The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-01
SPECULATIVE GOSSIP

Edwards Wood Co.-Southwest markets
report improved demand for cash wheat
with large sales. to Minneapolis millers.
Millers in turn have no complaint to
make regarding the volume of flour or
ders. Outshfpments of wheat and flour
are running in excess Of receipts. and
stocks there decreased 250, 900 bu for the
week. The weather forecast is unfavor-
able. indicating rain or snow I'm most
states. and If the selling pressure is not
now of the market il will be upon re-
celpt OF any change in crop reports. Scat
tered longs have liQuidated and the mar
ket Is In such an oversold condition that
we would hold wheat bought under this
price and accumulate more on slight re-
cessions. Think by next week all mar
prices
the price OF corn here down &c per blu,
a leading shipper at Lincoln, Neb. wired.
L think there will not be ten cars of corn
across the Missouri river a day for the
next sixty days, unless corn should adj
vance in Chicago &c or better. as the ele-
vators are all cleaned out or practically
so. OF both corn and oats. and as far as 1
know the shipment of wheat will be ex-
tremely light for the rest of this crop
year. as 1t has been marketed freely for
the last thirty days and L think there is
but very little wheat in the country
Chlcago-Bartlett selling July and buy
ing May corn. Cash houses moderate
sellers of May. Commission houses fair
buyers OF May. Creighton and Kidston
Milwaukee miller wires: 1--WE had bids
on July flour yesterday on new Kansas
wheat which were workable. but we
wanted more profit 1t indicates flour
buyers are interested i'm the low priced
wheat which these far off options make -
Chicago--Scalping element getting short
corn on the weakness in wheat. The
class OF buying is good and the action of
the market Is anything but weak Unless
wheat goes all to smash think corn will
work higher.
Chicago-Commission houses seem to
nave good deal OF May oats for sale at
2SSc- Friedman put out a little more
May oats. Buying scattered
Chicago-Bartlett continues to buy May
buyers OF May and the market acts
strong
Chicago-Patten SAYS he has more corn
than ne has had at any time. and these
receipts might surprise the boys by fall
Ing on sooner than most people expect
Chicago-There is some pretty fair buy
ing or May corn again just now. We have
some private advices from Nebraska
which lead US to look for some pretty
strong Hessian fly talk little later on.
New York-To A. ]. Cummings: Dos
ton says the strength in Rubber Goods
stock Is based not upon the phenomenal
earnings or prospects. but upon the fact
that Mr.. A. n. Brady has acquired stock
interests of the two large Rubber Goods
New Northumberland Copper has
been acting In a rather satisfactory way
from the bull point of view. and there ap-
pears to have been an accommodating of it
on a fairly liberal scale on the decline be-
low 10. The directors will act on the
dividend next month and the stock will
be placed upon a per cent dividend
basis. No financial statement is expected
until the annual meeting.
New York; personally believe that
stocks are generally selling for all they
are worth. The money market shows in
dication of firming up. The speculative
public have been educated to base their
operations on easy money. IL money
hrms up; as l believe it will. II should
nave depressing influence on the mar
ket. notwithstanding general good bust
ness reported from all over the country.
New York-There was only a moderate
borrowing demand for stocks in the loan
crowd yesterday afternoon, and the out
standing interest is reduced by the re-
turn of a large amount of Union Pacific
stock which has been borrowed for some
time.
New York; guess they have made ar
rangements in money that will avoid any
hurry. Union Pacific, Reading and a. c.
p are the best to buy in my opinion.
New York-Longs sold SOC. 900 bu NAV
wheat yesterday. which was taken by the
Gates crowd. The latter are estimated to
be long now in this market about l. $50, 600
bu May wheat.
New York-We look for higher prices in
some Of the cheaper issues today. with
small advances throughout the entire list
fractions will be higher today.
New. fork-Floor party still bearish.
After the close of the market yesterday
II was noted that most of the floor party
was still bearish and inclined to oppose
improvements. Should a furry in call
attack the market. Good borrowing de-
mand for stocks
New York-What will be the course of
prices next week will depend upon the
character OF the bank statement and the
money situation. as we'll as news from
Europe on the peace negotiations.