The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-10-02


market became strong and active Buy
ing was aggressive and of good charac-
ter. An uufavorable bank statement had
no lasting effect.
What the Brokers Say
NJ Doran & Co.'S Chicago grain letter
Wheat opened off on local professional
selling but rallied quickly and ruled firm
the rest Of the session under leadership
OF December option. The excellent caSh
demand is back OF the December strength
and against II bearlsh statistical items
are OF no moment. Cables vaIueless as
a market factor. Liverpool being but
shade up Australian shipments were
96S. 600 bU. Worlds shipments for past
week estimated at 100000 bu. South
western receipts small. The increase IN
stocks at Minneapolis Of 211,000 bushels
last week IS small compared with increase
last year OF 1, 1873 GOO. Liverpool closed
sd higher.
Corr was firm on moderate local buy
ing, principally in way OF covering shorts.
Weather conditions favorable for ma
turing OF late crop, the rains reported IN
not be affected. The Indifference of
English importers may be In part eX-
plamed by 100000 bushels increase in
Liverpool stocks during the past month
and by continued lberaity Of the Argen-
tine supplies. The Liverpool market was
sd higher.
Investment and by elevator concerns.
which was taken as rejecting improved
demand. Our Peoria house reports eX-
ceIenr demandr from SOutheFH ana eastern
points. The country is selling nothing.
The cash option was up 1c bushel
J. c. Geraghty & 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
ana good stocks were leaders steel pre-
ferred, Union Pacific and st. Paul were
the strong features. Northern Securities
again advanced and there were repeated
go ., .ny,fr tot
ment proved disappointing, but did not
hurt the market. The closing was at the
best prices Of the day and showed no re-
action.
Walker Bros-Lendon prices came frac-
tionally higher. The market opened on
parity with Friday nights closing, but
strength soon developed IN Union Pa
cific, Steels and St Paul, giving an i'm
petus to the whole list. As anticipated,
the bank statement was unfaVOrable. but
adverse comment gave but temporary
quietuS TO the market and prices again
advanced and closed very strong at the
top figures of the day.
O'COnnor q Van Bergen's stock letter
The weeks market has been strong in
nearly every direction, and indeed the
impartial distribution Of advance with
broader trading is 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 have been
moved up on moderate offerings and well
stimulated demand. 1t 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 have recently based their
operations on the likelihood of such an
event The market has been so obliviouS
70 bad news of all sorts for weeks past
the question now puZZling the street is
what can cause downward movement
SO far as politics are concerned as fac
TOR, We seldom hear any reference to it
Stock market certainly looks most en-
couraging. and we are of the opinion that
It manifests many indications of a per-
manentIy strong character.