The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-09
WINTRY WEATHER
MAKES HIGH PRICES
Snow and Cold i'm the North.
west Causes Wheat to
Advance.

The following letters relative to the
grain and stock markets We're received
by st. Paul brokers yesterday:
NJ DOran & Co.'S Chicago grain let
ter says:
Wheat-The tone of the wheat mar
ket was strong throughout the session,
and sentiment is bullish on the Wintry
conditions prevailing all over the spring,
wheat belt Winter wheat news was
more favorable, and there was little do
ing in cash. Lower temperature and
heavy SHOWS extend as far south as
Southern Nebraska. The forecast is
for a continuance of these conditions.
Some apprehension was very naturally
aroused lest seeding be unduly delayed.
Climatic conditions favor winter wheat.
Rain was quite general. Temperatures
are pretty low west of the Mississippi.
The buying of old July has been rather
significant. The position on the whole
Is healthy. The knowledge that sales
are all short ones deters many from
pressing that side.
Corn-The market was nervous
within a narrow range. The only trad
ing was by the pit crowd, and they
were much much at sea regarding the
attitude of the bull party. Armour APP
parently left the market to care for it.
self, and the trade was inclined to
await something definite before making
very extensive engagements either way.
The wheat strength near the close was
but feebly responded to. The supply
of cash corn on the sample tables was
smaller, and prices 1@11ac higher.
OatS-Local operators were bullish
on account Of the wet weather through
out the belt and because of the strength
in wheat. Outsiders took very little
interest in the market either way
Snow reported seeding progressing IA
Torably, excepting in the bottom lands,
and a heavy acreage is going in, espe-
cially in the Ohio and Mississippi val
1eyS. Cash prices were unchanged, and
the tone Of the market dull. There were
good many off-grade oats, which were
absolutely unstable.
j. G. Geraghty & Co.'S correspondents
say Of stocks:
Logan & Bryan-London prices came
firm. Our market opened with fair
show Of strength and activity, and later
IapSed into dullneSS, with trading very
light. The better class Of railroad
stocks, particularly Atchison, was well
bought. In the industrials Steel pre-
1erred and second mortgage bonds were
active, with a slight easing off in price.
Some uncertainty is felt regarding the
winter wheat crop, and conservative
traders feel like waiting until the gov
eminent crop report is issued on Mon
or news to affect values either way.
New York looks for an unfavorable
bank statement Saturday. Money con-
tlnueS cheap, and, we feel, would buy
good stocks on recessions.
Dick Bros.-The market has been
rather heavy, declining slowly after a
strong opening. There was considera-
bic profit taking all through the list
and declines of a point or more were
numerous. Two strong features were
Atchison and Copper, both Of which
were heavily bought. There was very
little news. The heaviest profit taking
was in the stocks which have recently
been strongest
O'COnnor 6, Van Bergen's letter says:
The tendency Of the market has been
rather reactionary, with business in
somewhat smaller volume than for
some time. Opening strong and active,
speculation soon became irregular. with
spots of strength, notably in Atchison
and Copper, while Union Pacific, ST.
Paul and Southern Pacific were in
cllned to heaviness. Realizing sales
ana evening up of contracts over Sun
Gay We're natural result Of the
strength Of the market for the past
week, but the undertone was generally
nrm. About noon q sharp advance in
local gas stocks on the passage of the
East River gas bill at Albany, was a
feature Of the days trading, but it was
without effect on the general list. The
announcement of the payment by the
subtreasury of large amount of tele-
graphic transfer from San Francisco
offset in great measure fears of a
possibility Of a bad bank statement To.
morrow and continued easier. The
money market reflected in no wav tho
firmness In sterling exchange, which
was in good demand for SATURDAYS
steamer. Market closed dull with a
rather more pronounced tendency to
heaviness. and prices in O. number of
instances were below last nights final
quotations. although above the lowest
Of the day.