The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-28
ROUND The TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers'
Office.

DENNIS thinks the bears are going
too far in wheat.
CHICAGO had the Minneapolis Hour
mills closed down Saturday.
BEARISH wheat gossip in Chicago
also said -four orders were being can
celed.
MOORE says wheat should now be
bought; there has been break enough
for the present.
\ PATTEN was again said to have sold
out his line of oats. This was the tenth
time he has sold out.
STOCK EXCHANGE opinion gener-
ally was that the bank statement, while
not bad, was little disappointing.
ATCHISON'S dividend viii, in all
probability, be increased to per cent
at the next meeting.
WATSON. is credited with having
been the principal moving force in the
continued downward move in wheat.
JAMES R. KEENE is credited with
the following: Reading is guess
pure and simple for the Immediate fu-
capitalists who sold part of their hold
ings commence buying back, he will
know where the bottom is. / know
they think some day it will be worth
much more than the highest price yet
A. j. CUMMINGS says: cit is only,
natural that for a time every effort.
will be made to make wheat news look
bearish, and it is possible that the mar
ket will be nervous and irregular, and
may even sell a little lower on this
turn, but declines will be only tempo
rary, with the price close to an ex-
port basis, and at level where it will
rapidly disappear on orders for home
consumption.
W. S. CROSBY says: "The bearish
conditions that everyone knows about
are not so bearish as they appear. Our
primary receipts, are larger than last
year, and should be, as the crop is
| larger. Then we were supposed to be
an importing country, and many of the
present bears were talking $l.50 for
mary receipts for the first six months
this year are just equal to the average
for the past five years. Our visible
supply is slightly below the average for
the past five years. Dull -four markets
and slow cash wheat market are the
usual things to look for at this season.
w. H. BARTLETT says: "Railroad
earnings continue to. increase. One
fact that must be borne. in mind
from the railroad point of view is that
the open winter will serve to bring
about big increases in railroad earn
ings. Never before perhaps have the
railroads been able to operate with such
immunity from snow blockades and
furthermore the lack of heavy snow
fall will minimize the dangers of flood
in the spring.
! PIPER, from Randolph, New York:
1--WE hear a deal has been completed
1 between General Electric, Westinghouse
and Allis-C Chalmers General Electric
goes in at $50, Westinghouse at S25,
Allis- Chalmers common at so, and the
preferred at par. This comes from a
very good source and we believe it is
true. ~
tWe hear the minority holdings of the
Daily estate in the various properties
controlled by the Amalgamated have
been taken over. by the company. The
price paid by the Amalgamated Copper
company for Anaconda to the heirs OF
Marcus. Daily is said to be $525 a
share
CHARLES NJ. SCHWAB, president of
the Bethlehem Steel corporation. said:
I"The steel and iron business is not
only good but improving.
I MONTREAL-A. seat on the Mon
treal Stock. Exchange has sold for
$22,5 800, an increase of $500 compared
with the last sale.