The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-27
What the Brokers Say
N: Doran & Co.'S grain letter:

NJ Doran & Co.'S grain letter:
wheat was weak throughout the ses-
urday. We're too busy curtafling their
losses to give prices any support, and
they yielded readily to the big receipts at
winter and spring wheat points, which in
the aggregate overran the corresponding
day last year by 100000 bu. The visible
increased 100000 bu, and, though flour
OF. bulllsh items were largely foreign, but
ignored. Worlds shipments were small
compared with last week and last year.
The earlier Liverpool cables showed an
advance of sd, Esd of which was lost be-
fore the close. Private cables reported
American exporters buying back their
sales: Before advising purchase of wheat
We prefer to wait and see how the North
western receipts are going to be taken care
of. Estimated receipts tomorrow. 1862
cars.
Saturdays closing bulge was
quickly sacrificed to liquidation and pres
sure of sales by cash houses against lib
eraI country acceptances. The producer
is a steady seller and is Offering the new
crop, freely for December shipment To-
ward the close there was heavy selling by
one OF the bull houses! The pessimfstic
views and low estimates given out by two
recognized wheat authorities are over
Melgbsesai go N nod the estimate Of the trade by
me a;2so, o9O,oo9 to 2500. 100000 yields
inquired on by the September government
report, trade periodical well known for
It's ultra conservatism, and half a dozen
Oh the best known and best posted of the
local firms. A few days more of pre-
Falilng weather conditions absolutely in
sures, the maturing of the very small per
ceamntage OF crop about which there may
sun be some question in event of a hard
freeze Export bids today We're 1@2c out
OF line and there is very little INQUIRY for
STInipanent. indeed the price of oats at
Eastern points is 25c lower than corn
which forecasts increased consumption of
former 10 detriment of the demand for
!!aIIeI. Liverpool was unchanged to I'D
higher at close. Estimated receipts To-
morrow, 325 cars
Oats declined with the mornings slump
IN IN wheat and corn and then held steady.
trade was light and the market free of
pressure from any source Conditions sug
gest an improved demand because of rel
aIlVe cheapness of this cereal Estimated
receipts, 215 cars 'eo
ProVlsions-The buying of October lard
and ribs continues the feature of provi
sion trade and gives the tone to the whole
1 ND ri 6SIlmated receipts of hogs to-
chase. p % pui-
j: {. Geraghty & Co.'s New York let
Logan & Bryan-The buying of stocks
continues better than the selling There
Is very little pressure from long stocks
ana very little in the situation that we
can see to make any. There is an i'm
proving tendency to general business and
the operative forces are, we think. of a
character which will increase this ten
1 1,hnro :; Inc agricultural community every
where Is prosperous, even where the farm
erS nave but half a crop of wheat. they
are realizing as much money for If az
1hey would for big. CROP. Everything
else on the farm is in abundance and is
selling at good prices. Nothing in the
financial situation in any quarter to
threaten 11i,9 or disturb the market Stocks
still offer an inviting investment to. the
millions of idle money We see nothing
to change the tendency. INNS
DICK Bros.-The market has been fair
~ actlFe and quite strong today, although
In the late trading there were reactions
winch cut down the gains in many LEADING
stocks to small fractions. United States
Steel and AtchiSon shares were strong
features, being rather aggressively bought
Steel preferred. after selling at 20 lost
most of It's gain. Other strong shares
were ST. Pa9I, Canadian Pacific Missouri
Pacific and Sugar. The latter was helped
by. pool manipulation. Wisconsin Contra
shares was also put up in the same
T Se,St. Early rallies in Union Pacific and
both stocks turning heavy in the late
trading. Crop advices were more salts
factory There was no news of import
ance and Atchison rumors were as mvs
regular. ei "
lo.cohnor & Van Bergen's New York
Spurts of activity in special parts of
the. list. have been frequent today. with
special attention devoted to a few leaders
such as. steeis and Pennsylvania There
has been nothing new in the waysof news
affectlng either of these properties vet the
buying has had the appearance of much
Soihoeilce DIS explaining higher prices
The volume of trading has not been over
large. which caused more or less flisan-
pointment, as better business was looked
for today. Brokers with town con
nections say dealings with them have been
very dull. People are not bearish. but
think operations rather too personal to
be sincere, in fact the more eonserva tive
think it is perhaps better to hold en-
thusiasm in check pending further con
hrma ton as to the corn crop estimate
regarding which there now appears to be
Suen a diversity of opinion. !
The market was broader today and on
q more active volume of business than
for some days. Strength was FREEDOM nat
ing feature underlying the trading and AID
vances, while confined generally within
one point. were the rule Steel stocks
We're again the most conspicuous. but
Atchison, Pennsylvania, ST. Paul Mis-.
souri, Pacific and Rock Island were re-
markably firm. Toward noon the mar
ket became reactionary, though declines
from the high prices of the morning were
but fractional, and the volume of trading
materially less. The undertone however
continued firm and speculative Sentiment
was rather bullish than otherwise. Loca]
fractions, especially Metropolitan issues
which, OF late have been distinctly weak
showed sharp advances, but lost later the
greater part of their Improvement. = The
closing was quiet and irregular but with
fair degree of strength, with Sugar the
feature Of late trading with sharp adj
vance on increased activity