The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-29

Minneapolis & st. Louis earned equal
to per cent on common stock for the
year ending in June.
/ i. T. Watson Wired-I hear Atchi-
son and Erie will be taken up for Il
good advance Standard Oil is esti-
mated to earn $100,000,000 for the year,
or about the sum total of the capital
stock. issf5
Union Pacific has borrowed $1o,00o,-
1000 on six-month notes paying 519 per
cent for the money!:
4 F. P. Frazier says: II find that
! the country banks thru Indiana, Iii
/ nois and Nebraska and Kansas arc
buying considerable commercial paper.
The farmers have sold their wheat
freely this year t than ha AXE
creases the deposits in the country
banks, so they are buying paper and
4 also Increasing their balance in our
banks, so it looks as tho money was
i, going to work little easier. -.
Noyes, Of Chicago, wired Piper:
. 'tThink it certainty for at least q
cent to sell out September and buy
December or May wheat. The south
us on this reduced rate which expires
; Aug. 10. Big stocks and stiff money
; mean full carrying charges. December
will sell Sc and more over September
and May will sell SC and more over
December. Better spread some, Of
Whallon, from New York: "It ma,
. ditions must tell in the end and some
4 lLhow people always wake up to thu
Q merits Of the steel shares. Shorts
j were free buyers all week and Their
i were heavy purchases for the long &C
u count. Southern Pacific was the excep
: ton, lots Of it was for sale" -
II G.. E. Lewis says: "The crop ,
It corn in Kansas is practically made an
. will be one Of the largest they hav
ene, bash KSnsaa sTSp ia1
! The, Atehison road has more bushes
= in sight today than ever in the hi
, tory of the road The common, stoc
> is earning IL per cent and there.
A. not much doubt that they will increas
a. fall -, -
r. Railroad rates are satisfactory a
n over the country, and they are goin
g. to make very. large returns, and tt
70 increases will be- coming in right alon
- on nearly every railroad: in this cou,
u try. / don't believe there is al
St money in the short side Of the stoc
O., market for the next twelve months.
es Watson, New York office, say
d. is usually the case on Mr.. Morgan
:. return from prolonged vacation. Fl
~ company's statement to be publisht
- next. Tuesday it is said will make
~ Surprisingly good showing. Even co
1servative people are looking for a$44t
SO Premier Robin of Manitoba confr1
he INTERVIEW that Canadian northwest W
> have lOO,O00,OOO bu wheat for expo
IN Ogilvie Milling company makes tot
- crop same as last year, or $500
~ 900 bu.
an Bartlett wired: IA gentleman, w
e. Is largely interested in the iron al
of steel Business, came in our office tt
*, morning: He has: been down thru t
lie that almost every industry maxi.
IT, iron and steel has increased in faci
:, ties pretty largely within the last #
-" years, and that they are not able ev
" now to keep up with the consumpti
le- demand. He looks to see one Of t
n largest years in this industry that y
* have ever had. This can mean b
all one thing, and that is that, the ra
nd roads, are going to receive the bene
70 General Manager Morse of t
~ Grand Trunk Pacific railway says
we the Hill invasion of, western Canad
"From a Grand Trunk Pacific star
point we would much prefer that t
- Hill interests condne their operate
TX to the United States. From a pure
. Canadian point of view think it
70. the Great Northern come into It. P
NO sonally | think the more capital !
,le more Industries the more railways tt
he can be brought in the better.
ed The Journal Of Commerce CONNIE
,ut says: Slowly and surely the. Stal
,sy ard Oil absentees are struggling
,sy First it was James Stillman, act
nd as advance agent: Now William Roc
cal Teller rolls in. Shortly. John D. Roe
Ids is still with. us. Surely Standard :
tie presence spells speculative activity.
Iva is rather interesting to note that
lay most bullish talk on Southern Pac
comes from quarters close to 3.
vas Hartman and James Stillman. J.
ex- Morgan and James J.. Hill have \
en- arrived, which completes the coterie
yer prominent men, with those already
ers rived, who have been absent from
the Waldorf Astoria gossip says: :" NJ
sed Of the recent strength in stocks ,
gy. due to the receipt Of dispatch fl
adv st. Paul, announcing that Hill
tm}f comes to New York to consummate
FED. negotiations for the sale or lease
ook the Great Northern 8 ore land pro-
the ties to the United States Steel corpt
ton. J. ?. Morgan being scheduled
her be IN the city ABOUT ut, The same time
ted closed. The bulls made effective
Ga of this argument and bid prices
inc which was the means Of bringing
'en' called that Judge E. Ell Il: Gary, Be,