The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-20
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers'
Office.

Premier Robin of Manitoba, in the
city for short time yesterday, said:
81 have not been to Winnipeg re-
Gently, but am headed that way. All
7advices l received while away were
that the crops are in perfect condi-
tion.' -.
George Marcy of the Armour house
was on 'change yesterday, but-ve
noncommittal on the market. 81 know
about the southwest situation only from,
the gossip and the wire reports,,, said
Mr.. Marcy. ~ have not been in the
winter wheat country recently"
John d. Mcmillan, back from Cali
fornia, said: "When we came thru the
winter wheat it looked all right.
Around Dodge. City it seemed good, and
Kansas appeared very promising. A
travellers observation is necessarily
very superficial, and it may be that
there is the need Of rain, but there
was nothing in sight in the least sug-.
gestive of serious drouth'
Captain Verhoeff had a personal mes
sage from Bodman, who says: "Wheat
| depends almost entirely upon the
weather. If we get rain it will break,
| if drouth continues it will undeubt-'
eddy 60 much higher. l feel thai the
! wheat we have will be needed, andsthat
the. new crop is long way, yet-frem
Caspary was the largest buyer of
| Erie common
! II. K. Evans wired Piper: "The mar
ket is full of stocks and the tendency
towards lower prices. Favor selling and
staying short for a long pulL'
Miller of New York wired Lewis:
eve don It believe this is bear era.
Underlying conditions are toe sound,
and that is why the bears in stocks
| cannot make inroads.o :-.-.E !.
Bache to Whallon: "The rate bill
is disposed of and the free alcohol bill
distillers for much higher prices.' ;,
Watson says: Congress will prob
ably adjourn by the middle of next
month. Wall street will feel greatly re-
l1eved when this occurs. Good stocks
are owned by strong interests in the
street. evidently content to wait for
higher bids.'' .--~-- '..~~--,.-.
/ Finley Darrell says: "I cannot imag-
i inc why anyone should stay long on
I May corn when July can be bought at
a discount and receipts are increasing.
In wheat it is different, for expected
receipts are not showing up -. q.
E. j. Murphy writes to Cummings
from the northwestern part of the state
and the Red River valley to the effect
that the wheat acreage, in. that part of
the state will be greatly cut down, in
some instances fully IS per cent by
, too much wet weather, which, however
has greatly benefited the. other portions
of Minnesota and North Dakota. He
also says: 81 know it to be fact that
the southern central and a large por.
tion of Minnesota will not sow near
the amount of wheat this year that
they did last year or previous years;
this is especially true along the Will.
mar and Breckenridge divisions, also
,, Fergus Falls and st. Cloud territory
Christopher of Kansas City saws:
"Wheat in Missouri is heading out low
and looks sickly. Conditions point to
"a moderate crop at best in Kansas
and Missouri. - -. --sf=
st. Louis sent the following to C. E.
Lewis late yesterday: GA man from
| Indiana, just returned here, says got
; to have good rains in order to raise
oats, but wheat looks WE'LL l....