The Minneapolis journal., 1906-03-04
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers'
Ouiee'

WOODWoRTH make first sale May
under 78c
PRINGLB and Friedman sold heav.
lily in Chicago.
STOP. LOSS orders were reached in
LONG WHEAT stin held here that
c.. G. SMITH says copper still sale
for five points.
THOUSAND shares Great Northern
changed hands between Dominick and
Chauncey, two New York brokers'.
COPPER the storm center in stocks
and everyone afraid it will have big
break some day.
CHAPLIN, in the Chicago pit, handed
out 100000 May wheat in lump.
Kneeland bought it. Thought to be
long wheat on .stop-loss order.
NEW YORK holders of May wheat
were. said to have let go some Of it at
zee in the Chicago market, but there
was none loosened up here.
! by Bartlett, for some good customers,
| went overheard yesterday.
PEAVEY g brokers and Wrenn were
buyers of wheat on the big break, and
took in considerable May.
WATSON'S bulletin, estimating
March stocks Of wheat at 213,000.000
bushels caused general selling out and
| UiOhe Gue llldf hct udIu.
/ CLARK.DODGE, who trade for the
biggest kind Of people, were heavy
| sellers of the steel stocks yesterday.
GEORGE DAGGETT says st. Louis
sentiment is very much against the
commission rate advance, now being
tried on in Chicago. Minneapolis is
waiting to see how it works out.
FLETCHER: of st; Louis says "My
brother was in north central Kansas
yesterday and wired me that the snow
covered the ground generally and there
was much moisture.'
| W. II. BARTLETT says there was
some buying of corn in Chicago re-
Gently on reports of dry weather in Ar
gentine. Gas the crop there is as far
advanced, says Mr.. Bartlett, as ours
damage from drought. This year the
Argentine crop is earlier than usual
and dry weather would only mean an
earlier and heavier movement to mar
ket''
LEWIS New York wire read: "I
know Of one party that covered up
/ WHALLON'S New York advices
say: "We believe that the one ad
1 verse factor in the situation has been
the money market, and it is our belief
that the worst has been passed SO far
as call rates are concerned. A strong
market is expected next week.
PIPER. from Finley Barrell, Chi
cago: "There has undoubtedly been
an increasing volume of liquidation in
wheat. There have been scarcely any
rallies. The market dragging to new
low level and long wheat competing
with short in pressing it down.
WALDORF-ASTOR observer says:
| GAS rule the selling of stocks was
} as poor as the buying was good 1t
was apparently the kind of selling that
develops near the end of a decline and
represented the cleaning up of weak
accounts. Much of the days bearish
effects was inspired by the fear of
;, tight money and poor bank state
ment. The bank return, however, dis
!, appointed such expectations and Mr..
Shaw's $10,000,00O deposit checked the
bearishness.
EVANS, reported a good Judge,
says: ''The market acted very badly
: today, much worse than I should have
, thought it would under the circum-
stances and its action indicates again
, very clearly that the tendency of
prices is downward. I believe there is
a good deal more liquidation to come,
and that stocks are going lower
NEW YORK stock nd bond houses
which have heretofore not even had a
grain ticker in their establishments, are
making extra provisions for handling
grain business, and have put In black.
boards for grain quotations.