The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-24

Gossip Of the Trading Floor and
About the Brokers
Office.

b. W. Dennis-Never mind the newA
just buy the wheat.
j. w. Hamilton, Omaha-May corn
a sale for several cents. Crop in Ne
braska good.
Sanger Of Waco, Texas to- Lewis
Hot winds and drought iniuring crops
In this section.
F. P. Frazier! told you so. A wet
harvest in this winter wheat.
Alva, Oklahoma, to Whallon-Yields
in immediate territory Is bu wheat
Oklahoma and Indian Territory, 25 ,000,-
900 bu.
Van Amber. New York, to Watson
Stocks fiat all around, and some In
jackson, Chicago-There is likely to
be big slump In corn and oats any
| day, that will do away with the argu-
| ment of their correlation to the value
of wheat.
G. W. Updike, omaha-Al reports
looking fine.
Nashville, Tenn-Millers did buy
car No. 2 red at soc, but were after
ward bidding 821sc for. it at Ohio
river points.
A. J.. Cummings-Buy both Septen-
Der and December wheat on all breaks
of a cent or more, and keep long all
| CQe C1m6, ana you Will make money.
Poehler-Possibilitie in the main,
are in favor Of the bull side, and good
traders will continue to buy wheat on
the declines.
Busk, New York, to Wha11on-I do
not like the looks Of the mining stock
market.
Lincoln, Neb., to Piper-Corn re-
ported as doing better, fields clean and
of good color. .-....gL
|
rinsk to J. 81. McEnary, says there IL
every prospect Of labor trouble in Rus;
STA that will tie up the railroads and
affect grain shipments.
Kansas City to A. g. Chambers
Look out for wet harvest scarce. The
southwest has the rain habit and has It
bad. Specials from the west received
here, tell of terrific rain and wind
storms and damage done to wheat In an
parts of Kansas. Great damage at
Wichita. Newton and Mcfarland
= Harvesting stopped at many places.
| Enid, Oklamoha, to Wallon-Estimats
Oklahoma at 100000 bu. Wheat go
, Ing Is bu to acre around here.
:. Kansas City to Piper-That first car
new wheat In here came from Pond
Greek, Oklahoma
i Perry, Okla, to Lewis-First Of the
movement goes to Texas mills, possibly
some for export. ---=-ss- :
Newell of Watson g New York office
Bank statement a surprisingly favor
able one. Decrease in loans and in
, crease in reserve larger than looked for.
"The least surprising thing about the
wire to Whailon, lis that it actually
advanced s;sd,,p point ito or two on lawson
who make II. a rule to copper the Dos
, ton frenzier's predictions is almost
unlimited. Well informed people know,
, however. that the market is not suf.
. fering from anything Mr.. Lawson is
, limiting at. No calamity is impending,
not Of natures making, No misfortune
crops. There is nothing in trade devel.
, opments, railroad earnings, or the ag.
, ricultural situation to account for thil
, weeks price movements"
Piper, from New York-"A big rosa
in Reading is predicted in some we'll.
known houses. They do not expect ii
!, at once. but the prediction Is made that
the stock will cross $50 in the not dis,
tant future. So long as the integrity
Of the support is maintained Reading
should be bought on reactions.
Piper's wire from J. s. Bache, New
York: "It is admitted on all sides
; that the management of the stock mar.
,, ket bear campaign has been marked bv
decided cleverness. The sensitiveness OF
!. Wall street to developments in the iron
. and steel situation made it peculiarly
, susceptible to the sharp attack on the
! United States Steel shares"
Advice emanating from Gates il
somewhat more conservative in its
! tenor, purchases being recommended on
= good reactions only, which led bull
4 trader, who is chung up in Reading
i to remark call reactions look alike ia
, me, if there are any good ones I can Y
{ distinguish them. -
F. P. Frazier to Lewis: ttI feel thai
corn is too high and ought to sell lower
E but the bulls have made money, and
3 they feel pretty gay and they will
), claim that the great damage to THE
f; corn crop will be in July and August
4 and corn will not sell down so very
much now until the crop is assured.