The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-03

Gossip of the Trading Floor and
.s About the Brokers
Office.
H. V. Jones back from Kansas City.

H. V. Jones back from Kansas City.
Nothing to say.
Secretary Shaw expects to start a
bank Of his own when he retlres from
official life in March. :.
The coal strike cost the Lehigh Val
ley road 10 per cent in earnings while
it lasted.
Premium being paid by builders for
immediate delivery Of structural steel.
San Francisco has shipped back about
$9,OO0,OO0 of the money rushed on ear
lier. ...- ~
Standard Oil interests are said to be
buying st. Paul stock.
i. w. Patten says there is nothing
to buy wheat on and it will sell lower.
A. j. Cummings says wheat is a pur--
chase around Sic for Minneapolis July
! and zoe for September.
Engs and other firm members of
Milmine Bodman will take over the
eastern business of that firm, and l..
| w. Bodman will remain in Chicago,
where he has manage the office for
twenty three years. arhoetf will re-
main in Minneapolis.
Kenkel and Woodwork appear to be
the leading buyers Of Minneapolis July
wheat on all breaks.
+ Dry-Weather talk again beginning to
come from some western portions Of
Kansas. -..
1.-THE trouble at the Greene proper
ty," said Charles w. Wenzel, president
OF the Belen, has no effect whatever
upon us. We are about forty miles
away from the scene Of the disturb
ance. 1t will probably be found that
the reports Of the killing of many
Mexlcans and Americans in the labor
rioting were exaggerated. / base this
expectation upon the fact that nearly
everything coming out of northern
Mexico OF an unfavorable nature is
ay CrCrn tod. 10 HI
amount Of American money invested in
Sonora and other states and more is
going in from time to time. These
cities Of our country that supply the
southwest and are its financial centers
do not look with favor upon this. De-
| velopment on the American side of the
line means more business for these
towns at once, while development across
the line in Mexico is somewhat differ
ent, altho it is all beneficial in the long
run. Still these cities are down on the
country, and whenever a Yaqui Indian
goes wrong, or a disturbance breaks
out. not more serious really than some
we hear Of in western Montana, Wyo-
ming OF even in the northern part of
our own state, and always likely to
happen in any thinly settled country,
then it may be depended upon that the
news OF a great uprising or other ter
rifying thing will be forthcoming.
iACoC lCPol W hCNSi pau Jul. IHG uSAL
} day it develops that the thing was not.
SO bad after all, but the knockers of
4 the country play. it up for all it is
worth while it lasts. 60
81 do not believe any exaggeration
or Misrepresentation can stop the flow
of capital that way so long as favora-
BILE prospects appear and the companies
already operating there continue to
make good. - - s.4ze
l. 10 or ia
the story emanatings from Chicago to
the effect that Valentine, who is out Of
the Armour house, and Watson of Min
neapolis were about to hook up to-
: gether, and Valentine had to give it
personal denial to kill it in New York.
A good deal of favorable comment
, is heard concerning the broadening in
J speculation SC, as to include the Lead
ing granger stocks, says New York to
Whallon., Bond houses also report a
, slightly better over-the-counter' de-
, mand for investment issues.
: Louisville & Nashville has been the
subject Of much bullish literature OF
late, says wire to G. E. Lewis, great
.. things being predicted for the stock,
which, it's friends assert, is cheap
around the present level. Among other
! of for the stock. Interests identified
, with the company are not doing much
!, , talking, and the bullish advices eman-
ate chiefly from the pool which is be-
lieved to be in control.
The information has been rather
broadly disseminated, says Piper's New
York wire, that a strong bear pool,
, headed by James R. Keene, has been
/ responsible for good deal of selling
of stocks lately. Some very well-in-
/ formed operators, however, discredit
t this report. Some of the shrewdest OPP
: orators are still inclined to await fur
, Their developments before re-entering
, upon heavy commitments on the long
side.