The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-25


OF the subsidiary companies OF the steel
corporation mad estimated the earnings for
The quarter would be over S2e, 600 0oo-
caused heavy buying OF steel stocks. The
list was apaIhetlc, but showed a fair de-
gree ~ strength Wheat prices failed TO
recover from break at opening.
What the Brokers Say
" Deran & Cos Chicago grain letter
SAYS
Wheat prices received a hard knock at
Openng-from which they failed TO recover.
There was nothing Of a distinctly bullisil
character II news Liverpool Slumped
badly on realizing on Friday. Modern
Miller and Snow reports and talk OF in
creased Indian shipment Continental
markets al higher with exception OF Ant
WeFIl- which was = lower The weak
dltlons here ana increasing receipts led
many holders 10 throw over wheat. The
Southwest and local professionals were
HE best sellers. Secretary Rogers. of
the Minneapolis Chamber of Commerce
estimates yield IN the three principal
spring wheat states at IS bu. with some
REDUCTION probable by threShiug time.
There were II cars Of new wheat received
here which graded very We'll: l. were No
red ana l9 We're No , hard. Worlds
shipments Monday estimated 5000 06e.
small decrease. With continued good
weather and a fulhllmsnT OF present prom
lSe OF liberal receipts next week prices
VIII probably work lower. However, IL
would be well 10 be conservative on short
side until spring WHEAT crop Is assured.
Liverpool closed = 70 Id lower; Buda-
pest. : up; Berlin 5 up, and Paris, IL
to ~ higher.
Corn-Fhe market was easier. but prov
81 10 be rather stubborn on decline. The
september appeared TO be pesged at 20.
The bull interest was thought TO be an
early seller OF this option Receints so
cars. under estimate The weather is a
little cool, Out cannot be construed as IN
favorable Nebraska afiYieeS suggest
Tree movement during August; Liverpool
4 lower AT close.
Oats-The trade was small and unfrn-
porCanJ- with ali options a trife easier.
Iowa and Nebraska crop reports were
particularly good Fair Yields reported
through Central Illinois with some talk
OF rust There were a good many cars OF
new cats OF excellent quality on sample
able
O'Conner * Van Bergen's correspond
ant says OF stocks:
Fae market opened very quiet and with
out feature excepting m Brooklyn and
Steel preferred The former with good
buying on behalf in the permanent char
acter o. It's reported heavy increaS ed
earnings the latter somewhat active on
statement II one OF the local NEWSPAPERS
that the last quarter viii show earnings of
N-v-aet-bpu- Extreme heaFIneSS prevailed
during the first hour. but without sell
ing pressure anywhere Steel preferred
maintaining its leadership with a firm
tone No change in conditions up to the
close which was dull and firm. with more
OF less activity In SSeel preferred alone
j. g GeTagrty < Co.'S correspondents
say OF stocks
Randolpt-Fhe announcement that the
presidents OF the different subsidiary COM
panIes OF the Steel corporation were in
session II PittSburg and that their esti-
mates showed thar earnings for the quar-
ter would be over S2e, e3a. e6e. which IS in
excess OF any estimates Vet made caused
quite heavy buying OF the Steel stocks.
under which they advanced to the highest
prices reached on this movement The
rest OF the list has been apat1etic. but
mas shown fair degree of strength In
the early dealings the tendency has been
Tor the market 10 advance On the pub
HcatIon OF the bank statement the trad
eTS took profits. causing fractional reac-
tons. but there was no weakness apparent
anywhere. The close was dull and steady
Dick Bros--The market has been very
QuA- nut quite firm today, with Steel pre-
TERED again the strong feature. The bet
ter foreign situation was an influence. The
b. baIlk statement was favoTa Bile bur was
not much considered. Pittsb1lrg advices
telling OF Improvement ACCOMPANIED me
buying OF Steel preferred. which was
rat Their heavy. Railroad stocks made sns II
gains The close was firm