The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-11

ulatlOn was toe narrow TO nave any ma
terial effect On prices. Stagnation pre-
vailed during the entire session There
was further liquidation in wheat, and corn
was active.
What the Brokers Say.
NJ. Doran & Co.'S Chicago grain letter
Says:
There was some further liquidation dur
ing the morning, especially in corn, after
which the market reacted gradually, gain
dng strength until the close, on covering
by shorts.
Mheat-The pit sentiment was ibuIlish
q the start, and this feeling, with strength
in Liverpool cables, caused a small adj
vance. Later the weakness in corn and
rains in the Southwest broke prices lie a
buShel. This market led in late advance.
frhe Southwest were buyers of old July,
presumably covering shorts. The Kansas
City market was strong and there We're
some reports of damage from the South
west, Notwithstanding todays rains. The
Northwestern Miller reports output of
Hour at Minneapolis as increasing $4,000
barrels last week. Trade was duh and
sales did not equal production. The Price
Current says the Southwest wheat Situa-
zion is one of uncertainty. The movement
east of the Mississippi river was moderate
because of small supplies-to the West
above normal, but decreasing. Liverpool
closed I'D to Ad higher.
Corn-There was action enough in corn
ito suit both bulls and bears. The May
broke 11bc to Soc with very little trade.
IA good demand developed and before the
close market ruled very strong. Armour
was openly bidding for May, and this IN
stantly started shorts to covering; The
lIiverpool market was strong, with bet
ter cash demand. Argentine weather is
uTfaverable. The Price Current reports
no change in situation. Weather in belt
is mild. The low grades in cash market
steady and the No. 3 and No. 3 yellow
about lie a busheI lower. There was very
little doing for shipment, but seaboard
reported active on demand for export on
1.-THE break. The Liverpool close was sd
fhigher for March and 78d lower Tor the
futures.
t&norning. with but a small trade. Activity
increased with fatoring strength in other
pits and this market participated IN the
late advance. The better qualities were
steady. Poorer ones weak.
]. C. GeTaghty Co. S correspondents
say of stocks: o
z Logan & Bryan-Sales to noon of SS0e0
shares of stocks tells the whole story.
There was no change in prices except the
decline in Northern Securities. The feel
ing is a little heavy, however, on the con-
tnued unsatisfactory situation on the
foreign exchanges. There is pretty
fair Investment buying of bonds but alb
solutely no outside interest in the STOCK
imarket
Dick Bros-The stock market has been
altogether stagnant to-day, the transae-
-tions being the smallest for at least seven
wears. During one hour only 3 $40 clang-
ed hands. There was no news. HE CLOS
ing was colorlesS.
u 0'Connor & Van Bergen's correspond
ents say of stocks:
The market has been the adullest end
most uninteresting for years. 1T opened
dull but steady. There was a tendency
toward fractional Improvement, influenced
largely by the more cheerful reports OF
trade conditions in the steel industry, but
speculation was too narrow to lave any
material effect on prices. Utter stagila-
ltion prevailed for almost the entire day,
without news or gossip of Importance. IN
ithe afternoon the break in Northern Sc
,ourities to a new low record for this
wear caused some comment, but this was
without effect in influencing Specula ton
lfThe close was easy, extremely dull ano
practically without change in quotations
from last nights final figures.