The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-15
WINTRY WEATHER
CAUSES ADVANCE
Snow and Rain Make Wheat
Market a Decidedly Bull.
ish Affair.

The following grain and stock letters
were. received yesterday by st. Paul COM
mission brokers:
NJ. Doran & Co.'S Chicago grain letter
says:
Wheat-The crop damage reports came
in in great profusiOn from the Ohio valley
the extreme Southwest, the Northwest
and from Manitoba. Some of them are
so sensational as to be promptly dis
credited, especially as there was no nOta-
ole increase in the number of country
orders. 1t is a question of winter killing
and low condition in the Ohio valley. In
the Southwest there is no moisture, and
the weather in the Northwest has again
taken or Wintry aspect. Private ad-
vices are of heavy SnOWStOrms through
Minnesota and North Dakota. Semi-Of-
fetal reports from Manitoba suggest seed
ing will be unusually backward as the
fields are still covered with snow and ice
Northwestern markets are strong, particu-
Iarly Minneapolis. and Kansas City was
up relatively more than Chicago. The
September option was strongest, and the
short interest in it is believed to be great
er than in any Of the others. There were
some rumOrs Of better cash demand from
minneapolis, but there was little doing
mere. If the country backs up the re-
ports which 1t is sending in We are likely
TO run into crop scare market.
Corn-The market exhibited consider
able strength, ruling at one time material
" higher The chief sources of strength
were early manipuiations of Armour and
strength in wheat The bull interest was
dEllNc III tD6 DlQQl0S IOF May IN Dig
lots. but late in the day selling was con-
siderable in July. It was also chief buy
er of cash corn, bidding that market up
from l to cents a bushel.
Oats-There was little feature to trade
and pit spectators operated on the basis
of fluctuations in wheat. The Price Cur
rent reports season one to two weeks
late on account Of wet weather. The
cash market is firm and 15c higher
J. c. Geraghty & Co.'s correspondents
say of stocks:
e O,,, ,,,1r,1>ot
fractionally higher and maintained a fair
show of strength during the first hour
but declined on adviceS from st. Paul
that no decision would be handed down in
the Hartman case but that a written
opinion might be looked for Friday The
market has ruled very narrow and de-
clines caused by professional room ele-
ment trying to force setback. st. Paul
was well bought during the early part of
the session, but eaSed off with the gen
eraI list. Money conditions are unchang-
ed We do not look for much activity
in the market pending the decision in the
Hartman suit. 1t is possible the profess
SIOnaI element may succeed in bringing
about some little liquidation, but we be-
lieVe that stocks viii ultimately sell high
er on their merits and advise purchases
when weak.
Dick Bros-The market showed some
strength after the opening, but 1t did not
last long. The market turned heavy and
declined slowly but steadily during the
rest of the day Closing was weak, at
no news Of Importance and the selling
was not easily explained. The activity
OF one house on the selling side was
much commented upon, particularly be-
cause Of it's Vanderbilt connections. The
weak closing seemed to indicate a weak
opening tomorrow.
O'Connor & Van Bergens stock letter
says:
The market opened quiet and irregular,
with undertone uncertain, but after some
hesitancy prices advanced with general
m q nan of csfo
The advance in Consolidated Gas on
shorts covering and market strength in
St. Paul were features of early Specu-
latfon. The volume of business, how
ever, was not sufficient to maintain the
Improvement, and on cessation in demand
the market again became reactionary, car
Tylng prices generally well below
Wednesday nights closing figures. AT
the low level business became exceed
ingly dull, with sagging tendency
throughout the afternoon. and the close
was dull and barely steady at the lowest
of the day, with net declines generally
within per cent as result of the days
business.