The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-10
GOSSIP OF THE MARKETS

Chicago to Lewis-They are complaining in
Kansas is harvested you viii lnd all Of w West.
ern Kansas will be worthless.
Liverpool close: Wheat, I'd lower; corn, I'D
New York to Piper-Eckstein large seller
New YORK to whallon-The banks thus far
this week have gained about $1,5oo, 900 from
the subtreasury and the expectations that
we 1o shall have good bank sn statement
its commercial supremacy the coast, and
reports that crops in the west never looked
better.
. Pringle buying September oats. !,
o. Jim Patten in Chicago pitt helping the bull
Armour and Bartlett Frazier selling September
Moore to Watson think Valentine wants
to buy: july wheat against the September lie
Peavey buying July oats
Provisions unchanged with little doing.
Chicago to Whallon-The government report
suggests winter wheat crop of about 472,0OO,-
Chicago to Watson; Can't see that there is any
improvement in commission house trade. 1t is
all local.. Rankin. Lake. Scott and Comstock
Berlin closed NC lower. .-. ar
B.oomhall cabled: Wheat unchanged to va
higher at opening, Influenced by steadiness in
pressure, While distant months gained I'D, due
to less favorable American crop advices, which
caused more re-, frmness among holders
weeks shipments of wheat at 100000 bu;
corn, 2,40O, 900. = "a s&-,$
reported very promising; harvest begins next
week, has already commenced in some sections;
area increased about per cent"
Jackson to Watson-Government report shows
one Of best winter wheat prospects this coun-
try has ever had. 1t suggests prospective crop
Of 472'ooo,ooo bu. The average acreage of
has been 70 600 600 acres, and condition in May
has averaged S2.6. s
Peavey and Wrenn buyers of July wheat in
| Chicago. Wrenn has taken about 900 bu.
Selling scattered.
New York;. II. Hartman Is bullish. :,
/ New York to Watson: don't think stock
market strong enough to sell. Looks more as
tho they will go up again this afternoon.
D hroakyn to Rapd Think It soea
for higher prices.
| Rankin to G. E. Lewis: I and expect to
G. w. Patten says: suggest to all parties
long May wheat and short July corn to get out Of
this If long the May sell y out
block Of Shannon taken out of the market, and
for low-priced copper stock it looks attrac-
H. Lake and Ned Brown, who have been
in the southwest, return feeling friendly to the
bull side Of wheat.
fine. Fargo. clear and fine Hillsbero, clear
clear and cool, strong south wind Fergus
Falls, clear and warmer. St. Cloud, clear,
1 calm, fine, 90 above. 5ts9ss #sss9
J Bartlett's Liverpool house cables: Wheat
and corn firm, with an upward tendency. Hold
ers have more confidence, and the political situa-
4 ton is causing some anxiety"
! Moves, Chicago. to REPRESENTATION on winter
! wheat suggests "A crop of 456. 0O0, 600 bu COM
pared with 419.OO0,O00 raised last year, accord
ing to Anal government report.
New York to Watson-Revival of all the
old rumors about Northern Pacific and of the
/ stock having gone into strong hands on the
decline. Last squirt was done by traders, but
4 stock was not here.
i J. A. Patten on the market: 1.-THE shorts ii,
! May wheat yesterday were not able to buy
much wheat. At the close. OF Yesterdays SEES
sion large amount OF talk was given out by
be- brought down from the northwest to be
delivered on May contracts here On the basis
i of the northwest markets. wheat could not he
bought here except at a considerable loss, and ii
brought here and delivered basis OF yester-
days market, large amount OF the wheat
would be wanted by the milling demand.'