The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-07
What the Brokers Say


er, following the settled tendency Of the
market during the past month
What the Brokers Say
M. Doran & Co.'S grain letter:
Wheat-Wheat opened rather weak,
with enough selling to result in a decline
In May wheat to 81. 07%. Some fair buy
ing developed at these prices and market
again selling back below lowest prices of
the opening. Speaking of speculative
Tade today, we should say local crowd
was going back to somewhere near 81 be-
lore II was buy, got to be too general
ana resulted in local crowd to quite an
extent extent getting short of wheat: This was
advance of about 1hc per blu and the
close was firm. The Northwest is getting
rather too much rain and if today S
Strength continues 1t will encourage fresh
buying. There are a great many peonle
who believe that wheat will sell material
~ hlgher later, who have sold their wheat
out and have not replaced it. Liverpool
closed 1% to rs lower. Paris closed i1Sc
cars.
Corn-On the general selling, including,
a fair-sized line of corn sold out nv
local operator, the market was weak early.
Later 1t developed a good deal of strength
ana ana closed strong. All our advices show
thaft corn crop is late and will REQUIRE
=thr{e to four weeks OF good weather to
mature Offerings from country are light
f1lu 1t Goes not look as though it would
Jake more than moderate further de-
Inia To clean up old corn in country.
Inns VIII leave market particularly sub
J J,,,f, 10 Weather advices; Should these be
snaTp advance, especially in Decembe1.
corn. Liverpool closed q to 3. lower.
hsd5lmate6 ID, receipts tomorrow, Lis cars.
Oats-The selling early was chiefly nv
r elevator people and receivers The mar
ket has been rather quiet The streneth
III t 9ats see seems to be fully as much in sym
Farmers are not disposed to sell ast 80 et
present prices and we look for moderate
receipts for a while Estimsfed ronaintS
tomorrow 419 cars p'S
froVlSlonS were extremely weak for q
Whlle during the session, but rallied near
i Inc close a@s Speculation in provisions is
he con tin On eacn break there seems to
ers. We look for a settlement of strike
mere within forty-eigh hours
o, G Isl Ilmated receipts of hogs tomorrow.
J: G. Geraghty & Co.'S New York stool,
Logan & Bryan--The market continues
TO increase in activity and to gain in
prlte. II IS a good market throughout
Prei;y much the entire list. The increased
n cuo,i.eSS Gonslnues to represent an in
creased outside interest. The market does
not act any more. toppy now than it did
at 80 and $40 a share cheaper The ha nj
Sba sia'1 showed loss in reserves, but
the situation can stand it. The tendency
seems 10 US higher and as long as the
crop prospects are fairly good We see
Hop1ning mat threatens the market.
Palne Weber & Co.-There was Soma
Feanzlng IN the Gophers this morning and
II deveioped that there Were enough or
the stoeks Oe sog the b market to absorb all
courage. and the buying soon became bet bet
yer IMAM the selling again. Later nrices
s TOrKea steadily a higher One house bought
sen at a new high record price. The ton0
t ~ me ne, W1ole copper market is firm and
Soe OUTLOOK favorable to further advances,
sentiment is decidedly bullish ~
Walker Bros.-Great strength wac nra,,
aIent IN almost every issue today. There
Seems 10 be no good selling and prices
The movement. Reading was the Carl,
Iea ture, advancing per cent almost With
, OUT recession: In the afternoon another
OF Colorado Southern first preferred 5iiv;ss
oend had no effect on the marker and
PRICES PRICES closed firm at the top. "'iO
OConnor & Van Bergen,s corresnon-
dent says of stocks: spun
th "A t tIeat9re OF today,s market has been
tne transfer of strength and activity from,
one stock to another While there he
been evident signs of extensive msnin,,ia
tlon there has been equal eyidence nj
e eS fbe t, ouying traders being very wary
looks anything but attractive. Erie -
Taneed easily on persistent rumors tha
hartman and his people were consnicu
indee buyers fy mat Is as far as one could
ders were those usually employed by those
interests. 1t is said the Moore peonIe
are are again to enter the market pre gsUp =
ttsory to which they are now taking on q
little Title Rock Island. and are advising their
more & Ohio holds steady, it has not Ha vet
1o1 tt the procession as actively as MANY
aInticipated It is. however, undersfoogS
wanna affairs are very bullish on ne
STOCK. 1t is predicted 1t will advance to
aeont the vicinity Of Union Pacific Stories e.
or increased dividends are denied oiies'