The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-24
What the Brokers Say


What the Brokers Say
NJ Doran & Co.'S Chicago grain letter:
Wheat-The advance in the December
and the accompanying rumors of manipu-
lation were easily the features of the
session. The strength became CONTAGIOUS
towards the close and all options made a
rapid advance the last hour. The early
steadiness was on the strength of the out
side markets and the builish cash and
flour advices. Later foreign news play
ed very important part. The morning
cable reported the continent a buyer of
cargoes and talk of locusts in the Santa
al. The French import duty, it is ru-
mored, will be reduced, and this more
man anything else was an incentive to
the late buying. The Duluth CONNER
cial Record estimates the crop in the
three states at 156, 200, 900, but the quality
Is such that shortage for milling pur-
poses viii be from S0,000,000 to 35. 000. 900
bushels. Spring wheat movement still
increases and there is every indication
that 1t will become liberal. Country adj
wees suggest that producers are willing
or rolling stock. Liverpool closed I'D
nligher. Estimated cars tomorrow 119.
,CoIn-Corn closed with a fractional ad-
vance, after ruling weak and heavy up
to the last hour During the forenoon
holders became discouraged and sold free
~. and the decline was helped along by
was entirely on heavy buying by bull in,
teTeSt Weather conditions quite favor
able Cash demand slack Export bids
are ar5 ssevsFal cents a bushel out of line
aIld lndlHerence of foreign buyers is ex-
Pialned by liberal Argentine SHIPMENTS
rs IIlmated receipts tomorrow, 2O4 cars.
OatS-Ihe weakness was pronounced all
Gay, the market showing but little re-
operative power. Hedging sales are still
feature and early corn weakness xva G
a sympathetic influence. Cash mar,.at
t mSs weak 10 TO 1sc lower Estimated cars
Provisions-.The market was. steady for
January product and strong with mod
e eontine m Sa for October The latter
1mand. and one packer is said to have
bboought in the last three DAYS 9 o0O .
m 1o9 pounds ,Iods of dried salt meats EST
c. Geraghty & Co.'s stock advices.
logan q Bryan-The market was quite
o af and hesitat ting during the early mart
turn oeg cay Efyo but in the last hour it has
vance Ihere is the same absence of
a oa,t thlilg IKE general liquidation and ex-
bear t Ire inefficient efforts of the few
sure. II is estimated that the hanks
nave lost money for the week. but this
ham Id INK, De expected at this season, and the
Ihere is hardening tendency to inter
EST. rates, but it is slight and unfmpor-
t Ill; reports on the iron trade are i'm
dieate b Me can ca see nothing in it to in
to buy stock on the soft spots COMMUNE
DICK Bros.-The market has been STRONG
and andy b oeag quiet but very firm at first
We're -oearIsh fought the rise. but had No
success it There was no important news,
a 1iie ouy ing was Of generally good char
and md with Ghion pacitlc again took the lead
est price yet seen, had considerable eff
rect The closing was strong of fhe
days best prices ZIG
Paine, Weber & Co.-Today's market
was more satisfactory. Ali the Corners
Were IN better demand and the offerings
mere sne p llghf: New York seems to be buy
mand for Atlantic, but~one house had or
ders to sell 500 shares and this kent the
price down. Osceola. Mohawk and Range
advanced notably on small transa cfions
closing at the highest of the dav, 'io''''
letters: III
The trading in our. market was on a
materially reduced volume, with little OF
interest until toward noon. when some
activity and advance in Union Pacific
Led fa TO q general recovery. The advances
mand was light, and the increase in ac-
tivlty was shortlived, although prices held
ilInl. ESTIMATES of the bank statement
lndleate another loss in cash and a prob
ape decrease in loans with a COMPARE
IlVely small decrease in surplus reserve
SenoetS q 4,, settlement of the builders
foreign crop situation and reduction of
French tariff finally led to a more definite
tieho IN tradlng. and in the last hour
me market was strong with moderate
about the best of the day with NET ad-
va. OF l per cent and over in many OF
Arbitrage houses have done a small
volume or business today, probably not
amounting to over $4,000 shares ali told
Eoreieners seem rather bearish. Transac-
tlons IN our own market We're in light
volume W. to midday, smaller we think
man Tor the corresponding period at any
I'm Jlme fo 1it. some weeks A. e. P was forced
up "a, a little. put with evident effort and
was made to create the idea of a divj-
e aenS ius sr in October by bidding
Anaconda. Business was laraeIv Gov -,
fined to trading element, and Wns
y little less bearlsh. arguing that stocks
cid not sag under neglect. Buying of
phia. and. while it was good. it was not