The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-30
ESTABLISHED 1880
TlERNEY & COMPANY, ST. PAUL.
Car s 81: 81? lots HAY ovo ~s55s
BULLISH REPORTS
CAUSE ADVANCE
Upward Movement in Wheat
Continues-StoCk Market
Remains Very Dull.

The following grain and stock letters
were wired yesterday 10 st. Paul brokers
BY their New York and Chicago CORE
spondents:
NJ Doran & Co.'S Chicago grain letter
Wheat-May wheat sold in the nineties
again The market was strong on buy
ing By St Louis and by some of the Drin-
clpaL professionals. The buLish private
aQElces from Indiana, Ohio and Michigan
Wnlch nave been so effective Of late were
Eolched for by Snow and the Modern
Miller reports. The former places con-
dlu0nS slightly lower in Illinois Mis-
souri, and Kansas. Good progress Is being
MADE with spring wheat seeding. except
ing IN the Red river valley. where work
: seriously backward. Cold. Wet weat Their
ASs DELAYED termination. Receipts every
W4Vre We're exceedingly light the total
lVL-S puL les, goo bu against $50 600 bII
-a1l year Duluth reports a better -four
demand The weather was perfect
Corn-COrn was affected more nv fine ac-
--Lu O wheat and oats than by any de-
NeIopInents IN the situation Trade was
5aILalL ana the tone duh. The labor trou-
yles On the lake steamers threaten to de-
la4 shipments for some time which Is to
oe construed as beaTtSh. The weather
was favorable for movement throughout
CI5 bVLt. out receipts at primary points
are small. being but pa. 900 bu. c0n3nareI
with a. 600 bu last season. The cash
market showed no change
nc OlQ crop futures. Which in
C-uCeS me july, were strong on the ca Sh
situation. while the September was easier
On better character of the crOD FepOrtS
lash oats commanded premium over
May ana there was fair trade at times
III April The East bought more freely
ana The local sample market was strong
at 1c bushel higher. It is expected me
oalS delivered on Monday viii be taken
and paid for. and viii not in any wav.
therefore. become a burden on the mar
keI- FROM reports, seeding is practica IIv
IlnlShed except in the northern part Of
me belt The soil is fairly good and with
warm weather. rapid progress viii be
made We have faith in future Of old
crop options and believe purchases should
De made on all TecessiOns.
!. c. CfeTa ghty & Cos cOrresDOndpn+s
say Of stocks.
Logan & Bryan-There was very little
cla1Se IN prices, perhaps on the whole
the average was a shade lower. Dizziness
: the pronounced feature. So far as the
action Of the market is concerned this
fundamentally unfavOrable condition seems
neuUFalized by the fact that stocks are
in strong hands and there is very little
selling pressure. The market is still with
out tendency.
Walker Bros-Thc market was a repe-
rILICn of Thursdays as far as duIIneSS wa 6
concerned and comment on it is diff
cult There was decidedly easier tone.
and prices declined fractiOnaLy, but the
trading was largely confined TO the pro
reSSlOnal element. Bonds continue firm
and there is decided Improvement in the
demand.
Dick Bros-The market has again been
duh. but has been generally heavy. and
leading railroad shares dropped down east
II under light pressure. The closing was
heavy. with stocks at practically their
lowest prices. An unfavOrable bank state
ment is expected Saturday. although the
net loss in cash doesn't seem to be large.
OConnOr < Van Bergen's stock letter
SAYS.
The engagement Of a large amount of
additional gold for export had no per-
ceptible effect on prices. The days fluc-
ruatiOns were irregular, and had no sig
uificance whatever. Little public inter
est was manifested, what trading being
done was Of the same professional char
acter We have had for some time past
The buying Of better class of high priced
industrials is in line with the same gen
eral reasons given for increased activity
in bonds. In spite Of some $4,000 900 loss
in cash by the banks to the subtreasury,
gains from the interior have nearly cOun-
CerbaIanced it. 50 that barring some IN
eXpeCtedly large increase in the loan ac-
count. the statement Saturday should
show no marked changes. Foreigners con-
tinue TO evidence a cheerful feeling to-
ward our securities. but they are doing
little. The consensus Of best opinion is
to the effect that the sending out OF the
country of Panama money viii have no
disturbing effect. and also there IS little
doubt that a large part Of 1t has already
been sent.