The Saint Paul globe., 1905-01-11
SPECULATIVE GOSSIP


Gay by the steady movement Of corn from
her borders, says Des Moines dispatch.
1t is estimated that no less than 100, 600, ,000
bushels of the 326, 600, 600 bushel crop has
already been moved. The shipments have
been principally eastward Railways out
OF Des Moines last week shipped four
tlmes as much corn as preceding week.
west Superior - The manager of the
Duluth-Superior Milling company, of Su-
perlor, Wis, has made application for the
bonding of the Listman mill at the East
IN month or so at the latest, and it is
the intention to grind Canadian wheat and
export the flour. The mill has been oper-
ated very little for many years
Chicago-Feeling in wheat is very un-
settled Orders either way turn market
sharply. Commission houses have been on
both sides of market Pit crowd is mixed.
st. Louis-The st. Louis Chicago May
wheat spread at 2 cents difference looks
like finding money. We will sell cents
over your May.
came on market around s1.1S and relieved
the congested condition. Urgent shorts
are in. Would take profits on long wheat
Chicago-Oats market steady and very
little buying of May by Hemelgern. The
selling has been scattered There are a
good many for sale at 31c.-
Wlnnlpeg-Exporters and millers good
buyers. Our market advances on small
buying. Looks higher.
New York-Weather in wheat district,
Argentina, "A hours ending s a. m., Jan. 8:
Lightning and rain in places in provinces
of BuenoS Ayres
Chicago-There is better trade in corn
and some change in sentiment. Valentine
has been a bidder and helped the advance
some holders of wheat have liquidated
and are buying corn.
,.Chicago-Wheat is quite strong at the
slight advance. Orders on either side
turn market easily. Pit traders inclined
to bull side. Looks for lower market.
Chicago have said for five months
that no gentlemen would trade in corn,
and can't put my finger on anybody that
has made any money going against IT. /
think differently now and think it is good
investment around 45 cents. 1t won't be
to come, but I believe it is good in its
way
New York-To A. J. Cummings: Favor
able developments in stock market are:
Increased investment demand; speculative
cheerfulness abroad; decision by the pres
ident and advisers not to take up tariff
and other questions this congress, and in
dica ting conservatism will be policy, and
there need be no fear from any national
law making; strength in Mexican issues
due to action of government to settle a
fear OF ,,I5ae monetary exchange in Mexico;
dend will be increased; advances in United
States Rubber, Rubber Goods and United
States Cast Iron Pipe on official state
these companies; pleasing railroad reports
of Illinois Central and Great Northern;
strength of securities of Elevated and
Subway companies here. ~
New York The net earnings of the
United States Steel Corporation for the
fourth quarter of 1904 were approximately
| $40, 0,000 600. This is considerably better
than most of the estimates made before
the close of the quarter.
New York - Although dull the stocl
market shows great strength in the better
| class of securities which could easily be
| advanced on aggressive buying. Money
| and general business conditions are favor
| able, and we advise conservative buying
The one security that is out of favor i:
| Metropolitan, and it is likely that the.
will make a football of this stock for some
time to come. Traders in it, however
would do well to remember the history o.
the famous coup in Third Avenue stocks
Observation-Disclosures of Nashville, Chat
| tanooga and ST. Louis railroad at =;
meeting today declared semi annual dfvi
dend of 21s per cent on stock, this being
an increase of " per cent over previous
| payment, and places stock on 5 per cen
1 basis.
New York-Market is purely profession
/ al, with good buying in a few of the spe
cialties. big interests seem to be holdin,
! off from the market.
New Yorll-The strength of Union Pa
4 cifc, the way in which long stock has beel
absorbed in Steel preferred. and the ex
/ istence of considerable short interest ar
| the factors that are making for highe
/ prices.