The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-12
SPECULATIVE GOSSIP

Chicago to A. ]. Cummings This buy
ing OF July wheat by Armour and some
Others. and selling September in making
these hedges has drained the market pref
" dry or July wheat. II anybody should
undertake to make some July purchases
they would find very little wheat for sale
Corn Is acting good All this talk about
no export demand east is offset by the
smaller receipts. which are probable west
and the quantities of corn that is still to
go forward on past export sales.
regular warehouses: No. red. $40 1S7 bu,
increase 1882 bu; No. l northern, 9 49S
bu. unchanged; No. hard. 1,O5s,Si5, in
crease 1S2. 1856; total corn, 2.239, 621. de-
crease ere 6o.s6s; total oats, 1920, 123, increase
Chicago-I advise buying July wheat
and selling September for a straddle.
Anything derogatory to the crop. or any
fireworks in May could easily put few
cents on the July and would not disturb
September so much
Edwards-Wood Co.-Corn has been very
stubborn and has shown Independent
ings OF May act as very bullish influence,
being larger than total contract stocks.
estimated receipts for Chicago only 211
cars The situation seems to be adding
new strength daily and as soon as re-
ceipts get down to 100 or $50 cars 1t is
likely that buyers who are holding back
prices.
Chicago-I suppose you think corn is
asleep. II is not. 1t will surprise you
estimated for tomorrow. 176 cars are on
one road: the Chicago & North Western.
When this Nebraska corn gets cleaned up
we should have sharp falling off in the
receipts. while the shipments from Chi
cago and the clearances from seaboard
points Will keep up enough to sharply re-
Peoria wires: Parties in from territory
north OF us in such counties as Henry,
say not half oats sown yet. Some of the
that north of the Burlington road in I'LL
nois they are about half sown. 1t would
seem this is not such an early season
Chicago-Wheat acts like it was low
enough for the present and shorts are in
clined to cover. Some good buying of
i July and j. selling of September, which will
Chicago-Market opened steady. wrenn
& Co fair buyers OF July oats and Mil
The market looks a little heavy.
Montreal-Stocks in Manitoba decreased
100000 since April 1. Western country
report really lower than expected. Crop
Is not raised and good way from it.
Chicago-The theory of the trade is
Inaa me price OF May wheat win be ad-
where the shorts will be forced to come in
by the exhaustion of margins. They will
se a the rd NAY dy,, wheat they can on the
July sales put out from 81 down.
Chicago-So many people here are talk
wheat when 10c higher we may be close
to a time when July and September wheat
can be bought for good reaction.
st; Louis-A receiving house here has
RECEIVED some No. red wheat from a
miller in Ohio to be sold on the market.
Reports show farmers selling more freely
In Missouri and Illinois.
Chicago-The transfer of wheat from
one market center to another like this
100000 Blu that is to be moved from Du
luth to Minneapolis and other changes of
IKE character In other markets. espe-
cially towards Chicago. will make primary
receipts practically useless for compar-
isons in the near future.
Chicago-There has been some pretty
good buying today of July and September
wheat. We have had about as bearish
news as we will get and we may get some
oama.Se crop reports; and 1 hardly think
1t wise to play the bear side any longer
on wheat, unless something new turns
up.
Peoria wires: Parties who have lust
been in Missouri on different roads there
say lots OF feeding still going on there,
corn being brought in from Illinois and
Iowa. 1t costs them 51G55c. The best
parts Of Missouri seem to have no corn
Of their own.
Chicago-valentine has bought about
100000 bu of July wheat this morning
and sold September. He has been doing
this for two or three days and we look
with favor on the straddle.
Peoria wires: There are six cars corn
and three of oats in here today. 1 don't
remember anything lighter than this since
Peoria commenced handling grain.
New York-It is reported that the st.
Louis Southwestern will show large in
crease in the first weeks April earnings
today. 1t is also believed in good quarters
that the preferred stock will go on a divi-
dend basis at the end of this fiscal year.
New York-Dick says: Look for con-
tinued irregularity in the market today
The government report may help stocks
to some extent, but are inclined to believe
that there viii be some further reactions.
Strong interests are behind the bull move
ment in stocks We hear new bull talk
on Missouri Pacific and the Gould shares"