The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-26
STRONGER FEELING
IN STOCK MARKET
Opening Is Firm and Advance
Steady-CereaIS Still
Active.

Trade in cereals still continues brisk
and wheat is especially active, while it i:
said there is no knowing to what point
prices may be carried. The stock market
recovered from its sluggishness yester-
day and a better tone was noted. The
closing was strong and with stocks al
their best prices. Markets in Europe
Were steadier as no further failures were
reported
M. Doran & Co.'S Chicago grain letter
says:
The continued uneasinegs growing from
the promise of a protracted struggle in
the far East Is reflected in enormously
increased public interest in cereals and
provisions. This is especially true OF
wheat, in which trade was largest and
broadest, yet the professionals and out
side spectators are working in harmony
and backed by strong cash position and
the known scarcity of best qualities of
grain. There is no telling to what point
prices may be carried The news, while
bullish, was not factor in advance
torelgn markets were higher and Eng
1ish spot values led the futures.
Wheat-Our Liverpool cable reported a
scarcity of good sound merchantable
wheat at anything like a fair price. Trade
periodicals gave out rather bullish re-
ports. The Price Current says recent
weather conditions have been regarded as
unfavorable to winter wheat, but no posi-
tive damage yet. The Northwestern Mil
Ter reports improved flour demand with
advance In wheat, and patents 10c to zoe
up. Kansas is still without moisture.
Corn-There was a big market with
commission houses noticeably active. Liv-
erpool futures closed with only a slight
advance. while spot values We're nc to
lie higher. Present movement is light
and we look for further falling off next
week, as our advices indicate light pur-
chases from first hands. Cash markets
for better qualities 1c to 11ac higher,
with low grades steady. Sales for ship
ment 10000 bushels and there was an
improved local demand. The seaboard re-
ported "a loads taken for export.
Oats opened with shorts anxious to
get back their sales. The advance was
met by liberal profit-taking and a break
OF lc a buShel resulted. There was a par
tial recovery and bulk Of days transac-
lions were at slight advance over
Wednesdays close.
j. c. Geraghty & Co.'S correspondents
say of stocks:
failures reported on European exchanges
the markets in that direction were a lit
tie steadier. This impaired a somewhat
better feeling On the New York Exchange
and there was less selling pressure and
quite a little covering of shorts Prices
in consequence are a little better all
around. Gables also denoted a little bet
ter feeling over the Balkan situation. It
is a dull market, however, with the out
side public still Indifferent. There is no
doubt of some little investment buying,
but it is slow. The future is largely a
question of war news and as to whether
the fairly low prices discount the unfa-
vorable condition. 1t does not seem to
invite confident operations either way
Dick BroS.-The market has been very
strong, opening strong and advancing
steadily on a relatively small volume OF
trading. The principal demand was from
shorts, and there was also considerable
manipulation by traders who took the long
side for turn. The principal bullish
influence was the better condition of for
eign markets, where the settlements
passed without friction. There was no
news of Importance. Persistent buying
advanced Amalgamated Copper sharply
The closing was strong, and with most
stocks at their best prices. Sentiment
tonight is much more bulIish and the
Ehort account is considerably reduced
O'Connor & Van Bergen's correspond
ents say of stocks:
The foreign markets were all firm and a
little higher this morning and the i'm
provement abroad was reflected here
cur opening prices being about AM%c
above last night. The London settlement
passed off smoothly, and there were no
further failures reported from the CONT
nent. London was a buyer here to the
extent of about Is 900 shares, but Ber-
lin sold a little. The market displayed
considerable strength throughout the SEES
sion, and the tone was better than for
some time back, but the only buying of
any consequence was by the shorts and
this buying held prices firm. The closing
was quiet at about 1@1k per cent adj
vance over yesterdays closing