The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-18
EASY MONEY COMING,
Says WALL STREET
Bankers See Better Things in the
Future for the Bulls in
Stocks.
Special to Tho Journal.

. Special to The Journal.
/ New York, Nov. 17.-Men who have
/ been watching the movement of cur
/ rency from New York to western points
| are confident that from this time on
/ the movement will be from the interior
4 to New York and in a steadily increas-
/ ing volume. The head of a large COM
| mission house who discussed the none
Il tary situation somewhat in detail with
Il several prominent bankers is of the
/ opinion that this movement alone will
!. furnish substantial relief to monetary
1 conditions in New York. He believes
I also that the payments which will be
!! made by western mercantile houses
/ during the present month for merchan-
/ disc purchased several months ago will
be a factor in the local money market.
OF course, it is pointed out, if money
suddenly becomes materially easier here
gold shipments to Europe would be
probable.
Shrewd observers are beginning to
gsget suspicious of the pessimistic talk
4 which is being circulated with respect
/ to both the money and stock markets.
During the days of extreme dullness
on the exchange recently, not few
board members have devoted consider
able time to watching the transactions
In the leading railroad and industrial
issues. Most of them have come to the
conclusion that inside interests are
quietly taking practically all of the
stocks of this class offered. These
|, board members, in company with other
conditions. do not believe that the
money market is actually as tight as
is represented. 1t is even admitted in
banking circles that the rates quoted
for money recently were due in no small
degree to manipulation. Not a few OBJ
servers are Of the opinion that for
several days the rates for money may
remain high and may be advanced tenn
porarily to even high her figures than
were quoted last week and that stocks
may decline moderately. It is believed,
however, that in the near future i'm
portant relief will be given to the
money market and that prices for Sc
curltles will turn upward very sharply.
Railroad men do not expect a strike
on the Erie or on any of the railroads
on which certain classes Of EMPLOYEES
are asking for higher wages and
shorter. hours. One railroad man, in
discussing the situation, said that in his
Judgment there will be a general in
ployees thruout the United States and
In the employees Of the larger and most
L prosperous industrial corporations. He
looks for corresponding increase in
h railroad rates and in the prices of the
manufactured product of the leading in
dustrial companies.
A we'll informed man who has lust
returned from the south, expresses the
opinion that regardless of whatever
report may have been circulated to the
contrary, apparently the total cotton
crop of the south will be large. He
says that other crops in the south will
also turn out we'll and indicates that
they will be fully as large as fore
casted. On account of the stormy
I. weather in the northwest a good bust
ness is anticipated in winter goods OF
every description.
All things considered, the stock mar.