The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-07
SPECULATIVE GOSSIP

Edwards-Wood Co.-During early trad
ing the congested condition of May corn
was keenly felt. and prices worked up
Large and small bear interests have been
leaning heavily on the short side, and are
looking for a place 10 cover. Would
ceipts and exports. Think whatever hap
pens will be favorable to strength, and
regard this as a temporary dip that
should be aiken advantage of.
Chicago-In a few days we will have
the government report on the condition
OF winter wheat. and it Is undoubtedly
probably in the neighborhood of SOC. and
this may have a deadening, IL not a de-
pressing erect on the market. and it
wheat until after this report is out Of
the way.
Chicago-Wheat traders may have the
help of floods in the southwest in securing
the rally which nearly all of them agree
is due In the July and September wheat
ON speculative conditions, after so long
and so severe a break. A railroad official
the prediction that the melting snow on
the eastern slope of the Rocky noun
tains where the snowfal last winter is
said to have been unusually heavy, will
cause floods in the rivers fed from that
source, and that the Kaw river. which
flooded large sections of farming lands
Two years ago is almost certain TO cause
Peoria wires: Clear and cold. Ice
formed last night. We got some little
spots OF rain yesterday afternoon, but not
Chicago believe September oats are
getting down about low enough, and 1
think 1t Is a pretty good chance to make
some money buying them. At the very
worst 1 don't believe they can go more
than : or 3 cents per bushel lower, and
With n trouble to the growing crop you
profit.
Chicago-The shorts are putting out
their lines again. but 1 don't feel like
selling wheat short at present. Think you
will have better chance later on.
Chfcago-Wheat market opened prac-
tically unchanged for July. with the prin-
Ing. w. & L. best sellers. of July.
Chicago-Valentine sold little May corn.
y. f. and G. a buyer. There is buying OF
May corn this morning that looks like
st. Louis covering shorts. scaIpers are
the best sellers. Corn is strong. the char
acter Of the buying is good. 1 look for a
higher market.
Chicago-July wheat is a shade easier
on selling by Harry Champlin, Clifford and
pit traders. There is a fair commission
mouse demand on the break. Believe
breaks. Ns"' >" ene
Chicago-Believe Nav oats should he
sold on this rally. The cash demand Is
nat and the market to me looks over
bought. Look for the May option IN 90
out we'll under zoe. 81
C~hicago-The corn market really shows
ohNSiiu StIeiStn. the receipts have
peen. large enough of late to make many
bearish. and in the meantime the shinninS
qemand has been moderate. Wheat has
broken today from see to SSc: in fact al
the surface influences have encouraged
seiilng corn, and Notwithstanding this. and
Ihe TACT that corn has in two DAYS adj
xahced I12c, The advance is practically all
maintained and the market is very STEADY
with speculative offerings now light
Pllsoury Washburn yesterday boueht
Z5O,OOO bu wheat from "A Chicago long
VINO TOOK in the wheat on December con-
tracts and sold it at May delivery prices
gle. ~ TIM
C~hicago-Private advices saw that the
foreign demand for corn seems to be in
cnned TO pick up again IN the last day
.,s ST Louis wires: Good shipping demand.
also strong local inquiry. Corn is ali
cleaned up at about &c over Yesterday
prices. .
New York-To A. J.. Tho
street is inclined to attribute some of the
recent buying of the r. /. issues to hank
nlg interests affiliated with the company.
anu on tne theory that such buying should
necessarily be anticipatory of some ia
VofaoIe impending development there
seems 10 be a pretty broad feeling that
tnese stocks are soon in for a rise.
new fork-fhe only important point in
racing stock is that a deaf is on hand.
and mat the company will require either
the STOCK or its equivalent in cash in
oruer 10 carry Its plans to n successful
conclusion. There is much guessing on
me result. but the street doesn't now re-
gard the. issue as bear card.
New York-The outlook his morning Is
suggestive of a continuance OF moderate
bullish activity with speculation still CEN
tered In specialties.