The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-23
GOSSIP OF THE MARKET

New York to Watson: sit has been 50 gen.
orally understood for several weeks past that
shareholders substantial Christmas present,
amounting in total to about $3.50, 900, 900, there
fore when the news was actually officially an.
something it had already known and in q
measure discounted. longer consideration OF
the terms Of the ore land lease and details OF
the plan as announced win reveal that there
is much of future Importance to Great North
,ern shareholders which many Of them and the
before s d"e set
closing Of the Great Northern books, it will
be reflected in higher price for the stock.
Inc maintained strength and advance OF Union
usual runora Of a closer. connection Of the
been naturally revived, but best opinion is the
shares are being accumulated more on an in
vestment basis rather than on the, theory that
which is expected Within the next few days 5,
will show earnings in the neighborhood Of 20
sur already ' Would t
permanence Of the present dividend Of 10 pei pei
cent for long time ahead"
Its per cent basis, is not particularly low,
but; with tariff legislation impossible, per
next
to come 1t ought to be safe purchase for 80.
Coming to more speculative issues. 1t is argued
they may be slow they are cheap on earnings
and prospects. Powerful fnanciers and bank.
ing interests are heavy holders. a great deal
ese Gs
ready been made the stocks would be quoted
watched the dealings closely say that large
interests supplied stocks freely yesterday after
noon, with the evident purpose Of .curbins
speeulatiion' put that Indications point to
Poehier says: 'There is no change in the
f snd Nay Of s @
weakness. To see the differnce 60 back to q
normal one would be welcome generally to
both bulls and bears. The stringency in cash
Of December wheat have, all aided in curtail.
ing the nour business and limiting trade gener.
which viii come il railroad service improves
All these temporary, features do not affect
May wheat which Will sooner Or later prove
Total clearances: Wheat, 10000 bu; -four
5000 bris; corn. 1000 b.; oats, 1000 blu.
Bradstreets clearances: Wheat, 1000, 900 bu;
corn. 100000 bu. s.
Peoria. III. wired: Reports here from In,
running go bu to the acre." 90 -
New York to Lewis "a very steady tone
cihc to appear any day now, and fluctuations
IN. anticipation of It likely to be rapid. Look
for quick changes"
New York reports II loads Of wheat and 2
| OF corn for export.
A London cable says Argentine crop conditions
are favorable. Harvest has begun in wheat ana
harvest promises to be plentiful.
Jackson, Chicago, to Watson: 81 would not be
in lard and ribs for Nay and January delivery
in the next thirty days. Packers are working
hard for lower hog prices. The. public L. long
On such decline as I expect / would buy lard
and ribs for good profts.''
Freight lake rates, Duluth to Bufralo. are
down to lac e,5 4.
Liverpool ,Close:. Wheat unchanged to Md
higher Corn s@Ad higher;
Omaha wired Updyke: Fine weather and
large offerings Of corn.
Berlin &c lower. Budapest 1ac lower.
Corn very dull with practically no trade
Oats. like corn, nothing doing. q
winnipeg weather clear and cold. zero.