The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-09
SPECULATIVE GOSSIP

Chicago-It is becoming more difficult to
trade In May wheat The market rallied
+ about $4,000 by a leading Commission
house. Advise combining operations as
much as possible to the new crop futures.
At the best executions in Nav from now
on are likely to be unsatisfactory.
Cnlcaso.1here Is pretty good class OF
buying going on in July wheat. After so
many Gays decline and with the pit mood
so 6earish rally of cent or more would
be in the natural order of things
King & Co. of Toledo wire that the
kentucky condition of wheat should have
given out yesterday.
- Chicago-The break was caused bv a
few stop orders 10 sell May wheat. which
caused a momentary panic with all kinds
of prices made on break Some few com
mission houses started to buy on the
break causing the same kind OF advance
Ms Shic @geot H., kinds Of things doing in
seemed to be on matched orders. On the
oreak scale orders appeared in May which
nave steadied the market. Crowd nervous
wheat
Chicago-Buying May oats at 31z a
81 &c by PeQua and strength in corn help
ing prices of oats. Think with little good
buying market would go higher as offer-
ings are light.
st; Louis wires: No 3 red just sold here
at M;lo12. Our May wheat would advance
rapidly on any good buying.
Chicago-The Gates Bartlett = Frazier
Pringle interest is still bullish on May
wheat, and bought II on the declines yes
bearish yesterday that it led some of the
SharpeSt traders to buy on the break
thinking there had been break enough.
Those who have been bullish most of the
time for twenty years are now bearish.
st. Louis says: / understand there has
been 1900 bu more No. red sold out of
store at $1.16 late yesterday. This makes
10000 bu sold in two days for shipment.
Chicago-There was a semi-panic in
May wheat. Knight Donnelly bought a
little and steadied the market for a brief
time at the start. but when another COM
mission house attempted to sell the mar
ket broke I'm less time than ii takes to
tell IT. The May longs are trying to get
lief lief, fHsste'oieSS u p'''e INC general De-
Chicago-This country will undoubtedly
be. called upon for at least 3,000,0 600 blu OF
the chances are that we will have to fur
nish more rather than less than this
amount. With our present visible and
lack of stocks in country elevators and
movement from the country west of the
mississippi river after the first of April
until late in the summer, it seems to me
that this export demand can be met and
supplied only on basis of higher prices
than these now ruling.
Kansas City = Weather conditions in
the west ideal Crop news all one
way; very favorable.
- Chicago-As far as we can learn pur-
chases of corn to arrive this morning are
ayery-,light. / do not believe We will see
much further decline in corn. and as the
country roads are breaking up it is only
a question of q couple of weeks when we
will see light receipts of corn again in
this market. Corn in Peoria and st. Louis
is selling for more money than in Chicago.
and it looks to me as though We would
see higher prices for corn.
Peoria house has just sold 10000 blu
No. 3 corn to go to glucose works at
Davenport. Ia. at 1910 {. o. b. cars.
Peoria. This does not look like very
large movement of corn in Iowa.
Chicago-The buying in July wheat to-
day is led by a prominent commission
house. which, during the last ten days,
was the leading seller.
Chicago-Following is from a first class
Nebraska dealer: Corn is moving fairly
we'll as every road has been good for
nearly week. II is raining now and may
stop operations some, however. The corn
movement will be over i'm ten days at the
most
New York-To A. J. Cummings: Ten
nessee Coal and Iron company has been
compelled to refuse order of 10000 tons
steel rails for Seaboard Air Line. t. c. l.
rail mill has capacity booked for entire
year. Seaboard placed order with the rail
pool mills