The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-09
BEARS GET inning
ON WEATHER NEWS
Claims of Crop Damage and
BulIish Enthusiasm Oisap-
pear-StOCks Show Gains

Improvement in weather conditions
gave the bears an inning in wheat. and
claims of crop damage and buIlish en-
thuSiasm disappeared. The stock mar
ket showed further advances IN prices.
caused by covering of shorts, there be-
ing a limited offering of stock to meet
the demand. Rising prices made more
cheerful feeling. but there was no anima-
ton or depth to the dealings.
What the Brokers Say
NJ Doran & Co.'S Chicago grain letter
Wheat-Crop damage claims and buIlish
enthusiasm disappeared with improve
ment in weather. Trade was small and
local. and the response to such bull news
as came to hand was noticeably feeble.
The reports of wheat harvesting along
southern line of Kansas proved very eff
1eet1ve bear aids during last hour. Min
neapOliS was the chief dispenser of bull
items Stocks there decreased 425, 600 bu
in four days. There was reported a better
and country elevator receipts were said
to be again light. Minneapolis is re-
ported as bidding Sc over Kansas City
July for new No hard On basis of
Tuesday nights close this is equal to
SSc at Chicago. Liverpool closed un-
changed to sd lower.
Corn-Corn was dull and weak The local
crowd attempted to bull it during the
morning, first on news twenty-four hours
old and then on shOwery weather pre-
dlcted for parts of the Western belt The
the latter can hardly be considered a
bullish feature inasmuch as indications
elsewhere are favorable. Receipts every
where were large. Arrivals here for two
days have exceeded shipments by 06O-
600 bu- The shipping demand Is slow
Low grade corn IN sample market was
1gl1ae higher. Good corn was steady.
This market viii work lower. Liverpool
closed Hnehamsed to I'D higher
Oats-The oats market was firm
throughout the session The trade was
not heavy. hut local operators were bullish
IN the improved shipping demand, the
light contract stock. firm sample market
and light country and local receipts. Snow
reports acreage of growing crop a shade
gu against Sc s, on which basis a $780,
OO0.eO0 bu crop can reasonably be ex-
pected: The September is too high with
present crop outlook The future of I11ly
depends on whether it is. OF is not. an old
crop month.
], G. Geraghty & Co.'S correspondents
say of stocks:
Logan & Bryan-The market shows
some further gain in prices. 1t also shows
some gain in activity. This latter is no
qolot due to covering of shorts. but the
buying finds scant offerings of stocks.
Hhefe IS also a noticeable gain in the
expression of sentiment from Wall street
me buyer of stocks may have to have
patience great activity throughout
the midsummer months is not likely bl1t
We doubt II stocks bought at this level viii
snow any material loss and that the pa
OConnor & Van Bergen'S corresnoud-
entS say of stocks:
With possibly few exceptions the mar
ket retained it's early strength through
out the day with hardly any noticeable
tendency to fail back again into its old
inactive rut. A pleasing feature has
been the general character of the trad
ing. the buying has not been concentrates
on any few special issues. but well dis
trIbuted throughout the list, with per
laps the pest attention being paid to such
stocks as AtehisOn, United States Steel
preferred and Reading. which seem to
nave been We'll bought right from the
start. No further reason has come to
nsIlt 70 account for this change of front
unless It Is, perhaps, the opif1ion vvt,fcb
Is gradually gaining ground that the gov gov
SFnment report on crops to be made nlh
lie next Friday will show a ToaferiotP ~ :
proxement m the condition of wheat. So
much dependence is placed ON the milf
mate outcome of crops this wear tba+
AWNING relating thereto always has i'm
mediate market effect. This is perbanS
therefore, as good a reason as anx- 10
account for the uneasiness of the Sborf
interest and the buying by specDIai ior
Tor the long account since TUESDAY, noo, :