The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-26
What the Brokers Say

wheat went up sharply yesterday on
bullish news. from abroad and steady
buying. Stocks were dull and generally
slightly shaded.
What the Brokers Say
NJ Doran & Co.'S grain letter says:
The action of local cash and future
markets was in a large measure sur
prise to the local talent Foreign news
and foreign buying gave the futures their
initial impetus and the strong local cash
market was help later. Trade is al
session, when southwestern houses took
the long side. Liverpool came higher
Notwithstanding our decline Saturday.
The advance was based on the made
and the estimate of 2SS, 000,0 900 for the
French crop. The quality of the latter is
said to be good. The fractional decline
in conSolS attracted some attention The
July options were up with the deferred
futures, rejecting, no doubt. the advance
IN sample markets. Cash wheat at many
OF the outside points was weak. Re
cceipts in the Southwest were large and
the estimate for Kansas City tomorrow
IS 426 cars Weather conditions are en-
tlrely satisfactory, but the forecast sug-
the West and Southwest Liverpool
closed u to 70 higher. Estimated re-
ce1ptS tomorrow, 10 cars.
Corn was dull but firm on a small and
featureless trade. There was some early
activity on strength in wheat and the
report of high prices paid by feeders in
Nebraska and Iowa. There was some
slight improvement in demand on Satur-
day and the period is approaching when
the demand is usually very heavy. The
receipts, however, are liberal with some
tions are perfect for the crop. Liverpool
closed sc higher. Estimated receipts to-
morrow, 527 cars.
Oats-The action of the oats market
was very nearly a replica of corn with
no distinctive features and, helped by
wheat the options rated some higher.
Local receipts, 102 cars, II of which were
new crop. The cash market was weak
and lower for the poor oats and steady
for the good ones. Harvesting conditions
are of the best. Estimated cars tomor-
Provisions-The market was lower for
all product, but the volume of trade con-
tinues exceptionally light. Spectators
are showing no disposition to trade while
the very uncertain labor situation exists.
POSITION at packing houses looks bad at
present Estimated hogs tomorroxY
5000
j: G. Geraghty & Co.'S correspondents
Logan & Bryan-These are a few
exceptions, but the market generally is
a. little easier. 1t is also extremely dull.
l., T. c. & l., and Rep. Iron and Steel,
but the rest of the list is very Inactive
me approaching meeting of the direct
OfS~oI the steel corpora ton with it's I'M
certainty is making some liquidation in
these issues. There are also unfavorable
reports concerning the dividend on Erie
first preferred. The market as whole.
however, is a waiting market. In the
meantime the investment demand for
bonds continues good. and there is we
ihlnk, big waiting list of would be
investors in stocks. We still advise their
purchase.
Paine, Weber & Co.-The vague posi-
blhty that trouble may grow out of the
inspection of British ships by Russia
and that it may result later in restricting,
exports of merchandise from this coun-
Y,to, Japan caused the market to sell
OH TO-DAY, The greater part of the sell
ing was by traders, very few long stocks
beng thrown on the market "A reaction
at the time after the long continued adj
vance Will not be bad thing. we do
not think it will go very far, and after
1t has had its run We think good stocks
VIII do to buy again. Copper was off
small traction in London. There was
ing the greater part of the day
- OyConner & Van Bergen's market LEFT
ter on stocks follows:
Watson d Co.-The market has been
fairly hard today. in fact of rather
extensive profit taking on theory. a nat
uI9F reaction was past due. and oisap-
polntment over the absence of any public
interest in the trading. 500, among the
SpeclaltIeS. exhibited considerable
strength on most satisfactory crop pros
poets in the Northwest. In the opinion
ahead a little too rapidly Tennessee
coal d Iron, advanced in sympathy with
the SHARES of the larger trust the latter
responding to what was considered rather
gooo ouylng, said to emanate from Pitts
burg sources. Wheat has advanced with
steady buying all morning: 1t is said for
eign houses here have taken some 300 :
O9O pu All the foreign markets were
stronger and higher.
HIDES, PELIs AND suNpRiEs
Quotations furnised by D. Bergman &
Co.: -
Green Sailed No. / No .
Native hides, free OF
:. brands. % lbs and up. 81. 0S2t % so. oT%
Branded hides, all weights,
R5 & ,D s.s saa sas OXEN SIS $50
Veal ealfskins TO Ib lbs. 1l15m 10
Yea. kip skins. Is tic %
p. ssss; under BIS: SO SO g 90: e
Lons-haired kip. s to 25
tDS ...-............ .eS a .e7
Stttnk skins .............. go
Glue stock ..-.,......... .03
Green es,7-
Free of brands. tares lbs
ea2h .................. .o7 a c6
Branded. oil weights, tare,
T,S 3 lbs {. each - 1890 .o5h
1d 5are s. ? Tbs , each .osA@ .c5,s
vi y: 81 ii Ii j. i; j. & & & IS: :;
Green sailed horse hides.
VIE tail and name.
Green salted horse hides.
PSRie ;s; ana a small; - Ia q 80
Heavy butcher hides,
short trimmed