The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-04
GOSSIP OF THE MARKETS

Sidney Loves wire to Sharp Stephens, "The
resistance displayed by wheat values to numer-
that around present levels there is an intrinsic
value to the cash article and consequently to
the active options. Whether it be fact that
this country has reached point in its growth
where production and consumption have been
more nearly equalized, the developments of this
crop year may go far to prove. Since with
larger crop returns large visible and invisible
supplies inadequate export and flour demand
small speculative interest and unsettled money
conditions to contend against, the market has
resisted and even advanced, there is reason to
believe in further enhancement
Randolph, New York, to Whallon-The presi-
dents message, in my opinion, is bull argu--
The presidents message charges Standard Oil
with enormous profits from secret rates. which
Mr.. Garfield
Jackson to Watson-There won't be short
left in wheat should present tactics be kept up
much longer e." " ....' 49, -
eANew York to G. B. Lewis-The rise in the
market following the publication Of the presi-
dents message was caused by the bullish con.
struct1on placed on the message so far as rail
roads are concerned. .... ......
Duluth wheat stocks decreased 32OO 900 bu:
flax decreased 100000 bu E..t =
Piper, from New York-We understand that
arrangements were made today for the re-
transfer for $500 600 from. San Francisco to
New York. This indicates that return move
ment of the funds recently sent west has be.
gun. ~. ~ So
Chicago to Whallon-A~ few shorts trying to
July. III. 49, .E,..-.g- 80 49, z'-1
! Temple, Texas wired: Bell county acreage of
wheat about SO 1-3 per cent less than last year
Plant now heading and conditions .fatterng.
I e. Andrews and J. H. Wrenn buying Chicago
May wheat at SOAc.
New York to Watson: Bonds to the amount
| of $2,500,00 have been deposited at the sub.
| treasury to secure advances against gold i'm.
| ports.
good buying in the stock market Think stocks
are purchase. Ill
| J. D. Fraser, from Carrington: The air is full
of runlors; it is dangerous stock market. Elk
IRENE caution is necessary.
| New Yorll-At meeting Of the board of direc-
| tors of the InterbOrough Metropolitan company
yesterday it decided to begin paymetn OF
| yesterday It was decided to begin payment of
/ per annum of the companys preferred stock on
| July 1.
/ Daggett buying some July wheat. -N
! Liverpool close: Wheat 3s@1ad lower; corn
| 1aWAd lower
! Armour bought $4,000 Chicago May wheat at
1 the opening.
Argentine wheat shipments: This week
1 9,216,O00; last week. 2,4OS,000; last year, 3512
/ 000 Corn: This week 2.SO3,O 900; last week
4 1,471 900; last year. 1,216,O00.
| Shearson, Hammil sold Great Northern pre-
| ferred; Chauncey bought. rs
/ Grier, New York. to Lewis: The presidents
| message is very moderate and cannot be con
1 strued as in any way:against the stock market
1 to about the time the message is turned loose
/ then a sharp. drive and then they are a buy
! for keeps M
Taylor, Texas-while we are tile banner coan
i ty OF the entire belt on cotton. only about
i 10000 acres wheat this year. Conditions slightly
l better than last year.
/ The principal buying in provisions today
thni,rht to be for John Cudahy.