The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-18
SPECULATIVE GOSSIP

Chicago to A. ]. Cummings: Should dry
weather continue there IS foundation lot
a bull movement in July, which wouio
help the holders of May to market tnen
May to better advantage. There Is
heavy short interest In July wheat when
might easily be stampeded and the price
forced to CSC. The open interest In May,
although greatly reduced the past TWO
weeks, Is still large, but in fewer hands
Chicago-The following letter Is from
one of the principal grain concerns IN
Nebraska with headquarters at Lincoln:
..WnI state for your Information that We
have never seen such cleanup on corr
time. The writer has secured the state
for white corn without result. Mlxeo
corn is almost as bad and we know OF
a broker who wired today from southern
Of white corn at any price We are sell
ing corn for Missouri points equal 10
5o1ac to the river for mixed corr thei raw own
price which they will do until the new
crop is in sight. Added to this is the
fact that they are busy and will be for
thirty days"
Edwards Wood Co-The entire winter
and spring wheat belt shows unseason-
ably low temperatures: with Killing iros Is
wheat at $3.50. 900 bu are 100000 bu un-
der Broomhalrs estimate. Stocks at MID IN,
neapolis for two days decreased 2OO'Voo
falling off of 725, 900 bu Weakness to-
day. due to action Of corn and provisions,
but long lines In all markets now appear
well liQuidated and any change in the
weather with good support the market
will score a good advance
Chicago-The making of contract wheat
by private elevators has gone merrily on
during the week. the out Inspection. 1885,
600 bu, including 53. 600 blu NO. hard, 49,
600 bu No. northern and 10000 bu No
red. Corn also is being made into con-
blu for the six days. In the same time
139, 900 blu standard oats have been In
spected out.
A Liverpool house cables: Wheat firm
with smaller supplies Shipments more
moderate than expected. Spot corn firm;
futures dull. Shipments too small to al
low of much decline.
Chicago-Everybody taking a crack at
corn this morning and crowd very bear
ish. Would not take much to turn 1t up.
Chicago-Trade very light. Fair com
mission house demand for July. Consid-
cradle May on the market from pit longs
and commission houses; market heavy.
Ellsworth, Kan.-Not any too promis-
ing at the present time. Prospects about
badly needed now.
Perry, Okla.-From present indications
we would estimate about 60 per cent OF
fun crop. Prospects about the same as
Chicago-wheat opened slightly higher.
with trade rather light Rankin bidding
for wheat without getting any Valentine
elined to sell first.
Lincoln, Neb.-Have more complaints
from all over the state this morning OF
pie OF wheat in from vicinity of North
Bend, which shows about half of it turn
Ing yellow and dead.
Chicago-Chicago put 1000. 900 blu OF
corn on the lakes this week, a good deal
of which came out of private houses. and
this helped the increase In the visible
supply of corn just that much
at prices where some export business must
be done. Rather early to get a line, but
six loads have been worked so far,
Would think prospect about IS per cent
of last years. Rain ten days ago.
less than average yield. Prospects 20
per cent to % per cent short of last year.
Rain sixteen days ago.
Chicago--Peavey Grain company, Val
entine and Shearsop II. & Co. selling lit
tie May wheat. easing market. Wrenu
buying moderately on down turn. Armour
leading seller in July:
Fairmont, Neb.-Wheat fields do not
promise an average yield. Looks uneven
and full of fly.
Hendley, Neb.-Early pieces of wheat
look well. but late sOwn about one-third
stands No rain since snow left ground.
New York-Strong demand for Illinois
Central and Union Pacific in the loan
crowd and stocks generally in better de-
:nand. Expected further increase In cap
ital stock of Atlantic Coast may include
rights to stockholders. Twenty-Five roads
for first week in April show average gross
Increase Of 9.72 per cent. Banks will
probably gain currency from the interior
from now On 10 crop movement in the
fall
New York to A. J. Cummings: We think
the Chicago Great Western issue q pur-
chase at present prices We expect to see
big move In them, perhaps today, at
any rate this week
New York-Hutton says: Canadian
Pacific is expected to increase its divi-
dend to per cent in the near future
Louisville & Nashville will earn over IL
per cent this year. 1t is looked on as
being a better proposition than st. Paul
We believe the stock should be bought"