The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-16
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers'
Office.

J. T. Milliken, St. Louis, says he is
bull on wheat
. Crosby, Chicago-Winter wheat ex-
port business will soon show up.
G. w. Hamill-I think man should
sell Pennsylvania and buy Brooklyn.
Noyes, Chicago-Do not expect much
doing in wheat until after the holt
days. '---
Jackson-It looks to me as if the
hard winter wheat is to be the depress-
ing influence in the Chicago market.
that May oats cannot 90 thru 36c.
They are turn bidders when. that point
is reached. H.. +,
c., G.. Smith, New York-HiIl stocks
arer doing better. If they once get GO
ing the whole market will be benefited.
f. Shearson to Whallon-United
States steel common, as 1 have said for
some time is going materially higher.
The man in a position to margin it well,
who will buy it now and buy literally
on any breaks, is the man in my opin-
ion who will make killing. [ really
believe that inside of five years it will
cross the preferred.
j. D. Fraser from Chicago-BulEsh
statistics on hogs is the Strengthening
factor in provisions. Cudahy Packing
company the leading buyer of May
product. So far the general invest
ment demand is below the recent aver
age. The advance has brought out
fairly liberaly offerings from scattered
longs.
Pringle to A. G. Chambers-Euro-
pean winter wheat has an unfavora-
BILE start. The present outlook is less
favorable than for several seasons,
says the latest London corn circular.
no Sro{o
in acreage. In France and Germany
conditions are barely an average. The
United Kingdom has been too wet. Rus
STA and the Danubian countries are
complaining more than in the past two
seasons. Increased trouble over farm
abor is expected in Russia, where they
raise more spring than winter wheat.
G. W. Hamill, New York, to WhalloR
"A cable from our London correspond
ents this morning mentions special con-
ference in Berlin in reference to bank
rate. This may reflect some action on
the part of Bank Of England in refer
ence to the same question: Stocks are
going from New York to London at
present no doubt in large quantities.
In ST: Paul there seems to be distri-
| button of 800 share orders among com.
mission houses. ~:
Chicago to Lewis-The wheat mar
ket has disappointed its best friends Of
late, prices declining when all the news
was bullish and advancing in the face
Of bearish factors. Big professionals
have not been in the market for sew
eral days. The holiday dullness is
settling over the trade in general.
Fluctuations are narrow, and for the
| moment there does not appear to be the
snap to the buying on the part of spec
ulators that has characterized trading
the last two weeks. Bulls have an
abiding faith in the stability of prices
around the present level. In corn and
oats the sentiment is about evenly di-
vided.
Piper's New York man saws: Good
buying of Reading was reported from
the boards Philadelphia buying
orders were noted under the market at
times. The stock is tipped for higher
prices next week. There is a bull tin
in circulation on General Electric.
There has been inside absorption on
the decline, it is said. An eastern
house advises the purchase of the stock.
New York to c. E. Lewis: Whether
one of the parties interested has given
up, or a truce has been arranged, We do
not even guess at, but still believe that
there was competitive buying in st.
Paul. Anyway, the situation seems
to have cleared by considerable liquida-
ton IN the general market and the
trend IS again upward, but the rally
went pretty fast and London comes
very strong. : If this means higher
prices here we believe in profit taking
orders. -. '.s.-.- -.