The Saint Paul globe., 1904-11-01
What the Brokers Say

Wndt the brokers say
NJ Doran &, Co.'S Chicago grain letter:
Wheat-The selling of the past few
days is proving something of burden
to the market The tone was decidedly
heavy throughout the session, barring a
brief reaction on smaller increase in
visible than anticipated and on uncon-
Hrmed war rumors. December was the
weaker. selling on parity with May
Gables We're lower. Worlds shipments
exceeded estimates, equaling last week s
totals. Russia was an unusually heavy
contributor, clearing 6,144 GOO bu. Conti-
was reported slow The tone in the
Northwest was weak, rejecting cash de-
mand and fine weather for movement.
Ine latter, however, has not improved
with the change in weather according to
our advices from country elevators. Va
5ous points in Kansas complain of drouth
sJnd HeSSian fly. The marketing of wheat
In Kansas has been unusually heavy and
the amount remaining is correspondingly
light. Liverpool closed 5sd to %d lower.
Estimated receipts tomorrow, 131 cars.
Corn was a dull market, but ruled
firm after early break on fine weather
throughout the belt and in sympathy with
the weakness in wheat. Cables were
firm. Country acceptances of the new
crop were little more liberal, Is cars of
this description were in here today and
sold at from 43c to 49c. Sample market
was full 1c a bu lower and bids for
shipment for the first half of November
We're 612c over December C. /. f. Buffalo.
demand and glucose works finding diff
Guilty IN running to full capacity. Liver
pool was unchanged to 1sd lower.
Oats-December We're easy COMPARED
with May, for which a good demand de-
Veloped on breaks. Sample market was
Ae to &c lower Estimated receipts, 1856.
PROVISIONS were about as dull as 3 is
possible ana have market. Tp = pit
sentiment was affected by larger lfln of
hogs than anticipated, and SC to 10c drop
600 -
o.Connor & Van Bergen's New York
Watson & Co.-The market has had
TO Withstand quite an extensive amount
of profit taking today, due in part to a
KIND OF political scare. the first we have
been treated to SO far. The reduction of
the odds from to l last week to to /
To-Day attracted considerable attention and
comment Then we have had rumors of
1urtner trouble developing abroad in con-
nection with the Russian North sea af-
Ialr. This, although without the slightest
ioundatlon, helped to increase the uneas-
mess That the large interests who have
peen supporting the market for some
time are showing a little hesitancy
Whether due to uncertainty of political
outcome or other cause it is hard to saw.
IS Undoubtedly true. Then the New York
Hhahclal papers We're a shade more con-
s&eTVative SCI this morning. Taking 1t all in
an, the day has been an unsettled one
viewed from speculative standpoint
Whle the large sums of gold engaged for
EXPORT geXport have not served to help matters
x
prise to Wall street. few expecting it. in
1act nearly everybody looked for an en-
Itluslastlc upward movement. The news
mas not, however. been at all favorable
and the market result is therefore but
Van Emburgh & Atterbury-The market
failed to meet the expectations of a broa Il
and strong opening this morning and
stocks We're in free supply at or about
Saturdays closing prices which more
than filed the demand. AS limited or
derS to sell Were made at market prices
yielded and the tone was uncertain in
The first hour The declining Tendency
brought in fresh selling, the tone be-
came weak and continued so throughout
the day. The really sharp declines NAV he
attiouted to the markets heavily over
bought condition at the close of the week.
large engagements of gold and a dispo-
sItlon Tor the first time to regard the
electlon as a possible element of dis
turbance were of unfavorable influence on
sentiment, already unsettled by the early
heaVlness. The market closed weak with