The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-02
STOCKS DULL AND
WALL STREET WATTS
Slight Improvement Is Checked
By UnfavorabIe Report
Wheat Declines.

The stock market was narrow and very
dull with dealings purely professional
Some Improvement in prices occurred on
short covering and scarcity of offerings
but this was checked by a poor Rock ISL
and statement for January. The situation
is said to be waiting one. The closing
was dull and without feature, with the
tone firm at fractional advances for the
day. Prices of grain continued to decline
on account of the heavy movement which
was started Saturday. The tendency in
the pit was downward and the lowest
prices were made at the close
M. Doran & Co.'s Chicago grain letter
says:
The whole story of the session in grain
word, liquidation" The movement start
ed Saturday, was pronounced in wheat
and provisions Monday, and spread to the
coarse grains, especially oats. The de-
sire to seize dwindling profits, or to cut
short growing losses, was unanimous with
all classes of traders. Pit operators and
local professionals helped the decline.
There seemed to be no recuperative power
whatever, and lowest prices were made
near the close. The news was of no mo-
ment and was not taken into consldera-
ton.
Wheat-The long interest was conspieu-
Gus throughout the session as a seller of
May and a buyer of old July at from 51sc
to 5%c difference. The opening Liverpool
cables We're relatively strong, but the close
was 1c to 11sc off. The Argentine strike
is a serious feature. Round lots of cash
wheat were reported sold from Milwaukee
to Eastern millers, and No. northern
changed hands here at SC under May.
Northwestern country elevator stocks de-
creased 900 bushels during February
Outside markets were all weak, especially
in the Southwest.
Corn was relatively stronger than the
other cereals during the forenoon, but
participated in the general closing weak
ness and the last figures were close to the
bottom. News of consequence was scarce.
O2tS-The sharp, quick break in oats
was the feature of early trading. Inc
start was easy and under liberal offer
1ngS declined 25s @234c before temporary
halt was called.
]. G. Geraghty & Co.'S correspondents
say of stocks:
be said of the market. 1t is about as dull
as it can be and prices are unchanged.
There is no buying power and not many
stocks for sale The feeling abroad sun
having developed. Prevailing sentiment
in Wall street seems bearish, yet holders
of stocks are not disposed to sell. Money
is easy, the whole situation Is a wait
Dick Bros.-The market has been ex-
tremely dull sand wholly professional to-
day. but has been generally strong: Frac-
tional advances were scored all through
the list. There was no news whatever.
The closing was very dull and barely
firm.
O'Connor & Van Bergen'S correspond
ents say of stocks:
The foreign markets were weak and
lower in the early morning, but later on
recovered somewhat and continued dull
and will probably remain so until after the
Paris settlement. Our opening was very
quiet and trading was extremely light,
but the tone of the market was quite
steady, and slight advances were scored
throughout the day on some short cover
ings The Rock Island statement was is
sued today and was a very poor one, and
as practically all the railroads are making
a very poor showing there is nothing to
bull the market on at present. The only
buying is by shorts, and as soon as this
interest is reduced the chances are in
favor of lower prices. The closing was
night