The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-30
CHICAGO OPTION

higher range than at the opening Of
the week.
Some lines Of green vegetables are
getting scarce, and values are advanc-
ing. No change in price or tone Is
shown in potatoes, cabbage or onions.
Whallon from New York: Respect
ing the money relief of the secretary of
the treasury, comment is made that the
latter is entirely overshadowed by poll
tics. The spectacle Of many leading
democrats announcing themselves in
the papers as for Hearst unquestion.
It added to the conservatism which
came over so many with the naming of
an exponent of socialism as candidate
for governor on the democratic ticket
in the state of New York.
i 6. N. Larimore, the big North Da-
kota farmer, is quoted as estimating
the wheat crop of his state at only
65,000,000 bushels. Whether or not
this includes macaroni is important.
Chicago says he made the estimate and
that it includes macaroni-65,0 00, 900
bushels for the entire North Dakota
CROP. 60. .-='-
Edmund Randolph, New York, to G..
+. Piper: Politics will probably cause
a nervous and unsettled market and we
favor realizing profits on any fair adj
vance. At the same time the specu-
lative position Of the market is per-
fectly sound. Earnings are enormous
and the outlook for business never was
better. The money market and polit-
ical situations are only transient fac
tors which will eliminate themselves
within the next few months. I be-
ieve stocks can be bought with conf
dence on any fair reaction either to
hold or for turn.' p. ~:
G. E. Lewis from New York: The
strong underlying conditions and the
assurance felt that within the next
few weeks important deals and divi.
dend increases will be announced arc
factors that must make for consider.
able improvement in the market. Gold
engagements are still being made
abroad and our bankers will probably
be able to secure all Of the $4,000, 900
OF South African gold offering in Lon.
don on Monday. - +.
Whallon from New York: The
market acted as tho stocks had been
taken on too freely by traders on the
sudden advance. Don't think much
further decline probable, as good
many long accounts have been evened
up. The market continues highly pro.
fessional Money active in the early
part Of next week and would prefer to
wait before buying.
New York to Watson: The weakness
in Copper, it being a Standard Oil
speciality, had disturbing effect on
the market. There was also consider.
able disappointment felt because money
rates hardened when contrary tend
ency was expected as a result of the
proposed government deposits in ma
tional banks. The true reason, how
ever, for higher rates is the necessary
transfer Of funds incident to prepare
tions for the usual first Of the month
disbursements. These out of the way
more normal conditions are looked fo,
| as result of the secretary's action
altho the extensive liquidation Of some
of the high-priced stocks during the
week has largely offset it. The United
States Steel board representatives were
in session with the Great Northern
people and it is believed that the orr
| deal announcement in detail is now
only matter Of very short while
In fact, we state with much AUTHORITY
| the. announcement will be made in the
| early part Of next week.