The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-04-22
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers
Office.

CHICAGO says July wheat is get
ting about as tight as May.
NINE MILLION in jackson IS esti-
mate of worlds shipments
COWGILL of Omaha estimates IS
per cent of the oats seeded in western
Iowa and Nebraska.
THOMPSON, of the Ogilvie Milling
company, says seeding of wheat in
western Canada is behind last year;
only 10 per cent in, against 80.
SOUTHERN PACIFIC lost more, but
not as much as was thought at first.
EVANS, of the New York Stock Ex-
long side at this time. Says the money
outlook is against an advance.
PROFESSIONALS are trying to
make our wheat market look strong,o
says Noyes, in a Chicago message to
Piper. "While Minneapolis, Winnipeg
| and Duluth are loaded with big stocks
of wheat and demand from mills and
export is small compared with sup
plies. The support here is purely arti-
! to sell wheat short. 1 still feel exceed
ingly bearish on corn. The promise of
several days of fine weather must, I
| believe, have a weakening effect
RECOVERY that began yesterday
1 will probably continue" says Ran
! dolph, Hand I should think the rally
might go quite ways further. There
| is nothing, however, to bull the market
on and to my mind it becomes more and
more apparent that the big bull market
eliminated at the end of January an,
that some time this year will we 81,
much lower prices. /, therefore, favor
getting out of stocks on sharp adj
vances. This rally, however, will
pobably carry thru part of Monday"
| WATSON'S Wall street Office wired:
"While regretting great loss of life
and personal property at San Francisco,
from stock market point of view it is
! believed the occurrence will, in the
long run, prove a bullish influence, on
the theory that the earthquake has dem
onstrated the substantial character OF
steel construction There will be ac-
tivity in rebuilding, increased tonnage
to railroads in transporting material,
and purchase of new material. Good
buying is seen in the steels and some
of the transcontinental stocks based
on this idea
GEORGE DUvIGNEAUD says:
'The money market will be important
to wheat near the first of May. If no
material tightness develops, deliveries
of wheat on May contracts will be
light and the wheat market generally
Will, III consequence iule
money be tight, as is now feared, de-
liveries of wheat on May contract
would be heavy and the market in gen.
eral would suffer. These two contin-
gencies leave the market rather uncer-
tain for the near future at least, but
be what it may, there will likely be no
sharp advance and should there be a
decline of a few cents, it is more than
likely that there will be enough in
vestment buying on the theory of low
price wheat to prevent further still
greater decline.'
NEW YORK to Whallon: ga reali-
cation that the worst was known re-
garding the San Francisco catastrophe
and better news relating thereto, have
been the principal influences today re-
sponsible for the general recovery in
prices. It is believed that many stocks
have passed from weak to strong hands
! during the reaction
NEW YORK to Lewis: "The
National Park bank has transferred
thru the subtreasury to San Francisco,
: between 100000 and $4,00O,0O0 in
gold.