The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-13
SPECULATIVE GOSSIP


market and will be even more SO as that
month draws near. The holdings of May
In Chicago are believed to be as large as
at any time and the late buying OF the
July there was to cover sales made as a
hedge and il is possible that the ma
neuver1ng for the final advance is near to
a close. Sentiment is noticeably more bull
lsh now and best traders are working on
the long side.
ChicagO-To AJ.Cummings: The wealth
er map shows dry conditions over the win
ter and spring wheat country and you will
hear complaints from both sections be-
fore long Seeding in Red River valley at
are the last TO seed as a rule. owing to
Hooded condition of valley. They usually
nave 9 to feet of frost to supply
moisture to the plant through early spring
and L understand the frost this year is
about out of the ground.
Letter from McCracken. Kan. says:
plant about the wheat in Ness and Rush
counties, so took trip over these coun-
ties and find that the wheat is very poor
and in fact Il seems to be going backward
all the time. There are a few spots
where the wheat looks good and some
places where there is not anything at all.
OF a crop 1t will surprise the farmers. OF
course my previous estimates We're made
on the best part of the counties. The
farther l got away from home the worse
the wheat seemed to be-
Everything indicates that the
April government report IS the final card
some little time said Robert Pringle.
The condition thus far is about good
as can reasonably be expected. and any
change must be the other way. 1 think
the condition must be cut down month
AFTER month until harvest. The price, the
prospect of short supplies in July and
the fact that contracts are already being
inquired on for July and August export IA
vors the buying of July wheat. i bought
a fair line today. selling IL on the bulge
here at the close. and will buy it again if
the price breaks"
st. Louis wires: Graham gets following
from his man in Loncoln, Neb. Wheat is
looking fine. but We are not having any
too much rain and the cry next will be
dry weather. / am fearful for Nebraska
prospects for corn for when it once gets
dry. II is awfully hard to start the rains.
OF course l realize IL is too early yet but
burned child breads the fire.
Chicago-Corn is strong. there is good
buying OF both May and July and the sell
ing is poor and scattered. Looks like il
would go higher. Kneeland Kidston and
b. F. and c. good buyers of May corn
"A Liverpool house cables: Wheat and
Wheat is very firm with a continuation of
the continental demand Consumption is
increasing. Spanish imports will prob
ably ably be heavy. Corn firm with good
Chicago-we find on investigation that
on the night OF the 10th there was just
about 200 cars of this low rate corn that
had not gone east of Chicago Three
quarters of this was in the city awaiting
transfer
Peoria wires: Continues clear and cool;
think light frost last night. No signs OF
rain. The lack of spring rains is being
generally commented on.
Ghicago-There has been some large
selling of May corn and buying of May
oats, closing up profitable straddle. The
selling OF corn has prevented n further rise
fnere for the moment as it has supplied
like working still higher.
,Chicago--Armour has changed back
about 100000 bushels of that July and
September wheat today. We look for a
wider difference than now exists
st: Louis wires: got the following from
Morton who does big country business:
Al dependable people. who said up to yes
terday not over half crop was in sight |
but that yesterdays warm rain made quite
an improvement in the outlook OF course
perfect weather will be necessary to keep
II from going back very fast.
Chicago-May wheat was run I'm to
S.l631 by Wrenn buying $4,000 blu, and re-
acted on selling of about same amount by
Charles Pierce Market bare of offerings
and runs which ever way orders come no
matter how small they are,
Omaha wires: w. E. BraSson large
farmer at Adams. Neb.. says neighboring
farmers note a change in looks OF grow
ing wheat the last few days; says wheat
turning yellow and the high winds of the
past week have blown wheat out of the
ground in large spots. This is the first
complaint from this section and talk of
u.
Chicago-Oats opened strong with other
grain. Jim Rankin was the best buyer
OF May oats. The selling was scattered by
commission houses who seem to have a |
good deal for sale around sc.
Chicago-A few reports came in yester-
daS from Kansas City to the effect that in
several sections of southern Kansas wheat
was being plowed up and corn planted. In
northern Kansas the wheat is turning vel
low from some unknown reason Those
who have begun talking drought at Louis
Vile reported good rain Monday night |
The tip is out to buy calls on May wheat
for next week.
Great Bend. Kan, wires: Wheat de- |
Perforated past two weeks: too dry plant |
turning yellow and prospects not nearly |
so good as supposed.
New York-It is said this morning that |
the proposed deal which will include the |
Union Pacific. North Western and New
York Central. has been extended to take
the Illinois Central and that holders of the |
latter will receive two 34z per cent bonds
for each share Of their stock and that
holders Of North Western will receive
three 31z per cent bonds but that the
hitch is over what the New York Central
Is to get. the latter interest holding out
for two 4 per cent bonds. although 1t is
said they have been offered two 31b per
cent bonds for each share of the stock |
Interest i'm this deal is general. but it is
impossible to get any of absolute facts
underlying it.
New York-Dick says: Market will
continue nervous and cratic. On any
sharp drive We think stocks may be
bought, at least for turns. Strong bull |