The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-01
What the Brokers Saw

IeSS10nal.
Stocks were little more active and the
rails tended somewhat lower.
What the Brokers Say
M. Doran & Co.'S grain letter.
w neat was cratic. Local market and
trade was confined entirely to PROFESSION
al clement: Speculative influences were
limited and market responded to nit CON
Glel n}ba, Excepting for early bulge on wet
appears to need constant stimulus to in.
auce fresh buying. The Northwest news
Is bad no D. longer effective, although it is as
turns in almost every case show 7lieht
Yields and light weight grain. Exneri.
I ll have been made with this rust.
ShTunken wheat which proves If IN he
unit for flour. Liverpool was I'd to asT
rover and private cables reported tone at
: ,oHi oe [lIm. estimated receipts tomor-
Corn-There was a good firm undertone
10 the market influenced by unfa vorafIe
M.ealher In the West and by local pit con-
f 1lri3ns IN Inc crowd went home short yes
lerday and were forced to cover at higher
prices this morning. The early activity
gave place later to dullness. but prices
i heIa hrm, at slight recession from the
hlgh point: Country purchases are again.
light Cash market strong and from 10
to 39c higher. The forecast is for unset
TED weather. Liverpool was a fraction
$50 cars. ieooip's'
oats were firm and higher, particularly.
the May on moderate trade Country adj
9acent to Chicago is offering less oats.
Sash market steady to nc higher. Export
BIDS are not far from a working basis and
a few loads have been worked past few
days. estimated receipts, 203 cars
ProVislons-There was general changing
from september to later months and the
whole market was weak The labor situa
lion lion at yard yards has taken more serious
for tomorrow. 10000.
j. C. Geraghty & Co.'s New York stock
advices:
Logan e Bryan-The market is rather
more active. The rails are generally
easier and indicate rather more in the
way of profit taking than has been ap-
parent for some time past. There is a
8 talk of fayorable adjustment of the
Steel interests and the Steel issues are
higher. The market on the whole shows
little reactionary tendency. Our view
the crop outlook. A little unfavorable
D.. tendency to the cotton crop and the late
ness of the corn crop naturally restricts
confidence somewhat 1t might be we'll
to look at them for the time being.
Dick BroS.-Market has been very ir-
regular today. The. tendency was reac-
tionary and declines were the rule. but
there was no great pressure and no i'm
portant liquidation. The market became
dull on the recessions. Some stocks
: We're notably strong. particularly. Steel
ferred, Shelters. Fries and Readings, in
all of which there was some urgent buy
ing On the other hand most of the leading
railroad stocks like St Paul. Union Pacific,
. Southern Pacific, Pennsylvania, etc. were
: heavy. There was. no important news.
: The closing was irregular and feverish.
Very good buying was seen in some low
. priced stocks. particularly Chesapeake &
: Ohio.
:. Walker Bros.-The market today open
ed steady but not so active. Traders did
little and the commission house business
= was limited. In the afternoon there was
some selling and prices eased off. Stocks
: were we'll taken and while the declines
were general there seemed to be no great
pressure. The close was little above
the lowest. We do not look for much
activity until after the holidays.
OConnor & Van Bergen's correspondent
says:
Although today's market has not been
at all active. its firmness in face of some
rather persistent bearish talk, more or
less realizing and profit taking in antici-
patton of approaching holidays. is, very
fayorably commented upon. Strength in
such leading stocks as Steels and Fries
has done much to stimulate matters, es-
pecially the former. Traders are very
apt between now and next Friday to
somewhat reduce their commitments. 1t
seems to the impression, although we
cannot confirm it. that houses with po-
litical connections have been gradually
disposing of Metropolitan and the Securi-
ties. One usually well informed quarter
admitted the stocks have not acted at all
well and believes recent strength In Brook
Ign Rapid Transit was merely part of 9
plan to sell the other traction shares.