The Minneapolis journal., 1906-07-22
ROUND The TICKER
AND IN THE PIT
Gossip of the Trading Floor and
About the Brokers'
Office.

j. s. Bache, New York, to Piper:
Baltimore & Ohio is selling lower than
when it went on 6 per cent basis. Cam
not see why it should not be a purchase
considering the fact that the earning
power is double the amount of the div
idend paid.
Whallon, from New York: "The
floor is full of tips on Southern Pacific.
1t is said that Hartman interests are
really behind the move. Some of those
who advised the purchase of the stick
lower down are still confident of inn
provement in it. -
Whallon, from New York: "The
ing placed in the argument that should
this this country 9a sell "a, large amount Of
possible, there will be substantial ad.
vance in values. We doubt it, unless
some one of our large competitors like
Russia OF Argentine drop out of the
export business. Large exports as
rule do not mean high prices. This is
when this country shipped S16.Oo0,Ooo
bushels, and 234,0oO,O0O bushels respect
lively. The average export price in
1900 was 71.Sc and in 1901 was. 1880.
Russia in 1900 only shipped 56,000,000
bushels and in 1901 76,000,000. Argen-
tine in 1900 shipped 74,O00,O0O bushels,
and in 1901 only 33,o0o,O0o bushels"
Cummings says: "Regardless of the
size of the American crop if it should
come thru perfect, we would still be-
ieve that prices are bound to work
higher on account of the foreign situ-
alton and the greater consumptive de-
mand. Receipts at Kansas City and
ST. Louis are running less than year
ago, while Chicago is receiving very
heavy receipts due to a reduction in
| freight rates to that point. We look for
a material falling off in receipts within
a couple of weeks as farmers will have
sold enough to supply their Immediate
money requirements.
F. P. Frazier, Chicago, to C. E. Lew
is: "The popular estimate of the wheat
crop in Kansas few weeks ago was
about 65,000,000 bushels. Now the pop
ular opinion is that it is 10000, 600 to
75,OO0,O0O. There is no doubt that we
. have raised great deal larger winter
wheat crop than the government has
indicated, and when they make their
final returns they will probably increase
the amount Of winter wheat 3O,000,00o
to 100000 bushels.'
Chicago to Piper: ssThe black rust
, scare seems to have subsidized. This be-
, ing the case, there is little or nothing
} on the bull side of wheat, and with
continued liberal receipts, the market
will be sale on all rallies"
l
formed the opinion that while the
northwest wheat crop promises to be
liberal, that the total yields will hardly
exceed that OF last year, notwlthstand
!, ing the increased acreage, and of thu
yield macaroni will make up verJ
, material percentage. Reports on mac
aroni continue very favorable.
Nye jerks had the following from
: : Fremont, Neb.; "Liberal purchases o;
corn at our country stations yester
day. Looks as tho the movement hal
actually started"
J. F. Whallon from Chicago: "Don I
believe there is a local bull that has
five bushels of wheat left. The Jones
report ran them all out
|. Elmer Stevenson of Redfeld, s. D.
: says: "Wheat crop In splendid condl
= ton and stories about black rust in thi:
! locality are absolutely untrue
h John Cudahy continues to sell lard
: He was very heavy seller yesterday
l. r. P. Robin, Winnipeg, to Patten
J, Minneapolis: 'The wheat crop in thu
! country is in excellent shape
t Milmine to j. c.. Verhoeff: " Their,
f from now on on all declines. That vii
). give us rallies occasionally"
J. A message from Nebraska to Whal
It lon says they have got the best shoV
for corn crop that they ever had, ever
BETTER than last year.
Following from Omaha Elevator com
4 pany, Omaha: present condition o
corn much in advance of same time las
d year. Growth no better, fbut field
d cleaner and plant much more uniform
:, Soil in better condition. ~
q Watson New York office says
:. ''There are a great many peopl
e waiting to buy bonds on the theor,
o that the big insurance companies vii
r have to sell, and they will consequently
IS 90 lower We are told that they vii
he disaDpoionted in this