The Saint Paul globe., 1905-02-25
SPECULATIVE GOSSIP

Minneapolis: Keep your eve on our July
wheat II you want a legitimate deal.
Chicago think the big trade is to be
In corn in the near future" said Robert
Pringle. who was back from New York
Yesterday, II am looking for corn to sell
at 55c inside of sixty days. My theory is
that farm reserves in the surplus states
will show much lighter than expected and
greatly below last years.
Peoria houses are doing more in GA Is
than Chicago. Two of them sold $50 cars
of oats for shipment Tuesday. and there
was a strong inquiry yesterday.
Chlcago-Acceptances of corn in Illinois
and In the West yesterday were estimated
as high as 100000 bu There were also
large acceptances of oats. and 100000 bu
were sold for May in the pit against pur-
chases to arrive.
Chicago-Out of our two days receipts
OF b22 cars corn. $50 grade No. and 63
no grade. This poor corn Is almost entire
ly from Iowa. The Iowa corn is in such
condition that it cannot be moved when
weather moderates. The good corn COM
ing In here is almost entirely from Ne
braska, where movement from first hands
is now light. This Nebraska movement
VIII not last long in any case and will en-
tlrely cease with restoration OF freight
st. Louis wired: II don't believe that
ST; Louis will get much wheat with our
July wheat 171kc, below Minneapolis. sc
below Chicago and &c below Toledo Min
neapolis Will get the Kansas hard wheat.
Chicago ali the soft wheat. Likely high
water this spring will take care of river
bottom wheat"
Chicago-The present difference between
May corn and May oats will certainly
stimulate demand for these oats that will
take care OF any increase In receipts oc-
casioned by present low rates from West
ern points. The fact that cash No. 3 white
oats are selling at May price and cash
standard at Il C over May seems to furnish
firm basis for market
A Liverpool house cables: Wheat steady
win a good consumptive demand. Fu
lures declining in sympathy with the large
slNrI1 1.nnr
steady. Demand Is falling off
Chicago-f We don't get little ruT of
corn just now on the moderated weather
and cheap rates, l don't know when we
viii and IL you don't buy the corn now
while there is a little corn running / don't
know when you will get chance to buy
Observation-Disclosures large Areen-
tine shipments and increased receipts in
Northwest, wheat acts steady. Commits
sion houses scattered buyers on break
Barrell, Knight Donnelly & Co. leading
sellers.
Peoria wires: Mr.. Roberts OF Morton.
is now in office, and says farmers not SELL
ing corn last few days, although bids
are still good. He is paying Ale at all
his stations. Country roads still good
snow and ice disappearing rapidly. but
TO soften the roads. An unusual amount
or frost In ground. Buckley and Miles
say same thing about light offerings at
their stations.
Chicago-Speculative activity is again
leaving May wheat and this fact is against
any bull movement. See no inducements
on long side at present. and I'm fact con-
slider IL dangerous unless insiders support
the market on all weak turns.
Mr.. ComStock wires from Omaha:
Weather unfavorable for much movement
OF corn and roads are becoming heavy
Mild weather will stop the farmers move
ment entirely. Cold brisk weather with
good roads would bring fairly good move
ment.
Argentine visible supply of wheat. To-
day. 3,76o.00o; week ago. 1850. 900;
year ago, 5:s3s: 900. Corn today. $4,000;
week ago, 994 600; year ago. 5SS, 600.
Des Moines-Farmers selling very little.
deliveries small. roads getting almost i'm
passable Cloudy, misty. soft. thawing
weather: Corn cannot improve this soft
muggy weather.
Chicago-Love & Co., leading buyers of
July wheat s1.01%, Mitchell covering
short May at 81 .1SM.
Chicago-one firm has bought 1850. 900
bu corn from 47Ac up and the trade is
enormous.
New York to A. ]. Cummings: Wash
interstate commerce has adopted res
olution providing for an investigation dur
ing the summer recess by the committee
of railroad rates and kindred questions.
This means abandonment of all attempts
to secure railroad legislation this session.
New York-It is the complaint of the
Pacific that Mr.. Gould has lost the op-
portunity of getting for his Southwestern
roads an entrance to the metropolis. with
out which great railroad system in these
days Is badly handicapped. He might at
an earlier day have bought such entrance
over the Erie. Mr.. Hartman and others
seem to have forestalled him. Kuhn, Loeb
q Co, gossip gays. have bought this week
10000 shares of Erie up to 46 and have
10000 shares more to buy on a single or
der.
Now York-In my opinion the general
market is sale on all bulges from now
on. 1t is just such things as the Hoadley
business that give such men as Lawson
weight This crowd will not be able to
dispose OF new securities. and it will cause
a great deal Of damage to the speculative
holdings in most stocks