The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-23
ROUND THE TICKER
AND IN The PIT
Gossip of the Trading Floor
and About the Brokers
Office.
Morgan brokers bought steel common.

Morgan brokers bought steel common.
Locuts in Argentina had effect on
wheat.
Marfeld sold Chicago December
freely at "A "a cents.
Higgins Of the Armour Grain COM
pany sold the corn down to Al IL cents.
Nye-Jenks sold oats freely, indicat-
ing larger receipts in the country.
Poehler says Europe shows signs Of
wanting our wheat. Low point for
the year has been seen. r.
Jackson says he cannot find a Chi
ca:go short; everybody is now long
| wheat and it is sale.
! Cummings says wheat is likely to go
much higher when the damage in Min
nesota is fully realized.
Frazier says that the Chicago ex.
perts report better inquiry and
higher bids for our wheat.
Pfarrius, the New York exporter,
says winter wheat is very dull and ex
porters cannot raise the European
limits.
Kalb confirms better general situa-
tion with reference to export business
in grain, altho he does not report any
sales.
Carruthers Of Winnipeg says he is
offered wheat at the seaboard at 1-3
cent less than he can buy it west and
ship it for.
Candy, Chicago, to. Whallon., II
probable next week. There has been a
lot Of buying Of wheat by the people
who were so very bearish some 3 cents
| lower down.
Comstock, Mimi, to c. E. Lewis:
"With Favorable weather we cannot
thresh before next Tuesday, With
morning it is hard to tell when we
can start again. Wheat in the shock
has already been damaged by the wet
weather''
Dow Jones says: "The expectation
in banking circles usually well in
formed in such matters, is that before
Oct. l Secretary Shaw will give fur
Their relief to the money market, to take
the form of additional deposits Of
treasury money in the country banks.'
Noyes, Chicago, to Piper: II be-
lieve there are a lot Of good bulls on
wheat who are not hera1ding the fact,
but instead are ready to buy wheat on
every dip: I think their argument is
! the belief that the northwest crop is
i going to be a bullish factor rather
than the bearish one so generally pre-
) sound We are not far away from q
! working basis and it's an established
! fact that Europe must buy literally Of
u.s.
Watson's New York office sayss
t "Best openings reporter to US are con-
| servatively bullish as regards the i'm
mediate outlook. 1t is believed spec
with special movements confined to
these stocks that would be most d.
rectly affected by developments which
it is believed will soon be announced.
. The buying of such stocks as copper,
steels, Atchison. the Hill group, Union
) Pacific aud Southern Pacific, is. based
on tbs theory The o inform nf n on
) higher prices within a few weeks, a
larger dividend is predicted, with pos
: sibly substantial extra as compensa-
ton for back reduced dividends. - - -
Kansas City to Whallon: 'fI am
; told that the Maple Leaf road is
blocked with cars Of wheat billed to
, the northwest, and that its shippers are
; ordering wheat to store until they can
get cars. A shipper tells me he is re-
, milling orders daily because he can It
buy the wheat either her or in the
country. He has sold himself short. -
Crosby, of Chicago, says: "a man
in Minneapolis who has been familiar
. with the condition up there for thirty
= years and whose judgment on crops is
! highly respected wires to a friend here
= that he considers the wheat crop of
Minnesota the poorest since 1878"
+ Post & F1agg say: eff the money
! market can be kept steady the stock
t market ought to continue in good
+ health.''
o A. o. Brown says: "There appears
e to be nothing in the way of big ad
e vance in prices except temporary tight
: ness of money, and there is good reason
S to believe that this obstacle will be re
moved in the near future'
Miller says: "The situation Seems
r to be about as safe as it can be anG
) we believe the tendency Of the stock
market is upward.''