The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-11
ROUND THE TICKER
AND IN The PIT
Gossip Of the Trading Floor and
About the Brokers'
Office.

dAhLEI,f shenkel anu an DuseE
bought wheat yesterday.
stopped when it came too fast.
DICKINSON was seller and Watson
seemed to have lots to sells
G. G.. SMITH wired Lewis, g You can
buy Southern Pacific; I get it straight"
ROBERT, PRINGLE says, the govern.
ment is very bullish on wheat.
!. RIDGLEY wired Whallon that Brook
lyn will cross par this spring.
VALENTINE bought 6O0, 900 May
wheat all told, according to a tab
keeper.
FINLEY DARRELL wired Piper that
it is safe bet to buy Norfolk Il West
MARSHALL of New York says don't
overlook Atchison as a conner very
soon.
DAGGETT is said to have been con-
servatively right on the big decline IN
wheat.
sCHWAB says he can lick any man
who says he is sick, or ever was sick.
CHAMPAGNE and truffes for the
Hot Springs pfungers.
ROLLS and coffee for the persistent
wheat bulls of Wall street.
JOHN DENNIS the Baltimore grain
exporter, recently at Hot Springs, says
the winnings of the bear crowd were
somewhat exaggerated.
MARFIELD'S Kansas City wire says
the only news is that the outlook .is the
best possible for the winter wheat.
AMERICAN WOODEN shows good
earnings despite the rather unIavorable
season earlier.
ALLEN is advising the purchase OF
New York July wheat and sale of De-
cember. Says that it is hedge that is
cinch.
WENTWORTH, of Chicago, says the
corn market is in very artificial and
dangerous position for holders of the
nearby options.
ONE TRADER who. frequents the
smoking room, and who tells it him-
| self, admits that he is long Minneapolis
May wheat at S2c, 81 am holding it, "
he says, and have got enough money
to earry,it down 10 cents more if neces-
sary. I am bull. They are OVERRIDING
this bear market. Ny wheat will be all
right when May comes around.
q CUMMINGS believes wheat bought
at Toe will be found to be good prop
erty in short time.
NEWELL, of Watson g New York
office, says: 8 Good judges again favor
the long side Of the market, yet do not
look for an active advance but rather a
steady Improvement in the absence Of
/ the unfavorable developments. The
/ Moroccan uncertainty having been
taken out Of the way. 1t is believed
/ a number of insiders and large specula-
/ tors who sold their stocks higher up
have been buying back part of their
usual lines.
PIPER'S office says: Consider the
government report rather bull1sh on
wheat, about as expected on corn and
/ a little bearish on oats.
| GATES is coming in for criticism. A
recnt Wall street letter says: 1t il
getting to be a maxim in Wall street
/ to SELF whenever John w. Gates gives
vent to his bullishness, the invariable
consequence is slump in the market.
Traders fear the Greeks bearing
gifts having little faith in Gates
philanthropy. The last bullish inter-
view was apparently designed to facili-
tate selling Of stock, but it can hardly
| be said that the results were satisfact-
DRY for Union Pacific bore the brunt OF
1 the liquidating movement.
| WALDORF ASTORIA Saturday even
ing gossip says: "There is growing
| impression that adverse matters viii
soon cease to exert influence. Some
commentors go so far as to say that It
hard coal strike is ordered stocks will
| advance on the news, altho their con-
/ .fidence is based chiefly on the assump-
ton that the bituminous wage question
is virtually settled. The chances are
/ that while this is traders market for
the time being, when speculation broad
/ ems low-priced stocks will become prom
i inent. In the first place. it costs COM
paratively little to carry them. Inter
est charges, even with call money at b
per cent, are relatively light on the low
! priced stocks