The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-01
SPECULATIVE GOSSIP

Chicago-To Sidney c. Love & Co,
Minneapolis: Concerns supposed 10 be
long on clique wheat continue to sell. Or
sII5'
Chicago-Provision men have found
some explanation of the recent relative
strength of the lard market by the dis
covery yesterday that the foreign short
interest is larger than had been suspected.
The foreign shorts, finding their own mar
kets lower than the Chicago with this
market consigning lard TO some of the
European ports. have sold short here on
the theory that this market was over
loaded. They have found that the support
here was more stubborn than expected
and that the owners OF the lard are amply
able to protect IL. There was some COW
ering OF shorts yesterday for the foreign
ers who found themselves in competition
also with local talent.
Chicago-Total stocks grain in all po-
sitions; Wheat 3,1i5,O00, increase &, 600.
corn S.06s, 600. increase $1,000; oats 4.039,-
A Liverpool house cables: "Broomhall
makes wheat in and afloat for Europe in
crease 100000 blu. The market is fiuc-
tuating and uncertain. Crop reports from
with a good demand"
Chieago-We think ii extremely doubtful
II there will be any corn turned out TO
Chicago on account of the New Orleans
fire. We are creditably informed that the
elevator interests at New Orleans which
were not affected by the fire have put all
nois Central and that the facilities are
ample to take care OF all the corn pointed
to New Orleans.
Chicago-wrenn and Kneeland selling
little May corn. Brokers also sellers.
Looks like il might be for Armour or
Cudahy. Snap all out of the market and
pit crowd pounding ii. Think IL should
have a reaction from this point. Market
st. Louis wires: 'Lagemberger sold
$4,000 blu red wheat out. of store to the
Private Stocks. Chicago-wheat 2.3es.-
600 bu. increase 61.ooo bu: corn AGO., 900.
decrease $1,000; oats 1850. 900, decrease
$4,000; rye 1000: barley $1,000.
Chicago-Shorts covered a lot of provi-
sions toward the close yesterday and this
morning. Since then moderate sales of
long lard and ribs have turned the mar
ket weak again. Can't see any reason for
higher prices
Chicago-Corn is having hard work to
hold up today, i'm spite OF heavy buying
Would take profits on long corn for turn.
New fork--To A. j. Cummings: Lon
don bought Erie early. There is a strong
bull point current among the arbitrage
houses on that stock. The idea seems to
be that II can be more easily handled than
Reading and is likely to attract a better
outside following among the commission
houses. With Tammany connections con-
tinue TO buy Consolidated Gas. The in
terence drawn is that nothing serious is
intended in the demonstrations for mu-
nicipal lighting and soc gas. The latter
is thought to be intended to block the
former, just as municipal lighting was
proposed to draw public attention away
from the signing of the lighting contracts
There are some signs of disintegration In
the T. G. iron.
New York-Large sales in Union Pacific
was too much for the bull clique, and for
the first time they withdrew their support
There was also good selling of Southern
Pacihc and stop orders were reached in
New York Central. Prices have reached
level when one must expect rapid and
large fluctuations
New York-Some of the big interests
are reported as feeling the advance has
been too rapid and are in favor of a set
back There is also talk of the Equitable
insurance fight being renewed and the
poor pennsylvania statement is respon-
sible for a decline.
New York-The market seems to have
been honeycombed with stop orders. and
this reaction seems to have taken place
to uncover them. We do not think IL will
run much further and see excellent buying
in the market
New York-The avidity with which
sales of the Union Pacific were absorbed
yesterday was remarkable. More than
100000 shares were offered and taken with
net loss for the day of only about / per
cent. Ordinarily a stock market move
ment such as is in progress eliminates
with some important development like a
decision in the Northern Securities case
for instance. There is talk of huge
New York Central and Chicago & North
western. on lines proved legal by the
Northern Securities company. This might
involve stocks and bonds aggregating more
than $4,000 100000 and mileage of more
than 10000. The New York Central Is to
the same price and the Chicago & North
Western at 300