The Saint Paul globe., 1905-02-21
SPECULATIVE GOSSIP

Chicago to Sidney C. Love & Co., Min
neapolis: May wheat acts pretty strong,
1 understand Kansas IS sending some
pretty bearish crop talk, but feel like
buying July wheat on all reasonable
breaks.
A private cable from Liverpool says:
Maize market here is improving gradu-
ally and We think as soon as consumers
get the impression that the heaviest OF
the shipments are over they will come in
more freely and We may easily have
sharp reaction; as we have written before.
the country appears to be absolutely bare
of stock of maize. and is therefore very
sensitive to any strength on your side,
especially since the Argentine crop has
begun to be very badly spoken of. There
appears no doubt that this has been very
considerably damaged. and you will not
have nearly so much competition this
season.
ground. the top price of s1.21h,~ made
Thursday, being the highest. and 2ssc
better than the high figures last Sep
year. year ago this week saw the
highest prices of last season. 81 09. The
price broke back to s511c in April, when
the receipts of the war scare were off.
Armour was behind the bull movement
year ago. The bull pool of Wall street
men. with John w. Gates at the head. Is
behind the market for May now. They
have been interested in wheat for months.
having brought il down all the way from
Sis to sl-0S. and up to 81 .19h. The
market ran away last week, as shorts
took fright and rushed the price up.
Enormous selling for profits around 81 20
and above by the bull. pool: also by those
who have been in the market for months
and waited for the price to reach their
objective point.
Chicago-B,; F. & c. sold about 500 May
light outside of this. Rosenbaum. w. and
i. and J. Kidston also selling. p, F and
r. and w. p. Anderson bought little at
the opening
ChicagoSBartlett, F. & c. sold 800 bu
wheat from s1.19 to s1.1sh. They also
sold about half million May corn. Wrenn
sold bunch of July wheat; crowd bid it
Chicago-Have had large worlds ship
ments, large increase on passage. lower
markets all around us and yet our mar
ket is higher than 1t closed. This crowd
Is expecting something.
Kansas City wires: A line of yellow
corn sold to go to Cuba. another lot to go
people are buying No. corn here today.
=, Chicago-H people don't buy the corn in
the next week or ten days while some
corn is running. think they will all be
Chicago-Oats easy. with small trade.
Selling by Armour. Sterling, Kidston and
Updike. Buying by Kneeland and small
A Liverpool house cables: Wheat quiet
but firm. Influenced by bad crop reports
from India. Corn quiet but rather stead
Ter.
Chicago-Persistent selling in May after
the steady opening caused weakness and
market Is now nervous. Commission
houses are the principal sellers and there
is not much support. The feature is the
report of damage to the India crop.
New York TO A. ]. Cummings: The rise
in Union Pacific looks as though control
of the property were in demand. Sorties
OF inside parties buying to maintain con-
troll. Generally the market is disturbed
by these sorties. st. Paul ought to be
cheap in the present demand for dividend
payers.
New York-Well, Copper is moving
again and look for so shortly.