The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-03-04
SPECULATIVE GOSSIP

New York to L. T. Sowle: The stock mar
ket opened generally higher this morning
with exception of fractional declines In Sugar,
Erie and Chicago rGeat Western. The big
earnings of the Northwestern ia accountable
for the buying OF these stocks Pennsylvania,
Manhattan, Rock Island. st. Paul and Colo
RADIO Southern were all in good demand at ad-
vanced prices. There was fair buying OF the
steels around yesterdays closing prices.
Brokers had few orders to execute bu,
the condition of the wire service is as bad
as yesterday and orders are slow in coming
through.
Chicago to Watson-Chcago has been a
free buyer of Chicago & North Western stock
for over a week. People close to the man
agement have been picking up the stock.
The basis Of the requirement is not known but
it is conjectured that the executives have in
contemplation plan Of some kind which will
rebound to the benefit Of stockholders This
may be division Of the surplus, increased
dividends, issuance of new stock for the ex-
tension Of lines, or the taking over of an
other company, the Omaha, for instance
Nothing definite is known but it is a GER
tainty that some important move is in ne
gotiation.
Expected gold exports by Thursdays steam
er may total $s,0o0,o0o
Northern Securities, 1029103.
Broomhall cabled: Affected by the dullness
q,
Liverpool opened I'D lower and further de-
clined an additional I'd later in the session.
Corn opened I'd lower, being influenced by
the decline in America and pressure Of corn
on spot. During the morning March remained
unchanged, while May declined further I'D
Chicago to c. E. Lewis: Our Des Moines
office wires as follows: Weather warm and
clear skies. Country roads in horrible con-
dition No movement OF grain from first
hands Ground bare OF snow
Paris close: Wheat. centimes higher:
four unchanged to 5 centimes lower.
Antwerp: Wheat closes unchanged.
Liverpool close: Wheat unchanged to vi
higher; corn I'd lower than yesterdays close
81 am telling our people who ask me as tt
the speculative wheat trade says Charles A
Weare to the Chicago Herald ito scalp the
market on the bull side. I am telling then
| to try to get in on such breaks ras this to-
| day, to try to sell it on the rallies. aud, tt
not get short on the market while the croI
| proposition is as uncertain one as it is jus
| now
Kansas City wired to c. H. F. Smith: F. G.
/ Hayward, just returned from Sumner ant
/ Sedgwick counties in Kansas. also visited
Hennessy, Okla, and drove twenty miles HI
SAYS il all the wheat in Oklahoma and south
/ ern Kansas is as bad as what he saw and ex
amined, they will not raise half a crop witt
the most favorable weather from now on.
! Foreign crops: Belgium-Sharp frost ha
4 been experienced in the south of the country
i Great quantities of snow have fallen. but Il
/ the north very little. Germany-Milde
i weather is reported to-day. but last weel
/ there was hard frost. Fortunately goo
4 | quantities Of snow fell before the frost be
came severe. SO that the crops have had ampl
protection.
i London March Wheat off coast, nothin
4 doing; on passage, buyers Indifferent opera
tors Corn off coast, nothing doing; on pas
Usage, rather easier
4 Liverpool, March Spot wheat unchange
to "a lower; spot corn. 51x9Nd lower.