The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-09
ROUND THE TICKER
AND IN THE PIT.
Gossip of the Trading Floor and
About the Brokers'
Office.
Arr1our's Argentina cable notes dam

Arnour's Argentina cable notes dam
age to corn.
Another Rosario cable says corn pros
poets affected.
Comstock, Rankin, Cutten and Wag-
ner bought oats.
Peavey buyer of July wheat yester-
day, taking considerable.
Break in Greene Copper due to new
issue of $2,50o,000 stock.
Armour sold May wheat and bought
December at 41sc difference.
Jefferson Levy is reported to have
beeen caught a big bear in London in
Canadian Pacific. The price has been
over 200 and is now about 1891 in
London. .=r
Rankin, Chicago.-Cash houses have
orders here for oats from all parts Of
the east with no stocks to draw from.
buy May oats on all soft spots and sell
May corn on all hard spots.
jackson, Chicago.-A prominent ele.
yator man here. tells me that at least
2,0OO,C00 bushels corn will be moved
into this market for December deliv.
cry. .. ... ~
Secretary. Shaw said yesterday he
was watching the money situation
| carefully and would do something this
month, how and when he had not de-
clded himself. He was inclined to be
| disguised with the action of the New
York banks. .-
Watson from New York.-It is stat
ed here on what is considered good au-
thorlty that the secretary Of treasury
will deposit $30,O00,000 in banks on
Monday. &c.
F.. P. Frazier, Chicago.-While the
foreigners do not respond to our
strength we feel convinced that they
have to have our wheat, and that
wheat is purchase on every soft spot.
We look for larger receipts of corn and
oats and believe they are sale at
present prices.
w: G. Sunderland, Omaha, to C. E.
LeWls.-The movement of wheat in the
winter wheat country is about over and
everybody; wants to buy wheat down
here. It would take a book to tell all
the: builish arguments that are real
facts. l am very bullish on wheat.
Z. 4. Gates says: "The stock mar.
ket will depend On the possible relief
by Shaw. Think it is coming and If
market is. weak would buy stocks.
Washington wires: Hear Shaw IS move
will be either $30,000,000 cash or the
-refunding of $30,O00,O0o old govern
ment tours and that it will be before
Monday''
! Whallon, from New York.-It is m.
mored in speciality circles that Colorado
Fuel IS on the verge of a rise. Earn
lngs OF the company are said to be
main basis for Improvement. Duluth
South Shore is being Tipped for adj
vance: It is being handled by the
Canadian crowd which is bullish on the
market, and is operating with funds OBJ
tanned at a low rate. They handle
stocks that are scarce and can easily
manipulate them.
F. R: Babcock,' Chicago, to Piper,
~ advise the utmost conservatism un-
I'll the money market gets in better
shape. The money situation is strained
everywhere. Any relief Shaw can aft.
ford will be only temporary Legisla-
ton is the only form Of permanent re-
lief IN sight. and, this is a long way
OF Prosperity continues, but the diff
and year ago is that no manipula-
| tor, however powerful, would dare UNI
dertake bull movement in the face
| of present money conditions here and
! abroad. Would sell stocks on all raj
lies and be prepared to buy stocks
when the money situation rights ITSELF
New York to Watson: IsThe we'll
grounded belief that Secretary Shaw
will shortly come to the rescue of the
money market with further re-
lief measures has impaired con-
fidence in the market that has
not been present for several DAYS.
Then the lack of the iquidating offer
ings which have recently been such a
feature in the trading, has given the
bull party more confidence The stu.
alton, however, is by no means clear,
a fact that will in all likelihood be
brought closely home by the bank
statement, which shows considerable