The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-02
SPECULATIVE GOSSIP

Chicago : To Sidney c. Love & Co.
Minneapolis: Think liquidation over in
Wheat ana believe one can afford to be a
bull for good turn in either May or July
wheat.
Chicago think oats are next in line
Tor bull turn" said local operator
Here there are only $50. 600 bu Of con-
tract oats in store compared with about
2.0QO0O bu last year and visible supplies
are melting away fast. OF course, stocks
are larger than last year. but / don't
think there are many back in the country.
We canvassed Illinois thoroughly. and
1orty-four towns reported they had only
1o.s per cent of the amount of last years
stocks liz elevators. twenty-five towns
reported stocks about the same as last
year In Iowa there are about as many
oats back as last year. A good many oats
has been high
Chicago-C0mmissio houses were good
sellers OF corn this morning. Kidston is
big buyer of May corn. Think this is
the place to get some cheap corn. Market
firm.
Chicago-Buying of corn has been by
think as soon as market digests the corn
sold so heavily at the opening. by COM
mission houses, the market will work
Liverpool cks-wheat-March 1. D.
$4,000 bu; Feb. !, $4,000 blu. Flour
March 1, 6s. 900 brls; Feb. J., $4,000 brls;
Corn-March 1, $4,000 bu; Feb. 1, 1,176,-
coo blu.
Chicago-Oats market opened steady,
but soon showed some strength on buy
ing by locals, who were short over night.
houses, which caused the market to move
up to &C, at which point there was a
great many for sale.
Chicago-Local traders got short too
much wheat on the break. Around the
bottom brokers who usually act for the
Armour Grain company started buying
and this, together with covering by pit
shorts, rallied the market sharply.
Liverpool house cables: Wheat affect
ed by American advices. Damage to In
dian crop confirmed. Corn firm, with
smaller supplies.
Chicago-It looks to me as though every
thing on the floor was purchase for a
turn. The acceptances of corn are ex-
tremely light this morning. Party that
Chicago got 1000 bu.
Chicago-There has been a lot of liquida-
ton in corn this morning. The selling
was led by Kneeland, whose sales amount
TO about LOCO, 600 bu Commission houses
led by b. F. and c. were the principal
buyers.
Chicago-The belief that the May deal
in wheat is over had depressing influence
on corn and oats. 1t looked as though
bulls who had been following the wheat
deal had decided that If that operation
enough to affect other grains. and houses
which led the selling in wheat were also
large sellers of corn and oats
Chicago-The houses which sent out the
highest bids yesterday reported good &C
ceptances of corn in Iowa. Illinois and Ne
braska. Other houses called sales by the
country only fair. Acceptances of oats
continue to run small.
Chicago-Love sold about ], $50. 900 bu
July wheat on the break. This was long
wheat Armour and scattered commits
sion houses were the buyers, mostly short
wheat
Peoria. H., wires: Country dealers in
a meeting last night report roads generally
breaking up. Look for very light farmers
deliveries for some little time. unless get
decided change In weather Farmers will
get to work as soon as condition of their
fields will permit.
Chicago-It looks as IL the eastern clique
was buying May wheat. Tailers went out
on the early break and very little wheat
now on the market
New York to A. ]. Cummings: II Is re-
ported the buying of Missouri Pacific on
the reaction yesterday was of good char
acter. Bullish talk is heard on American
Steel FoundTies preferred. also on the
United States Cast Iron Pipe issues, with
special attention being given to the COM
mon stock of the latter. Vanderbilt in
terests are credited with most OF the re-
cent Erie buying. The street believes that
the promised Amalgamated Copper state
ment viii show earnings of about 6 per
cent on the stock. Baltimore & Ohio bulls
speak confidently of per cent basis for
the stock this summer. Rumor has il
that the Hartman Union Pacific interests
are very curious to learn the source of the
recent extensive buying OF Union Pacific,
and In fact ii is causing these people more
or less concern.