The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-06
ALL MARKETS TAKE
BIG Squirt FORWARD
Wheat Leads With Good Gain
Over Friday-Stocks Are
Strong

The following grain ard stock letters
were wired yesterday to St Paul brokers
by their New York and Chicago CORE
spondents:
N. DoTan & Co.'S Chicago grain letter
says;
Nheat-There was a surprising Unaninl-
-iJy in the character OF general news. for
eign and domestic. and a complete re-
VeTSal in sentiment since Friday. With
10 material increase In the general out
side trade. prices made big gains. This
was true not only here. but at all for
eign centers and in our own Northwest
and Southwest markets. The strength in
cables the Wet harvesting weather since
Friday and bullish foreign statistical
items We're accountable for the extreme
opening bulge, and when our prices were
inclined 10 sag OF. the strength at outside
points came TO our support carrying
values 10 the days high point Buying
for Northwest account was the conspicu-
Gus feature Foreign advances were baS-
ed on the reduced crop estimates and
small worlds ShipmenIS~ with a sharp
falling of III supplies from Russia, Ar
gentine and America Rains in the
Southwest are delaying harvesting.
COrn-Ihe market started on slow and
independent OF the strength in wheat,
but II gradually caught something OF the
feeling prevailing in the neighboring pit.
The nrmneSS with which cash corn is
held by the bull party made rather tight
market IN July, which was strong relative
20 September. The latter month felt the
effect OF The not altogether satisfactory
CrCp advices. In Southern Nebraska and
Central Iowa the crop Is tate. but clean.
More attention Is being paid 10 crop adj
vices and Il seems quite evident the sit
uation leaves much TO be desired es-
peciaiiy IN the way OF warmth. The de-
m2nd IS slowly improving. while the move
mint OF contract corn from private houses
Is not fully up TO the expectations The
cash market is steady 10 1Hc higher
Oats-There was little change in values
IN The morning trade. and not until corn
began 10 move up did this market re-
IN frafli
elsewhere. ana then only moderately. The
sample market Is easier.
J. c. Gerashty < Co.'S correspondents
say OF stocks:
Logan K Bryan-The market is acting
we'll Il is bringing out in every re-
SpecU OUT contention OF the last three
weeks. General interest in it Is increas-
ing The buying of stocks is. of. course.
conservative. but il is as We predicted it
would be. being forced by idle money. a
most favorable business outlook for the
future ana the attractive prices OF good
stocks which the market affords There
are no more stocks for sale apparently
now Than before the Improvement began.
Inc stock market IS a big affair and large
bodies move slowly. We are still of the
view that the market is a large body al
ready in motion and that it win get an
increasing impetus.
Walker Bros.-The market was strong
and more active than il has been for some
time All stocks advanced and the buy
ing seemed TO be OF good character. Many
or the inactive stocks were traded in and
the market on the whole showed marked
Improvement The market continued
strong until the close with better feeling
and shorts becoming very scared.
O'ConnOr & Van Bergen's stock letter
says:
Influenced by the rather unexpectedly
large increase in condition OF cotton OF
some . points above Nav % and contin-
uation OF same class OF buying so notable
last week trading has not only been more
active. stocks being taken in larger
amounts. but the tendency of the whole
list Is significantly towards higher prices.
The latter fact Is beginning 10 attract at
tenuon. and unless something unforeseen
occurs To check matters the movement
should gain fresh impetus when doubtless
the public viii again take hand TO help
the upward swing. Union Pacific and
Southern Pacific have been leaders in the
list accompanied as usual by stories OF
increased dividend and favorable eSti-
mates OF future earnings London has
paid particular attention TO these two
stocks. even after their market closed on
the curb. where the buying. especially of
Union Pacific was said TO be of the most
excellent character. The long accunula-
ton both OF Metropolitan and Ontario &
Western has been one of the suggestive
features OF the market. one block of 5 600
shares Of the latter being bought by par
ties who IL is said are very close to pep
pie in touch with the management