The Minneapolis journal., 1906-05-27
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers
Office.

G. w. Patten-One should be very
conservative about being long wheat at
this range.
: J. A. Rankin-The shorts pay more
for it whenever they try to buy the
wheat back. ----...
Flynn, Kansas City, to Denman John
son-Kansas will raise z5;000,000 bush
els, and Oklahoma 30,000,000. This
means a surplus. Our September wheat
is cents too high for export.
A. j. Cummings-Buyers of July and
September on breaks are bound to make
money. Chances for crop deterioration
are many, for Improvement slight.
J. W. Moore-Chicago crowd all long
wheat without anyone to sell it to.
They must sell it out some time.
Noyes, Chicago-Cold weather north
and rain .bulling wheat. A weather
market. ..
George Daggett in Chicago Inter
Ocean-Too much rain in parts of
northwest. Red river valley suffering
and some land there not seeded.
John R. Marfeld-Very wet in
return of good conditions with right
kind of weather. -.:
G. E. Lewis from Allen, New York
You can't go far wrong buying New
York July wheat and selling Chicago
at present differences. There will be
cent in it in two weeks.
E. Shearson to 'Whallon-The short
interest in stocks is almost eliminated.
Market looks heavy. See no reason to
change my bearish views.
Mcdonald. New York-Many favor
able indications in the street. Good
buying of stocks.
Marshall, New iYork-Some of these
high priced, non-dividend industrials
have got to go much lower soon.
Post & Flagg-Condition look good
to us, and higher prices in stocks seem
likely.
People in touch with 26 Broadway
are not attaching much Importance to
the stories that William Rockefeller is
a very sick man, says wire to Charles
| E. Lewis. A gentleman who gets good
information regarding Standard Oil
affairs remarked when questioned on
this point: "Wall street need have no
worry on that score. both William Rock
efeller and James Stillman will be home
in time to obtain a share of the July
disbursements. His inference was
that the Standard Oil crowd would ia
vor an upward movement for purposes
of distribution.
| Wassermann in a wire to Fl. P. Wat
son recently predicted that Reading
would sell at 200 Traders would like
/ to sell the stock short, but hesitate to
|
which it advances. On the movement
up from the Cos there have been sew
eral "squeezes. Wassermann tells
Watson he freely predicts 1000 for
Lackawanna, 800 for Delaware Hud-
son, and Jersey Central, and 20 for Erie
common.
/ Europe, according to Whallon s New
York advices is showing greater ap-
probation of American securities
stocks and bonds-and has been buying
on an increasing scale of late. While
heretofore taking only issues having an
4 attractive yield. it is now hoped that
the demand will vet turn to the high
grade bonds which, because of their
Comparatively low return. are now a
drug on the market. Should this de-
velop the glut would be relieved and
incidentally the maturing Indebtedness
| taken care of.
AS is generally the case when the
pool becomes active in the stock, Amer
lean Locomotive is coming in for lot
of "bull' talk, based on the declara-
tion of an initial dividend on the COM
! mon stock. The directors, according to
Piper's advices, are not expected to
meet until the early part of next month.
It is said that there is considerable
division of opinion among them regard
ing the expediency of beginning divi-
dends on the stock at this time.