The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-22
SHORT FRENCH CROP
SUSTAINS MARKET
Wheat Values Heavy Until Re.
port Comes That Preach
Yield Is Light


Wheat zigzagged yesterday from
sluggish and heavy opening to distinct
gain and then back again after the
French crop was reported to be g., 100000
Brokers report that LIQUIDATION in the
stock market IS over and prices yesterday
trended higher.
What the Brokers Say
NJ. Doran & Co.'S Chicago grain letter:
co WheatWheat followed zigzag
Apathy on the. part of Liverpool to our
gains of yesterday, led to general realizing
and a lower level until publication of
of a 100000, 600 bushe1 crop, which is 61,-.
100000 less than official yield year ago.
This turned professionals builish and
brought about complete recovery. The
midday strength was helped by strong
cash advices from Kansas City and re-
ports of Improvement in flour and wheat
demand at st. Louis. Later foreign ca
bles We're all higher, presumably rejecting
the French estimate. Southwestern re-
ceipts show decreasing tendency, while
the arrivals in the Northwest Keep liberal.
The spring wheat movement and manner
in which it will be absorbed by consumers
will be the influential factors from now
on. and it is entirely probable the low
during the height of this movement.
Should receipts disappear, as did those in
be anticipated. Late realizing by early;
buyers caused the days loss. Liverpool
closed 1a6e3sd higher, after opening SD
lower; Paris III @1Ac higher, and Berlin
and London both showed good gains. Lo-'
cal receipts, 80 ears, none of which were
contract. Estimated cars tomorrow, 164.
sition on probability of frost last night
fastened to unload at opening after a
glance at official map, which showed only
a touch of frost in the belt. Indifferent
cables were further pear argument.
Early fair buying developed on break, and
this, with the prevailing low tempera-
lures and some Indications of frost to-
night, steadied the market. checking any
tendency to a disastrous break Every
day of escape now places a larger per-
days the possibility Of serious loss from
frost will be small Liverpool closed I'd
off to 1sd higher. Estimated cars for to-
morrow 1856.
Oats were sluggish, with a light trade
There was some activity and a rather
general demand for May on early decline,
with buying mostly by commission houses.
Estimated cars for tomorrow, 1856.
Provisions-The activity in provisions
increases and general interest in market
widens.. The October product was strong
er relatively than January, in which there
was considerable profit taking. The Oc-
tooer demand reflects active cash trade
is understood to be to fill cash sales. Es-
timated hogs for tomorrow. $1,000.
]. c. Geraghty & Co.'S stock advices:
Paine. Weber & Co.-Teday's market
was strong in comparison to yesterday s
weakness. All the coppers were higher,
although the demand was small Royal,
Range and Utah moved UP and closed at
the best prices of the, day. Sentiment
toward the United States Mining deal
changed a little and the stock closed
over 20. The buying of Victoria by one
house has ceased and it Is offered at a.
Logan Bryan-Liquidation seems over
and the market again has an upward ten
dency. The whole market is strong. Con-
hdence Is again adjusting itself to the
crop situation and the money situation.
Traders and Wall street adyfces are
on both sides of the market, but the pre-
Yailing sentiment is, we think, buIlisf.
The market again looks to us as if it
would go higher.
Walker Bros.-The market today was
quite strong and active and traders bid
up a great many of the active stocks.
rest Of the e o ohs IL fh aaa sa
During the day the market held strong
and continued so until the close. We
look for nervous market with ups and
downs.
Dick Bros.-The market has been very
irregular and feverish but generally firm.
A further rise in Union Pacific helped the
whole list, but also created more or less
nervousness because of the accompanying
rumors of a quarrel between the inside
interests which might mean contest for
control. Crop news was unfavoFable but
not more so than expected. There were
no important developments. The closing
showed some small reeeSSionS from the
highest but was fairly firm.
OfConnor & Van Bergen's New York
letter:
On very fair volume of business the
market showed considerable strength,
under the leadership of Union Pacific,
which was the feature both in strength
and activity. There was ne Indication
Of heavy liquidation and sharp declines,
as on yesterday. The only result of yes
terday's market was some hesitation and
uncertainty in the early dealings. The
advance in Union Pacific stimulated the
general market, and decided Improvement
took place. particularly in Pennsylvania.
Atchison, Southern Pacific and st. Paul.
Failure Of heavy frosts, predicted for
last night, to materialize, and heavy grain
markets has a reassuring effect, and com :
mission houses were moderate buyers
with the tone of the market steady to
strong. The closing was very firm some
what below the best, but sentiment more
cheerful.
Coffee and Sugar
NlEW YORES Sent 81 -. III. .....f-es