The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-28
What the Brokers Say
[. Doran & Co.'s grain letter:

NJ. Doran & Co.'s grain letter:
Wheat-Good early buying, attrib-
uted to an influential local interest
gave a bull turn to flour sentiment,
and sharp advance. The trading was
on sentiment thus created rather than
on news, which was in rather scant
supply. With the advance the smaller
receipts and the unsettled weather
predicted for the Northwest attracted
attention, the latter being counted
upon to curtail arrivals. A rumor
was also circulated the last hour that
mistake had been made in Brad
streets figures, which should show a
decrease of 100000 instead of in
crease of 100000. This was never
confirmed. Northwest dispatches in
dictate the farmer is selling his wheat
freely and opinion is expressed by
we'll informed party that the crop will
be7marketed this fall. We doubt very
much if the demand will be equal to
meet the influx of receipts during the
next sixty days, and in consequence
look for lower prices for the May. Liv-
efpool was SD lower at the close. Es-
timated receipts tomorrow, 81 cars.
Corn of itself was heavy, but the
continued strength in wheat Influenced
pit sentiment and maintained values.
The news was without feature Ca
bles were inconsequential, excepting
as export bids reflected the absence
of any very urgent demand for Amer
lean corn. Prices today were several
cents out of line and at the same time
domestic inquiry was poor. The gov
eminent weekly bulletin claims no ma
terial frost damage and this report
and private advices are unit on the
rapid maturing of the crop west of the
Missouri river. The official organ re-
ports some backwardness in the Ohio
valley on account of cold weather and
estimates one to two weeks are requir-
ed for ripening. The May, we think,
sale, and if hedge is desired, we sug-
gest a purchase of May oats. Liver
pool is unchanged to I'D lower at
close Estimated cars, 1875.
Oats-The market was dull and
draggy with pressure from cash
sources. The strength in wheat was
only fractionally reflected. Export
bids lowered &c and are about 1 1sc
per bu from a working basis. Esti-
mated receipts, 145 cars.
Provisions-Lard led the provision
list in strength. There was a good ad-
vance for the October product, which
reflects good demand for cash, espe-
cially, for export to Germany Estimat-
ed hogs, q, 900 head.
j. c. Geraghty & Co.'s New York
stock a6vices:
Logan & Bryan-The market con-
liiiuCo IFS upWdro movement. Inc
pace is little more uniform and on
the whole a little faster than it has
been but it is just as unmistakable
1t is by no means yet a big market
but the tendency is toward an in
creased activity. The conditions of un-
certainty that have attended the sum-
mer with the making and maturing
OF the crops have passed. Not much
modlhcation will now take place. The
outlook for the coming year is in our
judgment an extremely favorable one.
production has been curtailed while
consumption has not. No reason why
consumption for the coming year
should not be at the maximum rate
and production and distribution must
make good the losses of the past year.
Financial conditions are of the sound
est. Our judgment is that we are
moving rapidly now into a period of
activity in general business and pc
ried of great activity in the stock mar
ket. The proportions are not high and
the dividend payers are still attractive
on their present basis. We think stocks
should be bought
Dick Bros.-The market has been
decidedly strong again today, with
substantial advances scored in prac-
ticaily all of the leading shares. These
advances were not fully maintained as
the market become sluggish in the
afternoon ana was reactlOnary in the
last hour, closing rather heavy. There
was no important news. The tone Of
the market was good.
O'Connor & Van Bergen's letter
says:
The market was dull and inclined to
hesitate early. The morning buying
seemed to have exhausted itself, and
traders found the market in several
active stocks contracted to nothing on
any attempt to realize in quantity.
Chicago houses bought Peoples Gas
moderately, the advance disclosing
furthermore short interest in the stock
than was expected in a stock which
has been SO dull. Bull talk on Sugar
is said to come from lower Wall
street. Traders think there is good
selling Of Amalgamated Copper on
any, attempt to advance the price.
Strength and activity characterized
the stock market throughout the
greater part of the day. Trading was
on a Broader basis and the, improve
,nent III prices was general, "a larger
number of issues showing more evil
dence or speculative interest than for
q long. time. While Steels. especially
the preferred. and Atchison continued
as.leaders. Pennsylvania, Union Pa
ciHS sugar and Reading were very
active and. at substantial advances
Metropolitan and metropolitan Sc
GurltieS, after early weakness and