The Saint Paul globe., 1905-02-22
SPECULATIVE GOSSIP


shippers from various parts of Illinois
and Iowa state that the farmers have fed
or sold large part of last years corn
crop. and many Of them say that as much
as one-half, or even two-thirds. OF the
corn has been disposed of. Some large
feeders have fed all their corn and are
obliged to purchase corn from other farm
ers. Sales of corn have been especially
large by farm renters as usual, and own
ers of farms living in town are less eager
to sell their grain, although some old
time successful farmers sold their oats
last autumn, when prices were high, as
high as 32c per buShel being obtained.
Early sellers took the view that the ex-
tremely large crop of oats. reported by
the government meant lower prices later
on, but farmers are largely holding their
oats for better prices. Southern Iowa
stock feeders have been buying a good
deal of corn from other parts of the state.
and Missouri feeders have bought freely
from Nebraska holders. The price of
corn varies widely. according to the 10
cality. selling in Central Illinois around
CSC per bushel. as high as 40c in Eastern
Iowa and as low as 32c in Central Iowa.
Farmers arriving from Iowa claim that
the government report exaggerated the
size or the corn crop, with many sections
showing yields of from S5 to SO bu per
acre. where talk was for 40 to 75 bu.
Chicago-There has been quite a gen.
eral covering of corn this morning. occa-
stoned by the report that the Western
and try to settle their differences and re-
store rates from the West. There has
been very little corn on the market all
day and the undertone is quite strong.
New York-It is claimed that 1900. 900
bu May wheat was sold out here re-
Gently, which they attribute to the Wall
street bull interest. Part of ii was sold
in the open market and the balance on
calls. --I {
Chicago-Oats market opened steady.
with very light trade and without any
special feature. Market has showed a
shade of strength since opening i'm sym
pathy with corn on buying by Buckley,
w. L. and the locals. Market now
Chicago-The result of a careful can
vass of Central and Northern Illinois
points covering Peoria of the Big -Four
railroad between Danville and Peoria
Illinois Central railroad, Kankakee to
Mattoona.- and to La Sale, Champaign,
to Havana, Kankakee to Bloomington di-
dision and Chicago & Eastern Illinois,
Watseka to ShelbyvilIe. places the re-
serves of corn in farmers hands at 1913, a
reduction of 20 per cent since the 1st of
reserves of oats as 1872, a decrease of AZ
per cent II these figures are anything
of criterion as to what is going on in
ing.
Montreal says: Ogilvie says a strong
demand for flour. Large sales for ex-
port at satisfactory prices.
Kansas City-Line houses report this
morning that snow Is rapidly going off
and the green wheat commencing to
show None OF them is of bullish ma
early to claim no damage done during
the winter, the feeling here is extremely
bearish on new crop futures.
Chicago-C. T. Clifford, who has return
ed from Nebraska. says: Nebraska Grain
Dealers association reports % per cent of
the wheat back in farmers hands Three
vator lines report large wheat stocks. no
demand at all. and in order to make sales
have to reduce prices sc TO loc."
Chicago = Private elevator stocks:
6aCr0a 4
1000, increase Ga. 900; oats ISIS, 900. de-
crease 10000. Chicago contract stocks:
Wheat-No. hard. 1.OO9. .O59; No. 2 red
winter 21l.541; No. ] northern, $500; to-
tai, 1908, $50; decrease 26,062; corn 2.133,-
16S; increase 20,725; oats 694,396. increase
Kansas City wires: Cash corn situa-
ton is very strong here. Don't look for
up; now 47c bid"
Chicago-Trade in wheat is extremely
dull. Market helped by the recent bulge
in corn. 1t had previously had tenn
porary weak spot the cause OF the poor
showing of Bradstreet's.
Chicago-People who a while ago bought
cotton seed oil and sold lard are going
out of their trades. Lard is lower than
they sold it and oil is higher than they
New York-Ocean room for corn is in
better demand. larger engagements having
been made the past few days than at any
time in the last thirty days. Rates are Id
per bushel from New York to Liverpool
and 115d to London.
New York-To A. J. Cummings: ''The
confident manner with which the specula-
tive and investment public have started
the week demonstrates very convincingly
that not only is the end of this remark
aple pull movement not yet in sight. as
those who continually harp on high prices
would have us believe. but to the contrary
the experienced Wall street man sees sig
nificant signs in the markets technical
character clearly indicating a substantial
upward movement for some time to come
at least, until tightening of money rates
Is nearer to view than it is now, or until
some happening which cannot possibly be
foreseen at the present time, to adversely
affect all stocks alike, irrespective of in
fri FaCin vol,