The Saint Paul globe., 1905-01-12
SPECULATIVE GOSSIP

SnicdgO-MarKeI IS extremely nervous,
and an order for fifty either way will turn
the market. w. L. have been fair buy
ers of wheat at about $1.17, Cudahy
brokers have bought little wheat on the
Chicago = Offerings of wheat are not
large at opening Trade is small and con-
tined to pit operators. A couple of the
locals 10 who sold wheat yesterday towards
the close are picking up little.
Cn1cago-Newport News cleared 700 600
bushels of corn last week. It was not re-
ported s2l before just received this morning.
this country last week.
st. Louis wires: There are bids here
from North Carolina mills this morning
Tor good milling wheat.
Chicago Outside markets. especially
Minneapolis and st. Louis were weak on
Liquidation, and it started selling of wheat
here on stop orders.
Chicago-Oats market opened a shade
easier Rumsey & CounselmaH were the
best sellers. Kidston and the locals the
best st buyers; Market now steady.
Chicago-Scalpers are moderately bull
lsh on corn, and are buying it on the
strength in wheat. Trade is so very linn
tied that much change in price seems un-
likely.
Weather in Argentine wheat districts
for twenty four hours ending Jan. 10:
Lighting and rain in places.
m hansas ans & CITY wires: , Mills are swapping
to one mill; all the mills are represented
on. the floor.
Chicago valentine selling wheat openly
81 174A has sold about 200, the crowd TAX
Ing all he sells: Clifford took 100.
Chicago-The trade in July wheat is
getting more general and would advise
trading more generally in it. Think you
can sell it on all hard spots.
Chlcago-As corn advances the trade in
creases. Shorts are covering and there is
good speculative buying and the under
over 45c.
Chicago-Trade in corn is small. not
many corn orders and business is mostly
local. Offerings light, good many traders
bidding &c for May corn
New York-To Sidney c. Love & Co.:
Expect another dull and narrow stock
market today,wi occasional strength,
but the market at best is only sca1ping
one for the present.
New York-To A. J. Cummings: Metro
poiitan opened stronger, although claim
that stock is oyerSold is not borne out by
any evidence in loan crowd. There is
a growing suspicion in quarters where
traction situation is understood that re-
ported hostilities between Metropolitan
and InterbOrough may be only cloak for
long talked of merger.
New York-The talk around the Wall
dorf this morning shows confidence in the
future of the market 1t seems to be be-
lieyed that the market will not continue
professional very much longer. There is
considerable discussion of the merits of
the individual securities and the pOSSibili-
ties of these assuming prominent posi-
ton in the trading soon.
New York-The strength of Southern
Pacific is due to the rumor that refund
ing scheme will soon be announced, and
after 1t has been put through will be fol-
lowed by dividend on common stock.
New York-The securities of the vari-
Gus companies that will participate in the
coming consolidation of the Chicago trac-
ton properties are likely to figure promi-
nently in the trading for some weeks to
come. There is no real bearish news re-
garding steel stocks, and as always inti-
mated they are likely to be favored as
soon as the market becomes more active. :
New York; am reliably informed by
good friends of ours that the Metropon-
tan-Interborough deal has been consum-
mated. That they say Metropolitan has
purchased the control from Mr.. Belmont
and has friends of Interborough at a
price stated to me, $500 per share. I give
you this for what it is worth, but it comes
from very good source
New York-We get strong. bull tips on
Eries. The same people who bought it
around 3S are said to be taking it again.
The trend is again slightly upward. The
preferred stocks. will move sharply when
operations commence. Floor crowd is
selling on advances.