The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-10-03
What the Brokers Say


ing was aggressive and of good charac-
ter. An unfavorable bank statement mad
ne lasting effect.
What the Brokers Say
NJ Doran S Co.'S Chicago grain letter
says:
Wheat opened on en- local professional
selling. but rallied quickly and ruled firm
the rest of the session under leadership
Of DeceInbeT option; The excellent cash
demand is back of the December strength
and against it bearish statistical items
are OF ne moment Gables Vaiueless as
a market factor. Liverpool being but a
shade up. Australian shipments were
96S, 900 bu. Worlds shipments for past
week estimated at 9.6ee. 0o9 bu. South
western receipts small. The, increase in
stocks at Minneapolis of 2li.000 bushels
last year Of f,15S,Dee. Liverpool closed
sd higher.
Corn was firm on moderate local buy
ing. principally ia way Of covering shorts.
Weather conditions favorable for ma
turing of late crop. the rains reported In
West covering districts where crop can
not be affected The indifference OF
English importers may be in part eS-
planned by See.9o6 bushels increase in
Liverpool stocks during the past month
and by continued HberalitY OF the Argen-
tine supplies. The Liverpool market was
1sd higher.
oats were strong on fair buying for
investment and by elevator concerns;
which was taken as rejecting improved
demand. Our Peoria house reports eX-
ceHent demand from southern and eastern
points The country IS selling nothing.
The cash option Was up lie busl4el.
J. G. Geraghty q Co. s correspondents
say of stocks:
Dick Bros.-The market has been buoy
ant and has shown great activity. There
was aggressive buying of good character
and good stocks were leaders. Steel pre-
ferred. Union Pacific and st. Paul were
the strong features. Northern Securities
again advanced and there were repeated
rumors of settlement TIL bank stat
ment proved disappointing. but did not
hurt the market The closing was at the
best prices Of the day and showed ne re-
action.
Walker Bres-Lendon prices came frac-
tiOnally higher. The market opened on a
parity with Friday nights closing. but
strength soon developed in Union Pa
cific, SteelS and St Paul. giving an i'm
Betus to the whole list. AS anticipated.
the bank statement was unfaKerabie. but
adverse comment gave but temporary
quetuS TO the market and prices again
advanced and closed very strong at the
top figures OF the day.
OCehnef L Van BeESen's stock letter
The. ;elt's market has been strong in
nearly fery direction, and indeed the
impartial distribution Of advance with
broader trading is a good omen for the
Immediate future. at least. Inspired by
real confidence OF the present speculative
status, buying orders have recently been
spreading into the higher priced issues.
The coal shares give evidence Of this.
while the great trunk lines hare been
moved uB on moderate offerings and we'll
stimulated demand It is quite likely that
the reaction which has been expected for
a fortnight or more would be welcomed
by many OF the professional interests and
by others who nave recently based their
operations on the likelihood of such an
event. The market has been SO obliyious
to bad news of all sorts for weeks past
the question now puzziing the street is
What can cause A dewnwaHd movement.
So far as politics are concerned as fac
Tor we seldom hear any reference to it.
Stock market certainly looks most en-
couFaging. and we are of the opinion that
it InanifestS many indications OF q per
manently strong character,