The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-22
SPECULATIVE GOSSIP

Chicago-Cables are firm and higher on
wheat and virtually unchanged on corn.
and bring the same bids as yesterday for
export exp corn: Receipts OF corn underrun
hands practically nothing. Feel friendly
TO wheat at these prices. Think corn and
oats purchase around these prices.
Armour buying and supporting provisions
ana do not consider them safe sale IN
der those circumstances. Would not be
surprised to see them work some higher.
Chlcago-"May wheat is not worth over
II bu, or July over S5c." said promi-
nent grain man. Nevertheless. there was
a better demand for cash wheat at ST.
Louis and Kansas City yesterday. Prices
Tor II were better and all markets else
where. showed more strength than Chi
cago."
are in active demand; prices 1 to 11sc
higher.
Chicago Market opened slightly lower
on scattered commission house selling OF
May. Buying by Armour grain steadied
the market just after the opening
Broomhall cables: The last wheat crop
or Argentina, BASED on threshing returns,
Is officially estimated at $4,000, 900 bu
against 124 600 900 bu last year
Chicago-We have received a ST. Louis
gram circular and note 1t quotes their
No z red contract grade at $1.061z while
onering native No. red wheat at 81. liz
Inns SHOWS what. the grading of Oregon
wheat IN ST. Louis has done to the value
OF the contract grade in that market
Chicago-Be careful about selling on
weak spots. as market looks like it was
gong 10 be scalping affair for a while
oats at S1Ssc. A. s. White also sold a
good sized lot of May at 31%c. Most of
the buying has been by Mcdonnell.
chicago = Wrenn a big seller of Nav
corn at the opening. McReynolds and
scalpers the buyers. Trade very light
Market barely steady
Chlcago-One OF our elevator men re-
turning from trip through northern Mis-
souri, and southern Iowa says he did not
see over 10000 blu corn In cribs on the
entire trip; that feeders are offering top
Chicago-A brother of Robert Lindbloom
writes from western Kansas that the
wheat prospect there has deteriorated 20
per cent in the last two weeks
New York-To A. ]. Cummings: Gates
says: Market opens fairly active with
more or less realizing in Toledo, South
western common and preferred. Rock
Island and Copper tipped for advance"
New York-A bill was filed In the court
OF chancery of Trenton yesterday to set
aside the merging OF the American To-
company and Continental Tobacco com
panies. recently put into force.
New fork-The market has been firm,
but spasmodic this morning. A few west
ern wire houses. together with the up
town traders, have been the principal buy
ers The buying in my mind has not been
OF nature TO insure confidence. Atchi-
son was bid up by traders and Content,
and the story circulated that 1t would be
taken over by the Pennsylvania on a 8
per cent basis. This is all moonshine in
my opinion. The buying of Southern
Pacific has been by same class and the
story circulated that dividend would be
declared on IL next week. The best infor-
nation that can obtain is that there is
no truth whatever in this. Manipulation
is apparent in the majority of stocks.
New York-The optimistic estimate of
Charles NJ Schwab regarding the net earn
ingS OF the Steel corporation for the cur
rent year, and for 1906. are not regarded
as excessive, and a more bullish feeling
on these stocks has been stimulated
New York-Rumors of proposed mer-
ger In various southern iron concerns are
again in circulation. and il is understood
that these will be carried on by new in
terests. representing important banking
concerns. and interests closely identified
with the Tennessee Coal and Iron 1t Is
not believed that anything definite has
been undertaken at the present time. but
the statement is made on good authority
tnat the merger will be concluded within
the next three months. and the stocks of
higher.