The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-01

Special to The Journal. -"
New York Oct; 1.NIMen who have an intimate
assert that the business Of the bucketshops, far
from having been checked by the recent Juror
against irregular trading in both stock exchanges
and disciplinary measures taken by the govern
ing authorities of those institutions, is going on
in much the same manner before, and has
greatly increased In volume during the two or
three months since the eXpulsions We're made.
1t has been frequently observed of late that
the prediction made at the time that the fuss
over these despised but exceedingly prosperous
parasites of the stock market would blow over
has been fulfilled 1t is not denied that the
expulsion Of several members from the exchanges
and the sharp warning served on others against
whom the evidence was not sufficiently con-
elusive to warrant more drastic action have had
a certain effect, namely that fictitious trading is
carried much less openly and with much less
of the appearance of official sanction than was
the at one time, but brokers are convinced
that the bucketshops are receiving large per-
centage of the increase in commission business
which has attended the return of sound market
conditions. tour Of the financial district dis
closed the fact that a number Of firms whose
exchange connections have been severed are still
doing business while others preparing to
sumo. Among the latter is house whose fail
ure vas OF spectacular nature vet notwith-
and principles 1t is said to be assured salts
factory volume of business. 3# =. .hl"
IT is n fact we'll known that a considerable
body OF Spectators desire a bucketshop service
and know perfectly well what sort of a game
they are playing. 1t is equally true that these
extensive wire systems could not subsist on the
patronage of that class, but must depend for
their profits on their winnings from and
women who believe that their orders an honestly
executed, and that they can take down their
paper profits whenever they please.
Gates and "Jeff'' Levy.
The publication of bullish interview with
John W. Gates declaring that stocks should 20
higher, and saying that he was particularly be-
lever In the future of the steel trade. attracted
some attention from the curious. Bullsh inter
! views from that particular quarter have usually
meant that the Spectator himself and his asso-
ciates were selling trying to get an oppor.
tunity to sell. Two of the occasions on which
such interviews came from the source in Ques
ton were October, 1902 and June, 1908
Jefferson NJ Levy, a well-known Spectator
who has just returned from Europe, is very en-.
thrsiastic regarding conditions in the United
Stat ties. He says that In his opinion the wheat
corn and cotton crops should be regarded as eX.
cellent and he believes that the actual corn
crop Will be considerably in excess Of 2, 900 900
zoo bu; He says that conditions in Canada
along the lines Of the Canadian Pacific are par
ticularly good
The "waldorf Crowd"
The sentiment of the Waldorf party Is decid
eddy optimistic and even more confidence in thu
the future of the market is manifested than a.
any time during the recent upward movement
The AtchisOn annual report has been freely dis
cussed by prominent railroed men who are ii
town; and by financiers. While 1t Is expected
that an effort may be made to construe Presi
dent Rfpley's request for additional capital a
a bear argument on the company's stock. It 4
pointed out that he does not ask for more none,
on the lines already established, but to develo
territory adjacent to the main line. The opin
Ion Is expressed, that the need of money for thes
purposes Is evidence of the rapid growth of til
west and this feature of Mr. Riplev.s renor
Is to be regarded as extremely favorable 3
$. s. Schroff.