The Saint Paul globe., 1904-12-16
SPECULATIVE GOSSIP

Chicago-We have had a pretty liberal
movement Of corn for the last three or
four weeks and the export demand has
seemed to absorb it and want more. 1t
looks to me as though this export demand
was going to be very large and that It
would take cash corn as fast as 1t ar
rives. l believe that May corn is low
enough and should be bought right now,
and if it should happen to sell a little
lower buy more. and hold right to 1t.
Chfcago-Daggett and Kempner good
on the up turn and put May wheat Sill
Commission houses have sold considerably
over million around Sl:lO19, but the
market took it well and only receded 1ze.
and better cash demand.
St Louis-CoarSe grain handlers say
there is active feeding demand and that
farmers are not disposed to part with their
corn at these prices. Mr.. Martin, of
Graham & CO., local receivers, says they
are shipping corn to Missouri points that
last year shipped to them
A Liverpool house cables: "Wheat clos
ed firm Yesterday and rules quiet and
steady this morning, with no speculation.
Corn Is firm with an upward tendency.
Continental demand is maintained. The
Roumanian government is buying corn
New York-The produce exchange pr1-
vate cable says weather in the wheat dis
trict of Argentine "a hours ending a. M.
Chicago-Bartlett a good buyer of May
corn Robson and Updike selling May
December rather neglected. Local crown
getting i long on May. aa o,d Looks to me as
Chieago-There is an impression Ar
mour is now selling wheat through com
mission houses and that they supplied the
market at 81. ION. Valentine was an open
seller at $1.10s. Trade is also beginning
to consider the official Russian crop re-
port indicating 43.o0O,000 bushels more
wheat than the large crop a year ago
ST. Louis-Fair demand for all grades of
cash wheat. Elevator houses took some
of the choice wheat. Millers fair buyers
Total sales by sample. 10000 bushels.
millers meeting here yesterday it develop
ed that they have stocks of wheat on hand
for only twenty-one days.
New York-When Steel Preferred was
ing his friends that United States Steel
preferred was high enough for the time
being. He is now advising its purchase
1 believe this is good advice and you
New York-Markef looks to me as
though it was in better shape this morn
ing than any time since the depression set
in. I think good stocks will have very
little set back, and On any small declines
should be bought. Don't think as much
attention Will be paid to Lawson, and the
right people are under the market. Read
ing and Baltimore & Ohio are very well
spoken of.
New York-It is generally believed that
the election OF J; B. Mcdonald as di-
ISClOE Oh means IHdl the 1dl-
ter company will build and control new
subway. Mcdonald built the present un-
derground road and only recently re-
signed from the Interborough company.
New York-Believe the story of Green
Copper being sold is correct. Think Col.
Greene's holdings have been bought by a
party closely connected with Rogers and
Rockefeller.
New York-It is believed that certain big
interests are opposed to any big move
ment just yet: Their policy is to buy
stocks only when the market is weak,
and it is pretty safe to buy on declines
of / to 2 points from the present level.
Do not buy them on strong spots.
New Yerk-Reading common stock is so
closely held and the floating supply so
small that it is easily manipulated, there
of this stock
New York-The report that Lawson has
been called off has been in circulation this
morning, but 1t seems to be disproved by
new telegram from Boston again advis-
ing the sale of A. c. p