The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-22

81 10y
| verhoer from Milmine:.. Cables do not re-
spOnd to our advance Of yesterday, and
| simply cannot see any reason why the market
should improve l look to see May wheat
liQuidate at very much lower price than
exists at present. 54s&-- 3o@.I 50 ..
! Johnson from MeReynolds: The trade has
rather ignored the later reports that the pre-
stated. Rock Island railroad weather report
stated that no snow had fallen south Of
Wichita, Kan Al Al in place ace Of rain
far south as the Texasallne. The only impor-
tant buying has been that of Armour &, Co.
Corn has had the support Of MT: sPatten:s- The
| corn, as a little buying starts this class of
| trade to covering. - 80 =
| Total clearances equal 4o4, 900 bu wheat and
-four; corn. $4,000; oats, 1900
! Reports from England are to the effect that
| the harvest prospects have improved.
| The state department Of Michigan has issued
it's crop report for December. 1t points out
| that the average temperature has been de-
! grees below normal, but that the ground has
| been fairly we'll. covered with snow and no
| Broomhall cable: Reports from New zea-
| land state that the harvest prospects have
| Chicago Board Of Trade memberships are
| firm and active at 600 to 81, 100 to buyer
Chicago to- Lewis: Think wheat should be
! bought on this break. I believe there is
under. @''AS - t.'s@-' y r." -.
INVESTMENT GOSSIP
! New York to Whallon-Case: Argument in the
Northern Securities case will be heard Jan.
! %, but as to when a decision on the case will
! be rendered is guess work. The first day
possible for a decision is Monday, Feb. 3,
but it is very unusual for the supreme court
to act so promptly.
,Whallonr Case from Dow JONES' Wire
houses with western connections found bust
They reported, however, better sentiment
in the west, but particularly in Chicago,
where the feeling was rather more sanguine
on the better prospect of winter wheat and
the ease of money in Chicago. The Northern
Securities decision is the important thing to-
sentiment in London, but not much disposi-s
ton to emphasize 1t. lis
New York to Edwards, Wood & Co.: The
market should do better under the influence
of stronger London market and on account
OF the improvement in the crop conditions In
the winter wheat belt; Short interest is quite
market the professionals are less bearish and
more inclined to buy than for week.
Gould interest acquiring Lackawanna Lon
don reports further reduction in bank rate.
10. R. Keane expected to-day or tomorrow.
Talk Of possible suspension of National Salt.
Waldorf stock gossip to Watson: The con-
vict ion deepens mat be adjusted
couraging factors in the outlook and con-
sensus of opinion continues pessimstic The
, old bear arguments of high prices and waning
speculation are making converts to the short
side, while the stubborn refusal of the public
to buy is a serious damper of sentiment.
Indeed, leading brokers agree that never in
the history Of the street has there been such
sudden and absolute withdrawal Of out
side investment orders as has occurred since
announcement was made Of the Atchison bond
issue, and. unless astute judges Of the public
temper are greatly mistaken the demand
time.
Pressed Car directors have declared the reg
ular quarterly dividend OF LIZ per cent on the
preferred stock and per cent on the COM
mon. Profits for 1901. s1.s27,s25, against g.
900 last year.
paw" said little Johnny Wise, 81 see that