davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26
Strength of United States Steel Pre-
ferred the Chief Factor I'm Over
coming the Early weakness.
DECLINE DURING EARLY HOURS
DUE CHIEFLY TO FACTORS WHICH
CAUSED TUESDAYS LOSSES.
Heavy Drive Against Steel Spring Pre-
Notwithstanding Exchange Slumps
to Gold Import Point.

NEW YORK. Nov. ga number Of Industrial
stocks suffered wide breaches In their valuations
again to-day in continuation OF the process
which was conspicuous in yesterdays deal
ings Some Of the weaker stocks then were
acutely affected to-day, while were
brought into the movement. There was little
in the way of specific news to account for the
declines. and those stocks concerning which there
were not the most acutely affected.
News of the shutting down OF mills to work
OF supplies hurt International Paper. F1uctua-
tions in Colorado Fuel seemed to represent vary
ing views of the provision made for capital
needs by a sale of coal and iron lands Of the
company. Regarding the Railroad Equipment
stocks IT. argued that much of the recent
enormous increase in Railroad Equipment was
owing to tho use of cars to make good made
quate terminal and storage facilities. that
there might be considered an oversupply of
cash on hand at present. The only news accom-
lany the break Of over . points In Railway
surprised those conversant with the companys
affairs. 1t may be taken for granted that a
tack on these securities. The quick rebound in
their prices was sufficient evidence of this in
itself. There is reason to doubt the current
reports of general sweeping out of collateral
in loans of industrial securities, especially of the
newer undgested class. Many Of these secur-
tiles have never had a wide market and others
nse lost as tnsy G nId during ss
look. There Is apparent also an intention to
adjust the basis of prices of the whole body OF
industrals to that of the stocks which have
already been scaled down.
A relative frmness growing into strength of
the United States Steel stocks, and of Anal
gamated Copper. were consonant with this view.
United States Steel was PROBABLY affected also
steel rails fer export. A sharp rally in the raw
copper market in London may have helped Anal
gamated and Anaconda The special movement
in Southern Railway was without explanation.
although the stock had been literally tipped of
fOr an a6 he AFT in he ma of
wiped out all the principal losses and estab-
lfshed some fair gains In the industrials.
Sterling exchange made another wide drop, in
spite Of the Quieter tone of the local money
market and rumors of large additional engage
ments OF gold for import were thus made plaus-
ible. although definite information could be
obtained Of such engagements.
The bond market became very dull and was
irregular. Total sales at value 81 ESQ 600.
United States refunGing twos and the old and
new fours declined u and the threes u per cent.
on the last call.
Following the days share sales ard the
recorded price changes:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26
Conditions Uith the Grain Brokers;
Present Market

All grain business will be suspended to-
day The next holiday for commission men
and brokers will be Christmas. Spectators
observe ali national holidays by quitting
business for the day.
Charles Shotwell has the following let
ter from Baltimore exporting company:
1.-The outlook for the movement of corn
continues unfavorabie There may be some
Improvement next month. II there Is any
corn at all coming this way this winter the
movement should begin soon.
xxx
A country grain buyer estimates that the
crop of merchantable corn in Indiana this
year will not be more than half as large
as last years merchantable crop. A New
York commission houses statistics snow
last years Indiana crop to have been
III, 900 900 bushels.
The Bassett Grain Company, which does
the largest exporting business out Of In
dIanapolis, has shipped only about one
third of the amount of new corn to the sea-
board thus far this fall. in comparison with
last years shipments up to the middle of
November. This statement of Mr.. Bassetts
shows plainly the condition of the new corn
shipping business. His company has sent
east about $4,000 bushels of new corn this
fall. against fully 100000 bushels last year.
Most of the shipments east have been of
the yellow corn, the local mills using al
most all of the white shipped here. Mr..
Bassett says he can see no indication of
the corn movement to this point becoming
much heavier for some time.
''I think the prices for old and new corn
will be together by the middle Of Deem
ber," said J. w. Riley. 1.-The mills here
which use much corn have pretty large
stocks on hand. I think. and they are in
dependent in their attitude toward corn
holders. 1 should think there would be
pretty good movement of new corn with
in the next three weeks perhaps, IL the
cold weather continues. This is just the
kind of weather We need to put the new
crop in marketable condition"
THE public seems>to be letting the wheat
market severely alone" Noyes, the Chi
cago pit trader. wires Albert r. Thompson
& Co.'s Board of Trade office. ANY at
tempt by the big interests to take profits
would likely find the market bare OF ade-
quate support. There appears to be no
good In buying corn now. Tho demand
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26

Local cash prices for wheat advanced
another lsc yesterday. The general cash
wheat market shows increased strength and is
keeping UP we'll with the outside situation. No.
2 red was quoted at Sc on the Board yesterday,
against s4hc Tuesday November is also NC
higher, at s5c Some OF the local millers paid
S51sc for small lots of No. red yesterday. The
advanced prices not bringing out much
wheat. however. and shipments continue light
One car inspected here yesterday.
Prices for new corn are also starting UP. the
previous days quotations on the board. Twenty
cars OF corn were inspected yesterday. COM
tinue steady Following is the range on wheat,
corn and oats:
Wheat stronger; No. 2 red. Sc on track; s5c on
Old corn steady; No white. 44c: No. white.
No. white mixed. 1s&c; No. white mixed. &c;
No; yellow. 4azc; No 3 yellow. sac: No. 4
s No ssc mixed M4 sd .' ear 4s &c Ss
white. ssse; No white mixed. nis e NO NO )
No. yellow NC; No yellow yellow n 1c: NO ,ci
yellow, ss'tc: No mixed. A1te: No. mixed.
Oats steady. No. white, 36izc No. whits
36c; No. mixed, 35lzc; No. mixed Csc
Hay steady; No. / timothy. sll.25; No. 2 tim
Inspections-wheat: Rejected, 1 car Corn: No.
white. cars; No. white. 4; No. yellow l.;
No. yellow. 3; No. : mixed. s.; no established
car; No mixed, /; total, cars. Hay: No /
timothy. car; No. clover. /: total. cars
WAGON MARKET.
Receipts of corn and hay were liberal yester-
day with prices unchanged.
Corn-Per blu. s4qssc: new. 4e95oc.
Oats-Per bu. 3Sa40c
Hay-Timothy. sliGl2; clover. Sas: mixed.
sheaf oats-Per ton ssa1o.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26
SURETY BONDS
for An Positions Of Trust.
Guaranteed Draft Checks
for the Traveller.
GEO. w. Pan GBORN
1ll-zl6 Lemcke Building.
THE LIVE STOCK MARKETS
CATTLE DULL AND LIFELESS, cows
ALONE SHOWING ACTIVITY.
Hegs Unusually Active and . Shade
Higher-sheep Fairly Active-COn-
dttton Of Other Markets.

UNION sToCKYARDs. INDIANAPOLIS. Nov.
B.-casts-Rscsipts. 800; shipments. 200. Al
though receipts Of cattle for the week thus far
are larger the supply to-day considerably
smaller han the average on Wednesday. There
was very little or no Improvement in quality,
and although a very fair proportion OF consign-
nents fat enough. there are not many good
enough In every particular to sell around top
brices In their class. The market opened to-day
with the usual slow and indifferent demand that
has characterised the trade for several days. and
In most departments a weaker feeling predomi-
mated. Salssmen were trying to get steady
prices. and this. too. aided In making a slow
market With really urgent orders for any
are Indifferent and the situation anything
bat satisfactory to the selling side. The steer
market especially very dull. and there was
limited outlet for all kinds at any price There
was indeed very little demand for steers that
ealesmen were asking s4.25 for, and while
buyers have complained of the scarcity of choice
stock their actions do not indicate that they
would be very ready purchasers even Of that
slass. There II not liberal demand for feed
ing steers. but the best selections continue to
pell at about steady prices. In the female butch
Dr. eettlt department the good cows and. In fact.
al kinds Of cows selling promptly enough
at steady prices. but the heifer market is drag
ginx AMI sales generally below expectations.
The bull market was again reported steady to-
aay and there a decline OF 25c in the prices
pf calves compared with yesterday. Quotations:
Good to choice steers. l.s5o lbs and up
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26
Local Financial Gossip;
Bankers and Brokers' Talk

railroad list looks well and IL holds satisfac-
torily under present conditions and gives
every promise of net material improve
ment whenever outside conditions may per-
NIT it The uncertain element Is when out
side conditions will improve
The outlook for next week favors i'm
provement. In the meantime irregularity
and bearish attacks may characterize
movement in prices. Improvement of a
gradual character is taking place in none
tary affairs, where there is temporary but
not inherent weakness. The interior Is
lending money here. We believe funda-
mentals are slowly working for enhance
ment of values in the stock market.-Wall-
street wire to Albert r. Thompson & Co.
1.-The statement of the president OF the
Republic Iron and Steel Company that the
company is not planning to make a large
bond issue to get money with which to
remodel some of its plants should tend to
strengthen this Stock" said a local broker
yesterday 1.-The president says there is
absolutely no probability Of bond issue
at this time"
1.-The general financial condition of the
country is good, absolutely" yesterday
said the president of one of the national
banks. 1.-The country has passed. all danger
of a panic or serious monetary troubles.
The importation of gold will prevent perma-
nent high rates for money in New York "
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26
at NEW YORK.
Grains Turn Easy with the West
Good Demand for Conee.

NEW YORK. Nov. 25.--Flour-Receipts. D.s,r
brls; exports. 1883 bris. The market was quiet
but steady.
wheat-Receipts. 1ss. $40 bu; exports. 81. SCI ba.
Spot steady: No. red. s7%c elevator, ssh T. O. b.
afioat: No. northern Duluth. se&c {. o. d,
anoat. Options opened firm and a shade higher
on better cables. small Northwestern receipts,
local covering. higher Northwestern narket5
and good support at Chicago; turned quiet and
easier under realizing and closed kGSc me-
lower; May, So s-lsass ISIS. closed at sssscs
July, 7sA.gsoEc. closed at 7s%c; December. STA
QSf5kc closed ct s7ssc
sD SSrn easy No &c ei S sexc O.
anoat No 2 yellow. SIC: No. white, 4S&c
which aS ey under bear
and closed hQ<c net lower; May, G11Uf1&c,
closed at 47xc December. lsAQis%c. closed At
osts-Receipts. 22o,7Oo bu; exports. 4sio bu.
8. 40c: No. white. 43kc; No. white. &c: track
Cut Tut meats easy: picked bellies. SOFAS. Lard
continental, $40; South American. IS: COM
pound. se.s7sQs.s25s Pork quiet: mess. $is. 10
cOres-Rio steady; No; Z invoice. SIC; MIA
steady; Cordova 7lsgl2Ac The market for fu-
advance OF points. following smaller primary
receipts bullIsh crop news and steady European
markets. Following the call trading the market
was more active than recently; owing chiefly %
out TO the amount OF some 900 bags and led
to considerable switching from December 20 the
late positions. The recognized bull houses. how
ever. TOOK up all the contracts thrown over
and thus sustained the near months. while ths
demand for the late positions attending the
switching operation naturally impaired q nrmer
tone to the late months The market closed
steady at unchanged prices TO an advance OF j.
points. Sales were l0l. $50 bags. including: De-
cember 5sOas. SIC; January, e.s59s zoe: March,
5.S5d5 .s5c May, 6.05q6l5c; July, 6.3596.30; Sep
TENDER 635as4oc; October. 6.4o0t 4sc-
Sugar-Raw quiet: fair refining. sac: csntrifu-
gal ss test sac; molasses sugar. &c Refined
quiet; crushed 5.05c; powdered, 455c; granu,
lated, 45c.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26
s s. &c Sc h......::... &c &c e

Hogs-Receipts. $500; shipments. 5000. There
was almost as much difference between the hog
market to-day and yesterday as there Is between
Gay ana night Shippers evidently well
ssuppIed with orders and they were very much
IN evidence from the tap OF the bell. Packers
were not inclined to be over industrious. but
they made very good tail of the kite that
Shippers were flying: and altogether the compe-
ution was strong enough to create an unusually
active market. At the start statesmen seemed
20 De satisfied with getting stronger prices COM
taIeu with those prevailing yesterday morning,
put after the first round the competition justi-
ned stronger values. and they asked and
received promptly Subsequent sales were in
many cases SC higher. and therefore the average
Tor the day was better than yesterday At the
extreme close yesterday, or rather late in the
s1ternoon. shippers bought quite number OF
noss at prices ranging from A.15 to $3.50. and
the same kinds could probably have been sold
on the close to-day ar an advance OF 10c With
the nogs carried over from yesterday there were
ABOUT 10000 on sale to-day, and practically all
mad changed hands before 10 o'clock. There
were comparatively few late arrivals to-day
IN fact. not enough to affect the market In any
way and with all buyers in the field they were
taken at strong prices. Therefore good clear
ance was made, and the market closed strong
with the last sales showing sc gain over yes
terday's best prices. The extreme range in sal
Today was from 81 for inferior light hogs to
64o Tor selected heavy. and the bulk OF the
supply sold at A.25d435. although there were
a number OF GALES above and below these figures
Quotations:
GOOD to choice medium TO heavy. 81 30d4 As
liked ana neavy packing. 10f14. 35
Sood 10 choice light weights. ........... 256I4 IS
Sonmon 10 fair light weights. 4O0674. 20
INFERIOR to best ACKNOWLEDGEMENTS. 3506p4 10
RoughS and roz;s 40
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26
LITTLE Life in GRAIN
ANTE-HOLIDAY DULLNEss MAKES
CEREAL TRADING QUIET.
Wheat Maintains n Fair Degree Of
Firmness, and the May Option
Closes at q Small Advance.
CORN Is A FRACTION HIGHER
OATS ARE EASY, WITH LAST PRICES
NET UNCHANGED.
December Weaker than May-Sellfng
of Lard and Ribs Makes Lower
Prices for Hog Products.
CORN Is A FRACTION HIGHER
OATS ARE EASY, WITH LAST PRICES
NET UNCHANGED.

CHICAGO, Nov. ga preholiday dullness per-
vaded the grain and provision pits to-day, and
wheat ruled easier on profit taking, May closing
k6Ac lower. Corn closed kqhc higher and
oats were unchanged January provisions were
from 1oc to 221zc lower
Trading in the wheat pit Of an evening
up character. in preparation for the holiday to-
morrow, and. while there was a general COM
mission trade. there was considerable adjustment
among local traders. The only bull news Of i'm
portance was the report that there had been
general rains in Argentina and that Northwest
ern receipts lighter than year ago. but
this was SUFFICIENT to cause little firmer feeling
early in the day, after a steady opening. May
was unchanged to &c lower at the start. open
ing at 7skQ7sssc. and. after selling up to 1850,
the market became easier on realizing by local
traders. Sentiment In the pit was rather bear
ism the latter half of the session. the influence
being the larger primary receipts and the easier
tone in outside markets There was some sell
ing by yesterdays buyers and demand was scat
tered. May declined TO 7sc ana closed bGAc
lower. 7ss@7skc December closed Sc lower.
at 791kc Clearances of wheat and flour We're
equal to $500 bu Primary receipts were
]. 4ss 400 blu. against 1.175.4oo bu year ago.
Minneapolis, Duluth and Chicago reported re-
ceipts OF 1876 cars against 63S last week and $50
a year ago.
Corn was strong for a few minutes at the
start but there too much for sale. and
prices soon yielded, December being the weaker
Covering by shorts caused the opening firmness,
but selling by provision interests and the con-
tinued weakness in low-grade cash corn re.
suited i'm a slump in prices for December. and
May eased off in sympathy. May ranged be-
tween 4llsc and 421sc, closing hQAc higher, at
4lssfI4xc. December closed 1aQssc lower at
4&a41Nc. Receipts were 2O4 cars. ten of con-
A slow, dragging market. with prices most Of
the time under last night s close was the order
OF the day In oats. Little done but evening
up the holiday and scalping by the pit crowd
The market was Influenced largely by the action
Of other grains May sold between 35Ac and
35%c, closing unchanged at S5lec. December
closed shade lower, at 34AQ34%c- Receipts
were SO cars.
Liberal selling of January lard and ribs by
brokers supposed to be for the account OF local
packers, caused weakness in provisions. There
was little support and prices were lower for all
products. January pork closed 22lsc lower, at
s11. lard off 10c. at s6-27h. and ribs were
down 12nc. at So 70.
Estimated receipts for tomorrow: Wheat, S.
cars; corn 225 cars; oats, LBS cars; hogs. % 900
han
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26
TRADE in GENERAL.
Quotations at 81. Louis, baltimore,
Cincinnati and Elsewhere.

ST LOUIS, Nov 25.-Flour dull; red winter
patents so ssT re fancy and strsish
a. :: s. prime w SS sscSa Corn meal
May siSgslSs: No hard .ss7ss Corn lower
Nav Ma sac osis higher No csss s9e t s
sss ps ssR ss.s ss: nay e No . whiis
:sssH. Bacon lower: boxed extra shorts. T.s7sz;
s %s I. :sla Cotton sse'5 : s' ss.r %s's
sTIs wheat VI ossSS 6g corn q GO su c..:
5000 bu; corn. 10000 bu: oats. 5000 bu.
KANSAS CITY. Nov. @.-wheat-Deccmbsr,
Sc So Ns ssassse No. ca red asin earn
77GSoc. Corn-December, Ss5sc; May. 36ssc: cash.
SS o %sq soc Mite NS s ssassc Mo
sal4gsSc. Receipts-whsat. ls2.eo b.; corn, Y
bu: corn. $500 bu; oats 1900 bu-
LOUISVILLE. Nov. 25.-wheat-No. ? RED ana
longberry sec; No red and Iongbeny. SEC
ana sa.'' new beans s. IS per bu. Hay-cSoice' Ia
car lots, on track. slla1f5o: clover. sllali. 50.
Onions. a7sa2 per brI Cabbage. 81 per crate.
Peppers. 50 per crate.
PHILADELPHIA. Nov. 2s.-Butter firm and In
ear-by prints. Csc Eggs firm and in good de-
gss1 nearly loss sau;b Mss'eIa @
Cheese steady and In TAR demand New fers
to good. Ios.giiAc
CINCINNATI. Nov. 2s.-F1our steady wheat
firm: No. red. SqSizc. Corn steady; No
mixed. s5.sG.ss oats steady sG No 2 mixed. sss4
Sc 20 Bulk meats quiet at s7.e2h Bacon steady
at S. rs. Whisky dull at 81 IS Sugar easy.
DULUTH, Nov. 2S.-Wheat-To arrive. No. 1
hard 79lkc: No. / northern. Use: No. 2 northern
7si<c: on track No. I northern, sotc: No
northern. 7siSc: No. spring. 75sc: December,
I7ssc: May. &c. oats-on track and to arrive.
S3isc
TOLEDO. Nov. acknowledgements, ssSot
May. sshc: cash. @lsc. Clover sesd--cssl,
Sc 72ik: ecenber. sc. 72ls January. ss77is: Febru.
airy, ssS211: March. ss.s7As prime timothy.
81 s7ik: prime alsike. S.. 30.
CHICAGO. Nov. 25.-On the Produce Exchange
to-day the butter market nrm: crcamers.
ISQ2lc; dairy, l4Gi9c. Eggs steady at 2fH3sc AZ
the mark. cases Included Cheese steady az .
U1oixc.
MINNEAPOLIS Nov. B.-wheat-December
7S&c: May. soc: track. No hard. size No.
I northern. soszc. No. northern Isle: No.
northern, 73Us5c.
KANSAS CITY. Nov. S.-Eggs steady; Mis-
souri, and Kansas stock. 2f1zc. returned.
new No. whtewood cases included. sc
LIVERPOOL. Nov. 25.-wheat-S2ct steady;
No. red Western winter. es lid corn-spot
quiet: American MIXED. b Sid
BALTIMORE. Nov. 8-Wheat--Sovembsi
CONTINUED ON PAGE II. COL 60
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26

keeps small and receipts are certain to
increase"
Advices from Chicago to the local COM
mission houses indicate that the Armour
house is accommodating long line of May
wheat. and that Armour is doing more
In the May now than the December. This
interest evidently has faith in the strength
Of the market. And the bull movement in
Chicago Is having support from the out
side In abundance.
Contract wheat stocks in Chicago are in
creasing. The stocks here amount to 1885,
600 bushels, increase of $4,000 bushels
since last week. The Chicago contract
last weeks stocks. This information isn't
exactly In line with the great lot of bullish
wheat gossip from Chicago.
An official Argentina crop report says the
wheat acreage is Is per cent larger than
last year and that present prospects are
magnificent This information is Is per
cent less bearish than another recent crop
report, for that one showed the acreage
In Argentina to be 80 per cent. larger than
last year.
On the wheat situation a London letter
says: "In times of depression like the
PASoSht ehc tcuocuCy Is always 10 take a
gloomy view of future prospects, but we
have felt for some time that If there were
TO be any improvement in prices America
would have to show the lead, and as IL is
now evident that America is not independ-
ent OF European demand 1t looks to us
as II prices would have to come down
further before an export level can be
reached"
Albert r.. Thompson e. Co. have the fol-
lowing on the corn situation from New
York: "Urder existing conditions of for
eign sentiment, ii is impossible to foresee
any aid to prices from abroad. Foreign
buyers are profoundly distrustful, both of
price and conditions Of new corn. AS to
price, they are Influenced by the govern
ment estimate of 1900 10000 blu on top of
a bumper crop. and are holding back for
S5c IN Chicago. Exporters must make for
ward sales at initial loss of 1c to &c per blu
or stand out. Argentine arrivals and cheap
Russian barely make Europe pretty inde-
pendent this year. AS TO condition, last
years experience with American corn, ac-
centuated by large losses recently on Ar
gentina. make European importers very
chary OF buying even on rye terms unless
convinced Of fair quality"
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-26

Operations in stocks were small yesterday
on account of to-day being a holiday in
the financial world and there being no ses-
sion of the New York Stock Exchange. 1t
Is the general opinion here that the market
will open tomorrow around yesterday
close, and that trading viii be light again.
News developments were meager to-
day." says a Wall-street wire to Meyer &
Kiser. 1T is intimated that interesting
Developments in Republic Iron and Steel are
pending. Professionals are hammering the
market, but nervous people should scan
the railroad list for inspiration"
There is a considerable feeling of un-
certainty among local brokers as to to-
morrow's bank statement, and what effect
1T will have on stocks. The market is pretty
sensitive just now and 1t Is expected trad
ing will be light Tomorrow lest the bank
statement should be unfavorable.
REORGANIZATION of stock is the cause
of the closing down of the international
Paper Companys plant at Glens Falls,
N. Y, according to advices to local COM
mission houses.
OF the general bond market New York
News wire says: The bond market con-
tinues as good as could be expected under
present monetary conditions. The industrial
situation Is still an active menace. The