The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-12
ESTABLISHED 1880
TTERNEY & COMPANY ST. PAL
:. IS: j.: j.. HAY | $ s:::: tor
WHEATMARKETFIRM
Grain Shows Strength, but
Trade Lacks Activity.

The following stock and grain letters
were received yesterday by st. Paul
brokers':
says:
Wheat-The tone Of the wheat market
was firm, but activity was restricted nv bv
tne government report. There was con-
sLueTaole evening up and some buying for
1ne long account. based possibly on the
kentucky report, which makes the condj-
JOn IN that state SO, drop of 80 points
since December. Last weeks bull fncen-
i've was lacking, weather conditions in
me NorthWeSt being much more favorable
70 spring work. Minneapolis and Duluth
1eIt the ERECT the most, ruling weak reIa-
tive to Chicago. The cash business was
SLOW and at &c decline from Saturday. A
sale Of 10000 bushels of No 1 northern
was made at Il C under May and more is
offered at May price
Corn-The corn situation was more
bearlSh than ever. While the crowd an
preciated this, the ever present fear of
manipulation made them slow to press
IneSe convictions. Weather conditions are
IaVoraDIe TO the movement and to grad
4uB. me receipts included Is cars of con-
tract quality and 81 cars Were made on
SATURDAY. Receipts were moderate and
1hdlcatIons point to increased movement
from Illinois within the next two weeks
The demand for export and for domestic
use IS at standstiH and manufacturers
OF corn products report trade very slow
particularly from the South The earIv
weakness in futures was checked by-
Armour & Co, and during the day this
interest was on both sides of the market
apparently with the intention of confirming
the range 10 narrow limits. We feel the
situation warrants moderate sales of July
on buiges; Liverpool closed unchanged,
held steady by light shipments.
Oats-The market was practically with
out feature throughout the session There
was selling during the forenoon on bet
Ter weather conditions for spring work
This was led by houses with Northwest
q iTrY1f ~ rnfaaf
was rejected here late in the session. De-
mand is poor. Low grade oats in the
sample market were weak and from 10
112c per buShel lower.
OConnOr & Van BeTgen's stock letter
says:
Under the influence of a higher range in
London prices and accumulation of buy
ing orders over Sunday our market Open-
ed strong, with mark-d advances in the
most active speculative issues, with Atch-
1SOn, st. Paul PENNSYLVANIA and Traction
STOCKS the chief features. After the first
hour the market became reactionary and
the volume Of business materially less
ened, and declines were general though
not important, except in a few instances
notably in Gas. which was weak on the
rear that the Remsen bill would be vetoed
AT the declines extreme dullness set in and
While undertOne was fairly firm Specula-
ton heSitated with demand small hut
few stocks were Offering. Incidents in
the days news were the engagement of
$1,O00,000 gold for export a rather moor
showing. Of domestic exports for March
and decision against the state of Mime
sofa in the Northern Securities case. In
the last half hour decided strength. with
increasing activity in Brooklyn, Started a
sharp rally throughout the list, and the
close was strong and active with net
advances general.
J. G. Geraghty & Co.'S correspondents
say Of stocks:
Logan & Bryan-There are rumors of a.
pool formed in London on Atchison stock
IN connection with a pool On this side.
! our market has ruled firm to strong but
dull The point is out that Atchison Will
sell at 80. The fractions have ruled very
firm, holding the center of the stage in
the New York market. Money continues
very easy, and no doubt much Of the
guinness is caused by uncertainty regard
ing the government crop report. The
immediate future of the market will de-
pend on this report. and we believe stock
a purchase If we get any kind of a SET
Walker Bros.-The market was active
ana strong. There was heavy buying in
the good stocks and shorts were forced
to cover. There was no news of i'm
portance, but the general feeling was
much better and traders took the bull
side In the afternoon there were further
advances, and the feature was the strength
In fractions. They were bid up and
showed signs Of further advances The
closing was at the top, with sentiment
bullish.