The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-15
ROUND THE TICKER
AND IN THE PIT
Gossip Of the Trading Floog
and About the Brokers'
Office.

C. 81. Thornton, Duluth, says: HThe
northwestern wheat crop has hardly
maintained conditions during the past
week, or possibly the advancing sea-
son has brought out the defects, here
tofore not apparent. Red rust is in
evidence everywhere and as unaues-
tionably reduced the prospect. Rumors
Of black rust may. be expected to con-
tinue and there will be some black, or
stem rust, whether or not it will ma
terially reduce the ultimate yield, no
man can now say. A feature Of import
ance, not to be overlooked in estimat-
ing final conditions on the wheat that
now looks SO good, is the fact that 1t
largely has small and shallow root,
root. made SO because of too much
moisture during may and june
Watson from jackson, Chicago.
lowing to strict adherence by the
roads to tariffs there will be q large
amount Of wheat coming here from the
southwest that has been going to gulf
ports. I look for big run Monday
and for stocks to pile up here, When
they reach their maximum prices will
be found to be. much lower. Sell the
wheat while it is up.' u:
A. J. Cummings says: s'The foreign
ers may come in any day and take our
wheat and the market would 90 up 8
to B cents. There is this probability.
to say nothing of black rust likely I'd.
t asvel p in the spring wheat at any
,, Duluth e.y Eired Saturday after the
D., say they find black rust east Of
New Rockford and that it has destroyed
several good-sized fields"
New York to- Charles E. Lewis,
Professional traders are almost ali
bearish. Big selling Of Amalgamated
caused general selling. especially in
Union Pacific and Reading. This
brought about further liquidation. The
situation does not look clear, altho I
Pacific and Reading might be bought
for turn. ~ -- "a ~
New York to Piper: IA prominent
banker Is quoted by his friends as saw
ing. that standard dividend.paying se-,
curities are worth the money, and that
any further decline will be followed
by quick rally
| New York to Whallon: "The stock
market was rather dull. but on the
whole has shown considerable strength.
The bank statement was much better
than expected, but, as usual, had little
effect on the prices. Near the close
quotations sagged off more from in
action than anything else. Think next
week will see better market.'
J; F; Morgan will sail from London
Z. F. Day Of the Minneapolis & St.
Louis says: "The line from Water
town to Minneapolis should increase its
| net earnings sufficient to take care Of
it. The new line lies in rich wheat
country, all of which is tributary to
Minneapolis. TEack-laying will begin
the middle of July. The section Of
South Dakota thru which our lines run
| T
There is no indication of poverty. I
have heard it said that the per capita
wealth of South aDkota is double that
of any other state. Certainly it is the
| anywhere.
| Petri, st. Louis, wires C. E. Lewis.
H,l've watched a little field Of oats
close CO to my home since seeding and on
Monday it had improved marvelously,
then rust struck it. This morning ii
looked like wreck. I doubt If It
J. q. Love, division freight and mas.
senger agent of the Milwaukee, re-
turned to Sioux City yesterday after
q week in South Dakota, during which
ne covered almost every mile Of his
eefoT% lpo IS railroad in that state,
he decares G have an never Sepe sasn 9an
at this time of the year, give more
promise of bountiful crop than The
wheat, corn and oats Of South Dakota.
In number Of places corn is tasseIinc
out. This is two or three weeks early.
but proves that the new soil of South
Dakota is adapted to the rapid growth
Of corn and forecasts good crops In
years yeanso to + come; - Mr.: Love also an
have the bridge over the Missouri
river for that company's western az
tension, but that the bridge viii be To-.
Gated some sixteen miles above Eyarts.
The town to be built at the CROSSING
has been given the name of HMo.
BRIDGE a combination Of Missouri ),
and BRIDGE" 49,