The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-25
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers'
Office.

c., G.. Smith, New York-Stocks don It
act bad. They hold well. r
w. 81. Bartlett, Chicago-Wheat is
a purchase, coarse grains sale.
Story, New York-Heavy selling
Great Northern. Chauncey sold over
5000 shares.
Lewis, from New York-Indication
Hill interests.
Setback, Chicago - December and
May wheat spreading again. Differ
ences 53sc and will be wider. ".
McCul loch, Chicago-Liuuidatio is
now on in May oats. Most of the hold
lngs still show profit.
Winnipeg, to Piper-Sale Of Winni-
peg May and purchase of Chicago
May around lie premium ought to be
good. -,
Kennedy, Chicago-Selling of Nav
and December oats was general Every
one sold, commission and cash houses.
Logan to McKinnon-I look for a
lower market on Monday owing to
higher money rates, likely to cause sell
ing of stocks.
New York. to Whallon-Weakness in
Great Northern was On rumors that
the new issue Of ore land stock will
not be acceptable on loans
New York to Lewis Undoubtedly
there was some good selling yesterday,
but. not SO much as professional short
selling. altho the fact that buying was
also largely professional and for small
scalps makes it hard market to Judge.
1t seemed as tho leading interests had
left the market to itself and the trad
ing sentiment being mostly bearish,
some, decline occurred in consequence.
further weakness.
Nou Vorly r. JNbo11o-
questlonably a great deal of manipu-
lation in the current market. Much of
It, unless close observers are mistaken.
IS designed to facilitate the rebuying
OF long stocks sold on the recent bulge
IN st. Paul to lS9 and in Union Pa
ciic to 100. in Reading to $50 and in
Great Northern to 332.. This specula-
tive liquidation. came like cold dash
but had the effect desired by the big
men, who did the selling: It checked
a market in which pyramiding was be-
coming dangerous. It is Thought. how.
ever, that most of the stocks Sold have
been digested and that the process Of
REORGANIZATION is nearly completed.
At all events, as the result of greater
confidence in the solution of the money
question, the critics are agreed that
setbacks are temporary and that the
real tendency OF prices is toward
higher levels.
Watson, from New York-A bear
element is at work in stocks and thew.
believe they can force lower prices.
They base their faith on the artificial
character Of the market, a season of
the year when financial conditions and
prospects are against bull campaign
and a belief that "inside'' interests
have been heavy sellers for some days.
This applies more especially to the
selling in st. Paul and Union Pacific.
Piper, from New York-The stock
market continued soft until the publ
cation of the bank statement, which
was better than expected. The mar
ket showed tendency to rally. but
the attempt was very feeble and short
lived. Prices soon sagged off again
and at the close the market was about
the lowest Of the day. Some stocks
were quite demoralized and a number
OF stop orders were caught on the
decline.
Crosby, Chicago, says: "Wheat is
still a waiting market. Local bears
mostly operating the short side, look
Ing for December liquidation, which, so
far, does not come. Liverpool is firm
and all Europe finds Offering s of wheat
from other sources light. At the pres
ent rate of receipts export wheat
cannot, in our opinion, remain at these
low prices. We would continue to buy
1t on the soft spots -