The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-17
ROUND The TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers
Office.

tsNews from the north half of Kansas
very bad on wheat
Wrenn says: GA good rain would
break all prices badly"
Vandalia, No, to Lewis: Wheat
very poor.
Duff of Nebraska City: Winter
rain, but not suffering much yet. -
G F. P. Frazier: 81 think we might
Just as well jump in and buy the
wheat. Everything else is going up
and wheat is bound to follow.
j.. W. Moore: ~ don't take much
stock in this wheat boom, it is on the
strength in corn and oats.
Thomas Taylor: "When I came
across Nebraska on Wednesday last,
from the coast to Minneapolis, the
country looked all right. Farmers were
blowing corn the second time. 1t was
Edry, but not enough so to be important
and the grass was green. I doubt it
conditions are quite so bad as many
would do the country good.'
G.. w. Patten: 81 am going from
Minneapolis to Omaha tonight to get
next to the dry country. 1t looks to
me as If a good rain coming along
would smash the oats market hard. also
corn. Of course, if it is not going to
rain, that is another story
| R. P. Robin: ''Winnipeg has splen.
did reports from the country and, in
deed. Manitoba and the Canadian west
in all, could not be in better shape.
The wheat is coming along splendidly;
| there is abundant moisture, and no
complaint of excess moisture anywhere.
I do not see how the present promise
could be better. Everything is pros
porous in Manitoba and then better
things are coming
| Marfeld was buyer of September
corn yesterday. Comstock and Wagner
Barnes of Duluth: s'I am bull
now on this market. There is better
feeling abroad on wheat
L. W. Bodman, in wire to Verhoef:
"New wheat will be on the market
freely in thirty days. Damage reports
higher prices, but it will be hard to
secure them, provided the actual stuff
, is offered and the crowd concludes it
does not want it. Taking the situation
as whole it would seem to me that
present prices are fairly good ones. -
D. F. Coon to Lewis: 'Do not take
any stock in those 100000 bushel
, Oklahoma stories and the big Kansas
crops. They are not there.
Logan s Omaha man says: "Bettel
buy the corn. Regular old hot and
, windy day here.
Jackson to Watson. tCoarse grains
heavily overbought and pyramided. Il
> it ever rains, look out for a smash. ,!
Friedman is quoted: I'd" Don't believe
! I would try to make. any money or
, the long side of provisions at these
prices.''
G. E. Lewis says: ''Just saw a letter
from Michigan saying the oats eroI
: over there is going to pieces and that
J. hay is very light. Hay has advanced
81 ton in a great many places in TIT
s last two weeks.
Whallon, from New York: There i
: very little change in the stock market
, situation, the buying power is supplied
a mostly by the covering of shorts. Al
t the low level there appears to be /.
little support. Looks like a dull, drag
e cling market for awhile.
8 Watson's New York office says
!: fSome attention is given to possibili
I ties of an extra session of congress
: Better weather reports from the ives
e and the revived rumors of early trans
fer of Hill ore lands to the Stee
{: A local broker got the following las
n might from the Waldorf Astoria: GO
e get it straight that strong bull part
l. is forming in the grain market, whic
l. is considered. unfavorable to the cam
+ paign for higher prices of stock:
e Should the speculative contingent, re
It Gently active in the stock market
transfer their operation to grain a
even more pronounced dizziness tina
e now prevails can be expected unless
d Simultaneous bear campaign in stock
d is inaugurated -
IS New York to Whallon: ga prom
n nent stock exchange house has receive
e cable from Paris stating that all tn
e Pennsylvania bonds have been SOLD
This is interpreted as indicating tina
the recent negotiations for Pennsy
n vania short-time loan in the Frenc
r capital have been successfully COZ
le cluded'
to New York to Whalon: "No gres
IS pressure of stocks for sale, but the ma
ket is certainly fiat and spiritless.