The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-07
MARKET IN SUSPENSE
Traders in Stocks Await De ci
sion of Securities Case.

The market showed more activity
during the first hours of trading than
for some days, but weakness developed
and continued during the session. The
closing in most cases was at the low.
est points of the day. Reports that the
Northern Securities decision will be
handed down Monday was an influence
ing factor in the market. Wheat was
stronger on account of advance In LlV-
erpool cables resulting from Argentine
strike.
What the Brokers Say.
M. Doran & Co.'S Chicago grain let
ter says:
Wheat-The advance in Liverpool
cables, based on lighter Argentine Of
ferings, started our market strong. Bad
crop reports from winter wheat belt
and from Odessa made the days high
prices The forecast for rain or snow
in the Southwest checked the advance,
and professional short selling brought
about sharp slump. AS the same
forecast which predicts rain says,
"Cold and fair weather Sunday" it is
not likely the precipitation will amount
to much. To do any good, we need a
soaking rain Indications are that
April government report will show
about lowest winter wheat condition
on record. Local operators were
spreading old and new July, buying
former Liverpool closed &c to 1ac
higher.
Corn-There was not much feature to
trade in corn. The crowd was against
values, and local professionals led the
pounding. In the end, however, prices
had lost nothing, and the close was
firm. Liverpool cables were easier on
larger receipts. In a week or ten days
we look for falling off in receipts.
viz firm ,iUnrnOOl closed
@8d lower.
Oats-The pit was quiet and trade
dull. Prices followed the other grains
In an Indifferent and small way.
]. c. Geraghty & Co.'S correspondents
say of stocks:
Paine, Weber & Co.-Prices sagged
on comparatively light selling. There
was no news Of Importance to either
help or depresS the market. Amalga-
mated led a slight reaction in Copper
share prices. The bank statement was
not quite as good as expected. We see
nothing to encourage any one to trade
on either side of the market until 1T is
known what the Northern Securities
decision is to be. Later we shall prob
ably have an active market.
Walker Bros.-The market showed
more activity during first hours of
trading than for some days. Weakness
developed after the opening and con-
tinued during the session, closing in
most cases at lowest point Of the day.
There seemed to be no effort to rally
the market. There appeared to be some
liquidation, and with not encouraging
bank statement, there was little sup
port anywhere at the close.
O'Connor & Van Bergen's CORE
spondents say of stocks:
Probability Of Northern Securities
decision being rendered Monday, and
persistent reports that it will be, has
been the one influencing factor in the
market. It will be a great relief to
financial interests when this matter
has passed into history. The consen-
sus of opinion is that we will then wit
ness period of some activity and very
likely advancing prices. The uncer-
g. tainties hanging over the situation keep
prices at the present low range, has en-
abled men with cash and nerve to ac-
cumulate cheap stocks. This and the
sold-out and oversold condition Of the
market makes the technical position
comparatively safe. News from abroad
and from war centers contain nothing
new or of interest. The bank state
ment was about as expected, and had
no effect one way or the other.