The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-23


The following grain and stock letters
were wired yesterday to St. Paul brokers
by their Chicago and New York CORE
spondents:
-Wheat-Wheat was a local. nervous
market which finished a shade higher fol
the day. Enthusiasm of bullish sort
was necessary to find much encourage
ment in the news. The weather mar
showed but one light rain in harvest dis
tricts. Conditions elsewhere We're clean
and warm The forecast Is for fair wealth
4 er except in Nebraska, Kansas and Mis-
souri,, where showers may be expected
q Several points reported cutting in prog
reSS in South Illinois. The Southwest
s. Atillers association says that the Ten
-neSsee and Kentucky crops will be from
50 to so per cent of an average. The
same association reports the flour de
mand poor, and Minneapolis advices claim
one of large mills has already cut down
+ it's capacity and that others are expect
ed to follow.
Corn-Corn operators found little or
which to base trading opinion and were
q. IN consequence limited to personal Senti-
ment and exterior influence for their in
-centlVes. There was marked cautious
ness on the part of all after Tuesday s
disastrous experience and the volume OF
trade was unusually small. The July
again proved stronger, selling at q parity
with the September. Receipts We're mod
+ crate The demand is still light The
IumOrs' of a concentrated holding of July
Tuesdays closing advances. Any at
tempt however, to bull this corn in the
absence of a good shipping demand would
only be making market for the A. 000. ODo
to 5000. 900 bu held by private elevators
a great deal of which can be made into
contract
Oats-Oats were firm early OF
quite a good trade which later dwindled
: 10 small proportions. the market losing
3 the early advance. Receipts were light
Eastern demand continues fair, but
Tl14aTa III hos hrrNY
offerings of cheaper new crop
j. c. Geraghty & Co.'S correspondents
& say of stocks:
Logan & Bryan-The market is very
dull, but firm. There is an increasing
percentage of the small volume of busi-
ness that represents growing invest
ment demand. We think that those who
= walt for the train to back up will gel
left. and that those who wait for a little
faster movement will pay higher prices
We advise buying stocks right now.
Dick BrOS.-The market was dull again
but 1t continued very strong, and toward
the close, when the trading became some
what more active, advanced rather sharp
~. The strongest features were the rail
road stocks although again Southern Pa
cific and Union Pacific were very slug
gish There was no news of Importance
The market closed at its best prices anC
with a show of buoyancy in some of the
specialties like Sugar.
EO'Connor & Van iBergen's stock let
ter says:
The market was to a great extent :
repetition of Tuesdays speculation. 4
strong undertone with substantial ad
Nances in some of the specialties anC
moderate Improvement elsewhere wa.
looked upon as healthy condition. an(
sentiment was hopefully inclined toward
higher prices. Demand was in light vol
ume but on the other hand few stock:
were pressing, while the news of the dan
was not Of special influence in eitheI
direction. The most conspicuous featur,
in the market was Consolidated Gas
higher nh
rights, which were freely traded in at adj
.Nancing quotations Possibility of al
increased dividend on the stock was tht
Canadian Pacific was another esnecia IL
strong stock on it's earnings In the las
hour the market strengthened on actiyit,
IN quarters recently quiet, leading TO fur,
the close was strong fairly active at tn,
top, with a number of substantial gain:
as result of the days trading.