The Saint Paul globe., 1905-03-25
SPECULATIVE GOSSIP

A j: Cummings received the following
from r. McKinnon. special partner OF
Logan x Bryan, Chicago: IT see nothing
In the wheat situation on which to bull
the new crop futures. Sell Juiy and
september on all rallies. Our private
wire system from coast to coast enables
US 10 keep in very close touch with the
Edwards Wood Co.-Provision prices
nave nave ruled strong and generally higher.
Ine character of the trade shows little
change from yesterday. Receipts of hogs
are very moderate, while the demand from
Shippers Is strong. Prices at the yards
Ior the week have averaged around So. 80,
against 50. 13 a week ago and $5 IS a year
ago Liverpool markets were not as weak
today. Quotations on lard show an adj
vance OF I'd We do not see much in
lhe conditions TO base claims for a lower
market, and think weak spots will be only
temporary.
Liverpooll,--visible supply-wheat to-
year ago, 4.446,000 bu. Corn today. 634.
eSy eSy nou 6n; week ago, $4,000 bu; year ago.
Chie;ago%Market holds well. with weak
ness ness IN wheat and estimate of 4I0 cars
IoF tomorrow. ]. H. Wrenn Offering 100
corn S Pit traders bearish to man.
ooe argentine Visible-Wheat today, 6,624,-
wy pu;- week ago, 3.SSS. 900 bu; year ago.
1,44e000 bu. Corn today. 634. 900 bu: week
aso, eIo,OoO Du; year ago. 591, 900 blu.
n,Sa SSnleago-Valentine selling little May
wheat around 81 .12iz to S1124. July
wheat opened easier on weakness on Min
neapolis curb. Rules steady since open
ing. OPe''
a Liverpool house cables: snot wheat
auii, FUTURES firm, advancing in sympathy
win good demand from the continent.
CON hrm, with better demand.
broomhaii-The Argentine corn mar
foreign demand. The weather continues
iaHoraple for gathering the crop.
Uae,L UIeVsla wires: Receipts about 40 cars.
stations. No acceptances on our card
bids.
New York to A. J. Cummings-Market
IS closing very strong at about best prices
OF the day. Pronounced strength in the
southern steel properties has been the
feature OF the market Both rails and
industrials have participated in the gem
eral advance, with short covering very
urgent. In the early dealings some little
hesitation was shown, but through most
OF the session the market has been broad
and buoyant. AS suggested in our letter
OF yesterday, the dragging tendency OF the
market the past ten days had naturally
encouraged the bears and increased the
snort interest materially. In special stocks,
particularly the steels they are paving
dearly for their hardihood All things con-
sldered market acts as IL II has had its
Dreak and the closing tonight holds out
more promise than for some time
New York-It is thought that the plans
Tor q merger of the southern iron COM
panies has not been abandoned, but that
new interests have taken il in hand and
IL Will be carried TO successful conclu-
sion before the end Of May. The new con-
tracts Of Republic Steel and Iron COM
pany with the Pittsburg Steel company IS
a bull card on Republic preferred, and
this stock should sell higher in view OF
the expected payment OF dividends on it
during the coming year.
New York-Hilton SAYS: 1.-The recent
sharp rise In Northern Securities and the
pronounced and prolonged strength of the
standard railroad shares following the re-
cent absorption under the accumulation
by premier market manipulation is most
slgnlncant OF early developments OF far
reachlng Importance in the railroad situa-
ton. There are some undercurrent mat
ters Which have been nosed out and some
facts which have come to US under the
seal or secrecy that bear on the greatest
deal or recent years. 1t will pay to re-
main q bull"
New York-It is understood that United
states Rubber directors at meeting In
the last OF this month will declare an ex-
ira dividend OF 2 per cent on preferred
stock In addition to the regular-1% per
cent. For the current year the company
has already paid 412 per cent The extra
dividend VIII make the dividend for cur
rent year equal to 8 per cent It is
the intention of the company to keep the
dividend hereafter on the per cent basis
Official says more than double the amount
OF preferred stock dividend at present
time.
New York-The gossip Is again heard of
the change OF control of Union Pacific
from Hartman to Morgan interests The
Lead issues are again being accumulated
by certain interests who have been ac-
tive In the stock for some time. / suggest
taking profits now. Think you can replace
cheaper later on.