The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-07
WHEAT ON OCEAN PASSAGE

"hEfAi OtN OOENtN FSSSAoc
Wheat Increase. Decrease
Week ago Al $4,000 2,S50.000 .........
Year ago 39.624,0oo 2,232,ooo $1,000,
Corn
Week ago rs. 4O5, 900 I,4l4,0OO .........
Year ago. IL. 329 900 9o1, 900 .........
SPECULATIVE GOSSIP
Chicago-To Edwards Woods Co.: Corn
acts strong and healthy. and unless indi-
cations are very misleading, will soon be
worth more money under good all round
buying Receipts are not at all burden
some Most OF Chicago cars are billed
through 10 the east for consumption and
for export The visible supply of corn has
decreased TO point under last year and
Tor the past four years at this time. being
S,524. 600 bu, against s177, 600 bu in 1901.
and 21,014 900 bu In 1901. Prices around
4Sc are Sc under the high mark for March,
sumption has been underestimate. Price
Current says the amount consumed dur
ing the winter probably unequaled hereto
fore Feeders, still have two or three
months to feed, and so long as they can
use corn at better prices than can be
obtained at terminal markets receipts will
be small. Foreign crop news is still de-
c1dedly bad. Argentine weekly shipments
about one-third less than our daily clear
ances. Watch for little recessions and
follow the long side of May corn so long
as the upward movement Is so clearly de-
fined as right now.
Chicago-To Sidney c. Love & Co, Min
neapolis: Local crowd inclined to make
light OF Hessian fly reports. while realize
that IL Is too early for accurate informa-
ton, believe that their interest is large
enough to make very lively market should
reliable reports come in.
Chicago-The legitimate situation of the
wheat market is being closely watched.
The bulls rely on these conditions from
now on TO be the leading price maker.
so far they have not shown anything SEN
sational In the smallness Of receipts of
the magnitude of the cash demand al
though the latter is better than a week or
ten days ago, but is still below the nor
NAL The flour demand is improving in
Spots out the trade. taking IT through
out. is most unsatisfactory. Receipts are
ticipated.
st. Louis Wires-Had several friends
VINO were in the country yesterday, most
of them travelled 100 miles through Mis-
souri,, who claim wheat. though generally
backward. promises well and weather now
just right
Chicago-Little trade at opening. Crowd
little inclined to sell it. Supporting orders
around Sl-15. Some of the pit traders
turned buyers at sl.15A. Bartlett F. &, G.
have bought little May.
Chicago-Corn has good strong under
tone. Principal buying OF May led by ele-
vator people and commission houses. Val
entine moderate seller. Trade light.
New York-Reporting from united
kingdom that our corn is arriving there
in much better condition. Foreigners are
beginning to take hold again with more
confidence as shown by the good export
business Saturday. Look for good bust
ness this week unless market advances
too rapidly.
Terre Haute Wires-There is nothing
being movedsby the farmers at all In our
mt TO wlreae a1<~-
having any corn on hand do not seem to
be selling any. The demand for oats
seems to be pretty good the last few days,
but there are none being offered in the
country at present.
Chicago-The weather is breaking up
everywhere now. This is the time of year
that II it starts to get bad 1t could easily
influence the coarse grain markets for
higher prices.
Chicago-Some covering May wheat by
small shorts, which gives May wheat
congested appearance. Any little offerings
OF wheat would relieve the congestion.
Baltimore wires: Since Feb. 20 ship
ments OF No red from Baltimore has
been $4,000 bu. all of which have gone to
mills. There is considerable yet to go
out.
Chicago-It is officially estimated that
the damage to Indian crop in the united
provinces of Agria and Oudh is As per
cent: The rust Is still spreading. Weather
continues unfavorable- The quality of the
wheat in New Zealand is being ruined by
rains.
A Liverpool house cables: Wheat very
depressed. with excessive supplies. Ship
ments too heavy TO allow OF any advance
though We do not anticipate a big decline.
The Indian crop reported damaged by
rust. The weather continues unfavorable.
Corn firm. with smaller supplies. Ship
ments are too light to allow of any de-
cline.
Kansas City wires: I don't pretend to
know anything about 1t, but there are re-
ports here OF ny now to another house.
AS an evidence of good faith samples
were inclosed and one sender bought
10000 July wheat in Kansas City on it.
Chicago-Not much May oats Offering
decrease Notwithstanding heavy move
ment Of past week. Consumption must
be large. Offerings of sample grain fair.
Cash corn and oats firm.
Peoria wires: Roads cleaned up pretty
well Sunday. Receipts today, II cars
corn and 81 cars oats. Corn sold up an
other 1zc TO Acc for No. and 43c for
No. 4.
Pennsylvania is going to $50 before 40.
That the buying is by the best people.
There are two distinct sides to the mar
ket now and while / believe we shall see
a higher level of price on and think we
shall see considerable fluctuations up and
down for the immediate future, but / also
believe in purchase on scale down. Be
lieve New York Central Rock Island,
Southern Railway and Erie issues. Canada
Pacific. Steel and Iron stocks are all a
buy on scale down.
New York--The buying'of Mexican Cen
trail is again OF good character. Mr.
Gould's very optimistic statements re-
garding the outlook business in the west
and southwest is mainly responsible for
the strength In his securities.
New York-There is very bullish talk
going on IN Canadian Pacific. Louisville &
Nashville. Steels, Union Pacific, Atchison
and Gould stocks and we expect these to
continue the strong features and work
higher.
New York-Market promises to show
improvement this morning, but we look
for irreguarity and 1t will not be surpris-
ing to see a good deal of selling on any
bulge. Among the industrials the most
promising stocks are Brooklyn, Sugar and
A. c. p.
VIEW YORK PRODUCE
NEW YORK. March 6.-Butter-Irregu-
lar; receipts. 1902: street price, extra
creamery. 31G311zc; official price, cream
70 nrfr 10. Ill