The Saint Paul globe., 1905-01-31
SPECULATIVE GOSSIP

Chicago-To Edwards Wood Co.: Fluc-
tuaftons and the volume of business, while
along narrow lines, give evidence Of
traeted to the long side along with the
strength in wheat and provisions. The
small Increase In the visible and the large
throughout the season. The proposed
change in freight rates will strengthen
demands and move corn East to replenish
stocks. If you are trading in corn there
can be no mistake in doing so along the
line of the news which just now is strong
!y suggestive of a big advance The mar
ket Is heavily oversold, and with no
change in the movement, you should be
on the watch for signs of an advance, and
When you have made your purchases right,
hold for more than scalping profits.
neapolis: Have report from Guthrie, Ok,
saying indications are for larger acreage
OF oats If present weather continues;
piowlng viii begin shortly for spring plant
Chicago-Every bushel of straight No. 2
RED wheat in st. Louis has been sold to
millers and inspected out for shipment
The balance of No. 2 red there is so badly
mixed with foreign wheat that the millers
of it.
case of little wheat being wanted and
none for sale. Any buying would advance
market easily.
Chicago A Montreal exporting friend
says: We had bid from abroad for ten
loads of Manitoba wheat today, February
and May shipment. We accepted bids for
three loads for May shipment. The other
side is firming UP on bids on Manitoba
wheat.
Kansas City-Three cars No. 8 hard just
sold at $1.0S1s. Cash wheat strong. good
demand, more than any time in last two
weeks. Look for a material falling off in
receipts here Immediately.
Chicago = We regard this exceptional
dullness in wheat as an ominous feature.
&c
price is too high to warrant such small
fuctuation. 1t is fairly certain that this
calm will be followed by radical changes
in the price. We think it wise to reduce
lines and adopt conservative methods of
trading until the congestion now in the
market is relieved one way or the other.
Brokers should. we think, ask liberal
margins from customers and not get In
different to what may happen because the
market is sleeping at the moment: We
think it will prove to be the calm before
Chicago Think the heavy selling Of
corn against the large acceptances over
night with country was more than the
bull interest could take hold of at these
prices. 1t also caused considerable liquida-
ton by the floor bulls. So far today about
the only support the market has received
has been by commission houses.
Chicago-Oats opened a shade easier.
Jim Rankin and Updike were good sellers
of May. Hutchinson and S.were sellers
of July. The buying has been scattered
Chicago-It is estimated that Cudahy
brokers have taken fully rs per cent of.
the offerings today buying being particu-
larly good in ribs. .4-r
New York-To A. J. Cummings: De-
cfsion in favor of e. H. Hartman opens
the way to a rehearing of the case decided
in Philadelphia against Mr.. Hartman.
The Hartman attorneys are permitted to
take steps necessary to have suit again
brought before the courts and decided on
the merits as a suit at law. Pending this
suit the assets of Northern Securities will
remain undisturbed. 1t is stated there
will be no delay in reopening the case, as
all parties are anxious for settlement:
New York = Heavy profit taking sales
| everywhere at the opening on big broad
| market. There seems to be general
commission business and stocks are we'll
taken. Hopkins and Savin sold q. p.
New York-RuInor that decision will be
given today in favor of Union Pacific, and
considerable profit taking weakened
Northern Securities.
New York-From all can learn the
buying of the Erie, which will control the
Pere Marquette and c., H. & D., is for
| the Hill interests. Look for stronger
| and higher market
New York-Erie stocks are still good to
buy. but we prefer to await some reac-
| tion. Steels are being sold by traders on
| investigation at Washington. On any soft
spots we would advise their purchase. @te