The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-31
What the Brokers Say

What the Brokers Say
". Doran & Co.'S Chicago grain letter
says.
Wheat-The open interest in the current
options was larger than anticipated. and
the Giraffe fluctuations proved to be the
center OF interest and unsettled the entire
market After selling at $1.0015 there was
a sharp break and a partial recovery. The
deferred futures were strong I'D to the
last half hour on rains in Manitoba and
minnesota and reports OF rust from South
Dakota and Southern Minnesota. too nu-
merous TO be entirely ignored The only
selling was in the way OF realizing. trad
eFs being peculiarly fearful OF Shorting the
market. Foreign markets were eiirninat ted
on account Of holding in England but New
Ork reported buying OF December for
foreign account Continental market - c
higher Tor Budapest and 1c higher for Ber-
lln- southwest receipts about the same as
last year Worlds shipments estimated at
100000 bu and Australian shipments
We're zsb,U00 bu. compared with Pc. coo last
week. The break through last half hour
closed tie deferred futures practically I'M
changed from Friday. Now that the cur
renU options are off the boards more
settled conditions may be anticipated next
week.
@Corn-JuIy developed considera bic weak
ness on realizing The September was
drm early. but closed weak and lower.
- ne December and May showed IrIfiing
advance Tor the dav. News bearing di-
EecJty on the situation was scarce. How
ever until receipts improve no extensive
was strong ana re higher
OatS-July corn emutaIed July wheat TO
q large extent On a very moderate trade
the price was advanced Al e buShei. and
the close was within 1sc of the top. The
deferred futures firm. prices showing no
material change for day. Peoria reports
- very favorable week for harvesting
and anticipates a good moveemnt with a
rev more DAYS OF good weather. Demand
there TOR arrivals IS poor.
j. @. Geraghry q Co.'S correspondents
say OF stocks:
Dick Bros='The market has been very
duil and distinctly heavy in tone. Again
Union Pacific was the weak feature. There
was no news except the rumored fall OF
Port Arthur which was not confirmed
and the bank statement which was highly
favorable. but without effect upon prices
The market closed with practically no raj
~ III looks as though the decline will
continue
Walker Bros-On very small transac-
tions the market showed small features Of
interest Trading was entirely among
traders who were evening I'D at the close
IF the month. The bank statement failed
TO mpaTt any interest and again empha
sized the tact thai. money is SupeFabund-
ant The market Tor the week shows de-
cEneS. with but few exceptions The gen.
eral feeling IS one or conservative hopeful
ness
O'Counor & Van Bergen's CORE
sponden1S say OF stocks
A holiday Misunderstanding dull and
with little or nothing OF interest Price
changes were within small fractions
though generally lower. but We're not in
dicaJive of any definite trend. A strong
bank statement was without effect IN
stimulating prices or infusing life into
speculation. and the market closed dull
with heaVlneSS IN Union Pacific and St.
Paul on some little selling for both ac-
counts the only feature. The only inffu-
ence of Importance as affecting speculation
was the report OF heavy rains IN the West
and the strength and advance in the
wheat markets.