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

A j. cummings says: L have had the
managers of my several offices throughout
the state of Iowa canvass the situation on
corn in their several localities and the
general tenor of the reports~coming in
reSentative wires this morning: 80 cents
May l."
Chicago To Sidney c. Love & Co.
Minneapolis: Feel confident in advising
purchase of July wheat on all breaks.
We will have bad crop reports before
Chicago--'T feel friendly to provisions. -
said a local man. THE bulk of the hogs
are behind and the period of consumption
1 Is at h nan Stocks OF course. show up
they will be used up
Des Moines, Ia.-!Country roads still
bad for heavy loads. Estimate ten days
good weather to get roads in shape to
haul Anticipate light movement of oats
and corn all this month at best
Chicago-We have it on very reliable
authority that at the meeting of the rail-
roads tomorrow a basis Will be agreed
upon as between the gulf and South At
lantic ports, and ten days notice given of
advance of western rates to tariff. This
will make difference of &c or 4c a
bushel in the cost of getting corn east
and will stop all movement of corn from
rates go into effect and we then cannot
expect any movement of corn to amount
TO anything until June.
Chicago<We are getting reports of
seeding operations. 1t makes little diff
ference how early they commence seeding
seasons and harvest cannot be FASTENED
by premature seeding. Cutting of wheat
In the northwestern states never vet has
been done before the month of August.
ana II Will not be done this year any
earlier than usual.
A Liverpool house cables: Wheat de-
Ginning slowly. Argentine shipments are
with not much inquiry
Peoria wires: Parties in from the coun-
try this morning say there are no roads
III the country. This applies to territory
east and south of us, not so soft yet
north and west of us. We made strong
bids last night on corn and oats, bought
nothing.
IChicago-Sickel Roberts have sold prob
ably million bushels of wheat today, and
1t Is now higher than what they sold a
single five of il at This shows the wheat
market is not nearly SO weak as many
suppose il is.
Chicago = Oats market opened strong
Hutchinson and Shaw and Fyffe Manson.
The best selling has been by W. and l.
and other commission houses.
the principal demand is from local trad
ers. There has been some buying by
b. F. and c., and Kneeland Selling is
scattered and unimportant.
Terre Haute wires: Only bought three
cars corn on our bids this morning Look
for light movement in corn and oats. If
present weather continues roads will
break up in day or two.
Chicago-One of our corn men says he
put out highest bids for corn that went
out of here last night to 900 Iowa points
He reports no acceptances.
Peoria wires: East all wiring for prices
on oats this morning. No. white. No. 2
white and clipped. st. Louis wants to
buy both corn and oats.
Chicago-This crowd thinks Valentine
orders in to buy at $1.15. Crowd bit off
too much at $1.15k and then sold out
again.
Chicago = This crowd think Valentine
ur-fiushing and wanting to buy wheat.
He sold little at s1.151k. crowd took it
and bid s1.15 for fair line. It's a hard
market to read runs 6%c easily
New York = After midday the market
continued to show a great deal of strength.
The London buying had afforded some
encouragement. and traders for the most
part were following the upward move
ment. believing that 1t was backed by the
larger financial interests. The movement
in Peoples Gas was credited to j. w.
Gates. w. l. Stowe & Co were the most
conspicuous buyers. bidding up the stock
and taking some $1,000 shares i'm the
course of the advance L. A Copper and
Herrick were conspicuous on the same
side. The selling came from the special
list.
New York = New York Central and
Pennsylvania interests buying Erie causes
the advance in Erie. This is the belief on
the board Reading is getting strong on
buying by Gates.
New York-The market is feeling the
effects of heavy realizing. particularly in
the gilt edged stocks. The Steels are
still being well absorbed. Very prosper
Gus conditions of the steel trade and ac-
tivity in all branches being accountable
for steady absorption of the stock 4of
United States Steel corporation.