The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-01-21
SPECULATIVE GOSSIP

Chicago-To Sidney c. Love & Co, Min
neapoiis: Montreal reporting good demand
at best prices in past thirty days.
Winter wheat in Nebraska is generally
covered with snow, says an Omaha mes
sage. Condition is generally good Corn
and oats in Nebraska from farmers hands
prices. y
Wheat opened weak but now higher.
The tone is firm with a good demand for
the old Plate. Corn firm with an upward
tendency. The demand is chiefly from
shorts. The market is Influenced by the
improved condition Of arrivals.
Chicago-While Valentine has been a
pretty good seller of May corn today, the
market has taken it and now has a fairly
strong undertone The feature that seems
to act most against the price of corn is the
lack of outside buying orders, which
| makes it very hard for the bulls to main
tain strong market.
Chicago-This is what happens on a
congested market The minute it gets
oversold and short crowd can only see
the lines of long wheat. Buying over $1.14
has been by the general crowd.
Chicago-Broomhall cables that ship
pers are Offering new Kurachee (Indian)
wheat for May-June shipment at one
on passage Argentine formers are hold
Ing their wheat very firmly.
Chicago-One of the factors that helped
depress the wheat market was the report
that the heavy selling of wheat by Wrenn
the past three days was for the Wall
street bull interest, that was settling up
through Pringles house. The settling
clerks made a good many rings in antici-
patton of securing settlements, but they
| We're turned down by both Wrenn and
Pringle
ST. Louisa receiving house here tells
me they have received five cars of soft
wheat in the last two days from Indian
territory and expect more, as their CORE
| spondents advise them that they have
been holding wheat expecting to sell to
local millerS.
Chicago-There seems to be no rallying
| power in wheat yet. Primary receipts are
large today. Long wheat keeps trucking
| out and the crowd still have their bear
| clothes on.
Chicago-The advance in cables seems
to be unaccounted for except from what
Broomhan says covering by shorts. They
are away out of line with us and can
stand a raise.
Chicago-Oats opened strong. Trade SC
through this viii see some lower. go
| New York-To A. j: Cummings: Law
this. morning headed: The Magic jim
! my" Our papers make no comment on
his new literary production. Reading
for the present a traders position: Louis
| vile & Nashville and Rock Island look al
ready for an upward jump if permitted by
| the general market. 1t is said the Steel
i
| is slated by the street for a 10 per cent
/ dividend. A. c.. p, now the news is out
| will probably be let off around r. where
! they say support will be furnished
New York-There was lot of profess
/ sional selling at the opening, but most
| stocks received good support The buying
| of Fries is much like that which was re-
] Gently seen in Reading. The market
shows no important pressure. III. B. Hol-
| Inns is buying Erie. Looks like Gates
| London has been a heavy seller of Erie
/ today: We hear bull points on Baltimore
/ & Ohio.
New York-We favor purchase of the
active stocks on declines of point or so
/ Bullish activity is exepcted in Kansas
| City Southern, American Steel Foundry
/ Duluth South Shore preferred. We are
! inclined to favor the Erie issues and the
| Steel stocks on any moderate recession
New York-It is reported that Philadel-
i phia is now a good buyer of Erie. That
low priced issue is believed by Philadel-
phia houses to have good future, an6
much of the money made out of Readins
has and will it is said, find its way int
| Erie common.