The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-16

Gossip of the Trading Floor
= and Shout the Broker
W. Office.

t.. Z. Watson-Some of the smaller |
neglected stocks will move next week.
A.. G. Chambers-Minneapolis wheat
market looks as tho the shorts pretty
well in.
&C. Gates-It looks to me like Bal
timore & Ohio for good profitable buy
now,
A. j. Cummings-Do not look for a
runaway bull market, but buy wheat
for profit on every break. 49,. i
Finley Barrell--Believe wheat about
at top on this reaction. Would sell. Car
rying charges will eventually eat the
Poehler-It will not do to jump at
conclusions and expect a big advance at
once, but it is clear that recent low
wheat prices We're pretty close to bed
rock.
W. H. Bartlett-The present advacee
in wheat I believe has about exhausted
itself I look for liberal receipts and
lower prices again.
Crosby to Whallon-Do not see much
to shake the bulls position in oats I'M
til the movement gets larger. Shows
estimate bearish, but the effect will be
temporary. - .
p P. Frazier-Now that September
and December oats are at about the
same price the country is showing more
disposition to ship in cash oats, and
there is every prospect Of an increased
movement.
Hawley interests were reported buy
ing Iowa Central preferred yesterday;
Gates adyices were all bulllsh' ana
they, look for a new 5 record pr1ce IN
Reading within thirty lT DAYS ST. ~ A7,is-
Chalmers Private advvices from Chi
cago were bullish on National Biscuit.
The bank statement was fully as ia
yorable as looked for. The decrease in
cash was the only disappointment, 7t put
not accounted for this week, it attract
Watson IS New York office says:
EsSomething authoritative is promised
lin regard to Delaware & Hudson for
next Monday. Extravagant prices are
talked Of for this stock immediately;
Experts who have examined, its coal
properties say that they alone are
worth it's entire capital stock
Piner from New York: SNeXt week
will see higher and broader market.
F Confidence in the financial situation IS
being restored. The corn crop is prae-
tieally safe. Business unparalleled:
Best people advise the purchase of
stocks.' -,
.Whallon from c. W. Hamill: eve
are maintaining a bullish position. but
advising the taking Of profits, Admit,
ting that this is not the soundest KIND
ment to be the safest-in other words,
we believe in keeping your decks clean
in case anything should happen adverse
to the market. I have reason to believe
,Smelters between now and January OF
the 1st of March at the latest WILL sell
materially higher and doubt if any OF
the inside stock comes on the market
even with 10-point advance from this
G. +. Lewis. from New York: "The
big rise in Reading with enormous
sales has overshadeW other 1eaVures
of the market, leaving recent favor
ties very much in the shade. The Read
Ing movement is probably based or
something more important than mere
speculative pool operations, as some
claim, and: it seems probable the stocE
will 60 still higher, but the Hartman
issues are not at a standstill by, an,
means. and the United States Steel
Coppers and st. Paul are good to buy
too
: Logan & Bryan to McKinnon
UDon't for a moment lose sight OF thu
fact that we are in for a big cope
market in Boston and the, dividend
paving stocks are apparently safe a
present prices, We advise especial!
Those stocks with New York interests
Jas they will be the leaders in the m9y rye
ment. Copper Range, Osceola ana MO
hawk will not be far behind. Tnere
plenty of money at present to, fnanc
ket next week.
New York to Watson-The time t
sell stocks for an important decline WI
be when larger interests have made
market broad and active and h1g
enough to absorb such part Of the1
holdings, bought for speculative. pu11
poses as they care to dispose Of.
would not be possible under preser
monetary complications to. start such
move now. In the meantime irregular
ity will continue, with opportunities o.
casionally presented to purchase sta1
dard stocks to advantage. The pol1tlc:
conventions to be held. on the Pot
inst, will attract attention and Will
used, no doubt, as sentimental 1nt1
ences on the market. The buying {
certain stocks during this period OF i
.7 activity has been Of the best, Readln
Atchison and Pennsylvania being CO.
I'd spicuous in this respect. The inform
ytion on all these properties altho IN
way official, is Of most favorable bea
81 ing. It is said Reading dividends WI
be raised to at least per cent bas1
and besides, the stockholders are to
aa given stock in an ore land company
Szbe organized to take over its enormo7
assets other than the railroad propert
slPeople close to the inside confident
assert Amalgamated dividend is to
raised to s per cent, which the stot
will discount in the meantime by an
,yoroa Of some 25 nOints .. -. ,