The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-04
SPECULATIVE GOSSIP

Edwards Wood Co.-Corn had a large
trade and is very stubborn market. The
larger receipts, an increase of 746, 900 bu
In floating supplies and a decline OF I'D
in Liverpool constituted the bearish news
Receipts are mostly from Nebraska and
may continue liberal for day or two.
being the general cleanup on March cut
rates. Visible supply decreased and is
now about 100000 blu under year ago.
ClearanceS were large at $50 600 bu; ship
ments 655, 900 blu, compared with receipts
OF 939, 900 blu. Cash houses report good
inquiry for corn for immediate shipment.
We do not see much to make sales on and
would take advantage of all weak spots
while the price Is around Sc under best
figures.
Chicago-W. and L. buying fair amount
OF July wheat. One prominent pit scalper
who has been consistent bear has bought
a fair amount this morning. Market has
strong undertone, without any setbacks
Milwaukee-Round lot flour sold TO
New York from here for July-August
S4;25. This is against 5000 -four from
Minneapolis. same delivery. How much
wheat can Minneapolis grind and sell In
competition with this difference?
Chicago-We don't care to accept any
orders in puts and calls on May wheat
We also prefer not to take any more
trades in May wheat. only to close ont
old contracts. Too much manipulation
In the market.
New York-Budapest cable quotes open
ing figures 3Ae per bu higher. Their
much as loss of &c for the day
Kansas City, was up in Nebraska
yesterday and saw representatives OF
nifty Missouri Pacific stations. They all
say that corn movement from Nebraska
Is over until after spring farm work Is
finished. These fifty elevators have prac-
have is not for sale under 4Oc. Farm
deliveries are nil since bids to farmers
got under 40c. Road men for two ST.
Louis houses are leaving that territory
tnlS morning account M nnthfno-
ing.
Chicago-The deferred futures have an
oversold appearance. There is an alb
sence OF selling pressure and at the mo-
ment looks as if pit crowd is all short.
Market is in a position to respond quickly
to the right kind Kin of buying;
Australia Is officially estimated at 80. 0O0,-
600 bu, or about 5000. 900 bu more than
had previously been figured on.
ST. Louis wires: A good many traders
believe st. Louis is trading in No. 2 hard
wheat or better. That is not the case.
Our best traders who do much business
have never traded in anything except No.
| z red wheat. There has not been over
| $4,000 blu traded in under the new rule
making hard wheat deliverable at dis
count. 1 look to see that rule repealed
| ere long, as II is unpopular.
Chicago-There is very little corn on
| the market. Nickels. who sold half a
million May for Pringle Saturday, is
picking up May this morning Good de-
mand for July from shorts
| Chicago-Market opened a shade easier,
but on good buying by B. F. and c,
at once showed strength and sold rapidly
TO 2SAc, at which point the market has
| steadied and few for sale.
| Liverpool house cables: Wheat affect
/ ed by advices from America. Demand is
moderate and prices steady. Corn dull
and heavy because OF larger shipments
| than expected.
Chicago-I started to buy wheat at
/ SIS, thinking 1t a good time to buy ii
| for a scalp. / now believe there is a
good turn on the long side in the next
| ten days or two weeks somewhere.
| Chicago-Play the long side OF wheat
now on all the breaks. Plenty OF chance
| to play scenery again the last half of
/ May and the first half Of June.
| Omaha wires: "A canvass among local
| cash grain men this morning as to the
| amount Of corn being bought. received the
same Identical reply from each of them,
| buying absolutely no corn"
Chicago-Frade very light in corn. A
| little local selling at the opening and
/ buying by commission houses. The tone
\ of the market is firm.
Kansas Cfty--Chicago party just in
from an extended trip through the south
west. He confirms the Unexpectedly poor
showing in parts of Sedgwick county.
Kan, all OF Cowley and Summer counties:
county.
Saturday reached a premium of 25&c
over July. During the Letter deal 1t went
| to a premium of CSC over.
New York-To A. ]. Cummings: Much
higher prices are predicted for Union Pa
/ cffic and Northern Securities, whether
| the Northern Securities decision comes
down at noon today or not. Hartman
| and Morgan brokers all been buying these
| stocks since the opening"
New York-Dick says: Better prices
/ are looked for today. Speculative senti-
| ment showing considerable Improvement
| We think Steel stocks should do better. ~
New York-McIntyre says: THE out
| look is favorable for continued moderate
| bullish activity. Do not look for any
| thing like a boom. but think chances IA
| yor higher prices'