The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-24
SPECULATIVE GOSSIP

Chicago to Edwards-Wood Co.; The
present activity in wheat has resulted In
big trade and for several days there has
been evidence Of the best interests buy
ing on declines. In Chicago the shortage
In May wheat is estimated at 20, 900, 900
bu, and that month is but little more
tnan thirty days away, with the contract
wheat OF the country in small supply and
so doctored up by mixing that considera-
Die difticulty has already been expert
enced in getting II inspected and ac-
cepted on contracts when moved from
one market to another.
Chfcago-A charter made over a week
ago was that of the steamer Howard
Shaw for 270,0o0 bu corn to load at South
chicago at 1kc TO Buffalo. The low
rate was on account OF the large size Of
the cargo Two charters have been made
opening Of navigation.
Chicago-There has not been nearly
the pressure on oats today, as was the
selling today from sOZc to s05zc. and
Friedman also sold some more oats but
commission house demand has been the
feature since the dip
Peoria wires: Been raining pretty
steadily since 6 o'clock this morning and
looks now as II II might continue during
the day. We have not had enough pre-
roads, but think this will do it.
Chicago-Pft shorts and the scalping
element are the chief buyers of May
Any further good selling would probably
start a quick break
Chicago-w. & L. big sellers Of May
ing. Scalpers the best buyers Market
acts heavy. Congdon is buying a little
May corn. Think it is covering short for
August BroSseau.
corn lower affected by American adyices.
Markets are very steady at the decline
and would be likely to respond quickly
10 any improvement on your side.
Chicago-Market opened weak with
commission houses in general having SELL
ing orders and stop loss orders. Love has
been some buying probably against puts
by the pit crowd.
Chicago-Weather could not be better
for wheat. Rain where you want il and
sunshine where you want il.
Chicago-Shorts keep coming in and
market keeps going lower. keeping the pit
situation weak all the time.
New York-To A. j. Cummings: Bank
ing authorities are quoted as saying that
n money. stringency is not at all likely,
there being ample funds to prevent it
Ihere is no doubt that there has been ex-
cellent buying of Mexican Central for
some time. 1t is tipped for big advance
when the present general market reaction
Is ended. Recent persistent strength of
industrials has directed considerable at
tention from railroads. 1t is said that
many professionals. as a hedge have been
selling the railroads and buying indus
trials. The president of Corn Products
company. explaining the cut in preferred
dividend said, during the greater part of
last year the general depression in bust
ness and increased competition in starch
and glucose industries seriously affected
the companys earnings. The declaration
OF per cent dividend on Tennessee
Coal and Iron makes the first since No
yember. 1900 when per cent was maid.
Sloss Sheffield has advanced the price of
FOUNDRY iron 25c a ton. Uncertainty as to
stability of the speculative position has
perhaps more to do with present liouida-
fion in stock market than any other fea-
ture.
New York-Randolph says: 'T think
the speculative position has been much
improved by yesterdays decline and that
II Is probable we shall see sharp rally in
the market"
New York-There has been selling OF
long stociSdn New York Central this morn
ing. Western wire houses have done
good part of selling throughout the mar
ket. Traders bullish now and buying
freely for q rally.
New York-The short interest i'm the
--arket has been increased considera bIy
and q more active borrowing demand for
stocks is In evidence. especially for Union
Pacific.
New York-It rs avery heavy market
and looks like to me liquidation com
mencing. Some big interest is again sell
ing Union Pacific New York Central.
Atchison. Copper and Steels 1 suggest
selling stocks of-eyery rally.
New York-The tip to buy Union Pa
cific very generously was given out this
morning. The market needs better sun
port than tips. Looks top heavy to me