davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30

Sheep-Receipts, 200; shipments small. The re-
ceipts of sheep and lambs this week show a de-
crease Of over 800 compared with last week and
an increase of 500 over the same week a year
ago, and little change compared with the cor
responding week two years ago. Thus far this
year the receipts are nearly 2,700 larger than the
same time last year, and for the month thus
far there is a gain OF over 500 compared with the
same period q year ago. There was more change
in prices of sheep and lambs this week than last.
but finally the net loss for the week was not
large. The market was weakest the early part
of the week. and by the middle of the week sales
represented a decline of at least 25c in prices Of
lambs and heavy sheep. The choice light sheep,
however. continue to sell at about steady prices,
probably on account of the scarcity. The latter
part OF the week there was more competition in
the market and a slight rally in prices, which
brought the average up to within about 15c OF
the close OF last week. At one time in the week
at the close of the week the best grades were
selling up to $3.50. Sheep sold as high as $3.50
during the week. but rarely above 1886, and at
the low time good to choice kinds were bringing
Su3.25. The change in prices was due largely
TO a lack OF competition from local butchers.
The quality generally, however, was not quite as
satisfactory as last week. and this. Of course.
made some difference in prices. At the close of
the week there was a better demand from all
buyers than there had been earlier in the week.
and, therefore, the market developed a healthier
condition. The receipts to-day were small, and
with all buyers in the field the trading was rea-
at about the best prices of the week. Lambs
sold as high as S.. 81, and only fair to good kinds
brought s465.25. Sales Of sheep ranged from So
to 81 2f OuOtatfous.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30
TRADE In
Quotations at st. Louis, Baltimore
Cincinnati and Elsewhere.

ST. LOUIS. Nov. 7s-wheat lower: No. 2 red.
cash; slev ; a n ss%@ SIC Des Sol : hs s1fe; iss Mss.
S Sscem lSwer; ,si No. M \ cash ssye sc' o srsek lover Mnss No'
white. ssassikc. Flour steady: red winter patents.
:. loat g; extra fancy and st straight s. sos.es;
ass; prime worth more. Corn meal steady at
$3.50. Bran dull; sacked, east track; 7!a7c.
WHISKY steady at I$l. Cotton ties. sios. 'Ras-
ging. t%ashc,. Hemp Irvine. Sc Pork steady
S.; boxed shorts. s1.siH; clear ribs S. Receipts
sFiOur, 1890 S5l'; wheat; S. go be- corn. &C., geo
brls: wheat. 5000 bu: corn. 1900 bu: oats.
KANSAS CITY. Nov. s.-whea.-pecsmssr.
$3.50. cosrn~p6essimbeS. ssss: Ma: ssAe: cash.
mixed. sase: RscsIPs:-Whess sS.@ 600 bu; corn.
no. 400 Blu; corn. $500 bu; oats. 5000 bu.
TOLEDO. Nov. NEUTRALITY-SUSPICIOUS.. sszc;
pss. Dsc.m sis; M ssSc; ss Nav. ser SSfa-s osssmsa.
vember, ssKc;. December. sNc: May. 4 Rye
pSs; : sse; Is N SS 3 j ssS, Glovs sss sssaI fsslu: sna
ssS7h; March; ss.s2h; prime alsike' SIS; prime
cINcINNATL Ncyi ss~FIoq gar st's slm. wxnea,
mixed. S1a4sc.. Oats arm; No. ? mixed. SO
:sk Is b RYE S S"lss; d Nc, .; !, s: Z ix LID Racs sss: sss.s 3
at ss.s. whisky dull at SIS. Sugar steady.
DULUTH, Mimi, Nov. zs.-whest-To arrive,
No. 1 hard. sotsc; No. 1 ~northerp. 7sc; No. 3
northern. 7s4e. on track. No. northern. sc;
eember. 7sc: May. soxc. oats-In store and to
arrive, 3sAc.
MINNEAPOLIS. Nov. Acknowledgements.
7sAc; May. sohc; on track No. aard. sc: No:
] northern, sici No. 2 northern. sxcs No. .
northern, 73h67t%c.
LIVERPOOL. Nov. S-wheat-Spot No. z red
Western winter steady at 6s % corn-spot
steady: American mixed. Is I'D
MILWAUKEE. Nov. H.-Bariey steadier; No.
2, $40: sample. 35Qeoc.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30

There is no more substantial indication of
of indianapolis than the splendid condition
of our banks and trust companies. The ma
tional banks of the city are on an equal
basis Of strength with the best national
banks OF the country, and. in fact, the con-
dition Of the local institutions is far SUI
perior to the condition of many national
banks in many cities. This is shown by
the constant gains the Indianapolis national
banks are making each year and by the
substantial reserves they all maintain. 1t is
upon the amount of reserve a bank carries
that its safety lies, largely. according to the
best financial judgment, and there are few
national banks that can make better re-
serve showings than those of the banks of
this city.
The last statement of the national banks
to the controller. Nov. II. shows the seven
indianapolis banks to have total resources
of over $41, 00G, Co.,, a gain Of more than So
100000 the past year. In deposits the banks
make'a total showing of sS3.ooo,oO and over.
Their total cash means item amounted on
Nov. IL TO more than SIG. 400, 600.
The indianapolis national banks are, in
deed. in a splendid condition.
xxx
By maintaining reserves of from 20 to so
per cent. the five trust companies of In
dianapolis, four of which are closely allied
with leading national banks, nave a foun-
dation of safety which the majority of
trust companies in all parts of the country
do not have. And the large reserves main
tanned by the local trust companies is made
more significant by the fact that there is
no law. national or state, which requires
them to keep a single dollar of reserve.
The last semi annual statement of the trust
companies, made Oct. 81, showed them all
to be I'm splendid condition, and with con-
siderably increased business over that
shown by the previous statement.
Money conditions promise to be much
easier after the first of the year. Six
months from now a good many think
money will be very plentiful at consider
ably reduced rates. Wall street is bare OF
stocks. some of the big commission houses
not carrying a tenth part of the stock in
evidence in their loans of a year ago. Time
! money is in little demand. provision having
been made over the 1st of January.-United
States Investor.
'Probably no class of institutions ir
America has been more helpful to the
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30

lie 800; shipments, 1000. The
receipts or hogs this week are 1900 smaller
. year ago and 5000 smaller than the CORE
spending week two years ago. Thus far this
year the receipts are 23. 900 larger than the
same time last year. and for the month thus Tar
the same period a year ago. For the week end
Ing yesterday the leading local packers bought a
total or ISS2s. against 36.026 the preceding week
and A.SOz the same week a year ago. During
the same period the shipments we're al75.
against s.5sl the preceding week and 7,025 the
corresponding week a year ago. There has been
. number or surprises I'm the hog market this
week The receipts at the beginning OF the
week were larger than expected. and. with
liberal supplies elsewhere and a determined
level. there was a decline Of s5c here In two
days This naturally had a tendency 10 restrict
the shipping. because shippers generally were
losing money, and the market Immediately be-
gan 10 recover The decline also put prices In a
position that shippers could not AFFORD 20 pay 81
In the country. and this. OF course. made N
more dif1cult 10 get supplies. Probably the
greatest surprise OF the week come on Tuesday
when hinsan a. Co, the principal buyer. refused
70 t2ke the customary number OF hogs. even at
the receipts unsold. On Wednesday the marset
began 10 strengthen. and, with a small sunniv
on Friday. an advance OF fOc for an ayeraee
was secured Buyers were free to pay the adj
ct the close OF the week and. as they exnressa3
n. would have an opportunity to sweeten -
They were disappointed. however. and Instead
OF executing their orders at lower prices they
were forced 70 pay higher. and at the extreme
close OF the week about l5c Of the early loss in
prices had been regained. leaving a net loss OF
ound zoe compared with the close OF last
week. The receipts to-day were only about half
90 large a. = week ago and a year ago. and. no
esuD& net more than half as large a. expected
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30
Mxy Declines Under Selling Pressure,
but December Holds Firm and
Makes a Small Advance.
CORN SUBJECT TO LIQUIDATION
Is A LOWER RANGE OF
PRICES IN ALL FUTURES.
Oats Decline, Following other Grains
Good Demand for Provisions
Makes for Higher Values.

CHICAGO, Nov. 2S.-The grain markets were
easier to-day, due to a tendency on the part OF
longs to l~iquidate, and May wheat closed a shade
lower. Corn was off sc and oats were down sc
to &c. Provisions ruled strong, closing from
7lzc to 12hc higher.
The wheat situation was rather mixed. De-
cember being strong. while the more distant flu
lures were barely steady. There was selling by
commission houses at the start on lower Liver
pool cables and more favorable Argentine crop
advices. and. while spring wheat receipts were
light compared with last year. the receipts of
winter wheat In the Southwest were again lib
eral and offset the smaller receipts in the North
west. May opened &c to &c lower, at sOqSoisc.
but with the advance in December the price be-
came slightly frmer. advancing to sohc. The
market held steady for a time on buying by st.
Louis houses and by the leading longs. Reports
of large cash sales at Duluth for shipment to
Buffalo helped to steady prices. Toward the lat
ter part OF the session there was liberal realizing
in May. and the early gain was lost. the close
being a shade lower at sosQS0Ac. December
ranged between soc and S0%c. closing at a gain
of Sc. at sOssc. Clearances of wheat and -four
were equal to 23l, 200 bu. Primary receipts were
1881. 100 bu, against LEO 100 bu a year ago. Min
neapolis. Duluth and Chicago reported receipts
OF So cars, against 80 cars last week and 1,OOl
cars a year ago.
Prospects OF increasing. receipts and an i'm
to considerable selling pressure, and prices tend
ed toward a lower level. The market was quiet
and steady early in the day, but weakened later.
with selling in December the feature. May sold
between 41hQ4l%c and eye, and closed sc low
err, at 4lsc. December closed hc to sc lower.
at Also. Receipts were s43 cars. 81 of contract
grade.
Oats were influenced largely by the action OF
other grains. and prices ruled lower on local
selling, After selling between s5hc and 35%G
Receipts were la cars.
Provisions were strong on a good demand from
local shorts and foreigners. An advance of sc
to 10c in the price Of hogs was an early bull fac
tor. Offerings were moderate, and the early ad-
vance was well maintained. January pork closed
10c to 10Ac higher, at SO. s5G10.s7k Lard was
loo higher at Sc. 32h, and ribs were up rye. al
$5.77h.
Estimated receipts for Monday: Wheat. 1ei
cars; corn, 225 cars; oats. 1S5 cars: hogs, As. 900.
Leading futures ranged as follows:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30
GOOD BANK NJ
Bank Figures Give the Market Con-
siderable Strength.
meyer & Kiser. Indianapolis.I

NEW YORK, Nov. 2s.-There was practically
no feature to the stock market to-day, so far as
the movements of specific stocks are concerned.
The trading was quiet and there was irregularity
noted throughout the session.
There was little ginger in the proceedings. and
the professional atmosphere enveloped the entire
market. The preliminary trading was dun, Pc
culiarly because OF the uncertainty concerning
the bank statement. There was an undertone
of strength noticeable in the railroad stocks. and
the industr.sis were generally steady. The SELL
ing of industrials seemed to have reached its
limit. and all possible bad news seemed TO have
been fully discounted.
Republic Iron and Steel was strong. and the
other stocks that have suffered were firm. The
Steel stocks were without feature. Alton, In the
suffered a reaction on a drive against il. which
forced the price down nearly IL points. Com
solidated Gas was strong and Sugar was a some
what aggressive security. On small selling Penn
sylyania eased of and seemed TO lack support.
The bank statement was considered good, and
Il was undoubtedly better than he'd been exc
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30
Indications of Largely Increased Colo
Imports from London.

IAlbert r. thompson & Co., Indianapolis.l
NEW YORK, Nov. 2S.-Transactions in the
stock market to-day were dominated by dullness.
There were speciality advances. including Sugar.
but the small attendance operated for a narrow
general market. which, however, had a good
undertone and points to higher prices next week.
There was good buying OF Union Pacific. Alb
sorption of Southern Pacific by prominent inter-
ests continues. Wabash debenture bonds and
Missouri Pacific will work higher. Bull tips are
in circulation on Green Bay q Western bonds,
which are likely to move up sharply in the next
few days.
Some realizing occurred on the publication of
the favorable bank statement. showing an in
crease in the reserve. The decrease in loans
was satisfactory, amounting to Sc, 800, 900. The
cash gain OF less than a million was on rising
averages, and the banks really hold more cash,
for they gained heavily during the latter part
of the week, and this full amount Is not shown.
Money is easier In Chicago and other Western
cities which are lending here. and there are ru-
mors of very large gold engagements amounting
TO several millions. Sterling continues near the
gold import point, and the larger arrivals in
England of gold from South Africa makes the
foreigners more ready to ship US the yellow
metal We require.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30
Local Financial Gossip;
Bankers and Brokers' Talk

business interests thar the trust COM
panies." says Bonds and Mortgages. a lead
ing Chicago financial publication. The
wide scope of their operations, the help-
fulness of their work and the possibilities
for aiding in a profitable use of capital
has made them favorites with the business
world. II is probable that the banks are.
apt to look upon the trust companies with
some degree of jealousy, feeling that be-
cause of the latter's often higher interest
rate on deposits they are taking from the
banks mony which would naturally go 10
the banking institutions. But the trust
company fills a place that the bank cannot.
1t serves a purpose that is appreciated by
the business men and the great corpora
TONS"
There is some question raised whether
the currency influx from the West may be
delayed by the desire of Western bankers
to protect themselves against money emer-
gencies.'' says Harden, the wall-street cor
respondent. but it is not likely that any
thing short of actual runs on banks would
prevent the usual remittance to New YORK
under the law allowing national banks TO
count deposits in central reserve cities as
a part of their own reserve. Hopes over
the railroad outlook are inclined TO turn
to the chance for retrenchment in expendl-
lures for betterments and even to reduce
operation by economies growing out of the
large permanent betterments effected dur
ing the late prosperous period.
xxa
Our country's foreign trade statement for
October is in many respects one of the
oldest ever published. The exports were
the second largest of any month in our his
tory-a fact due, as is now we'll known,
wholly to shipments of cotton. which were
also the second largest of any month on
record.
Another comparison is equally curious.
Our exports last month, $3.50. $40, O59, have
never been exceeded by England's export
trade. The high record in that country's
monthly export trade was in July, 1902, when
S160. 31S 200 merchandise was exported-al-
most exactly the same as our October rec
ord of 1903. Except for Americas exports
of October, 1908, and October, 1900, the Eng
lish record is the highest in modern COM
merce.
But last months import trade of this
country, though 1t has been nearly a dozen
times exceeded in other months than Octo-
Der, was with one expection the largest OF
our October records. That exception was
October, 1902, when merchandise imports
were s., 49,, 900 above last month. In spite
of this fact, the excess of last months ex-
ports over imports has been surpassed only
once in any month of the country's history,
That, too. was I'm the other famous cotton
export month of October, 1900, when the
excess of exports was $92, 75s, $40, against
last months SIS. 439, 054.-New York Post.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30

Cash quotations were as follows: Flour quiet
but steady; winter patents. saga. 90: straights.
80. 70q4l0; spring patents, AQ4.30; straighfs. Sc. 80
@3; IS; bakers, s2.6og3.30. Wheat-No. 2 spring.
size; No. 8, S1qS2hc; No. 2 red, S3QsI%c. Corn
No. 2. 41&c; No. 2 yellow. 43%c. Oats-No. 2.
S5%c; No: 8 white, 35iaq3sc. No. 2 rye. 52Ik a5sc.
Barley-Goodf feeding. 35Q36c fair to choice malt
western, sIlkc. Prime timothy seed, $3.50. Clover
grade, ST. Mess pork. per brl. 81. I2h
Qll25. Lard, per 100 lbs, Sc. 421z az. As. Short rib
sides Qoosel, s6.37hQ6.s2i Short clear sides
lboxed). $Sq6.12ls. Whisky-Basis Of high wines,
Receipts-Flour, Is. 500 brls; wheat. ass. 600 bu:
corn. 2ss, 500 bu; oats, 227, 700 bu; rye, 5000 blu:
barley, 400 bu. Shipments-Flour q, 500 brls:
wheat, lbs. 300 bu; corn, 21S, 100 bu: oats. ISs 500
bu; rye, $50 bu; barley, 80. 100 blu.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30

Inc r1nancler says: The most striking fea-
ture of the New York associated banks last
week. and that which chiefly attracted atten-
ton, was the important increase of 81. 2l3 $50 In
surplus reserve. This resulted from the gain of
y16s.5 800 In cash and the reduction of s., Isl, 400 in
deposits. through which the reserve REQUIRE
ments were diminished by 81, AS, $50, which sum.
added to the gain in cash. made the noted in.
crease Of 81. 213, $50 in surplus reserve to Sc los 2O0.
Calculated on the basis Of deposits, less those
OF $50. e0s. 700 of public funds. the surplus is
$l5 81, 625. There was a decrease OF 81. aga 600
item only s., ls7. 600 above the minimum OF the
year. Specie. legal tenders and deposits are
at the lowest of the year. The reduction in
loans last week was not unexpected, for there
was more or less contraction as the result of
stock-market liquidation and also because of q
percentages of reserve to deposits. The gain in
cash was smaller by 81 8el, 600 than that esti-
mated on the basis OF the traceable movements
OF money during the week This is probahIv
accounted Tor by the fact that the imports of
$3.50. 800 gold. shown in the estimates. We're not
made fully available because of necessary delay
in payments therefor by the ASSAY Office Hence
the statement was made on rising averages for
cash. In this connection 1t is oteworthy that
as has been shown during the fortnight fhe
West and South is at an end, and hereafter we
may look for a return movement in some vol
ume, especially from the former section. More
over, ABOUT S5,5VO.UO gold is already in transit
lfom LONDON 10 arrive this week. and 81. SOC. 900
more will be shipped hither on its arrival az
the British capital from South Africa. The
bank statement showed a good balance Iast
week, the sum or the decrease in loans less tba
gain In cash. being sl55. 300 below the reduction
In total deposits. The daily average OF bank
that of the previous week. indicating augmented
business"
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30
Wool.

LoNDON. Nov. 2s.-The offerings at the wool
auction sales to-day were 1924 bales. There
was a brisk demand for fine kinds at steady
prices. Low and inferior grades were slow.
Most of the cross-breds offered we're taken by
the home trade. France and Germany competed
for scoureds. A good supply Of fine conditioned
new caused spirited competition Wfthdrawafn
were frequent. Following are thu sales In de-
tail: New South Wales. 1000 bales; secured.
bales: secured. skd91s 1od; grassy, zG1od-
Victoria, 1.i40 bales; secured. 7hde1s Ga; greasy.
szdGls I'D. South Australia LOO bales:
greasy, 5dais I'D West Australia. 1900 bales:
greasy. 5isaeiEd. Tasmania, 200 bales: greasy.
Said; greasy. 4aGlld. Cape CT Good Hops
and Natal. 500 bales; secured. Is lttdals sds
greasy. 5A1sd-
grades coubing and clothing. t7G21zc: light
me, 15QITisc; heavy fine. l2ai4ize; tub washed.
20G31c.
NEW YORK. Nov. ss.-woo Arm: domestic
fleece. 2s432c.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30

May the Stronger Option-December
Prices Ease on.

IAlbert r. Thompson & Co., Indianapolis
CHICAGO. Nov. 2S.-There was a firm wheat
market here. with a NC advance, but the de-
ferred futures eased off before the close. The
market got its best help from the strength at
Duluth. That market reported large cash sales
to Buffalo and was relatively stronger than the
other markets. The Northwest cars were $50.
against 9s2 last year. But the primary total was
larger than last year. The cables showed no
strength and counted against this market. The
Argentine news was conflicting, some reports OF
rain, some reports OF just the contrary sort.
Worlds shipments will be $500, 900 blu. The
Northwest talked small purchases and predicted
small receipts.
The corn feature. to-day was liquidation OF
December and relative weakness OF that future.
II sold Ac to &c under May. The Eastern de-
mand keeps quiet. Receipts were 33 cars. The
corn has gone out OF here about as fast as 1t
has come in and stocks will change little. Gables
were about steady.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30

Wheat stocks have. decreased 2s.f7T su the past
week. The wheat stocks amounted yesterday to
s242S3 bu, against 352.5l0 bu last Saturday.
Corn stocks increased from $500 20 s.oo bu the
past week-13.3 800 bu.
The output Of -four by the Indianapolis mills
the past week was about a0s bris less than the
output the previous week The mills put out
this week 10. Az brls. The stock OF -four on
hand amounts TO 5.6S7 brls.
The following figures show the outp1t OF -four.
the receipts Of corn. wheat and oets for the
week and the stocks OF corn. wheat snd oats:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-30

A number of dealers yesterday predicted that
there would be 10000 hogs here to-day. The
market opened with buyers a little backward
and bidding no better. IL as good prices as yes
terday. Statesmen, however, were confident that
there were a good many orders in sight. and
they refused to make any concessions whatever,
but, on the contrary, were asking higher prices.
IL took some time to establish a basis for opera
tions. but rather early In the day packers and
shippers began buying and finally, with active
competition. the supply was changing hands
rapidly at strong to higher prices than yesterday.
Late trains did not materialize. Therefore, IL
was soon evident that there would not be
enough hogs to fill all orders, and the market
was strong. with sales showing &c above yester-
day. The extreme range in prices was from
$43) to Sf.55. and the bulk Of the supply sold at
"a s0G4 a5 Ouo.atIons.