The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-10
WHEAT MARKET is
FORCED DOWNWARD
Corn Also Falls Off, but Oats
Display Great Strength and
FirmRess.

Wheat closed lower yesterday after an
irregular session. Early the market
showed considerable strength. but on the
advance there was considerable profit TAX
ing and prices easied off towards the
close.
Corn closed lower and shade easier.
There were no pronounced operations on
either side of the market. Cou airy Of
ferlnSs are Sttll small. while the demand
for cash is good. Oats were the strong
grain yesterday ''he-e was heavy buy
ing and the cash market gnined strength
STOCKS closed frr5sS liar. Early the r ar
-ket was weak but later there WIS q
sllsht advance, due 10 short covering. IT
. IS expected that favorable bank slate
lneht today viii improve tie trade.
What the Brokars Saw.
Wheat-The market was ezra tio ,,,.;oo.
oouinaS number of rapid Changes After
easier, opening on the indfffeTenca diS
d 9alS ca ny cables to our advance of Thurs
oay, the upward course of nrirae III I,ro . = :
resumed and the days ton fif1IreS , was
mace under the leadership of fhe NTipo
-1 Iieapohs December option. On The ad-
nraI a redllzing was general, which is nat
u oI d., as early bulls had good nrofit IT,
E iTt'S was weak at &c to &c loss froIo
IHulSdays close. The strong nosifio, 'I ~
157g Gasn market is being fully maintained
Nv HilT wheat plds are out of line miIIers
are able to export flour a +, nrice li5I.
ing handsome profits P--00' HHoW-
- t 1n was easier from the start
ana trade lacked snap The aycaifa,t =;
export business placed AT N lo eAIeileIlt
ported Thursday had a firming effac+
carry, put prices gave way when a1oe
COS "%S on Nv, wheat prices. The movement of
corn from Chicago continues on a l sca T Ia
winch is fast depicting our sleek ne
local sample market vas stron. Inc Inc
shipping demand slim "U'
Oats-Ihe market displayed fbe hort
strength and was MOI jnfpnan rde pest
pte5ih In the other pits, maintainine i{s
strength to the close The cash si+,I us
gJ don Is me feature of the market. The
SpeIllaIlu Is large and general ReoaintS
mere We're moderate and percenta ee o of
Sud6t[act grade very small VI
Connor & Van Bergen's stock letter
There has been but little cban.o :,
IN! me situation and we have notni5e "a "a
,-dtIQi 'dHse TO call your attention 10 Pad
of Wen mas at aot added TO the cheerfulness
81 wan street and has materiaILy ,,f
IeGIed the volume of business IF ic
% iu bn mat we have known sentiment
70 ne so respondent and pessinistic. &c
a. me present moment and we do not
hesitate to say that even in view oF ~
cent developments and disclosures -ean
eraI conditions do not warrant the nres-
enC attitude of the street Too noDcb 80
portance has been attributed to fIr III ~
cent testimony given in the shinfu iIdino,
sun, ana the actual facts have been prosS9
SSrII 99ostiuea. The general public and
these securities they We're llnma1ifet ~
from the start and are stfIl in The bo,lde
oL promoters and the former oyynarS 'of
tile various properties, not in wall sfreet
otnces. While the price of the tra nct SSe
securities failed to respond to the reoo,.t
OF the local street railway lines. if shauI5
De received with great satisfaction ~
account of the detailed and full informs o. -
tlon as to the cempany's affairs. and aiso
as to the result of the operation of H.
company In view of extraordinarv difi
GuItles which 1T has had to meet due r.
Lhe condition of our streets and the enoro
nous increase in cost of labor and mate
RAJ. The purchase of Metropolitan sherec
at current prices should prove to he az
HlpTactlNe investment. Although any M
MaIo movement at present is far from
pIopaple, 1t must be remembered that tba
low range of prices reached has made II
possible to purchase properties far heIor,
Ihelr actual value and as soon as ns1hIi1,
commence Is restored and liuuidation iS
over many will wonder why aGIva ntaee
was not taken of these low prices
D: =. Geraghty & Co.'S CORRESPONDENTS
DICK: The market was weak this
morning. but later the pressure was Iiehts
shed and stocks scored an irregular rail-,
u tia chiefly to short covering. Expects,
IONS OF a good bank statement had Soma
erect. There was no general importanf
news. The market closed feye1.isb '''-''