The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-08
MARKET RECEIVERS
AFTER RECESSION
Closing Is Strong and Active
After Fluctuations i'm
Prices.

The stock market opened active and
lower and in the early dealings there was
considerable selling pressure due to the
belief that the Northern Securities de-
cision would be handed down. When 1t
was definitely known that there would be
no decision during the day the traders
worked for a rally and succeeded in ad
vancing prices about y to IL per cent
from the bottom figures. There was some
short covering in the late session which
held the market steady. The prices were
12@% per cent higher than Saturdays
final figures. The wheat market was r.
regular and closed at the bottom of a
bad break.
What the Brokers Say:
M. Doran & Co.'S Chicago grain letter
says:
Wheat-The market was Irregular early,
finishing up weak at the bottom of bad
break. Trade was small. Local profess
SIGNALS were bearish and persistently
pounded the market on every bulge, and
Foreign news was bearish. Liverpool
was weak, closing 1000 lower on ex-
cellent quality of Argentine shipments.
Public cables stated the strike situa ton
to be unchanged. Late private ones re-
ported a settlement. Domestic crop news
was bullish. The precipitation forecasted
for the Southwest Saturday night. did
not materialize. Shows review of winter
wheat conditions was not encouraging,
and indicated that the April report will
be below normal if not sensationally low
er. There was more spreading of old
and new July.
Corn-The market was firm and dis
played marked tendency to do better,
and possibly was held in check by the
weakness of wheat. A lighter movement
is promised in the near future. Liverpool
was 1s@3sd higher.
OatS-The weakness in wheat had no
influence over the oats pit, and that
market ruled strong from the start. May
was in excellent demand. Indications are
for a smaller movement
OConnor & Van Bergen'S correspondents
say of stocks:
The market in the early part of the
day was somewhat more active and weak,
influenced by a lower level of London
prices and a continuance of the more
beaTiSh sentiment noted on Saturday. Pos
Sibility of the Northern Securities de-
cisiOn being handed down was also a
marked factor and rally took place when
the announcement Of no decision was
made public. On the rally earlier buyers
turned sellers, and on narrow volume
of trading the market became dull with
out especial interest, a fractional recess
sion took place. In the last hour the
tone became firm again and with few
stocks offering, prices improved on short
covering and the closing was strong and
fairly active, with general advances for
the day.
j. c. Geraghty & Co.'S correspondents
say of stocks:
Logan u 6TydH-EVeIytn lnS is SIlll
waiting on the Northern Securities deci-
sion, which is as uncertain as to time and
tenor as ever. There was some covering
of shorts by those who were disappointed
at it's non-appearance, and this has given
a fractional rally in prices Foreign mar
kets are dull and show no reactive ten
dency. 1t is a waiting market.
Walker BrOs.-The market at the open
ing was weak and dull. London prices
came in lower and the traders sold. Dur
ing the middle of the session the market
was very dull. In the afternoon prices
1 stiffened up and there was quite good
deal of short covering. No decision in the
Northern Securities case caused further
buying, and the market closed strong and
with good tone.