The Saint Paul globe., 1905-03-17
SPECULATIVE GOSSIP

"
the following resolution in the house to-
day. which was adopted: Whereas. the
state inspection department is under the
direction of. the board of railroad and
warehouse commissioners, inspecting Rus
sian red wheat from the northwest and
far west. though greatly inferior to the
wheat of Missouri farmers. and giving il
an arbitrary grade of No. 2, thereby
bringing IL into open competition with No
missouri wheat. to the great injury and
damage of farmers of Missouri therefore
resolved, tnat the said board of railroad
and warehouse commissioners make i'm
mediate report to this house, giving a full
and complete statement of all the facts
and reasons for said order and inspection.
Chicago-Good buying of May wheat for
Armour account which helped steady
prices, the orders supposed by some trad
ers TO come from Minneapolis. Bliss ex-
ecuted the orders, and as houses which
nave had wheat bought of the Armour
Grain company for weeks which did not
settle found it settling readily after the
close, those aware of this condition con-
cluded the buying was TO cover short sales
made some time ago by that interest.
Chicago-The July and September fu-
lures in this market are getting to. a
the same deliveries. The price in this
market is Of over 10c a bu, almost en-
tirely on prospects. Is ii not wise to know
a little more about the growing crop Gone
third OF which is not in the ground yeti
before. following the short side further?
"A Kansas City man says he just re-
turned from a trip over the line in Kan
saS. The condition of wheat is uniformly
splendid, although larger than a year ago.
Our actual receipts are bigger now than
last year, that is 67 cars against ga.
Chicago-J. A. Rankin bought about
100000 bu July wheat at &c and bid for
more. He has bought three-ouarters Of
a million so far today
Chicago-I believe the whole line is a
corn and May oats. We know of corn
worked from the seaboard last night on a
basis of 49% &c for May corn I'm this market
Mr; Cowgirl president Of the Trans
Movement of corn and oats from farmers
very light. All roads short of cars
Chlcago-We did not purchase a bushel
of corn at our Illinois Central stations
OF corn on our postal bids last night. al
though our bids were fully in line with
those or our competitors
Milwaukee-We are getting a good deal
Of talk of Hessian fly in Nebraska. In
the first warm spell out there think there
VIII be general complaint.
Peoria wires: Our total acceptances on
card bids are three cars of corn
Chicago-A little commission house
selling of May corn at the opening Buy
ing, on the break by commission houses
Kansas City-Cash wheat 1c higher than
yesterday, with eight cars left over for
tomorrow.
Chicago-Everyone selling July wheat
The next reports cannot be any better
and they are liable to be worse / would
rather buy July and September wheat now
than to sell it.
New York-To Al. Cummings: I'VE
are no doubt in for an irregular market
today. Ae least recent developments in
dicate It Although the reasons for the
aprupt rise IN money rates yesterday are
1ully known. the street will not feel fully
assured on this point. and will watch the
money question more keenly from now
uT11I rraelrr
milton out of the incident as possible and
VIII do all in their power to depress the
iist on any signs of market hesitancy."
New 1ork-London unexDectedlv comes
stronger than we have had IT for long
time. Chesapeake & Ohio is up 15I
Union Pacific is up IL and the ma ioritv
OF other stocks up y. The market GER
tainly shows great strength. although the
more conservative houses are strongly ad-
Vlsing their customers to realize and take
prohts. The United States senate adjourns
tomorrow, which will close all legislation
until the next congress meets london
cables state that the London bankers feel
confident that the Russians will soon
start 4 movement toward ending the v,ar
New York-The market has been sold
by Gates and the Waldorf Hoffman crowd.
the same clique that were bullish the Ia st
three days. In my opinion if the market
rallies more It will then sell Off again
There has been, however at all times a
good market TO sell stocks When the
London market closes the main support
New York-Money is loaning at 316 per
cent freely. The indications of firmer
money markets are causing this weakness.
lhere are more stocks offered in the mar
ket and II one of these numerous deals
Is not announced, look for further liqui-
=. Now York--Very strong bull talk con-
tinues to he heard on ChesaDeake e. Ohio
win predictions varying from so to so for
the stock. and intimations of something
important TO come out on IL which will
develop bullish sentiment "'--