The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-28
GOSSIP OF THE MARKETS

HOLSTER. New York, to Whallon-I am told
there are good buying orders in Southern Pacific
Just under the market, getting bigger about
New York to Watson-Our private Buenos
Aires cable received this morning reads: Wheat
Quantity and quality better than last year,
Sunderland. Omaha, to sPiper-Cables reflect
our strength Of yesterday and comes higher on
wheat and corn. Market is finding good support
the bulls: Profits should be taken on bulges.
Corn trade dull and featureless Oats continue
to show strength on good buying !
-, chicago to Z. 2. Lewis: The Buying of oats
has been general with knight McDougal and
Northern Grain company leading. The selling
is scattered. commission houses on resting orders
New York to Whallon- There is no special
news bearing on the stock market very bear.
ism Keeling has worked into the Waldorf crowd
and they are generally wrong. Market looks
like it got oversold and after the shorts are
forced out rather expect to another break.
New York to Piper-London settlement pro
will be rather stiff today and this may bring
about some reaction. Looks advisable to wait
for the soft places to buy; -. -.
dications in the market confirm yesterdays i'm
pressions that the distressed liquidation had
eliminated. Fhe buying was largely profess
trade was active While the situation is dis
tinctly better and stocks now seem purchase
On reactions the absence Of new buying is dis
appointing and any improving tendency would
be in the nature Of rally rather than bull
movement. rs >-
New York to Lewis-There is practically moth
Ing In the cables likely to influence our market
here. There should be more less critical
day In the money market in view of the heavy
disbursements to be made the beginning Of the
week on account of the end Of the year. Loans
today will be made for the three days. and re-
newals on Monday will have to be made until
Mednesday The ease. Of the call money. market
any squeeze In money will promptly be met by
effective aid from the secretary Of the treasury.
Mr. Shaw. however will not antieipate necessi;
apparent. ..n' ' r. ~. - + -.
Kansas City to Whallon-The larger part
somewhat over half of our wheat receipts are
from Kansas and are mostly hard of a low grade
and bin burnt. Nebraska wheat of better grade
than Kansas makes w the balance. In yester-
No 2 hard and cars No. 2 red wheat. Our
stock Of wheat is now $500, 900 bu, and has in
creased So far this week
cial dsarrangement has occurred brought about
by the end Of the year dividend preparations,
the continued liquidation earlier in the week
Of high-priced stocks suggests another substan-
tial loan decrease, and, cash movements
show no large dierence. the prospects for, a
Chicago to Lewis-The Woodbury. selling of
May wheat here breaking market.
90 Total clearances: " Wheat. $4,000 bu; -four,
wheat and flour equal 227, 900 bu
Northern Grain company heavy buyers of
wheat again. }:l =. g
man tells me contract wheat will be made after
the first of the year and just as long there
is profit in it. 1874
=. Liverpool close: Wheat, sd higher Corn, I'd
higher. :
Berlin &c lower. -
Budapest &c lower.
Provisions shade easier under scattered sell
ing.
Oats firm, with buying by Norcom, q Chicago
broker, the feature. No pressure to sell.
Corn steady with Chicago pit shorts doing
the buying. Trade light
According to London newspaper, an In
dian official report indicates increase of
900, 900 acres under wheat.
An Argentine cable says wheat market is
weak, with poor demand; arrivals very small.
The weather map shows it cloudy in the
northwest, clear west and southwest, light
rains in Ohio valley. Temperatures little
higher.
Winnipeg weather: Clear and fine; 8 degrees
above. 10
Bradstreet's clearances for the week Wheat,
2, 495, 900 bu; corn, 1, ego, 600 bu.