The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-09-05
FROSTS THREATEN
UNRIPENED CORN
Backward Crop May Now Be
Ruined by the Cool
Weather..

Lack of interest caused another decld-
eddy dull day in the wheat market. At
the opening prices We're a shade higher
than on Thursday. but before an hour of
the session had passed there was a de-
cline From this decline prices failed to
rally The demand for cash wheat con-
tinues good.
Corn closed firm and higher The crop
IS now threatened by frosts while it is
still in need of July warmth to ripen it.
Shorts were forced to cover on the cool
weather reports, and this class of buying
sent the market upward. The oats mar
ket IS steady. The cash situation still
remains firm
While there was but little trade in New
York stocks yesterday, the general tone
OF the market was much improved. Led
by Atkinson and Pennsylvania, the whole
list moved up a point or two. Trade con-
tlnues light and sales are few.
What the Brokers Say.
Nj. Doran Co.'S Chicago grain letter
WheatmmThe wheat market was slim
AFFAIR. The trade was light and tone
easy, excepting at the opening, when
brief period There was a general dis
position to even up over the holidays
The Liverpool market was dull from lack
OF speculative interest, and Paris closed
1dl$4c lower. In the Northwest it was
clear and COOL with frost in North Da-
kota and some local showers. Receipts
OF spring wheat continue light, as are
also country offerings.
Corn opened with an advance. shorts
running to cover on frosts in North Da-
kota- The deferred futures held firm
throughout The session, although the
orally clear skies and seasonable tenn
peratureS. The crop. however, needs Au-
gust weather. not September to properly
mature it. The forecast indicates that
GOODNESS in the Northwest will move
south into the Ohio and Mississippi val
leyS.
o'Connor & Van Bergen's stock letter
says:
There has practically been no real bust
ness today, but the tone of the market
mas been firm and at times with a dis
tlnct upward tendency. AtchiSOn has been
the only feature and the covering of the
professional short interest has been re-
sponSlble to great extent for the higher
quotations recorded. The government re-
port of the cotton crop is far better tnan
anticipated and it is likely that the har-
vest Will be one of the largest ever known.
News of the corn and wheat crop condi-
lions has not been as positive or as en-
couraging as We should like and much
depends upon warm weather. for the bal
ance of the present month. The larger in
terests in the street will continue to dis
courage any greater activity. and in fact
the situation does not warrant and would
not support any sharp upward move
ment.
j. c. Geragnty & Co.'S correspondents
say of stocks:
Logan & Bryan-The market was
strong and higher. There was renewed
buying of Atchison. The Missouri Pacific's
statement was most unfavorable. There is;
the same absence of offerings of long
stock which has characterized the mar
ket- for some time past 1t is a good
healthy market with a strong undertone.
Walker BroS.-Another dull but very
steady market prevailed There was no
special feature. Most of the commission
business was in the nature of evening up.
The general list was steady, with special
strength in Pennsylvania, which appear
ed TO be well bought. The market closed
firm at the best prices of the day.