The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-02-17
FINANCIAL GOSSIP

Watson & Co.. from New York: The banking
they are In the position % ha he
demands legitimately to be made upon the banks
during the next six months by the railroads and
BY industrial cOrporattO enormous The
money-lending institutions placing themselves
in position to meet these requirements, and
for the present. The time when we shall be in
trouble vii! be when the movement Of crops be-
Condition Of ' again III becomes our
A ALI blu and il is hardly possble that the
really be In a serious situation before another
year rolls by These n1neness are already max
seryative people arc refusing to increase their
liabilities and are adjusting their Investments
very curtailment 81 speculation will bring about
the cure which is most needed. Our remarks are
not intended to be pessmistic regarding good
railroad shares, but refer to the sentimental
condition Of the market. and offer food for CON
tempt alton more from that point of view than
Whallon, Case & Co., from New York; The
copper shares are again in front They will
..sNew York to Thomas & Dunnett: There is
that backing which is always necessary to make
3 strong market, public interest; but those con-
dlt1ons prevail throughout the country that IL
they continue will force very much highe,s
prices, that is. an enormous amount Of current
favorable trade balance and funds in abundant
supply. In spite Of this, however, we are not
hiehS ai to tn ADVISE buying It
l
ing or notice of any advance, the upward move
ment will be gradual and there will be oppor-
tun1ty to enter the market before it shall become
materially higher. There are rumors here Of
unfavorabe Developments concerning certain
large properties, which, If they we'll founded,
| would cause sharp decline in certain stocks
and sympathetic decline generally. For this
reason and for the further fact of the absolute
lack OF public interest advise our friends to
| stand aside for the moment.
The special meeting of the board of governors
| OF the New York stock exchange to vote on the
| exchange has hoe
postponed until Tomorrow at 1890 p. m in
steady of to-day. The petition to close was
signed by 450 members.
| New York to L. I. Sowle Sons: It is
estimated that the three operators who on
Friday sold upward of 10000 shares of stock had
| session to-day: The easy conditions still pre-
va1ling for call and time money are noteworthy
| features. Foreign exchange still hangs around
$4.SL6O but on account of the frmness of
| Paris exchange on London and the belief that
| the worst of the stringency in the money market
1 pect of gold shipping this week, especially as
| bankers appear to be willing to put out finance
| bills. = -.
| Speculation is mostly professional and we are
not likely to have anything better than traders
market until something transpires to induce the
! large market interests to resume actively.
/ Boston, Mass, to Charles z. Lewis: Our
market has been strong but rather dull all day.
Old Dominion has been the feature in Boston.
| while American Copper has been advanced over
! two points large lots in New York From
| the action of the market for coppers, we should
market will start up again.. On the next advance
| we hear that Trinity and Centennial will be the
| leaders. Utah will sell higher and you want tt
get your people in it.