The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-03
GRAIN MARKETS ARE
ACTIVE And HIGHER
Cold Weather in Winter Wheat
Belt Causes Prices to
Advance.

The fear that the extreme cold in the
South would hurt the new wheat crop
was a decided bull feature yesterday. AL
though Liverpool showed but a small ad-
vance, all the American markets were
higher. Corn, oats and provision were all
strong.
At the opening of the stock market
there was considerable activity. The prices
showed an advance over Monday. There
was no war news of Importance to hinder
the upward movement OF prices The clos-
ing quotations were heavy and irregular.
What the Brokers Say
NJ Doran & Co.'S Chicago grain letter
Wheat-Although consols were higher
and Liverpool scoring only a slight ad-
vance, the market was strong with out
was good buying, not only in May, but in
July and September as we'll the advent
of cold wave being particularly bullish
on deferred futures at their great dis
counts in view of fears of damage to the
new crop. The strength in corn. cats
and provisions and the decrease in the
worlds visible were bullish features that
started shorts covering, and added to the
buying fever. There was settling of July
by St Louis houses and it was the belief
that Armour sold May on the advance,
but offerings We're well taken, as the do
mestic situation develops more strength
and less attention was paid to Europe.
The close was strong and higher prices
are looked for.
Corn-There was good buying from the
start on numerous complaints of soft
corn. and Liverpool arrivals in poor con-
diton, proving bullish feature with pri-
waite cable reporting Argentine crop dam
aged by drouth. Some long corn came
out, but Armour was a heavy buyer.
There was big commission house buy
ing all through the session with seuti-
ment bullish and close strong.
Oats-Outside buying was the feature
through commission houses, and while
there was talk of Patten settling the re
sn17tiv
bulliSh
j. G. -Geraghty & Co.'S correspondents
say of stocks:
A. O. Brown & Co.-Whateyer little ar
tivity there was in the market was con
fined to the early trading In the after
moon speculation fiattened out completely
Copper was again the feature but the
opening prices were the highest 1t sold
off sharply in the afternoon on profit TAX
ing and selling induced by a report that
The opposition had requested the attorney
general to bring proceedings against the
Amalgamated in the name of the state of
Montana. In the late afternoon there
We're some very diSquieting rumOrs CON
-cernlng the far Eastern situation, and
1alIlng under the influence of these reports
the market sold off towards the close
line news of the day was without feature
ana price movements reflected merely the
operations of professional traders and nos
Sessed little significance. The market
seems TO nave again relapSed into a mar
row rut, pending some new develonment
DtdIInS on Inc SIIuat1On calculated to af-
feet securities values
O'Connor & Van Bergen's stock letter
says:
The general market opened strong and
hlgher, in response to a better London
market and in the early dealings there
was considerable activity in several is
sues; Amalgamated Copper opened Sly
10 Of and dealings around these prices
were on on large scale. United States Steel
preferred was also active and sold nm fo
b5A. the buying of which looked mostly
IKE shorts covering. Brooklyn, after open
ing strong at 1875 was sold down to 45 on
what looked like a bear drive Metropoli-
tan was weak and declined to llS% in
The morning session on runners that W. q
Whtneys condition was worse, but later
on II rallied and most Of the decline was
recovered. Realty preferred was heavily
manipulated by insiders and made to an,
pear strong. There was rather a sharn
decline In Copper about the noon ho1Ir
Que to heavy profit taking, and later on
IN the afternoon the entire market weak
ened on heavy selling by room traders on
unfaVorable war talk. The closing wa !
heavy and irregular and in most issues al
about the lowest figures of. the day, and
prices generally are below Monday nights
final figures.