The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-10

Gossip of the Trading Floor and
About the Brokers
Office. 81
Henry Clews selling stock.

wall street DuylQR wheat.
Dennis wired Chambers to look out
for bad news from Nebraska Monday.
Wrenn says sell some wheat now
while the steam is on.
Wichita expects new wheat to move
in two weeks, with good weather.
Marfeld bought both July and Sep
TENDER wheat Saturday
F. R. Babcock wired Denman John
son: Good support in Chicago July
wheat. Would buy it.
Houston-Fible, of Kansas City says:
Texas, Kansas and Oklahoma will have
almost as much wheatsas last year.
Ben Bryant feel friendly to wheat.
Believe in higher prices later on.
Cummings Letter-Action of the mar
ket proves our advice of last week that
| around 79c wheat was a good purchase.
Believe in still higher prices.
II. Y. Jones Says-If the splendid
crop prospects of the west can be de-
pended upon at this season, the year
1906, is to be one of great prosperity,
and the prosperity should be reflected
in continued high prices of railroad
stocks. Net earning records will be
made.
Rankin Wired Lewis-Buy this
wheat on weak spots.
weather man the rainfall, called
shower, was over half an inch.
Spring Ranch, Neb., writes Whallon:
Worst weather here of season, very
windy and dry, real estate in the air,
wheat heading out short.
Shannon, Lincoln, Neb., wired j. ID.
Fraser. Need rain badly.
Foster of Foster Elevator company,
wired from Lincoln: Wheat in critical
condition.
lincoln nevsnaDers are commenting
upon dry weather and seriousness OF
crop situation. -
Verhoff had better reports from Illi-
nois and Indiana on oats, but worse re-
ports from Nebraska.
| Patten says: 1t is a year of freaky
weather and freaky markets.
Topeka special to Lewis says: There
will be much less demand for peniten-
tiarY Irvine this year than last, less
perintendent at the penitentiary says
because of a much smaller wheat crop
than usual Pratt county had n~order
in for 10000 pounds and it was cut
to $4,000 yesterday.
| 3Whallon's New York Wire-The
bear traders in stocks became more
aggressive and sold the market freely,
giving an interview with Mr.. Wander
lip in Chicago and further advance
III wheat DIS TodSOuS
One Minneapolis bull predicts zoe
for September wheat. Another prom
inent trader and very successful one,
says: "The bull market will hatten
after the government report on Mon
day. The boys will find that the worst
has been told and that there is chance
for good crop after all. They will
sell OUT Sentiment, while generally
bullish, is mixed. Bullish and bearish
. opinions may be heard. The bulls have
the best end of it, but the bears are
hoping to get back into the game after
the government report is out.
500 Line territory seems to be espe'
cially favored, for in all the bad re-
ports that have come in and all the
uncertain ones, nothing has been re-
ceived from 500 country that was not
favorable. When the rains began to
soak the valley and make the crop sit
uation there look dubious the 500 Off
Gals smiled, for in wet year-when
the low country is too Wet-the higher
country west, where the big wheat
} yields are made nowadays, is always in
prime condition.
New York to Piper-The hesitancy
in stocks is caused by the poor crop
reports. Prices may sag off little
more Monday, but it is still a trader ,:
market and good stocks may be bought
? on weak spots just as they should bs
sold on strength.
Watson New York Offce-The ad
vance in price of wheat has not done
the stock market any good. While the
! wheat damage reports with which the
! street is flooded are not credited in
well Informed quarters, their effect OF
. sentiment will likely prove adverse un
r Hess soon contradieted. The impression
e seems to prevail that the government
report on Monday will show decided
J. Vanderlip 's money talk in Chicago wa
J.. also an influence towards conservatism