The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-11-03
MARKETS ARE DULL
BUT PRICES FIRM
Wheat Holds Well and New
York Stocks Show Consid.
cradle Strength.

Trade in wheat yesterday was light
but prices were steady and firm The
news was rather bullish with the ex-
cepticn of heavy receipts in the North
west The receipts We're greater than
last year. Liverpool was strong and
closed sd higher. The cash situation was
quiet.
Trading in corn was even lighter than
the trading in wheat. There was some
covering by shorts on predictions OF wet
weather throughout the corn belt. The
husking returns from Nebraska are very
bullish. indicating that the yield will be
light and chaffy. The country acceptanceS
were small and below the estimate
Oats were dull and heavy, displaying
considerable weakness several times dur
ing the session. Shorts sold freely and
the market was wholly without support.
The sample market was slow and ship
ment demand was minus quantity.
While the stocks market continued dull
prices ruled slightly higher and the close
was strong and firm. There was a good
demand for bonds and Pennsylvania and
other railroad stocks sold up well. There
was nothing unfavorable in the news line
and the outlook, according to the COM
mission houses, is for an advancing mar
ket.
What the Brokers Say.
NJ. Doran & Co.'S Chicago grain letter
says:
=. Wheat-Wheat was steady although
the trade in pit was limited. Outside
markets We're in much the same condi-
ton. The statistical news rather leaned
TO the bull side with the exception of
the heavy receipts in the Northwest,
which exceeded those of last week and
last year and the total at all primary
points was practically the same as a
year ago. The Liverpool market, although
quiet. closed sd higher.
Corn-There was even less trading in
The corn pit than in wheat. The appear
ance of wet weather, however, through
out The belt caused some uneasiness
among the shorts and the tone was firm.
4 on tn pi4ra
We're light. Where husking is in progress
the yields are below the expectations
This is especially true in Nebraska. The
probability is we will have considerable
light chaffy corn. The demand for ship
ment is slow.
Oats-The market was dull and heavy
and at times weak. There was consid-
cradle selling for short account and the
market was without support. Sample
oats were a slow sale and there was
nothing doing for shipment.
j. G. Geraghty Co.'S correspondents
say of stocks
Logan & Bryan: The market is still
extremely dull. The holiday in London
and the approaching election in New York
evr, strong, and quotations almost uni
formly little better. The action of the
market on Saturdays bank statement
as encouraging. The bond market, IN
Varlably pilot of the stock market, is
strong and advancing. Every action of
the market of late indicates that stocks
are We'll held.
Bache: There was nothing unfavor-
able i'll the way of news over Sunday.
and traders We're disposed to make com
mitments on the long side. The market
during the first hour showed more activity
than at the closing last week, the trac-
lions particularly developing strength on
evidence of inside buying. PENNSYLVANIA
was up on a revival of a report of set
Element with the Gold interests In the
last hour the market hardened and closed
with the advances well maintained
Walker Notwithstanding the
dullness prices ruled very steady, many
issues advancing ! per cent. There was
noticeable strength in the fractions, Penn
sylvania and Sugar. The market ad-
Xanced easily on small transactions and
there appeared to be but little stock for
sale we are inclined to the opinion that
the market will do better after the cleo
tions The advance may be attributed to
the break in sterling exchange and the
gold imports announcement. The close
was dull, but very steady.
Dick BTos.-The market has been very
Sluggish. but in spite of the dullness
prices have advanced and most stocks
have made fractional net gains. Steel
was heavy, and Amalgamated also made
slight loss.