The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-09-18
CORN AND WHEAT
ARE AGAIN LOWER
Buiiish News From the North
western States Fails to
Maintain Prices.

In spite of bullish reports, the wheat
market closed lower yesterday. The final
quotations were about &c under WedneS-
days close. The reports from the North
western states are still bullish, and the
likelihood of war in Europe was also a
potent factor. The cash markets showed
less activity yesterday than for some
days.
The failure of the predicted frost to
materialize made the corn market lower
yesterday. Frost was again forecasted
Tor the belt. but notwithstanding this the
bear element succeeded in forcing prices
lower Some brokers say it will be hard
TO maintain the present prices for any
Iengtn OF time, as warmer weather is due
to follow the cold snap.
oats were strong at the close yesterday
the last quotations being about &c over
Wednesday. There was some selling at
the opening, but after the first hour of
trade the market strengthen ed
There is little new in the stock market.
trade keeps dull with bearish tendency.
AtchlSon was strong yesterday, but actual
transactions in this or any other security
were light.
What the Brokers Say.
says:
Wheat-Speculation is light. Several
large traders who We're long disposed of
IneH holdings, causing a weak market
Ihere was report circulated to the eff
Iect that the Bulgarian troops had crossed
the frontier, which strengthened our mar
ket, and the close was rather firm
CornETraders came down today expect
ing TO lind the weather map covered with
red chalk, denoting heavy froStS through
out the corn belt They were disappoint-
ed, as there were frosts only in a few
places, and on this they sold out long
corn. little later the weather predic-
lions We're for frost tonight throughout
the corn belt, including Illinois and Indi-
ana, this with the war scare causing a
strengthening feeling, and the market
closed firm at about 1sc lower than We'd
neSday.
Oats-This has been a strong market
nearly all day. The only weakness was at
the opening with wheat and corn. The
best prices were 1sc to &c over Wednes-
uay, closing at about same prices for May
and sc higher for December. Selling
was by flour longs.
OConnor & Van Bergen's stock letter
says:
Notwithstanding the continued circula-
ton of reports of distress and damage in
the corn region, helped by Western SELL
Ing and some realizing sales for foreign
account, the market has held well, and
some stocks have shown disctinct firm
ness. Atchison has exhibited the greatest
strength and from careful analysis of
the annual report one cannot but feel re-
assured as 10 the permanency and justi-
1catlon of the payment of dividend on
common shares. Conditions have not
changed, and the small volume of business
transacted is simply for the floor. There
has been some short selling, and this
mainly has been the cause of the rally.
The action of the United States Steel
securities this week has not been reas-
surfing and distinctly reflects lack of con-
hdence in the reports of this company as
published. This continued inactivity and
aullness is from every point of view to
De desired and will give time necessary to
adjust matters upon a sound basis
j. G. Geraghty & Co.'S correspondent
say of stocks:
Logan & Bryan-The market was dull
and about unchanged, so far as the lead
ing properties and the tone of the market
Is considered. There is still no pressure
from long stocks and nothing that we can
see to make any. The prevailing senti-
ment in Wall street is bearish, as much so
as it was bullish year ago. Evidently
those who own the stocks do not share
in this view. There is. large short in
terest. There is nothing in conditions to
stocks will buy a nice Christmas present.