The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-09
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading FlooE
and About the Brokers'
Office.
AlliS- Chalmer's animal shows defcit

Allls-Chalmer s annual shows deficit
Of $36S,O0O.
Big buying Of Erie yesterday was
sad to be for Morgan.
Bank statement was the worst ever.
most unfavorable.
Chicago bought some wheat or the re-
port that Watson was buying in Min
neapolis.
Piper's advices say the action Of the
STOCK market in the face Of recent adj
verse development shows there is some-
thing doing in the Hill stocks
= Metal dealers look for copper metal
to 60 to 20 cents soon.
washington says that Secretary Shaw
thinks his circular letter to depository
He was quite pleased at the 1essening
of call money rates and feels that !,
money should be plentiful for all nom
speculative purposes at normal rates.
Piper from New York-Canada is
ready to send cash to New York on any
further advance in call money
Dow Jones says the buying of United
States Steels yesterday was of the best.
It is stated that the papers in connec-
natures necessary with the exceptions
Of Judge Gary s.
Watson s New York office says,
''The bank statement which, up to the
time of it's publication furnished the
chief topic of discussion in Wall street.
reflected the worst that had been appre-
hended in regard to that document: The
stock market, however, did not appear
to take this exceedingly poor banka
showing very seriously. The opening
quotations presented a somewhat ir-
regular appearance with fluctuations in
either direction comparatively small.
Before the end of the first hour, how
ever, the market developed quiet
strength. Previous to the publication Of
the bank statement the market was8i
called upon to absorb realizing sales as
well as those made by professional OPP
orators. Lowest prices of the day were
r re; representing an AVERAGE de
issues from the early high level. I'm.
mediately following the publication Of
the bank statement the rally which was.
then in progress was temporarily
checked and the market again receded
fractionally. Trading was of a rather
nervous character. The manner in
which stocks withstood this bad state
ment was remarkable.
Whallon from New York-The mar
ket showed again that the bulls are still !
ity, but early there was some weakness.
After the bank statement was issued.
which was even worse than expected.
the traders started to cover their short
age, but the bulls helped them and with
more activity the, market advanced
from | to per cent, closing strong at
top prices.
Cummings letter says: "In the
fonetic language Of President Ruze-
felt, there has been nuthing DUNG this
week. Prices hav suffered du more tos
h11v IN IN,
else. The brilliant wether kaused
hquidashun by small longs and the
bares hav hammered the market on ech
advance. News items hav ben of bull
lish karacter, but all Of this kind is
| lost site of in bareishness Of the profess
sional crowd, who can see but one sid
to the market and that deklinin one
for the time being. The bares claim
that we ar not dom any export biznes,
but a lok at America s shipments for
the past week shows that we xported
NOR than twice as much as any other
cuntries, over 100000 bushels.
New York to G. f. Notwithstanding
the gold import engagement at London
yesterday, there have been total an
nouncements Of engagements or with
drawals from the Bank of England to-
the amount of $4,000, 900. This in
cludes the 100000 gold engaged by
Boston bank, but does not take in the
$2,0o0,o00 gold engaged in Australia
for shipment to San Francisco. This
would bring the total amount known to
to $16,45O, 900. In addition, a cable
announced the sale Of 100000 Colds
by the Bank of France which was pre-
sumed to be for New York, altho it's
destination could not absolutely be
learned.