The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-12
GOSSIP OF THE MARKETS

New York to Watson-Negotiable receipts will
De issued for the first payment new Great North
sea stock on Which receipts sub
dorsed. Interest will be allowed on payments
otMay l, 1908. at the rate of per cent per
first days Of May and November in each year,
beginning May l. 1907. These receipts viii be
transferable on the comoany's books at such
completion of payments the receipts will he
exchanged for certificates Of stock, which when
Issued will take rank with existing stock from
May 1, 1908. Fractions will be adjusted by
scrip.
Valentine bought 200 Chicag oMay of Clifford
Total Russian wheat stocks are over ao,ooo,-
900. compared whit $780, 900 a year ago.
=. Higgins bought about 500 Of the wheat valen-
Weakness in corn and wheat depressed oats.
Liverpool wheat closed sd lower; corn un-
Valentine buying May wheat.
Chicago to Whallon- Farmers in Nebraska are
wheat was also sold from southern Illinois.
Chicago to Lewis-All winter wheat states
eoe Tne sa and 4sd Wnes in Is
Piper , from New York-Good buying is again
Gaea Pics IN IL h. Nsh
err prices are predicted for the stock Bull tips
are circulating on Union Pacific again. ..
- Total H1 clearances: Wheat, 51s 900 bu; -four,
wheat and -four equal 6O4, 600 blu. r. :"
Whallon from New York-From the right
quarter comes the prediction that barring I'M
foreseeE calamities we are on the of a great
bull market for 1907. If it is delayed from
now for time it will be on account of money
conditions and for that reason there may be
scme backing and filling for immediate future.
At any rate, buy on all breaks Of. :. -
L. T. Watson wired: 1 hear the large pur-
chases Of St. Paul yesterday by Content, about
10000 shares, was for Kessler. -. r.
Chicago to Lewis: Looks as tho the selling Of
wheat was over, offerings light and buying
orders are plentiful for May.
Armour received some red winter wheat from
southern Illinois on their last nights Lids. This
is the first red winter wheat bought in the Chi
cago market from the country for some time
Jackson to Watson: Wheat opened rather
tame with light, featureless 4trade. North
western receipts are light, elevators are turning
out contract wheat here quite freely. One eleva-
tor concern reports purchases of No. red win
ter in Illinois last nights bids.
Noyes Chicago, to Piper: 1T looks as if
the northwest had bought lot of wheat at the
decline. Peavey, MARRIED. and st. Anthony Ele-
, yator &C, company all bought. Northwestern mar
New York to C. E. Lewis: Notwithstanding
the distinctly better feeling in the market, we
do not look for any extraordinary rise generally
In stocks at present. The same ISSUES will
likely do very much better in the near future
Among these are the Hill stocks, which are
being bought to discount the rights soon to be
announced. and Louisville & Nashville and the
coppers and Atch1sOn on account of the practical
certainty of dividend increases. AS for the rest
the sharp bulges, waiting for reactions on which
to cover stocks. Money m9rket conditions do
not warrant any extended bull campaign at
this time, and, according to the information we
receive, the big people will maintain wait
Ing position until circumstances warrant pro-
nounced upward movement" =