The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-27
Wal the brokers say


NJ Doran & Co.'S stock letter says.
Wheat-The steady advance in wheat
after the unsettled market OF the first
hour. was. to a considerable extent, in
applicable. The news on the whole rather
leaned to the bear side. but the local
crowd, to whom speculation was pretty
We'll conferred picked out the bull items
ana played them The whole action OF
the market seemed TO be an expression of
the prevailing sentiment rather than re-
Spouse TO any change in the situation
The feature counted upon to lower values
Qtd quite the reverse Receipts were
large everywhere, the total approximating
LUuO,UUU bushels. southwestern arrivals
uuadruDied the corresponding dav last
week. and-nearly doubled last wear Local
receipts were 154 cars, 14S of which were
new The demand here proved good and
values We're up with the options. There
was a Disk demand for soft winter wheat.
One interest alone taking all it could buy
and at the same time buying the old JULY
southwestern cash markets were firm.
Liverpool cables were q disappointment
closing lower, but the sentiment expressed
was bulllSh on prospective supply and de-
Inand- London and Paris were up sharp
~ Wf1Ie Berlin and Budapest closed some
lower COnSOfS continued to work off
which was taken as rejecting the IN
settled political situation. The weekly
summary Of European crop conditions
and Bradstreets figures were bull cards
Inc weather map shows showers in the
southwest and Northwest with fair in
dlcated for tomorrow in spring wheat belt
sippi valleys.
Private advices from the Northwest
suggested rust in number of sections
and the government weekly bulletin notes
complaints OF same from Iowa and South
Dak0Ua and states the general prOgress to
De favorable. although the cTop is DOOR
and weedy in low lands of Northern Min
neSoIa- IN regard to winter wheat the
same bulletin says harvesting and thresh-
ing are progressing satisfactorily. In the
!oWef MISSOURI valley the yield and quail
1ty OF much OF the wheat was lowered bv
previous rains There are so many fea-
lures IN present situation which might
develop into active bull factors. we sug-
gest purchases on weak days. Liverpool
was a 10 &c lower at the close Esti-
mated receipts tomorrow. 9S cars.
Corn-WaS strong and some higher on
next 70 no trade Transactions were all
small and between local operators. Iiy-
eEpool cables We're stronger and reported
y5n increase IN demand and same is true
nee. he teetinS Is rather more friendly
20 lne long side as season of good demand
ana moderate receipts approaches IF
packing mouse strike extends over a long
period II may have a direct effect rnon
thls market, enIaiiing as it does addi-
tlonaI FEEDING IN the country Rolluauia
reports We're or extensive drought damage
government weekly bulletin reports ex-
cIlenU growth and general condition prom
lslng. estimated receipts, 100 cars
Oats-ihere was moderate activity in
the market There was selling early on
weakness m wheat and covering later on
strength The close was firm at slight
cams mere We're a few reports in of
Disappointing yield from Illinois The
government weekly bulletin was favorahIa
EStlInated receipts. 81 cars
Provlsions-There was a moderate in
crease II interest taken in provisions and
prices closed higher. The situation in so
lar as labor difficulties are Concerned is
sun very uncertain. Receipts of HOGS
nave dropped off to very small y7roT4o@
tons Arrivals today $500 and the mar
hel 20 LOG higher. Estimated hogs to-
] c. Geraghty & Co.'S correspondents
say CT stocks:
Logan & Bryan-Narket was rather
Sharply lower There is some scattered
Aquldatlon anu good deal OF bear
pressure Rumors OF passing of the Giyi-
denu on Erie nrSt preferred and llnrar-
yainty as TO the dividend on Steel pre-
TERED are factors. but there is also the
apprehension as To what action may he
taken at Washington in relation 10 the
SINKING or american cargoeS by the
RUSSIAN fleet American diplomacy in the
past mas not always been DIPLOMATIC Wa
cannot but view further political coT,771Ii
caIlohS as unnecessary and, unlikely and
WITHOUT them We see very littIn req SON
Tor lower prices The holdings of the
pubhc are very small and the same con-
dltlOns and influences thar hava steadily,
advanced the market for the Dasf roon+I
are still operative.
PaiLe, Webber & Co.-Contiu,,ed dull
ness ana manipulation by traders for a re-
action started general liauidafior in 5otf
markets. Prices ran OF steadily but very
good buying was met all the HTav down
GA the decline. It is good opinion thar
weakly held Specula tive stocks are being
shaken out preparatory to another 1,,1yEar5
movement We shall not be SURPRISED If
Ine market continues heavy for day
or two more. but on very weak s,1ofs
We mink good stocks a buy for tI1rn
action