The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-01-28
DAILY WHEAT MOVEMENT
The following are the receipts and ship.
ments at the principal primary wheat
SPECULATIVE GOSSIP

TO Sloney =. Love Co., Min
neapolis: Knight-Donnelly have been best
puyers of wheat this morning; inclined to
think 1t is for Eastern account
chicago - Schwabacher's estimate of
provisions: Pork, 81 1000; JAN /, 38, 1877.
Lard now $500; Jan. /, As, 597. Ribs now
%. 750, 600; Jan. /, 10, 799, 1856. The above
shows al an increase for the month to date
and II, $4,000 pounds ribs. - :
Chicago-Corn market opened a little
lower IN sympathy with lower cables.
B e. F. aS,n G pretty good buyers Of May
sellers. Volume Of trade fair, undertone
chicago-oats opened shade easier.
Co, B., F. & G. The buying has been been by y
Lake and Kidston. Market holding
steady around opening price,. but does
not look very strong to me-
st. Louis, Mo.-A member of one of
the largest houses here tells me he has
advices from Staunton, ILL.,, that farmers
IN IN that section still have SO per cent of
st: Louis is shipping in some wheat to
dull. : %
offerings. More hogs than expected and
lower prices influenced local selling There
was also some outside realizing. Cannot
understand where the stuff goes to.
brokers principal buyers and looks like
for Cudahy Packing company 1t is
thought that J. Cudahy is seller.
Kansas City-That Kansas mills are
basis to Kansas city for ali good il Wheat
and nothing coming there except poor
stuff. Yesterday it was said that three
fourths of a .carlot offered on the floor
was SO poor that millers would not touch
New York to A. J. Cummings: Oper-
ating expenses United States Steel com
those of last year. This has been brought
about by application to all departments of
retrenchment plans made last year, but
not then put fully into effect. Importance
OF saving In management will show later
In net earnings.
New York-The continued buying Of
Erie is still a mystery. The opinion is
expressed that probably only few know
the reason for this and principal source
OF buying that has been so noticeable.
1t certainly looks as though the Fries will
go considerably higher.
New York-American Locomotive
stocks are very strong. Besides the ex-
cellent business they have done this year
e cass are nov igoing to turn out first
this country Of the Mercedes or some
other first class European machine. They
are also working closely with the General
Electric people In turning out electrical
engines which are now coming in vogue
throughout the country. The common
stock ought to be a purchase around these
prices.
New York-We understand that it is
now practically certain that Baltimore Sc
Ohio board of directors will make no
change in dividend rate at next meeting,
which probably takes place first week in
February.
New York; Brooklyn Rapid Transit
continues to make satisfactory increase
! in earnings and there is good authority
for the statement that up to the time of
Wednesdays snow storm the increase for
January compared with last year was an
average rate of Sc, 900 a. day.
New YOrk-The Reading company re-
ports for December an increase IN surplus
OF $623,000, and Ontario & Western, De-
cember surplus. increased $48, 000sa
New York-London has been buying the
list generally around the opening. The
again good buying of Erie.
Argentine visible today: Wheat, 2, 024 ;
900; last week, ], PAS, 900; year ago, 3, $685. ;
600; corn today, 1854. 600; week ago, 1875
600; year ago, S08,90
- Chicago-Corn market opened little
lower in sympathy, with lower cables
q, F.. & c. pretty good buyer of May
Rosenbaum, Valentine. w and L. best
steady.
Hsss. Kansas City wires: Have just learned
of a cash sale of 10000 bushels yesterday
to go to Northwest
Kansas City wires: Millers are paying
$l.o2 for 52-pound wheat and cannot get
Kansas City wires: at have ten letters
from Illinois wanting me to offer wheat
i have none in store, none on floor fit to
grind and cannot buy in Kansas.
been too bearish for their own good They
appear to be short The commission
house demand is good and the market
firm.