The Saint Paul globe., 1904-12-17
SPECULATIVE GOSSIP


Chicago-Wheat in farmers hands
March l in last twelve years has been as
much as 1s8, ,000, 900 and as little as 75, ,000,-
600. Believe it will be under these low
figures next March and the smallest one
known in this country per capita.
New York-Argentine weather in wheat
district ending a. M, Dec. 15A-no rain,
clear. moderate winds.
Chicago-A strong oats market this
morning. Good buying by Kidston, B. F:
and C. Woodbury., and Gerhart has caused
the market to advance rapidly from 81 &c
to 31B @311sc, at which point there is
quite good many offered. Market strong
and looks higher.
ST LoufsSThe Decatur mill raised their
price to &c over May for 10000 bushels
No red and was accepted. This market
up 1Hc TO your 3ac.
st. Louis-Sales of 10000 bushels No. 2
red in store to Indiana and Ohio millers
reported late yesterday on basis OF 2se
to 2%c over May price, f.. o. b., Feast st.
Louis. You will note that this is about &c
over December, more working on the
above basis in lots of 1000 and 1000 lots
same destinations.
Chicago-Wheat trade is very quiet. 1t
is easier to buy than to sell; to this extent
makes market look like bear one. Valen-
tine is buying wheat openly; don't con-
slider it necessarily a bull card.
ChicagO-There is a big trade IN corn
and the undertone is strong. Commission
houses are good buyers. Bartlett, Cong
don, Knight, Donnelly and Adams & S.
May The selling is scattered and against
daily and weekly calls mostly.
Chicago-Commission houses who act
for the Northwest have been buyers of
May wheat this morning. Armour is also
credited with being a moderate buyer
through brokers. There seems to be con-
ing orders.
Chicago-Crowd here think that now
that Valentine has got on long side of
wheat again that he is Tightening up the
ohnr frl mol EO lnnl G
Christopher, of Kansas City, wires Dag
gett: Our receipts and prospects for same
very slim. Part of these include some low
grades from Minneapolis.
Broomhall-France is buying Australian
shipments. The prospects for the Chilean
wheat crop are bad.
New York.. w. Gates IS quoted as
saying: II consider steel trade conditions
best in three years. with great outlook
for coming year The companies. large
and small, are working night and day and
booking orders faster than they can turn
them out.
New York-The increase in Louisville. &
Nashville dividend is a further and sub.
stantial proof of the faith OF a number OF OF
important financial men in the stability of
the prosperity the South is now enjoying.
This is also bull card on Southern Rail-
way and we believe it will sell higher:
New York-All differences have been
settled between Pennsylvania. Baltimore
& Ohio Missouri Pacific, Wabash and
other Gould properties and a traffic agree
ment mas Deen reacned covering all pOillS-
at issue.
New York-It was reported from the
floor this morning that the Gates party
was taking a hand in the operations in
United States Steel preferred in the early
operations. 1t was also stated, however.
that Morgan buying was taking place, and
that brokers representing the pool had
large buying orders under the market In
that stock, on which there is a very bull
ish feeling.
New York-It is understood that Louis
vile & Nashville is now en- a regular 6 per
cent basis Other Increases and dividends
are likely. Reading common will go on a
3 per cent basis in January. Increases in
railroad earnings thus far in December
have been heavy.
New York-For@ the Immediate future
look for rather quiet and irregular mar
ket but sentiment is buliSh on Union Pa
cific, Southern Pacific, Steel preferred,
New York Central and Copper.
New York-LaZard-Freres have made
tentative enga agement of all the gold bars
for export which the assay office can turn
out next week. Goldman, Sachs & co.
secures the output for the present week,
about $1,500,000.
New York-Metropolitan securities ad-
vanced on good commission house buying.
The pool in leather met with good stock
at II. Bond trade is improving. and
prices through the bond list are almost
uniformly higher.