davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13
BROKERS VIEWS ON THE
WHEAT AND CORN MARKET
December Wheat Very Weak on Big
Deliveries-MarketC Closed 3-Sc to
3.4c LOwcr-COrn Lower.

IA. r. Thompson e. Co.. Indianapolis.1
CHICAGO. Dec. 12.-There has been weak
wheat market to-day. especially in December,
which. at one time, was almost &c under May.
This probably the big deliveries Friday.
The market closed %aac lower. with the De-
cember off the most. There was Armour sup
port for the December the break. and there
was a good deal Of covering and some support
for the whole list. The close hGXc better
than the low point. Argentine reported heavy
rains and danger for the crop. The Northwest
news was about as it has been in regard to
small country offerings The Northwest cars
were $50. against SOB last year. Primaries were
9o5. 600 blu, against $4,000 blu. Cables were in
different. Clearances We're $4,000 bu There
was short covering by Phillips, who was seller
Friday deliveries and the December weakness.
exceedingly bullish.
The corn market has been some lower. The
eeber was and M
under the May, to Ike at one time. There has
not been much to the speculative market but
ceedingly weak. The December future has re-
sponded to this The futures lost HqAc. Some
lower. Receipts were 1893 cars; estimates, 295;
clearances $4,000 bu. Cables were about steady.
GPorterfeld Co.. IndianapolisI
CHICAGO. Dec. 12.-Reported bad weather IN
the Argentine and Northwest, increased demand
and reported small farmer holdings were the
bull features in wheat to-day. On the other
hand, snow throughout the belt and liberal re-
ceipts were bearish features. The big deliveries
in the December were also against prices at one
time. and 1t got 2lzc below May. But for
Armour's support the December would have sold
lower. May opened strong. but soon gave way
to the influences above mentioned. After break
ing to s0%c there was some end-of- the week
covering that carried it up &c. But later il
again weakened and closed soft. The situation
is still puzzling, but we are inclined to follow
the bear side. The weakness in the December
option felt in the futures, which also sold
of little. Receipts were only 1879 cars against
estimates of ESQ Cables about steady Think
will sell of little Monday.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13
TRADE IN GENERAL.
Quotations at st. Louis, Baltimore,
Cincinnati and Elsewhere.

ST. LOUIS. Dec. 12.-Flour steady: red winter
patents s4.25G435; extra fancy and straight,
s39OQi2O: clear. sSiOQ36O. Timothy seed nOmi-
nal at s.. 2042.s5: prime higher Corn meal
steady at s2.so Bran firm; sacked. east track.
TIC Wheat lower; No. red. cash, 90d9lc;
track. solsc; December. size; May. 76G7eisc;
No . hard 75a7Slzc. Corn steady; No. 2. cash.
4Sq43i4c; track 411sc May. Axe oats firm;
No 9. cash. 37d3Sc; track. &c., December 37lsc:
Il 50: prairie 50 56as so Whisky steady at silE
Iron cotton ties steady at sl.05. Bagging steady
at 5&aslsc; Hemp twine &c. Pork higher:
Bacon firm: boxed extra shorts. rs; clear ribs.
$3.50; short clear. s775. Receipts-Flour. 1000
brls wheat. 35. 900 bu; corn. % 600 bu: cats.
$1,000 bu. shipments-Flour. Loco brls: wheat.
Al, 600 bu: corn. 30. 900 bu: oats. $1,000 bu.
KANSAS CITY. Dec. l2.-wheat-Decemher
sSxc; May 69Ac; cash. No. hard. 70jk072;5c:
No. g. 67d7oc; No. L. 6oa6sc; rejected 5sasic:
No. red. ssc; No. B. 5saslc. Corn-December.
377sc: May, 37hc; cash. No. mixed. new. 37lsc;
old, Ssisc: No. 2 white ssisc; No. 3. ssc. Oats
No. white. ssg3Sc: No 2 mixed. 34a35c Re-
ceipts-wheat. u.s. 400 bu: corn. L. 500 bu; oats.
IL. 900 bu. Shipments-Wheat. 1920 bu corn,
6.f00 bu: oats, 900 bu.
CINCINNATI. Dec, i2.-Flour quiet Wheat
steady: No red. Ss99oc. Corn caster: No
mixed. 4sc Oats firm; No. 2 mixed. ssqssisc.
Rye quiet; No. 2. COO. Lard steady at S. Is.
Bulk meats quiet at ss.75. Bacon stea1y at S.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13
AT NEW YORK.
Wheat Closes Down, hut Fairly steady
General List Quiet.

NEW YORK, Dec MISUNDERSTANDING. 1851
brls; exports, 19. 121 brls. Market neglected but
steady; winter patents, Aa435; winter straights'
s4d4. 10; Minnesota patents. A55q4.75; winter ex-
tras s3as. 50; Minnesota bakers, ss.7od3s5; win
ter low grades. s2.6odS1s. Rye -four firm; fair
to good, s. 25934O; choice to fancy S.459355
Buckwheat flour steady at s23oa2.35. Corn meal
dull; yellow Western, s1.02; city. 81; kiln-dried.
$3G3.05.
Rye quiet: No. Western, 63%c T. o. D. anoat;
State and Jersey. 5S@5Sc. Barley steady; malt
Ing $4,000 C. /. f. Buffalo.
wheat-Receipts, i4.625 blu; exports, ss,4s2 bu'
Spot easy: No red. SSssc elevator. sO4&c l. o. o.
afoat; No. 1 northern Duluth. s2%c (. o. b. ahoat
Options lost some OF their bullishness this morn
Ing under sales for long account. Influenced by
poor cables, good weather news and liberal re-
CENTS Later in the session wheat rallied on
war talk and closed steady. at hc to zc net
decline May, s4%4S5 7-16c. closed at sS4c: July
s1h@S2c. closed at a&c; December. ss4gsOc'
CornNReceipts. $3.50 bu exports, 1855 bu.
s sRo sSs% o y NH SEC Se White S2o
lions opened firmer on the rain and snow through
St the oss e su aad nef
closed at 49Ac, December at &c.
oatRec Nd ,, su sapS white S So
s. 4Oc; No. white. 421Ac; No. white 4l1sc; track
VIA" Hay steady: shipping. so075c; good to choice.
Hops firm; State common TO cholce, l5O3, s4Y
s2c iso2 21q251sc: old, lsQ2lc; Pacific coast lsoZ
Hides firm; Galveston, 20 to 25 lbs. 1sc; Cali
fornia. p to Is lbs 1sc Leather firm; acid' ZSV
Beef firm: family s10@l1: mess. $Sqs; beef
hams $40 50q27; packet S9g10; city extra India
mess sl5d17. Cut meats quiet; picked bellies
S. s7la; picked shoulders Sc; picked hams
slOdl1 Lard steady; Western steamed, $3.50
Refined dull; continental. $40; South American
81 so: compound $6.26Q65o. Pork steady; family,
SIS 25a15 50: short clear sl3G15.5O; mess. s1275Q
Tallow firm: city G2 for package). 4xc; coun,
nrm: prime yellow. 3543S11c.
Rice quiet; domestic. fair to extra 3&Q5Ac.
Molasses firm; New Orleans open Kettle good to
Coffee~Spot Rio nominal; No. invoice. 15-1sc.
| Mild firm; Cordova, 7%Q12kc. The market for
| points following the break in the European mar.
kets, which attributed to proht-taking ana
some selling in anticipation OF reduction IL
was also noted that primary receipts were run
| ming rather ahead of estimates, and, while the
| primary markets were generally frm there was
| however, the market attracted covering and fair
support from bullsh interests, so that part or
| the loss recovered the market closing STEADY
at net loss of TO Is points. Sales were 49,
| bags including: December, 6soa6.35c January.
July' f'I5a7 zoe; September, 7.3Og74oc; October,
| 1891 45c; November. 7.4097. SIC.
Sugar-Raw nominal fair refining, 3isc; CEN
trfgugaI, SO test 3%c; molasses sugar. 27sc. Re-
| fined dull; No 9. 4.05c: No. Z. &c; No. 8, Ssc;
No. 3.soc: No 10. $,s5c; No; H. $500; No; y.
a. 4sOc; mold a, i7oc; cut loaf. 5.O5c; crushed.
5.O5c; powdered. 4.55c; graduated. 445c; cubes.
4 4.7Oc.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13
sTEER-TYING IN ARIZONA.
An Occasion Where the Cowboy Dis
inguishes Himself.
Leslie's Weekly.

To those who have seen the Western
cowboy only In the saw-dust ring of a
Wild west show, the gatherings of the
rough-riding steer-tiers of Arizona and New
horse In his native sunshine and dust, hot
foot after a mountain steer, the sure
enough cowboy creates a sensation. He
strikes one as being very real, intensely
natural. and the shrill yells from the
crowded grandstand indicate that he is APP
preciated-at home. There is not such an
exhibit OF chaps and taps" gold braid
and silver mountings as you can see in
Madison-square Garden, but there is a
whole lot of genuine hard riding. 1t is
"wnoop-la" from the jump.
a wild steer is punched from the chutes
at one end OF the inclosure rushed across
the line and down the field. After him
t h the cowboy; swinging his riata
his time begins. When he has tied his
steer his time ends. The man who makes
the best time wins the contest. There are
a thousand chances In steer-tying-a mean
steer. a hard start. a broken rope. a quick
turn, seen too late-all these make the con-
test gamble" And yet the best man
generally wins. Theoretically, luck is an
impersonal thing; in steer-tying the best
ropers are generally lucky.
Any man who misses his first throw
loses his chance for first place. unless the
whole field Is unlucky. So IL is with one
intent eagerness that the cowboy rises in
his stirrups for the first cast. No use TO
catch them by the neck or Iegs-experience
has shown that the best hold is the horns
and for the horns the cowboy throws. Then,
as the rope settles, he twitches 1t taut,
lashes the slack TO one side of the flying
steer, and runs his horse past him ON the
other side. In moment the steers head
Is jerked down. his hind feet gathered up,
and he hits the ground-hard. Like a flash
the rider runs TO his victim. Hopping
astride the PROSTATE steer he plants knee
In the heaving flank and lifts the hind leg
into the air. While the steer kicks and
struggles the cowboy seizes the tying-rope
from his waist. knots IL about a forefoot,
and then wraps IL about the hind feet \
jerk brings the three feet together There
Is swift Tightening OF knots, and he
throws his hands into the air. ''Tiedi''
After the contest there are impromptu
norse-races. ag-pickng. and then a gen.
eral clatter and stampede for town. There,
about feed-corrals and saloons. the con-
| tests OF the day are talked over the WIN
ners OF bets stand treat. and the cham
pions tell how 1t was done.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13
BREAK DUE TO WEATHER
WHEAT GOES OFF SHARPLY, BUT
REGAINS PART OF LOSS.
Corn Also Is Weak, Closing Lower
Oats Hold Firm, and with Proyi-
sions Makes Fair Gains.

CHICAGO. Dec. 12-Heavy SHOWS in the win
ter wheat States and big deliveries December
contracts caused weakness in wheat to-day, but
the close was steady at the decline, May being
of sole Corn closed &c lower and oats a
shade higher Provisions made gains ranging
from 2Iz45c to 171s@20c.
Wheat opened steady with May &c lower to
&c higher at size to s1Ac. but soon showed de-
cided weakness, influenced by the SHOWS and
rains in the winter wheat belt and selling for
profit taking. The declining tendency was aug
mented by the extreme weakness in December.
which sold Oft 111c early in the day on heavy
deliveries. Commission houses were active sell
ers, St. Louis houses being prominent on that
side Of the market and with little demand May
siumped 7O&.c. Advices from Argentina were
still buliish, the rains there continued, and
reports from Minneapolis stated only small sup
plies OF wheat were still left the three North
western States. These features, with reports
of a cold wave in prospect, changed the senti-
Inent in the pit. and during the last hour a
good demand developed, with many early sellers
on the buying side. The market responded to
the demand and May advanced to sllsc. but
eased off again. The close was steady. with
May Sole lower s1hQs1Hc. Clearances of
wheat and flour were equal to 374.5 Blu. Pri-
mary receipts were 6l,S0O bu, against $4,000
year ago. Minneapolis, Duluth and Chicago re-
ported receipts of sl7 cars. compared with 676
d
December weak, but May held sur
prisingly steady in view of the weakness and
decline In wheat. good deal of May was
wanted by local shorts and offerings were light
The weather was less favorable for the move
ment rains and Snowstorms being general
throughout the West. After opening shade 10
.sghc higher at 4$aAc to 4slse; May sold between
4Slsc and 43lzc, closing at 431s443Ac. Receipts
were 1879 cars. eight of contract grade.
Oats were firm on covering by December shorts.
receipts continuing small. During the last hour
there was considerable activity in the pit. due
TO a number of local operators coming In with
large buying orders. On the rally that ensued
there was enough profit taking to cause a re-
action and the close steady. May opened
unchanged to shade lower at 36S4363sc to S67sc.
ranged between $3.50 and 37f37hc, closing at
36Ad37c. Receipts were 153 cars.
Provisions were firmer on smaller receipts OF
hogs and higher prices at the yards. There was
an early advance buying by shorts and COM
mission houses, but part Of this gain was lost
on selling by foreign houses May pork closed
l71sG20c higher at s11.s041l. s21z. lard 2ia95c
higher at s6.65G6674 and ribs were UP TIC at
$685.
Estimated receipts for Monday: Wheat. IS
cars; corn, 30; oats, 225; hogs. $4,000 head.
Leading futures ranged as follows:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13

-four 5000 brls. OF corn 5000 bl and OF oats
- 600 6H 81 ressipts OF Wheat 81 az
bu the same day last week.
Bradstreet's gives the exports OF corn from
the Atlantic and gulf ports the past week at
Gal. 900 bu against 1893. 600 bu the previous week
and 1901, 900 bu the same week last year. From
pors have 9ae tS % @ m b 'n AGAINST
4O9iO00 bu the corresponding time year ago.
The Minneapolis Market Record estimates the
wheat crop Of the Northwest at 200. 5000 bu.
Allowing 2OOO0 900 for seed this would leave
$50. 000, 900 bu for the market The Record claims
that s4,S42.OOO bu have been marketed already.
leaving So 600 600 bu on the farms Dec. l. The
the remainder of the season. the Record esti-
mates
Shipments of wheat from the Argentine the
past week. according to Bradstreets. amounted
to $4,000 bu. against $4,000 bu the previous
week and 10000 bu the corresponding time
year ago. Since Jan. 1 to date Bradstreet's
estimates that 81. ss4: 900 bu of wheat have been
bu the same time last year. Corn shipments
from on ooo Argentine this week are estimated at
1,ss4,ooo bu against 1s17,ooo blu last week
xxx
Bradstreet's estimated the exports of wheat
and flour from the United States and Canada
the past week at 100000 bu. against 400. 900
bu last week and 3.761Ooo bu the corresponding
time
I'VE are unable to see any Improvement in the
export demand for wheat" says E. F. Rosen-
baum, a prominent Chicago trader 1.-The con-
tinent is still Indifferent. and have no demand
for hard winters at better than 4lsc under Chi
cago May at the gulf which would mean doing
the business for nothing. Our advices from the
southwest do not bear out the claim that GO per
cent. OF the Kansas crop has been marketed
Wheat Is still piled up on the ground in some
parts OF Kansas, because IL is impossible to get
cars to move 1T, and / believe so per cent. OF
the crop is still back in Kansas and 40 per cent
in Oklahoma, and all Of the Oklahoma wheat is
choice No hard. The mllers in Kansas who
were so anxious for good wheat six weeks ago
have changed their attitude and buying the
cheaper qualities"
THE statement that three-fourths of the wheat
is already out of first hands in the Northwestern
States" says Manager James PETITE of the
Peavey Grain Company, may be an extreme
figure, but l do not think it is far out of the
way. In any event there will be plenty of wheat
for milling purposes. / believe the most
sentative feel that permanent high prices this
year VIII be much encouraged by little set
back now. Without this setback il may be that
both export demand and consumption other
accounts will be checked. Ii may happen that
large statistical shortage turns into actual
increase II prices are run too high to encourage
the use OF the wheat in various ways"
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13
FIGURES ON EXPORTS
OF MANUFACTURES.

The highest point in the expectation OF manu-.
that year si33. s5l. 756 than $4,000
larger than for the previous year. Since then
the domestic consumption has been so extraor-
binary that less thought has been devoted to
foreign markets. but very recently circum-
stances have once more turned attention In that
direction. OF course. no one could believe that
business I'm this country could continue perma-
nently under the high pressure that IL has been
for the last few years There has been a wide
spread belief that the value OF foreign markets
would sooner or later be more a leading
factor in the affairs Of the Nation. The renewed
activity of the iron and steel mills in seeking
foreign customers is only sign. though pos
sibly the most striking. OF this awakening to the
needs OF the situation. Though the real search
for foreign markets by manufacturers has
hardly more than begun, some very striking re-
suits have already been achieved. For instance
in 1898 shis country exported only s4e57 ga OF
agricultural implements. but I'm 1903 the ship
ments had expanded to SIC Sc 740. In the same
period the exports OF boots and shoes Increased
from 500. 75i to Sc. Is. ss.-Dunn's Review.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13
COTTON MARKET STEADY.
Prices Practically Unchanged-MOve
ment VIII BE. Main Factor.

IBy A r. Thompson & Co.'S wire]
NEW YORK. Dec. 12.-In the face Of disap-
pointing cables. the cotton market opened fairly
steady. and the local demand. which came from
shorts commission houses and bull leaders. de-
veloped and kept prices around last nights
close. The weather map showed rain In the
Southwest, with severe cold wave approach
ing from the Northwest This with light esti-
mated receipts, added to the bull confidence.
Advices from the South as to the condition of
the spot market and the amount Of cotton on
hand are contradictory The weight of evil
dence. however. would seem to support the claim
that the crop has been picked and marketed in
a surprisingly short time and that far less cot
ton remains in the interior than at this time
last year. The movement will continue to be the
main influence. and should receipts suddenly
begin to decrease prices would correspondingly
advance. Following Is the range of prices:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13
LL'ith the Grain Brokers;
Present Market Conditions

The week in the speculative wheat market
has been one OF ups and downs. Although gen.
eral conditions have been more bullish than
bearish the latter part of the week. the wheat
futures in the Chicago market close the week
with a loss from last week but at a recovery
liz the cash markets wheat was strong the first
part OF the week. but closed the week steady TO
slightly lower compared with last Saturday
prices
May wheat left off in Chicago yesterday at
size. loss of &c from Fridays last price and
at fiat loss OF 1c from the closing quotation
last week The December left off yesterday at
The July closed yesterday at 771.c, against 77asc
last Saturday.
The frst part Of the week the wheat market
was strong and held around the high prices Of
the previous week But all the strength was
that developed by the Armour buying. Wednes-
day the crowd turned bearish and sold all day.
Armour supported the market and held prices
up pretty well, the close being only fractionaly
lower than the final price Tuesday night. But
he had to add about 5000, 900 bu of May to his
line TO hold the market. Thursday Armour re-
pieces literally, the May being more than &c
lower than the high the previous day at one
THURSDAY. however Armour buying caused some
recovery, and the general loss around 1c.
Inc government report on the condition ana
extent OF the winter wheat crop came out Thurs
day afternoon after the close. 1t was very bull
ish, and when the wheat opened Friday morning
the market was decidedly strong. II did not
recover all of Thursdays loss. however. Yester-
day the market not as active as the pre-
vious days Of this week.
Northwestern receipts of wheat the past week
have been somewhat on the decrease, but this
has been discounted by the increasing South
western receipts There is a good deal of talk
TO the effect that 70 per cent. of the Northwest
ern wheat has been marketed. According to
some reports there has been some Improvement
this week in the export demand for wheat.
The local cash wheat market has been up and
down this week. Wednesday the local market
recorded the highest price here for this crop for
No. red s7izc. Thursday the market low
er, in sympathy with the speculative markets.
Prices left off yesterday at about last week 8
closing quotations.
Primary receipts Of wheat yesterday amounted
to e55 900 bu against 6s5 900 bu the day last
week Shipments were 20s.00O bu. compared
with 100000 blu the same day last week. Corn
primary receipts yesterday amounted to 203. 900
bu against SOC, 900 bu the same time last week.
The shipments were 203. 900 bu. as compared with
322. 600 bu the corresponding day year ago.
Clearances of wheat amounted to 100000 blu. Of
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-13
HOG MARKET IRREGULAR
EARLY SALES SHOW ADVANCE, BUT
WEAKNESS DEVELOPED LATER.
Prices for Cattle About n Level
with Those of Previous Days-Mnr-
ket for Week n Disappointment.


UNION STOCKYARDS INDIANAPOLIS. Dec.
12.-Hogs-While not as large yesterday and
probably below the expectations OF some. the
receipts of hogs to-day OF good volume
and show increase OF 5000 year ago.
When the market opened only about 1000 were
in the pens. and statesmen We're asking strong
to higher prices. Buyers. however. were not
disposed to pay any advance. and several sales
made at the start not quotably higher.
Subsequently. however. stronger competition de-
veloped between packers and shippers. and the
trading was generally around &C higher than
yesterday morning and strong compared with
yesterdays closing prices. Later. however, the
supply was considerably augmented, and with
most OF the important orders executed, the mar
ket naturally developed some weakness. In fact.
at the exertme close 1t was more less diff
hcult to consummate sales and prices in many
cases represented decline of sc compared with
the best time in the day. Therefore, while some
sales undoubtedly higher. the average
hardly be considered any better than at the
close yesterday. The extreme range in prices
was from $40 to s4.72h. and the bulk OF the
supply sold at si.5O6l4.65 although there were
number of sales at 81 67lHq4 20, and also at si45
The hog market this week again charac-
terzed by frequent fluctuations in prices. but
the movement has been in one direction
than last week and consequently greater
net change for the week. At the beginning OF
the week prices were lower. but since that there
has been a gradual upward tendency and clos
ing prices for the week represent an average
gain of i5c over the close Of last week. On
account of less margin between prices here and
in Eastern markets the volume of business done
by shippers was not large as last week, but
almost all week there has been enough demand
from that quarter TO stimulate the request from
other Local packers purchased about
10000 more hogs this week than last, while the
shipments for the same period decreased about
5000. The quality Of the current offerings has
been generally satisfactory and yesterday was
considered the best IL has been for long time
past. There not a great many good big
hogs coming, but there is also small proper
ton Of ordinary light grades and therefore the
average weight is satisfactory as it has been.
Through the week the good medium to heavy
hogs have developed the most strength, but
there has not been great deal of change in the
relative position of prices for the light and heavy
| grades compared with the close Of last week.
| The extreme price this week was zoe higher
than the lowest top price and the highest paid in
| this market since Dec. g. Quotations:
Good choice medium 81 e0d4. 721s
Mixed and heavy packing. .............. 4f5qi.65
| Good to choice light weights .......... 450q460
Common to fair light weights 4.40q4 As