The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-18
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers
Office.

STOCK market extremely dull.
Lightest business for months yesterday.
HEINZE interests now said to be
trying to depress Amalgamated to get
back in.
REPUBLIC Steel general Offices are
being moved from Chicago to Pitts
burg: ..-
ing turned down by investors these
VAN AMBERG says he can see evil
dences again of the old manipulation
for lower prices in stocks.
NEW YORK sent 100000 in cur
rency to Boston on Friday and Satur-
day.
Der wheat here now 11sc difference
with July, and going to &c. 1 wanted
to spread some Of this last week at
&c difference
TELLER of the New York Stock ex-
change wired: "This is the dullest
market I have seen for over a year.
Absolutely stagnant today
JOHN MITCHELL IS latest utter
ances make a compromise over the
pending coal strike seem very prob
able.
WILLIAM E. COREY's retirement
from the presidency of the United
States Steel company is again in the
gossip.
CONFLICTING wheat dope is COM
ing out Of Chicago. Pretty good peo-
pie are at variance. Crosby says:
"There is the largest short interest in
wheat for years. 1t is largely in May.
bushels, and don It see where the shorts
will get off. - John A. Rankin, on the
other hand, says: ~ am pronounced
bear on all grain. I never saw wheat
in such weak position. Stocks are
increasing and the growing wheat could
scarcely be improved upon
GEORGE MARCY of the Armour
crowd, on Change here yesterday was
non -committal as to wheat-price posi-
ter Wheat said Mr.. Marcy, els IA
vorable. Everyone is watching the
growing stocks in Minneapolis and they
are certainly large'' Mr.. Marcy would
not say he was a bear, however.
WATSON says: "The oversold con-
dition of the stock market and the fact
that it has already practically discount
ed all known unfavorable features bear
ing on values, even including an actual
response to good news Of any sort and
the apparent difficulty in depressing
prices further. Tendency to improves
ment has been noticeable, and unless
all signs fail, the trend Of quotations
will continue upward.
/ WHAI1ON says: "We do not have
to look far to find good news. The
railroad earnings for February made a
most favorable showing, and they re-
fleet the wonderful activity and pros.
perity of trade and industry in all
their various branches. Then we have
!, the Steel statement, not only wonder
full in it's showing, but a model in Its
completeness. Last, but not least, the
export business of this country. But
at present the public does not seem to
be in any mood to go into the market
and for the time people are paying
; more attention to the bear side. This
is largely due to the continued agita-
tion against corporations and corporate
interests.
FIRST winter wheat acreage guess
from J. W. Kendrick, vice president of
the Atchison, who says per cent in.
crease in Oklahoma This is sur.
prisingly small increase-for railroad
man to see-and is so conservative thai
it is probably right.
OATS and barley are going into large
acreage in the northwest this year &C,
, cording to a Minneapolis elevator man
J who has been out extensively. Good
, returns in them last year and low prices
for wheat make this seem likely.