The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-02
ROUND THE TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers' J,
Office. u

Broomhall estimates world g wheat
shipments l0,S00,000 bushels. There
will be a moderate change in the guam
tity. Of breadstuffs on passage.
Chicago to Stephens: Considerable
shortage uncovered in December oats
due to the fact that deliveries this
morning were taken in by one interest.
Chicago to c. E. Lewis: One party,
here worked eight loads wheat export
via the gulf yesterday, and I hear Of
eighteen loads hard winter worked to-
day.
New York: Treasury officials re-
gard high money rates in New York
as purely temporary and speculative.
There is no intimation that Secretary
Shaw has any idea Of relieving the sit
uation.
New York: 1t is stated in a private
cable this morning that there is a pros
pect Of big foreign buying in this mar
ket. Sentiment is undergoing a change
toward the American list, which is re-
garded very favorable now.
Chicago to J. D. Frazer: Scattered
commission selling December oats at
opening caused rather weak opening,
but buying by elevator people quickly
absorbed the offerings. Pit seems bare
of December at moment. The trade
in May is mostly changing and local.
New York: get it from very
good source here that the Forthcoming
statement of the Pennsylvania will be
the best ever issued and will show very
large increase in both gross and net.
Statement will probably be out Mon
day, or Tuesday;
by Armour chapin "n Bart lett s Frazi Gu.
Booth, Peavey, Woodbury. and scatter
ing. It was taken in by Shearson
Hammill, Requa and Logan Bryan. The
Shearson Hammill house took the great
bulk of the property.
Chicago to Charles E. Lewis: Liver
pool cables come unchanged to sd low
er for wheat, the decline being in the
December futures. Corn 1s to I'd
lower. Car lots underrun the estimates.
Some precipitation thru the southwest,
but west and north the weather is clear
and cold, with prospects of much colder
weather in this section.
Think wheat is purchase during
the next few days, as after the cash
wheat has been placed look for higher
market. 90.
Believe with seasonable weather we
shall see much larger receipts Of oats
and corn and materially lower prices.
| Feel friendly to January provisions
| on the soft spots.
New 4Ork,-Ihe market today has
been very dull, but with a firm under
tone: The bank statement was rather
poorer than expected and for a few mo-
ments prices sagged off. but picked up
again at the close. which was strong
and about best prices of the day. B. r.
L. was feature in strength. The banks
have about one and a half millions in
reserve left. =
Broomhall Cables-There was a quiet
opening in wheat, with values I'M
changed, owing to smaller deliveries on
contract than expected. Toward the
close there was some disposition to well
December and this option lost &c,
while the distant months were dull with
values unchanged. Selling was partly
ascribed to the easier Laplate offer
lngs. Corn was quiet at the opening,
| with values unchanged. Later prices
| declined 1sc to Nc on the weaker Amer
| lean cables, less active demand for
parcels and the fact of free tenders Of
| Laplata and American corn on contract.
Boston to Piper johnson & Co.-Cop-
pers again strong and active on a broad
market. Tecumseh was the feature,
selling up to 81. Cal. & Ariz. on a
few sales sold up to ITO. This stock
has been well bought for some time and
the floating supply has been pretty well
cleaned up. We continue to look for
a strong advancing market and feel a
! tight money market is the only thing
to keep it in check. =