high temperatures, but the damage
70 the crop as yet is very little Wheat
Is being bulled on future damage The
weather in the Southwest is generally
favorable to harvest occupations ST
break.
Corn-Corn fuctuated with wheat. but
the changes were not so extreme Long
corn came on the market freely at the
opening and Is said to have gone into good
hands. Reports Of poor outlook for the
crop continue plentiful.
Oats-The market opened with free sell
ing OF September by commission houses
and shorts in July outbid one another
The market became firm towards the lat
ter part Of session, in sympathy with
Nneat ana on reports Of deterioration
from central Illinois.
J. c. Geraghty & Co.'S correspondents
say Of stocks:
Logan & Bryan-The market Is drII
and unchanged. There is a small nro-
1eSSionaI trade and not much of ANYTHING
else. interest "a tes are tending easier and
- q ID aEOLapIe oallk statement is expected to-
morrow. In any event, there is not much
selling pressure from long stocks. We can
only repeat what we have been saving Of
late that under present conditions We
lhlnk STOCKS are worth the money The
outlook is still dull
WaIker-Fhe market was dull and fea-
tureleSS- Trading is very light and there Is
no commission business. During the morn
ing prices held firm, but in the afternoon
they eaSed off
Dick Bros.-The market. though dull in
Pennsylvania were well Re4Teht IT, IT,
banks have gained over So 600 0ee 11af nsf
and 1t looks like a good statement toronre
Bache-Today leads all its predecaszors
In excessive dUlIness. The openIne DyaS 2
Without interest. The commission business
was at StandstfH and the professionaI
element refused to trade There was sIiei,+
activity at fractional advances in Ameri
can Car FOUNDRY on the excellent show
ing in the report of earnings nIIIIirb ga
yesterday. Pennsylvania was Wen sI1T-
ported and large buying orders were re-
ported IN the stock at a slight frac-
LIenaI t1fs dechne. Movement of currency this
week HldlcateS gain to the banks of
about $4,000. 900. The market gata a1yi
dences OF slow Improvement in the after
noon on the subsistence of the excitement
In the grain and cotton market
says: 7'0ON ielter
Improved weather conditions and the
generally favorable character of f4eyys he
added some slight Improvement to the
tone OF the stock market. but has broI1pTt +
no increase in activity or public fnterest
GENERALLY speaking, the market has heen
as featureleSS and unfuterestfuo as = bo-
peeu our misfortune to have to renort ~
you Tor very long time. About the oriv
feature Of the morning was the orao 5S Li5S
ding for large blocks of PennsvII,a17io 9ri
stock. emanatfng, it was thought, from
me underwriting syndicate. The steel
securities was not Observable fodav 80
one or two of the industrial stocks Tare 1flre
more IN demand There is no TnateriaI
IGnaHge I II. the cotton market 1t is argued
HGIS t t4dt the nigh prices which the S0IIth
VIII obtain for its cotton indicates tba
beginning OF an era of great prosperity
70 IIlat section Of the country, and tlTa
While this may not be reflected in1uadi
ateIy IN properties covering that sectio1
IC Should eventually influence results The
ca4 money market was rather more active
To-Day IN anticipation Of the HOLIDAYS and
me me near approach Of the new 0I1arter
EreIlmlnaIy estimates Of the bank state.
nsshL indicate exports of gold have bean
terror AiOi the IN