The Saint Paul globe., 1905-04-25

Chicago to A. j. Cummings: 1t is quite
be an active force before the week is
out, and that the trade will be operating
entirely on present supplies and pros
poets; 1t may develop that the foreign
situation is more bullish than now sup
posed. Decreased shipments from Rus
sia and Australia may bring Argentine
up TO a higher level. Indian shipments
bid fair to be light for some time. Such
conditions may prove of substantial aid
IN securing for this country a return of
the market abroad. The wealth of the
home producer will be guarantee against
sacriflce sales ~ any surplus produced.
Chicago-Heavy commission house sell
ing caused a sharp break. Pringle, b. F.
& {. and George Erhart were good buy
follow.
Chicago-Fear of liquidation in May
corn started that market weak but OF
ferings met fairly good buying on small
receipts. Wheat is still in liquidating
process and tendency uncertain. but is
less pressure on July now. We do not
look for rallies in July or September to
hold yet while crop situation keeps so
favorable.
New York-There has been a good ex-
port business in corn today. but don't
think as many as 40 loads were worked.
Hard to tell amount at present.
Ch1cago-Corn is feeling the effects OF
the weakness in July wheat. Both wheat
and corn act heavy and see no signs of
any good rally in either yet. Looks like
working lower.
q
going on now in July wheat Crowd thinks
Armour is selling. Pringle selling long
wheat The feeling has turned very weak.
Chicago.There is considerable selling
of September and buying of July wheat
In the market. Market continues heavy
with no rallying power.
Chicago-Oats opened shade easier In
sympathy with other grain on selling by
local crowd, but since opening has shown
little strength on buying by Rumsev
and the crowd getting back the oats they
Chicago-There might be some rally in
wheat from here. S5c. on evening IN
7but on any fair rally We still believe
the September and July is a sale. especial
ly the September.
New YoTk-The necessities of those in
terested in the May wheat deal proved
too much for the market this morning
Western wire houses were enormous sell
els OF stocks, catching on the way down
many stop loss orders. Tine decline re-
Sembed in many respects the one last
December, but has not and will not go
anywhere near as far. as the powers who
control this market have been very heavy
buyers on a scale. 1t looks to me as if
the selling power had exhausted itself
and while we may probably have a few
dips, those who followed the advice
gave this morning to buy on A scale.
think viii see very handsome profit be-
fore the week is out. Money is very free
Iy offered at per cent.
New Hork-To gauge the proba bic
course of the market this week. one must
reconsider the following causes of last
weeks decline. IL was an aggregation of
influence. unimportant If taken separate
~. holidays. per cent money wheat
break. etc. No small wonder the mar
ket had what / think will prove by to-
night nothing more than a natural reac-
ton in bull market Louisville & Nash
Vile is going TO 100. Eries. New York
Central, Union Pacific. Southern Pacific
Illinois Central. St Paul Steels and Lead
should all be bought today on a scale
Northern Pacific stock will be traded in
| on exchange. Judged solely by earn
lngs: compared with Illinois Central and
ST Paul. 1.0 should be fair value.
New York-The outlook today is ex-
| tIemely mixed. The one best feature is
the elimination of the wheat corner
Liquidation was so heavy here at the
| close last week that il is believed we are
| not likely TO see any sucn pressure today
| and If it should develop that the selling
movement has run its course We might
develop sharp rally. as the advance in
| the money rate Thursday was due largely
| to manipulation