The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-03
BEARS UNABLE TO
DISLODGE STOCKS
Offerings of Long Stocks Small
While Controlling Interests
Are Waiting.

Trading was in even smaller volume
than Tuesday, and such news as was like
1y to influence speculation was without
effect Bears attempt raiding prices, but
are unable to dislodge any long stocks
while controlling interests are waiting
The undertone was generally firm and the
close was firm, with fractional changes
for the day. The long interest was con-
spicuous buyer in wheat and a reaction
followed liquidation in grain and provi-
sions. The crop scare of the season
changes of weather following moderate
temperatures.
What Brokers Say.
M. Doran & Co.'s Chicago grain letter
says:
Liquidation in grain and provisions
evidently run it's course Tuesday, and
the natural reaction followed today Ca
bles were unexpectedly firm and wheat
news was generally Of a bullish sort. The
advances in other pits were more the re-
suit of the exhaustion of selling force
and ir sympathy with the leader tina n
on any developments in the news or cash
situation.
Wheat--The Liverpool market was firm
in anticipation of light shipments from
Argentine, where transportation is held
up by a strike. The first crop scare OF
the season was launched. A cold wave
was predicted for the West and South
west, and this, following moderate tem-
pelatuFes, finds winter the wheat crop
without snow covering. The government
Ing crop to be in an unpromising condi-
ton. due to severe winter and lack of
snow. The illinois state report rotes q
deficiency of moisture. The long interest
was the most conspicuous tuyer all day,
and prominent local professionals took
buying side on the news. Export bust
ncss was said to be much better 1nd
la;e cables reported a sharp advance in
Sprt wheat at Liverpool. Th3Te was also
said to be buying of futures for foreign
account: There is no possibility. of new
al hniN, Il T,Jlr
ceptiDl from the Southwest, and condi
lions there are unfavorable. There is
no pressure of cash wheat from any di-
reCtion. Liverpool closed 1s@Ad higher.
Corn-The market started easy and
broke 1c before strength in wheat pro-
duced any sympathetic effect Trade was
small and mostly of local character. The
outside interests in this market appear
to have been pretty we'll liquidated There
was very little news of consequence. Cen
trail Illinois reports country roads impass-
able, which will of course curtail receipts
from first hands. Cash prices steady; Liv-
erpool was I'D to Is lower at the close.
Oats-The market was a repetition OF
the corn experience to large extent
After weak opening the pressure was
off the market and prices rallied cash
wheat was steady at Tuesdays closing
prices
J. C. Geraghty & Co.'S correspondents
say of stocks:
Logan & Bryan-There is no change
Foreign markets have a Steadier tone, but
there is no increase in general interest OF
general buying. The strongest feature OF
the market is the smallness of the offer
ings of long stocks. There is plenty OF
bearish sentiment and every day or two
they try their hand at raiding prices, but
are unable to dislodge any long stocks an6
their efforts for weeks past have proved
failures. The controlling interests seem tC
be awaiting the Northern Securities de.
cision with great interest and nothing
seems likely to be done of Importance I'm.
til after that is received. 1t is a waiting
market.
Dick Bros.-The market has been ever
less active than lately and in the more
conspicuous shares the fluctuations have
been narrower. Several inactive share.
were marked up on light transactions
but otherwise the day was devoid of in
tereSt. There was no news. The foreign
situation showed improvement. The mar
ket maintained it's sluggish character tt
the close.
OConnor &, Van Bergen's correspondent,
say of stocks
The market opened dull and inactiv,
and continued SO throughout the entir,
session, with price fluctuations confined
within very narrow limits There was al
attempt to move some of the SpecialtieS
notably Mexican Central, but the NOV,
petered out. The volume of business wa
even smaller than yesterday, and neithe
party seems DESTROYS to trade Closin;
prices showed but little change from las
night