The Minneapolis journal., 1906-12-23
ROUND THE TICKER
AND IN The PIT
Gossip Of the Trading Floor and
About the Brokers'
Office.

New York wires: "Speculators
friendly to May oats and will buy on
breaks. Cash demand poor, tho due to
small receipts here. Believe there will
be better inquiry before long,
Chicago-A prominent miller wires
stating that while the -four business is
very dull and they don It look for any
days, that they sold little abroad
yesterday and that foreign markets are
not much out of line today on Kansas
fours. They look for business to turn
Chicago to to, ! Fraser: r. ' ~frade rad in
wheat slow, with the exception of De-
cember. A couple of orders came in to
buy December, when none was on the
market, and narrowed the spread from
7sc at the close last night to 31sc
this morning. Marfeld was the best
buyer. Comstock and few local longs
adding to their lines of May
New York-The weakness in the
market, especially Reading, said to be
due to liquidation for account Of Ar
mold Leo u CO., who have just an
nounced their suspension.
Bisbee to Logan & Bryan: cit is
officially announced that large body
Of carbonate ore struck in two drifts
from 1,l00-foot level of Hoatson shaft
of Superior and Pittsburg, Develop
ments late yesterday afternoon indicate
both drifts in same ore and strike is
an immense body of rich ore.''
New York to Charles E. Lewis:
There is also said to be some liuuida-
tion in Reading, due to dissatisfaction
of certain stockholders who confidently
expected increase in dividend.
=. Flowers & Co.. are buying People 8
Gas. Pearle & Content sold Reading.
Buying scattered. Chapman & Seaman
selling Reading. Anaconda meeting is
supposed to occur next week and an
increased dividend is anticipated.
The government report was the sub.
rject of an unlimited amount of criti-
traders, who have been basing their
operations on the preliminary reports
of the government, which have been
apparently borne out by the light re-
ceipts, higher cash prices and the small.
visible supply as compared to last year.
The increase in the oats acreage Of
more than 100000 acres came in for
particularly, warm reception at the
hands of the traders, many of whom
claimed that the disparity between the
ures warranted skepticisml regarding
the whole report. Traders in all the
pits, after the more or less panicky
opening, as a general thing ignored the
report to large extent, and bought
all grains freely on the early dip in
prices. 4. IN N- ....-.
New York wires: 'sWe find it quite
impossible to work any corn here.
Buyers holding off as export bids keep
below working basis. The C. i. f. limit
is about the lowest relatively in
years. - s.-. - -. III.
Chicago to Whallon-Cas FWe find
tip this morning from Canada on
Duluth Rails. The buying of these
shares is said to be by Canadian pool
interested in Canadian Pacific. The
floating supply is considered small. y
z Chicago ito Stephens: q Wheat opens
dull, featureless and heavy. Private
elevators continue to turn out contract
wheat. Today's showing is: Wheat
from private elevators, 36 cars and
1864 bushels contract and 2 cars
lower grade wheat from public; 36,970
bushels corn from private elevators, 70
cars and 5000 bushels contract and 68
cars lower grade. None from public.
Oats, l car, and lower grades. Fnom
public elevators, $50 bushels contract.