The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-02
WHEAT is NERVOUS
ON SMALL TRADE
Orders Either Way Find Re.
sponsiVe Market but Tend
ency Is Upward

The wheat market responded to mod
crate orders in either direction readily
worse than usual from the fields and the
grain was said to be deteriorating in
the shock from wet weather.
Stocks We're about the same in tone
as they have been for some time past
and gained fractionally on the day.
What the Brokers Say
NJ. Doran & Co.'S grain letter:
wheat was again nervous and reSpon-
slVe to moderate orders either way. The
Trend sTT was upward with the price gradu-
market was the leader, backed by news
from the Northwest, which If ANYTHING
was worse than ordinary. In addition to
continued poor threshing returns, prevail
ing weather conditions are causing COM
plants of still further deterioration to
grain in the shock. Threshing is quite gem
per day instead of as formerly. MiIlers
continue to be persistent buyers of cash
wheat. Inc flour output at Minneapolis
last week increased 1900 bbls. and the
Northwestern Miller notes some imnroye-
ment in sales. Liverpool reports a good
general demand and contract stocks are
Closely neld. Liverpool was Ad higher
at the close. Estimated receipts tomor-
row, Sc cars.
Corn-Crop and foreign news gave a.
SIrong tone and higher prices to corn.
Inc weather conditions today were warm
and moist, and general complaint is that
the plant Is kept green and growing The
forecast I..aIe indicates that cool temperatures
VIII overspread the Mississippi valley by
tomorrow. accompanied by unsettled con-;
d1tions. The cash demand is good. maxi
ing a steady market for. the present large
ana ana Peoria says the adjacent territory IS
closely cleaned up Of old corn. Cables
M Sieber stF sf FER ,Liyerpeol was SOLD
very small, and private advices say
Vienna, Austria Hungary, is again buying
corn In Argentina. BroomhaH is author
fhe tot
import duty on fodder stuffs has been
reduced. Estimated receipts, 664 cars.
Oats-The market was firm on moderate
t traoe: Ihere was early buying of Deem
Recelpts fairly liberal and country move
ment at present very light, prices evil
IDENTITY not being an inducement to the
producer. A small lot was sold for prompt
shipment yesterday from New York to
Antwerp, and this we think is the fore
runner of better export trade later on
Cash market II to hc higher Estimated
cars for tomorrow, 223
Provisions-The market reacted after
the liquidation and declines of yesterday,
but there was nothing particularly signifi-
cant In volume of trade or the news. ES-
tlmated hogs for tomorrow, Ia 200.
J. c. Geraghty & Co.'S stock advices:
Logan &. Bryan-Market continues to
gain a little IN activity and on the aver
age is higher. There was further sharp
upturn in Consolidated Tobacco As and In
the Steel issues. These rather encour-
e5Vd tllC MIOic IildEhSl. lneT6 are, now
ever, evidnces of profit taking IN spots
and prices are a little Irregular There is
nothing new in the gossip The action of
the market indicates no change from pre-
vious conditions. The tendency is clear
ly an advancing one. We still feel that the
only uncertain thing in the situation is
the crops. If the corn crop were safe
and the cotton crop suffers no further
impairment we can see only one side to
the stocks.
Paine, Weber & Cooper was frac-
v,a11N 1nrr- ,l.,. frlz
sales: The tone of the local market is
decidedly firmer. There are more buyers
than yesterday and hardly any sellers.
There was fairly good buying and also
continued selling of Royal. The New York
list showed fair recovery all along the
line. Traders who sold because of the
approaching holidays are now inclined to
buy stocks and carry them over. Unless
corn damage should be reported we think
the whole market will be higher next
week
all day, with few exceptions, Rock Island,
Erie and Steels being the features, and
closing at the top. The general HIST out
side those mentioned was very dull.
O'Connor & Van Bergen's correspondent
says:
The tone of today's market in view OF
or less surprise among usually good judges
of speculative movements. The general
strength and tendency to broaden out ia
issues heretofore neglected demonstrates
that the powers In control are figuring
on larger results than perhaps may seem
possible to attain under present condi-
lions. There has also been evidence OF
realizing in a number of recently active
stocks. particularly the resumption of
liquidation in Metropolitan. which had an
unfavorable effect. 1t is said. however,
there is a good demand both for Metro
politan and the Securities, in spite of the
decline in both. Many believe the recent
advance was simply manipulative move
to allow certain large interests to get out
before the subway competition, entered the
field to decrease. earnings. The persistent
buying of Erie has attracted much atfen-
ton. with the story Of Hartman being
used to good purpose. The strength In
Steel stocks perhaps as much as anything.
else contributed to the activity and add
yance in the rnarke