The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-18
PRICES ADVANCE;
OFFERINGS SMALL
Buying by Short interest and
BuIIish Sentiment Main
tains Strong Tone.

The market was strong from beginning
to end of the session, with noticeable adj
VanceS all around and closing at the top
figures. Buying by large short interest
and a change in the speculative senti
ment are declared to be responsible for
the improvement. Absence OF stock Of
ferings at the higher prices was con-
spicuous. Trading still continues large
iy professional.
What the Brokers Say.
M. Doran & Co.'S Chicago grain letter
avs:
EThere was a general desire to realize on
part of holders of grain and provisions.
Wheat led the decline on general rains
throughout winter wheat belt, and the
press announcement that Armour interest
in the market had been evened up. There
are still fair lines of high-priced wheat
and provisions to be liquidated. Wheat in
the 90s is hard to maintain without lead
ership. The cash situation is not yet
light enough to sustain it, although sup
plies may be very short later on. The
coarse grains are too high compared with
exist pg cash situation.
WhAat-The urgent demand for cash
wheat was supplied Wednesday, and there
was little doing today; 1000 blu lot of NO.
/ northern sold at May price. while the
best values late Wednesday for round
lot was 1ac under May. The output of
flour at Minneapolis last week shows lit
tie change from previous week. Demand
tieularly Indifferent. Odessa eabled, Re
ceipts and stocks small and market
sensitive. A general advance in bread
stuffs is reported over al Russia
Corn-There was little change in the
cash situation in corn. The better quail
ity of receipts We're in fair demand at 1sc
advance, while the lower grades were un-
changed. Our offers Wednesday night
were 1c a bushel lower, but brought no
acceptances About 10000 bu contract
quality was made Wednesday, making a
total of 100000 bu in two days; At this
rate stock promises to be a burden to any
party bulling the May Receipts at all
Western points light and but little in ex-
cess of shipments.
prevalent all week continues unbroken.
The fluctuations are mainly influenced by
wheat and corn. Receipts moderate and
market values. The mixing houses con-
ttnue to contract literally to standard
stocks.
j. c. Geraghty & Co.'S correspondents
say of stocks:
Logan & Bryan-The market hesitated
q little the first hour, but prices were well
sustained and there was very little pres
sure from long stocks Later it became 1t
active and a renewed advance set in
which carried the whole list higher. Shorts
are the best buyers, but it is conceded
that there is still large short interest
the better class investment stocks are
cheap and there is undoubtedly waiting
list of investment buyers to take ~advan-
tage of any weakness.
Dick Bros.-The stock market has been
buoyant during the session, all leading
shares making good advances. Aggres-
sive bullish manipulation and urgent short
coverings were responsible for the buoy
ancy. There was no news of Importance
and the advance represented nothing SO
much as the change in speculative .senti-
ment. The market closed with no reac-
tion and promised a still further rally to-
morrow One important result of the day
was the reduction in the short account.
O'Connor & Van Bergen's correspond
ents say of stocks.
The stock market throughout the day
has been on a fair volume of business
with the undertone conspicuously strong,
opening irregular and lower for the more
active issues, in response to declines in
London and some selling from that quar-
ter. A gradual improvement took place
on the scarcity of offerings. Trading was
In light volume during the early part of
the day, but toward noon the short in
tereSt took alarm and some rapid adj
vances with active trading followed. AT
the advance the market hesitated, eased
off fractionally and again improved with
very little more stock offering than at
the lower prices Trading continued very
largely professional, but commission
houses were probably more active than
for some time. The bond market was
strong and active, with increasing de-
mand. The market closed strong with
considerable degree of activity at about
the highest