The Saint Paul globe., 1905-04-29
SPECULATIVE GOSSIP

Chicago-To A ]. Cummings: May
corn has averaged above 45c for over two
years. The lowest price this season was
42Ac in June. and the highest 511zc in
August, when the crop scare was on A
good part of the time it was between 45c
to 4Sc
Chicago-With higher cables our market
failed to respond as weather is so fine
and prospects so good. We are going to
scatter this wheat now fairly fast in next
few weeks and the visible will show some
good decreases, but the buying power is
crippled and bulgeS, unless they come
from impairment to crop promise, are not
likely TO hold. You must expect a scalp
ing wheat market now within rather linn
tied range and be satisfied to buy on
breaks and sell on bulges for small re-
turns until there is development of
some sort different from that existing at
the moment.
Chicago-The bull interest in corn will
take in all the cash stuff on cash pur-
chases the first of the month. 1t is eX-
pected that over 1000, 900 bushels will be
sent out; this is the entire stock. over
half of the contract corn is held by
Wrenn. who took it in last December,
there having been no deliveries since.
There is a large shortage in the house for
local Speculator Should the corn not be
delivered there might be lively time for
the shorts. for few weeks. Yesterday
the price was down to 40 cents for a min
ute at the opening, but advanced 1lsc
and held the gain at the last. No corn
Is sellinfg at May price. and exporters
= N.
1t was rumored yesterday that the bull
interest intend shipping out the corn TO
Buffalo as soon as delivered. For a
round lot of 900 600 bushels rate of /
cent TO Buffalo might be secured
New York-There is fair demand from
exporters for 3S pound clipped oats for
United Kingdom ports, chiefly London.
and bids about same as when Chicago
May sold 29% cents. but lack of offerings
checked business. Sales 10000 bushels
by Chicago direct at 81 cents C. l. f. Lon
don. May shipment
Chicago-Wheat market opened steady
and unchanged from last nights close.
Clifford and p. F. and X. have bought a
little july wheat with local pit crowd in
clined to sell
Chicago-Corn market is holding firm.
due largely to buying by the bull crowd.
II looks to me like trying to make a mar
ket to sell on. Do not believe they can
put the price up without buying consid-
cradle stuff and that does not seem likely
at the moment. Looks a sale to me, espe-
cially July.
st. Louis wires: A very conservative
party just back from southern Illinois says
wheat prospects not at all promising and
further north report fly in the wheat.
Chicago-Wheat market does not show
much snap. Volume of business Is only
moderate. but the price yields readily 10
any selling pressure. 1t will require bet
ter support TO prevent prices selling lower.
Peoria wires: Looks like famine condi-
tions might prevail here in corn. The ele-
vator stocks are all sold now and re-
CclplS lLAely 10 De llSnt. EarlN
reports from the different roads indicate
only six cars grain in.
New York-Professionals generally ex-
pected panic conditions this morning The
good support was manifested in different
quarters of the room; the market reacted
quickly from its depression. while a
further recovery is not unlikely | still
caution TO go slow until we know more
about the affairs in the China sea
New York-The decline i'm Amalgamated
| Copper yesterday was influenced to some
| extent by the weakness in the copper
| metal market. 1t was reported that there
! was some pressure to sell certain brands
| of lake copper at 1i34c. The foreign mar
| kets have been weak and the tendency
here is TO lower prices. The buying OF
Amalgamated is credited to important in
| siders
New York-McIntyre says. "A lot OF
| sinister rumors are-n beinf; put in cir
| culation and are going to explain the
| heavy selling of yesterday and today.
Some of these rumors affect the credit
| OF standing Of several institutions We
| think they are nothing but bear rumorS
| calculated to further undermine the posi-
ton of the general market and help &c
| destroy confidence We will not dignity
| them by referring to them any further"