The Saint Paul globe., 1905-04-08
SPECULATIVE GOSSIP

Edwards-Wood Co.-Minneapolis term
mai elevator stocks show a decrease of
Soo.0oo bu for the week Production of
Hour, 275,5a0 brls. Demand for cash
wheat excellent, with regular No. / north
ern &c TO &c over May. Choice No.
northern not obtainable at sc over. Farm
thlngs connected with the cash situation
Indicate good demands and strong prices
i1r me next five months. Would follow
the long side of the market from this on
and feel for the turning point through
resting orders.
Carroll. Iowa--Country elevators clean
ed up all over Iowa and Nebraska on corn
10 take advantage of cut freight rates
VIII be practically no more corn from
farmers until spring work is out of the
way and then the run of corn viii depend
upon the price and new crop prospects
Corn now held by well TO do farmers
Some crib oats in Iowa.
Chicago-With hogs S5.70 and cattle
S6.15 today cent break is plenty decline
in corn The decline has been principally
IN sympathy with the weakness that
back to last nights prices and local crowd
are short the corn. We believe corn
should be bought.
Chicago-The crowd is getting short of
wheat on these breaks. Selling is almost
entirely local. VIII have the government
report all discounted before il comes out.
ChicagoIThere is certainly corn on tap
this morning, with apparently little de-
mand for IL. At the moment wheat looks
lower. but think we will get a turn around
lileSt prices.
Peoria wires: Country dealers in this
morning say they don't expect anything
In the way of farmers deliveries until
after corn planting. They did think ear
Her that farmers might sell something
after they get through seeding oats but
this now seems unlikely.
Chicago-Only 216 cars of corn estima ted
for tomorrow. l believe they will get
down TO 100 cars day before long, and il
you have not got any corn you will be
paying higher prices TO get it.
fNN~ s<.w1w 81.
the southwest. frost did no damage TO
wheat. Line houses reports are very fiat
tering and suggest liberal movement.
Chicago-This Is plenty OF break 10 buy
corn on Wheat is still draggy. but don't
think there will be much money on the
short side for present.
Baltimore wires: Gambrill Manufactur-
ing company tell me their flour trade has
improved very much in the last few days.
and also that there is better demand from
country millers for wheat.
New York to A. j. Cummings-The bor-
rowing in the loan crowd does not indicate
the existence of any extended short ac-
count, but there is considerable private
borrowing. and good sized short interest
exists in Amalgamated Copper, Union Pa
cine; st. Paul, Atchison and the coal
stocks.
New York-Distilers securities will sell
ex dividend today, and an active buying
movement in il IS looked for in some cir
cles. As a per cent dividend payer II
Is believed TO be selling out of line with all
nondividend stocks which are ruling ma
terially higher than market price for this
dividend paying stock.
New York-lt is reported that the deal
between the National Lead and the Unit
ed Lead companies has been practically
concluded and that the National will take
over the United and will make a contract
with the American Smelling company to
buy all Its lead from the latter. This ex-
plains the activity and strength in all
these stocks. San Francisco advices re-
port that the deal for taking over the
Selby smelling works and the smelters at
Tacoma and Everett, Wash, which have
been purchased by c. NJ. Baruch and his
associates is about closed.
New York-McIntyre says: We believe
Northern Securities VIII sell much higher,
and would not be surprised to see activity
develop at any time in anticipation Of a
buying move starting in II before the man.
date of the supreme court is handed down.
New York-'Understand there is pool
in b. r. II. which talks IS for it. l told
you early in the week heard this