The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-09
GOSSIP OF THE MARKETS

c. e. Lewis from New York: ''The circum-
stances surrounding Illinois Central have aroused
a. temporary ripple Of interest, but the mat
ter was to certain extent foregone conclu-
sion, and as the change is largely personal in
its nature, the property is not supposed to he
particularly affected one -, way or the other
s0rbed in some manner, either In the form Of
lease or by exchange into bonds. and that like
Lake Shore, it will disappear from view. Those
who have been a sufficient length of time in
the street have seen Fort Wayne and Cleveland
& Pittsburg. as well many other high priced
shares, take this course, and 1t Is to be ex-
cession." - s7
Poehler says: 1.-THE general position of wheat
is unchanged: The recent decline in December
Light receipts that month had been crowded too
close to May. The increase in yesterdays re-
ceipts naturally started December wheat to a
There is for further change in this way.
and a few days Of increased receipts would
cause December to go back to &c under, May.
All this is natural and does not change the gen
eral position Of the market. On further mod
crate decline, good investment demand for
May wheat will develop
r. s sSfs, sNs. Nc NO NC. Me- MY g enfw
Z. Watson from New York: Faith in some early
action from Washington Is undoubtedly one
great sustaining influence and checks liquidation
The trade is largely professional and the market
Is offered down by the bears. No pressure of
real stock yet.
OnlCd8O-C ar tEdue Ill Wneat dL SteSUy prices.
Nothing significant New York wired the export
business IN wheat yesterday proves to have been
very good.
Whallon, from New York: It Is stated on
Hartman authority that the Union Pacific report
will come out soon. It is further stated by
those who have seen 1t that 1t viii be excellent.
We understand the stock Is bought for inside &C.
count on declines. Amalgamated was reported
we'll bought this morning on the opening soft
ness. This stock Is supported well above 100.
II Is held for the present between 100 and III.
We believe 1t Is destined for much higher prices
later.
s Washington, D: c., to Piper: Gold to the
amount Of 81 $50 900, which arrived in San Fran
ferred by telegraph to New York Friday morn
ing.
Antwerp fax hc higher. London unchanged.
$ Liverpool closed wheat A@%d lower. Corn,
Chicago Good deal Of wheat to change here
this morning at DC difference s& -
81 Valentine buying some May wheat.
AZ Argentine wheat shipments: This week. 9O4,
coo blu; last week, $4,000: last year. 1920. (
600. Corn: This week, 4,O46, 600; last week,
2,153, 900; last year, 22O2 900.
The weather map shows It cloudy in the north
west, with rains in Manitoba and at Devils Lake
and Moorhead. Clear weather in southwest and
central states. Temperatures seasonable.
Winnipeg weather: Clear, cold; SO above
+ New York to Watson-It is the talk and
hope of treasury action that encourages buying
and checks liquidation.
& New York to Piper-Sixty-day money. is just
about nnquotable. but 8 per cent ,is as near as
we come to 1t. -Four months, 6 per cent bid.
Call money may easily run up to 20 to 80 per
cent most any time now.