The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-04
SPECULATIVE GOSSIP

A j. Cummings travelling representa-
i've reports blowing and dragging being
done in northwestern Minnesota, with
should present mild weather continue
FARMERS realized the advantage of hav-
Ing early sown wheat in. as in most
cases IL escaped the rust blight last year.
Chicago-To Sidney G. Love & Co..
Minneapolis: Crowd bearish and pound
ing July wheat May acts congested, and
with light trade look for quick changes.
If government report on corn shows
form reserve or 75. ZOO. 600 or 100 000, 900 bu
more than last year, il will show that we
the crop year, 125. 000, 900 to 49, 200, 600
ou more corn than during the CORE
sbPeonoing time last year. The crop of
serves March were s3s, 600. 600 Blu, showing
consumption from Nov. l to March / Of
4 te9 10000 zoo o 5u The crop of 1904 was
10000, 600 blu more than last year. or
$40. 900 600 bu. 1t will show a CONSUMPTION
Oh i,S2f GOT. GOO bu Nov. / to March l, or
than previous year. II farm reserves are
only 600 bu more 1t will show an
increased consumption of $50 000. 900 bu
SO mat increased domestic consumption,
aoued 10 increased foreign demand
promises 10 make any probable farm re-
serve look small as compared with our
Known needs
only lI6.OO0 Blu. and that practically sold
Cash corn 1c over May. Receipts this
morning, 3! cars. Good southern and
FEEDER in demand. terminating season
at hand and corn for export will move via
eastern outlets. Believe our Nav should
be bought.
quite moderate. The only place that has
corn for sale seems to be Nebraska, and
tnere cars are so scarce that they are I'M
able TO move any quantity
A Liverpool house cables: The demand
Tor wheat Is fair. but at lower rates The
weeks shipments from the Argentine to
Liverpool were heavier than expected,
ou the total. TO all ports lighter than
originally estimated. Futures are neg
Iected and declining. Corn firm with
good demand.
orders enough at s1.151s to check advance.
but crowd little anxious. Finley Darrell
has selling. orders at s1.151z and appears
TO have fair line.
ST. Louis-Brinson. of Thyson. Wag-
goner Co, just back from his mill in
southeast Missouri, says after taking a
twenty-mile drive. is very much disap
crop in that section.
James A. Patten. of Chicago, says:
We have good reason to believe that
this May wheat is held in as strong
position as il has been at any time. and
that it is extremely dangerous to remain
short on this wheat. 1 am fully con-
WINGED that receipts of wheat in the
Northwest. after the middle of the month,
viii run phenomenally light. If this
proves to'b the case. we are likely to see
a very excited market in May wheat be-
fore long
Inglis is out with his report on the Ar
genuine corn crop and makes the export
able surplus 100000 bu against 100000
600 blu for the preceding year
Kansas City-Look at Kansas CITY Nav
wheat. There IS where the shortage is,
and 1t Is cheapest on sale. There is 10c
in buying it if any merit in Chicago
Chicago-Market opened steady. There
has been very light trade so far, largely
local and without any special feature.
Market steady now at opening prices.
Chicago cannot figure out how the
Cincinnati Price Current arrives at its
conclusion that the winters Consumption
said President Valentine of the Armour
Grain company. 1T is more reasonable
TO suppose the reverse to be true. With
the exception of few very cold days in
February, the winter has not been a
severe one. and cannot understand why
the feeding should not have been a great
deal less this winter The mortgage
companies at Omaha and Kansas CITY
say that more cattle than usual were
shipped in during the last two years on
account Of heavy losses from feeding
hand to be fed
c. A. King & Co., of Toledo. wires:
Ohio March report wheat, wheat condi-
Ton a; last January, ~; year ago. 50;
New York wires: $4,000 bu of Oregon
wheat will be shipped back here from
aht"Sip. 1nlS II the last tndt Will De
done.
New York-For the present the greatest
strength will be shown by those stocks
which come into prominence during the
past two or three days. We look for con-
tlnued activity in the local traction
shares, particularly Brooklyn
New York-General sentiment still bull
ish and the leading market interests still
appear to have the market well in hand,
and 1t IS therefore very likely that there
will be bullish activity in various special
ties.
New York-Copper was supported on
the theory of increase in dividend which.
however, is considerable time off. Steels
are again well supported. Very heavy
liquidation of steel common has taken
place during past few days. but all the
stock seemed to be absorbed WELL
New York-T. c. & 1. weak on the report
that the old management has defeated the
Hoadley plan to bring it into the South
ern Iron merger. The weakness is hurt
ing the general market
New York-The break in T. c. & l. and
Sloss-Shefheld cause of weakness i'm the
general market. 1 do not believe it--will
effect the good stocks materially. and
they should he bought fhiS