The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-30
What the Brokers Say

ing.
What the Brokers Say
NJ. Doran e. Co.'S Chicago grain letter:
Wheat was weak on a local professional
trade and trend of prices at other cen
Times 70 cnntrihta bIiW e1 efa ti,,o ~
milling demand and prospective move
ment and there can be no doubt but what
WINTER " u f wheat position is a strong one
crop has already been marketed Cables
about met our advance of, yesterday and
called attention to the shortage in Aus
tralian crop and estimated France will i'm
port 100000 bushels. The cash demand
for spring wheat was reported poor in
deed, but flour news was little more
optimistic. The output at Minneapolis last
week was 10000 barrels larger than pre-
VlouS period and the Northwestern Miller
reports an Improvement in domestic de-
mand. winnipeg reports largest milling
company in Canada buying all the cash
wheat available. Liverpool closed sd high
er and Paris advanced 21ac. Estimated re-
ce1ptS tomorrow, SO cars.
Corn was firm at moderate recession
until last half hour, when prices Slumped
in sympathy with wheat. Trade small and
largely local and the most conspicuous
transactions were IN nature OF spreads be-
w cen December and May. Receipts conf,
pared with a year ago are light. Country
aeceptances of new crop were reported lib
eral. The Price Current records favor
able week for maturing of crop and states
the position to be better. Cash inquiry was
slack and sample market unchanged.
Weather conditions today and those fore
cast for tomorrow are favorable. Liver
pool closed unchanged to IA higher. Els
tlmated receipts tomorrow, 119 cars.
oats were quiet and firm with some
recession near the close. There was fair
local buying of May, presumably covering
quite so heavy. The sample market was
121 cars
Provisions-The buying of October lard
and selling of January sent the former
to 1212c premium and this was the fea-.
5ure of f.; rather quiet market Packers
and ribs were strong. while pork was a
little easier. The selling was chiefly for
commission house holders. Estimated
hogs for tomorrow. 10000.
vices: "si'' * " ; view orh 80 az
Logan & Bryan-There is some little
tendency toward reaction today. 1t is
not marked in any quarter and represents
only scattered liquidation. 1t is a natural
result of the, markets of the past few
days The advance in some of the active
issues. notably steel has been sharp, and
some stocks had accumulated in the hands
OF nervous holders. 1t does not reflect any
change in general conditions or any indi-
cation OF reversal Of market tendency.
Conditions and developments of every
character are. favorable. We can see
nothing threatening in the. situation.
Fundamental conditions are healthy and
publish, and will, We think, ultimately dis
play their effects in materially higher
prices. - :
Dick Bros.-Market has been heavy and
reactionary all day. although there have
been some decidedly strong issues, par
tlcularly the coalers. All of the western
railroad issues We're steadily sold and for
me first time in several days United
States Steel stocks turned reactionary.
was largely profit taking. The strong
stocks We're Reading, D. & III, 5. & %
{. & o. and some of the specialties Note
worthy weakness was shown by Steel pre-
1erred and AtchiSon. A rally in the last
hour cut down the losses. but the closing
, was heavy IN tone. Heavy losses in cash
bank statement on Saturday. :
OConnor & Van Bergen's stock letters:
The market has seemed rather full of
stocks this afternoon, in spite of the sem
sational movement in the highspriced an
thraclte issues. On all rallies the supply
was was: good. and; although speculative
cliqueS were bidders where 1t could be
done cheapiy, the general selling has had
much better appearance than the buy
i M bull pool in G.. & o; is reported TO
be buying the stock; one Of the most ac-
tive Of the Philadelphia houses is out with
b9I circular on it's merits. which. are
City is attributed by the gossip to Pres
ident Lowry being here. -
London prices showed advances over
tions We're materially higher and with a
very active volume of business The high
prices, however; were. as a rule the first
ones: and a flood of liquidation caused re-
cesSlonS all along the line. The; market
yielded. but without weakness, and de cir
ing tendency was checked by agpressiIe
strength in ST. Paul United States Steel
preferred was again the most. actiVe;S but
II lost over l per cent in the morning
hours on very heavy realizing After
the first hour the volume of business. fell
away and speculation became quiet with
price changes Irregular, but with under
tone strong, The: continued heavy loss
In cash by the banks this week presages
another bad bank statement SatIr(jSp-
and speculative temper hesitated with
some nervousness over. the continued adj
vance without material reaction. In ff5e
early afternoon sharp advances in Lackas
wanna, Delaware & Hudson and Reading
to new high points were without anna rent
influence on the rest of the market. ana
traders sold and offered wherever the de-
nand seemed lightest. with only moderafe
declines resulting, and with increased duh
ness on the recessions. In the last hour
the market hardened with few stocks
pressing, and a slow but material inn
provement until the close. leaving prices
irregular with fractional decline the rule,
but the undertone firm . ), .}..-s 49,