The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-30
What the Brokers Say

What the Brokers Say
NJ Deran & Co S grain letter says:
Wheat-Bulls had matters pretty
much their own way again today after
the brief reign OF the opposition. It
took but little to reaWaken a friendly
sentiment ana this came in the way
Of a strong Minneapolis market re-
5tecting unfaVOrab1e spring wheat re-
ports and was followed by a success
sion of items, each OF which added
materially TO the buying force Cables
We're not significant at the outset. but
later cOnsOls slumped 5-16, renewing
the fear OF political complications. The
SlOweTy weather f0recasted was a fac
tor and our WinOna correspondent re-
ports heavy rains along the line of the
chicago & North Western railway to
the South and West, where threshing
Us Just beginning Kansas City wires
that advices of shipments falling off
and the prediction is made that less
nigh grade grain viii be included in
the future arrivals. Along this line the
Modern Miller denies that the damage
10 winter wheat was more to quality
than 10 quantity, and that arrivals at
The mills and at markets share the
effect OF weather in so far as grade
and weight per measured sbusheI are
concerned. SalIna county Missouri.
reports the crop there very light and
half low grade. The cash markets here
and In the Southwest We're steady. The
failure OF a lot of wheat intended for
July delivery to inspect contract gave
early impetus to current options. As
soon as these are out OF the way the
actual cOnsumptive value of this new
wheat can be determined. There were
rumors OF unfavorable spring wheat,
the report coming from H Y. Jones
We suggest keeping TO the bull side on
the decline and would prefer operat-
ing IN December and May. Liverpool
closed unchanged to sd higher. Esti-
mated cars. ice.
Corn was slow to sympathize with
wheat in the absence OF any decidedly
bullish developments in its own situa-
ton. Not until neighboring strength
was seen to be permanent did values
9egIn to move up. The trade was only
moderate. even at best and mostly
local weather conditions are perfect.
cash demand moderate. Sample mar
ket strong and 3se higher. Estimated
receipts. lS5 cars.
oats-Fhe feature was the strength
In the July, which advanced &c a busheI
on moderate covering in a market hare
on offerings Trade dragged. but values
gradually stimened as wheat worked
hisher crop reports from the North
west are particularly good. Our cash
market was steady, while Peoria re-
ports the market weak and materially
lower. Estimated receipts, 107 cars.
ErOVlSlOnS-There was more of a
market than at any time since the in
repuon of strike The strong proba bill
llE OF an early defeat of the men en-
Outraged speculation and all products
ruled strong. Shorts covered and pack
ers were fair buyers. Estimated hogs
tomorrow, 5000.
j. @. Geraghty & Co.'S corresponds
enJs say of stocks
Logan & BRYAN - Market is n
little easier. There was a pause in the
buying after yesterdays sharp ad-
vance, and . dull market followed
There IS an active bear contingent that
assalls the market whenever dulluess is
noticeable As long as there is danger
of possible war scares buying is likely
10 be conservative, but We see very
little IN current conditions to bring
about lower prices and think the end
VIII ultimately be higher.
Paine, Weber & Co - The trad
ers who bought stocks yesterday
were sellers this morning and after the
nrst hour the market was dull and fea-
Iureless, but the only depression was
the strength of the wheat marker.
men showed a gain OF more than a
cent CopperS Were dull. If the mar
ket IS lower in the morning We think
good stocks should be bought for a.
turn but we do not think they should
ne held beyond good rally. This is a
traders market Northern Securities
closed at s92t 8I0I; opened 1924: high.
19z4s; low and last sale 10I: sales 500
American Tin Can common. Az @45s
preferred, 40R @41%: Swift SIS. 1910
102
O'Connor & Van Bergen's stock let
Ter follows:
NEW YORK. July 29.-There is very
little that is worthy OF mention as to
The days trading, which has been with
out significance, fluctuations have been
IN exceedingly narrow limits and little
interest shown. Strength in wfeat has
mad much to do with checking the ad-
vance in stocks. The more reassuring
news from Chicago as to the strike
situation has been one of the pleasant
developments and did much to restrain
any oyerbeaFishness. Stocks have nor
been freely offered by any means: TO
tne contrary, reports Indicate that
mere were few orders in evidence
bearlSH sentiment seems quite general
at the moment, and for no particular
reason other perhaps than the failure
20 get the public into the market
Chicago Produce
CHICAGO. July 29-Bufter steady.
cfeameries- 13G17c; dairies. i26I5c. F:ges
10 &C Cheese steady: daisies Se1s1Zfs.-
EWiIlS-