The Saint Paul globe., 1905-01-10

s chicago to sidney L. Love & Co., Min
neapolis-Our market holding awful strong
right at top, some wheat sold against
calls. offerings very light, the crowd have
no wheat
Chicago-With all the liberal receipts at
Minneapolis still the primary receipts will
be only $4,000 bushels, compared with
l,050,O0O year ago.
Chicago-Trade in corn is very, light
covering by shorts later on the strength
in wheat. B.. F. and c. fair buyers.
Kansas City-I call your attention to
the fact there will be freezing tempera-
and Nebraska tonight.
Chicago - A party here sums up the
wheat situation as follows: This wheat
is in a very dangerous condition. 1t can
be put up as easily to $1.25 as it was to
$1.17As, but on the other hand, If a big
line was dumped it would knock the bot
tom out of it. It is all wind, but very
Kansas City = Maple Leaf elevator in
Kansas City Kas., burned Saturday night;
100000 bushels wheat in it; salvage will be
Chicago-There is no relief. to the con-
gestion in the wheat pit. In addition to
the covering of a host of smaller shorts
err holders, by the small local bulls.
This keeps the market bare of offerings.
The only large short reported to have COW
cred today was Rankin, who took in wheat
put at opening.
ST. Louis = Hardly see our contract
stocks here can increase considering re-
quirements Southwest and local mills. In
fact, our May looks as if it would corner
itself Stock of No. red decreased 5000
for the week
around s115, and it looks as though It
would, July wheat will likely get several
cents advance almost any time. s4s..
Kansas City-.The way the market acts
people had lighted up a fresh cigar, and
were sitting in their chairs smoking.
New York to A. j. Cummings-There is
a strong sentiment In Erie Board In favor
of retiring second preferred stock through
submission of some proposition to holders.
acceptance of which by latter would of
part favor submission of such PROPOSE
tion before second preferred received any
dividend, but one important interest in
the board contends that before the ques
tion of retirement is taken up for consid-
Grafton the issue should first be placed on
dividend basis. Under these circumstances
it is not likely that any definite action will
be taken In the near future. The received
rumor of purchase of c., II. & D. is with
out foundation.
New York-The prospect of competition
in the Bronx by the building in the i'm
portant field of lines by the New York In
terboro company has natural depressing
effect on Metropolitan stock. This. and
the fact of the gradual increase in busi-
ness being done by the subway, now some
$4,000 passengers daily it being esti-
mated at least 100000 of which comes
from the surface lines, does not tend to
make holders of Metropolitan securities
any too cheerful at least this is the bear
ish argument in the matter.
New York - The strength of Mexican
National stocks. and the coincident
strength of Mexican Central may be sig
nificant in view of the recent official re-
marks of the president of Mexican Ma
tional, indicating that union of the two
properties was not long ago considered
and discussed. The buying is becoming
more confident. The supply of stocks Of
fered is still relatively small.
New York; am rather inclined to be
bullish on all dips. Buy them on all dips
The market is being held in check by the
weakness of Metropolitan and Metropoli-
tan Securities. In neither of these stocks
is there much support.
New York-There seems to be good buy
ing of B. & o. on the expectation of an
increase in the dividend. The market
looks very well to me. There are few
stocks for sale and there is fair sized
short interest.
New York-London market this morn
ing shows hardening in better class of
stocks. Think Copper good purchase at
present prices.