The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-13
SHORT INTEREST
CHECKS BREAKS
FIuctuation Follows Weakness
i'm Metropolitan Traction
and Other Stocks.

Breaks in Metropolitan Traction, Penn
sylvania and Peoples Gas caused a gen
eral weakness, but the short interest
came to the markets assistance and
covering brought about a rally before
the close. The bank statement has no
influence. as it's figures were indl1erent.
Anticipation of the Northern Securltles
on Monday still dominated the situation,
and trade seemed to be almost entlreiy
professional. Fluctuations were made as
the bearish element had courage TO de-
press or rally as their caution leo tnem
to cover.
What the Brokers Say.
NJ. Doran & Co.'S Chicago grain letter
says:
Wheat-The wheat market was very
strong, excepting for slump during the
the Southwest wheat area. Legitimate
conditions were the governing factors IN
the advance. Flour sales at Minneapolis
late Friday and today were 10000 bbls,
and 1nilIers were buyers of the May OPP
ton at Duluth, which was taken as con-
firmatory evidence. Fridays sales OF NO.
1 northern here were larger than first re-
ported Liverpool market was dull, put
a strong Odessa cable helped the futures
here. 1t is bullish on present situation
because of scarcity and small shipments
and reports of unfaVorable prospects Tor
new crop. There We're reports from Kan
Sas and Oklahoma claiming one-th1rd OF
the crop is damaged and the balance de-
pending on rain in the near future. me
encouraging feature, indicating present
prices are on legitimate level.
Corn-The corn market was. strong, es-
peeially May, which advanced 13sc from
low point OF morning, with scarcely a re-
action The strength was the result of
influential buying to which the pit trade
but such as there was gave no basis for
optimism. Liverpool closed 1sd to I'D
lower
Oats-The market was dull but firm, re-
Ji,oer cir 1oth q
market was 12c higher, but improved de-
mand noted Friday was not in evidence.
There seemed to be oats for sale on
bulges. which took the edge off the mar
ket.
]. c. Geraghty & Co.'S correspondents
Dick Bros-Heavy selling which look
ed like liquidation caused sharp declines
ina few stocks and the general market
was weak in sympathy. The stocks which
broke most We're Metropolitan Street
Railway, Pennsylvania and Peoples Gas.
On the decline. however. the short inter-
est came to the markets assistance and
covering brought about general rally
before the close. There was no news Of
Paine, Weber & Co.-Bank statement
figures were unusually small and the
showing was on the whole favorable more
so at least than had been expected. Price
movements were irregular, the only fea-
ture being the break in Metropolitan.
Copper is &c higher In spite Of this
Amalgamated was heavy and Copper con-
tinued extremely dull.
O'Connor & Van Bergen's correspond
entS say of stocks:
The opening was quiet and fairly steady.
but after the first few minutes of deal
ing the selling movement in Metropolitan
traction issues was resumed 1t looks as if
this was some of the late w. G. Whit
neys holdings. The weakness in the trac-
tions acted unfavorably on the genel al
list. which declined about A@h per cent.
There was some genuine liquidation, as
well as short selling on the downward
movement. The closing was heavy and
unsettled, pending the Northern Securities
decision, which is expected Monday, and
prices generally are little below those
of Friday night.