The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-12

The following grain and stock letters
We're wired yesterday to st. Paul brokers
by their Chicago and New York CORE
spondents:
NJ. Doran & Co.'S Chicago grain letter
says:
Wheat-A rather slow market was an
ticipated before the opening, because of
the government report. but its effect was
given little consideration until the last
hour The change in the weather started
perienced the last half hour. Local trad
ers turned friendly on the decline. and
with the help of repeated statements of
excess damage in the Southwest values
boosted. although trade was largely local
and professional. 1t is notable feature
that Kansas City was slow to respond to
adViceS from the neighboring territory
which proved so effective here. Duluth
disposed of 900 bushels of No. 1 north
ern to Eastern millers. and there was
fair local demand. but nothing offered.
The market acts strong and we do not
feel like suggesting sales while damage
reports continue so plentiful.
Corn-Corn was dull with a limited
trade and was given an air of firmneSS
by wheat during the morning, which was
hardly justified by any developments in
the situation. Country purchases have
been more liberal of late but the demand
continues slow. The weather is first class
for the crop and reports. especially from
Nebraska. are of rapid growth and general
improvement in appearance. The cash
market was steady With continued fine
weather the country movement is ex-
pected to b. mere liberal.
0atS-Selling by commission houses and
some of the larger local operators was the
opening feature in the pit When the
offerings dried up the market became
firm. helped by wheat with easier feeling
highly satisfactory. The recent improve
ment in this state has been marked and
adVices from west of the Mississippi are
very optimistic. The new oats have been
bought in this state for July delivery here
The cash market was steady for good
grades and about 15c lower for the poorer
ones Estimated cars. 1919
O'Connor & Van Bergen's stock letter
gays:
Although trading has experienced dull
ness, the tone right from the start has
been distinctly strong, and what recess
Sions have occurred have been very slight
ana OF no significance. The best opinions
obtainable indicate the street looks with
much favor on the results of both the
Republican and Democratic conventions,
and are particularly pleased with the la
ter in its selection of a candidate known
for his sound sense and conserva tism
There has been no pressure to sell and
pront-taklng seems to have been about
complete in the few issues where it was
most noticeable. Metropolitan lost ground
on rumors of its merger with the Inter
69ofoHSn bemg contradicted. Pressed
Steel Car displayed some activity iowa I'd
improvement, in sympathy. it is thought
with the strength in United States Steel
ShareS on denlalS of stories that the divi-
-dend would be passed
J. c, Geraghty & Co.'S correspondents
Logan (. Bryan-The market is a little
crate scale and the whole action Of the
market is natural and healthy one.
There Is nothing new in conditions. The
government report. while always matter
satisfactory and encOuragip condition in
me gram crops. There has undoubtedly
Deen some damage done to wheat in the
scope we think to constitute an Influence
on the general commercial situation IN
lotion ana corn crops are the important
OF late that reactions from now on viii
or course. be in order. but we advise huv'
ing! ing good J., stocks on these reactions. So
:oi ~ a. .ng crop outlook is all right there