The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-08
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers
Office.

Whallon-After a Scent decline, it
will be reasonable to expect rally in
wheat. d. ... --..
Cowen, Kansas City-There will be
$50 wheat cars here Monday. There
were about 20 year ago.
Wenn to Misunderstanding houses
selling heavily. This is the bear fea-
J. w. Moore-The crowd can see
nothing now but lower prices. With
any damage to the Russian crop we
| are low enough.
| -. J. S. Bache to Piper-We look for
| higher range in stocks, due to cover
| ing. Bank statement unfavorable, show
ing larger deposit and cash losses than
expected.
Grier, New York, to Lewis-We be-
lieve stocks are now on the upturn
again and should be bought.
Howard Elliott, president Northern
Pacific, says that road is doing the
business of it's life. ..
President Shaughnessy Of the Cana
dian Pacific says the new extensions of
the road will be ready for operation by
Jan. l, 1907.
Jackson will make the prediction
that the people that have been bulling
wheat above SOC will be found bear
ing it under 75c.
Bartlett to J. D. Fraser-We are get
ting few dry-weather reports, and if
we don It get some rain in the next few
days there will commence another howl
on this corn. I would advise buying
May corn and buying it today.
J. E. Whallon from Shearson. Chica-
golf you people don't kill the spring
wheat soon with black rust. the price
/ will be below IS cents.
Sidney Love to Stephens-Eliminat-
: ing entirely the possibilities still ex-
, isting for spring-wheat damage, we
) strongly believe present values fair
} and reasonable, and advocate the buy
, ing side of wheat on as scale-down, as
| offering money-making possibilities with
small risk. ~.
: The department of agriculture an
3 nounces that the July report of the
t crops will be made public at 2 pm.
9 July 10. -....
: Dow Jones says: "while no off:
Q cial statement regarding the ore deal
! intimated that details of the plan will
i be made public within the next few
Z weeks"
e A. J. Cummings-The president OF
It one of the biggest elevator firms in
~ the winter-wheat belt is reported as
saying that he is afraid that the new
wheat crop will not move freely at these
prices, which would mean a small re.
, turn comparatively on land values. The
- farmer is independent and during re.
q cent. years has found profit in hold.
= ing back his grain.
h Watson says: "There is a large
- short interest still in the stock market
a and it looks at the moment as if it was
~ ~ the intention of certain professionals
4 to put prices higher with its assistance
Il and the prospect of very favorable
=. government crop report next week
=. There has been quite an extensive line
- of short commitments covered, and the
e. Ill IL ~. IL
y position to harden and remain firm al
a. the top level of it's advance is taker
= as favorable omen of further improve
q ment. 1t is pleasing to note also that
- the recent heavy liquidation has sub
- sided.D -. "~~-sf'
~ Bogy, New York, to Lewis-Coppel
# acting well, London buying it rather
!. literally. I learn of enormous pur
: chases Of Steel preferred recently, un
A. der cover, for London. -