The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-02-25
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers
Office.

Kansas City wires: "Rex Mills here
just sold $4,000 barrels -four for direct
export. -
Chicago to Watson: Pringle & Lake
are the bull leaders on wheat with
smaller chronic bulls following them.
Market looks in a weaker position than
ever because there has been lot of
short wheat covered and market rallies
hard. Should the local bears like Bar
man try to put out their lines they
won't get them out as high as they
covered them.
Chicago to Charles E. Lewis & Co..
Broomhall estimates that the world g
wheat shipments for Monday next will
be about 10,400,000 bushels of which
quantity Europe will take about $780,
900 bushels. The actual shipments last
week were 1852, 900 bushels and those
of year ago 9,sss, 900 bushels. Arrivals
Of breadstuffs into the United Kingdom
during the past week will aggregate
about 100000 bushels. He predicts
that there will be further increase in
the quantity of breadstuffs on passage.
st. Louis to Stevens: The press COM
tinues to be very pessimistic regarding
the value of wheat. The pit traders
who are generally short are extrava-
gantly SO. About the only interested
parties who are at all optimistic are the
producers who know by experience that
the world generally every year gets
away with all it's commodities and are
bold enough to state that a more judi
cious marketing of their surplus will
bring about better returns than now
prevails and so far as the consumer ID
concerned it matters little to him in his
| yearly expenses whether wheat sells at
IS cents or $1.05 per bushel.
Chicago to J. D. Fraser: Wheat
cables show strength, but export and do
nestle demand for wheat is not suffi.
cient to advance prices The market is
age to winter wheat from March wealth.
er at the moment. While we do not be.
lieve there has been any serious dam.
age yet, we advise great caution about
selling wheat short. The weather 10
unfavorable for moving corn. Demand
Yesterday was better. Would buy corn
on any break. Recipes of hogs again
under the estimates. Will have to have
more hogs or higher prices.
New York to Whallon Case: I saw
signs of better buying in Smelter yes.
hear that one Of the large traders who
made lot of money on the long side
on the way turned and went short, but
is now covering and will most likely
take the long side for turn. If mar
ket should have a good rally, would
sell out stocks either today or early
next week. The market is very pro-
fessional. Traders will sell on any ma.
terial advance
New York: The market has been
very dull, but strong in tone. The fea.
ture was Union Pacific, which regained
its dividend. Other strong stocks were
Reading, Southern Pacific, B. r. T,
b. & Q. and Copper. Smelters, altho
again attacked, made a sharp recovery
in the last hour. There was not much
news. The reporting of the Hepburn
rate bill in the senate did not have
,, much influence. Foreign news was bet
ter and foreign buying was in evidence
during the morning. The market was
strong and reached it's best prices a,
the close.
Chicago: There was a sharp deman 1
for all cash corn on sale yesterday
Receivers agents said that most OF
the offerings had been carried over the
holidays and that today IS receipts would
be light. Advices from the country
We're that country roads were bad auc
that farmers were unwilling to sell al
were the country shippers who had re
T Gently suffered such severe losses b,
Z shipping grain during the mild weather
i There was considerable changing of tn,
short interest from May to July.