davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
Local Financial Gossip;
Bankers and Brokers' Talk

prices. 1t is eminently satisfactory from
conservative point of view that the upward
tendency in stocks is taking place Slowly
and without artificial stimulation"
XXX
General conditions begin to indicate
easier money in a short time. and conse-'
quentiy improved conditions in the stock
market" said Albert r. Thompson yester--
day. "A New York bank has just engaged
si,000,000 gold from London, and the pank
statement SHOWS a better condition gen.
orally
THE general financial and industrial as
pect is certainly much brighter than for a
long time, and conditions favor an appre-
citation in the value of stocks. Nobody
denies that business is contracting, but at
the same time this contraction is not likely
to attain large proportions. Certainly SO
far as money is concerned-and the none
of the years trouble-we have nothing to
fear. The stock market has passed sa1eiy
through trying ordeal. All indications
point to easy money in 1904. limited states
Investor.
Meyer & Kiser yesterday issued a hand
book on Indianapolis securities. The con-
dition of nearly fifty concerns is given in
careful detail in the pamphlet, including
all the banks, trust companies, traction
phone companies and other corporations
and companies whose condition is OF public
interest. Meyer & Kiser spent much time
in the preparation of this handbook, and
ii will be useful to brokers and bankers
and others who wish to know from time TO
time the condition in detail of the COM
panies whose stocks and bonds are dealt
in on the local market.
Talbot J. Taylor, who figured conspjcu-
ously in the Keene Southern Pacific pool
last spring, is reported to be buying back
the Pennsylvania stock he sold last week.
A wire from Wortley, the New York
broker, says: 1.-THE stock market, particu-
larly the railroad list, looks if it is work.
ing higher. 1t is really a good trading mar
ket but the public does not appreciate this.
This is good time to purchase for turn"
General comment of the New York news
papers on the situation in stocks is Of a
conservative character.
There is tip out that Steel preferred is
! purchase.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
Market Generally In Narrow and Pro-
fessfonal-Steel Holds Firm.
IA. w. Thomson, indianapolis.

"A. W. Thomson. IndianapolisJ
NEW YORK. Nov. 3o-While the market con-
tinued narrow and professional. yet 1t exhibited
undertone of strength. The volume OF trad
ing was larger and was confined principally to
the active issues. Union Pacific and Southern
Pacific. Atchison and Baltimore & Ohio were
the strong features. Pennsylvania was heavily
sold by a large operator but the stock was
well taken and showed but fractional loss in
the forenoon; and after the selling had sub
sided ii reacted easily with the balance Of the
list. Missouri Pacific and Texas advanced on
bidding by Gould interests Hartman bought
Union Pacific and Alton AS the market ad-
vanced Republic Steel preferred. weak in the
first hour, recovered its loss on short covering
The transactions for foreign accounts were
principally of an arbitrage character, amount
ing to about 5000 shares. Louisville & Nash
vile advanced points expected dividend
Nashville and Chattanooga. The steel issues
held firm but made Roadway.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

talking 9O-cent market. There is no
DENYING the apparent strength of the do
mestic situation, but 1T will be hard to
bring about much more advance without
greatly increased outside support Ths
market is now past so cents and il the
pubic Is coming In this support should
ueVelope soon. Corn is not likely to ad-
vance except III sympathy with wheat The
increased movement OF new corn and the
poor shipping demand are the leading bear
ism features"
A very decided change has been noted
IN the feeling toward wheat during the
past week. The claim that supplies of
spring wheat are falling off together with
the activity In the milling trade. would
mean exhaustion of wheat supplies sooner
than has been expected. This DEVELOPMENT
10 lesa,oeo as an important point. Re-
ceipts have been lower than they were
last year
The corn market seems to be without the
supporting power afforded by large sale
Tor export shipment. Sales for export the
past week have not been mportant.-Ham-
mond & Snyder (Baltimore), letter to w. ].
Riley. ~
Lack or Sufficient number of cars with
all the roads east continues to be ham,
pering influence on grain shipments out of
Indianapolis. None of the roads are able
demand, and promptly. il is said, and there
Is no indication that the roads will be in
an improved condition III this respect.
Grain has been moving slowly during
the past month and the Western communi-
ties have been somewhat disappointed in
not having sufficiently rapid action on their
productions" says Bonds and Mortgages.
THE railroads have been colgested and
are reporting sidetracks filed with loaded
cars as well as elevators waiting for moye-
ment of grain. But the corn will be mar
keted. and with the wheat crop just put
In the ground being well moistened by
late fall rains, there Is every reason for the
Western farm community TO be encour-
aged"
Spencer was heavy seller Of May wheat
around. s0A cents. but this did not have
much effect on prices. Armour and Ed
wards bought May.-Porterfeld & Co. wire.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

Sheep-Receipts light; shipments none. As
usual at the beginning of the week, the receipts
OF sheep and lambs to-day were quite small and
below the average Mondays recently In
fact, there not enough OF any kind here
under such circumstances. the true condition of
the market could not be determined by actual
sales. The reports from other places this morn
ing were by no means dscouraging, and al
though there were not enough here TO encourage
competition between buyers. prompt clearance
or the small supply was made at fully steady
prices compared with those prevailing at the
close of last week. and there is probably doubt
that larger number could have been trans
ferred on the same terms. Butchers bought all
of the supply which consisted principally of
lambs. and sales ranged from IS to $3.50. Quo
tatiOns:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

Stockholders of the Union Traction COM
pany of Indiana have been notified that
permanent. engraved stock certificates are
now ready for registration and delivery at
the Indiana Trust Company in leu Of the
temporary certificates at present outstand-
ing. The total issue of stock of the Union
Traction Company of Indiana is 100000
preferred, and $7,500.000 common. Tenn
porary certificates were issued pending the
making of the engraved certificates, which
are required by the rules OF the Phiiadel-
phia and New York Stock Exchanges.
XXX
Wall-street dispatch says: There is
a rumor that the differences between Cas-
satt and Goulds have been settled. The
report cannot be confirmed
''The railroad stocks show very much
strength" said A. w. Thomson at the
close of yesterdays session. I'm the face
of the high call rate in New York the con-
tinued upward tendency of the railroad list
is douby significant good many tbsn OF tb 1ae
have been since last August"
The money market generally indicates
that the demand for money to move crops
is over, according to general opinion among
brokers and bankers.
There is tip from Joseph to buy Cop
per on recessions.
There are excellent trading opportunities
in Sugar. Buy little dips in preference
to selling, since the floating supply of the
stock Is Observation-Disclosures wire to A w.
Thomson.
Bankers generally are taking hopeful
view of the money situation, and expect
soon to make large loans for the usual divi-
dend purposes for which money is used
around the first of the year. In some direc-
ton there Is curtailment Of the borrowing
demand. The return to the centers of the
money used in the West to move the crops
is being felt more in the Northwest and in
the middle West generally than in the
East just at this time.
Meyer & Kiser have the following from
their New York correspondents: "Senti-
ment continues hopeful and the street gen
orally is inclined to the belief that there
are elements of strength in the market
that must eventually work for higher
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
Wheat Advances General.

IAlbert r. Thompson & Co. Indianapolis.1
CHICAGO, Nov 3O.-There was an advance
in wheat to-day of Ad1 1-3c. and outside
markets have advanced much. The market
was started by the very large shipments out OF
Chicago. There further sales OF two wheat
cargoes by Armour There strong news
from the Northwest all day. Worlds shipments
were TO- 32s 900 bu and larger still from Russia.
The big Armour holding Of May is the specula-
tive feature
There was better tone TO the cash corn
market to-day, and there a temperance
of the glucose people buyers in the car-lot
market There was a halt in the December
liquidation and some indication that IL
over The futures were 3sqhc higher. Shorts
Influenced by the wheat strength. World S
shipments were ALL 900 blu.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
Statistics on Wheat BuIlish.
[Porterfeld & Co.. Indianapolls.l

IPorterheId q CO., IhdianapoIIsI
CHICAGO. Nov. 3o.-There was an old-fash-
toned bull market in wheat to-day, and De-
cember as an active option expires in a blaze Of
glory, speaking from the buyers standpoint. but
much TO the discomfort OF the shorts, who be-
Iieved more i'm the statistical foreign situation
than they did in the 'one MANS market.
Armour support and prominent short covering
were the main features, although the shipping
of half million out of Chicago. with more TO
follow gave confidence to the buyers The out
side markets Jagged a little in the carly trading
but later became as strong as Chicago. which
closes with gains of from 1&c to 1lkc over
Saturday. Northwest receipts We're light. and the
visible supply shows modest increase compared
with the large one OF last year. At the close ev-
erything excepting the foreign cables We're bull
factors. Bears of last week have turned front
and are the loudest In preaching SOC wheat on
this movement.
There a frrner cash corn market to-day,
and the glucose people were again in the market.
At the start there further liquidation in the
December. but later the buying OF cash and
May turned the scale
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
THE LIVE STOCK MARKETS
BEST GRADES OF CATTLE A TRIFLE
HIGHER THAN ON SATURDAY.
Hogs Active and About Ten Cents
Hfgher-sheep Scarce and Firm
Condition of Other Markets.

UNION sTOCKYARDS. INDIANAPOLIS. Nov.
Acknowledgements. 200; shipments nome The
receipts OF cattle were smaller than week ago
rs expected at this time AS usual on Monday,
there was not complete variety Of grades
represented. and extreme range in prices
therefore could not be established by actual
sales. Receipts at surrounding markets were
below expectations, and the conditions in general
wero more favorable TO the selling side than
they have been. The market opened with a rea-
sonably good demand. principally from local
sources for good fat CATTLE and all that answered
that description sold rather promptly at strong
to higher prices than those prevailing for equal
great advance in a general way, but all sales Of
good stock were evidently more satisfactory to
statesmen than they have been. and the situation
therefore healthier. The market for unde-
sirable cattle. that Is. the kind that are below
the standard In quality. weight or condition. did
not show any improvement whatever, and. in
fact. reported more less difficult to sell.
Therefore. country buyers should continue TO
discretion IN buying this class OF stock. and
not expect Improvement In the market that
stock satisfactory clearance OF all kinds OF
cattle war made to-day. and the market seems
20 be In .. better condition for handling normal
supplies han II has been for several days.
Among the sales to-day i.37O-lb steers at
175. and other sales of killers ranged from S. %
20 $435 Heifers sold as high as s.. 90 and others
at $3.50. There were no cows here good
enough to bring over SIS. and Gamers to good
kinds sold at s243-2c. Bulls sold FROM s2.25 to
Sis. and the calf market stronger with
sales at 1915 TO SIS. Quotations:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

Cash quotations were follows Flour steady.
Wheat-No. spring. 7sGS2e; No. red. $3.50
S6Ac. Corn-No. 2. 421ac; No yellow. 42lec.
Oats-No. 2 347sc; No. white. a41z@3sc. No. 2
rye, SIC. Barley.Good feeding. sass; fair to
No. / Northwestern. 97izc Prime timothy seed.
$3.50. Clover-Contract grade. ST.. Mess pork.
per brl. $1l1215Q1125. Lard per 100 lbs. s6.471z9
$50 Short rib sides Q,ose) Sc. 25G650. Short
clear sides (boxedl. ss.l2ss@s.25. Whisky-Basis
Of high wines. s1.25.
Receipts-Flour. 1900 brls: wheat, 214.ooo bu:
corn. 2s7. 400 bu: oats 452 400 bu TO- 600 blu;
barley, 161, 500 bu. Shpments-Flour. IL, 100 brs;
wheat $40 700 bu; corn, 37s, 600 bu oats, 1E 800
bu; rye, $500 bu: barley. g. 200 blu.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
PRIVATE ADvICEs ON GRAIN.
Plenty OF Bullish News for Wheat
Traders-COrn.

flenty Oh NeW8 IOE wheat
Traders-COrn.
Meyer & Kiser. Indianapolis.1
CHICAGO. Nov. 30.-The chief long interest
in the wheat market had the unqualified assist
ance Of the domestic situation, and the session
was a parade OF bullish news statistics and
higher future prices. Everything this side
was bullish. Foreign news limited and
bearish Cables Indifferent, and Argen-
tine weather continues fine. Both items, how
ever, were ignored. The Northwestern receipts
were 500 cars smaller than year ago and gave
the market it's initial irmness. The total pri-
mary movement was short of last season The
local cash situation added to the tulish fever.
The visible supply statement was another bull
sh card. the increase being only 66s, 600 bu com
pared with an increase year ago OF 1851. 900
bu. Northwestern markets were all strong and
higher
Corn firm. getting its initial impetus
from the wheat pit and later receiving some as
sistance from the local cash market The new
corn. which has been depressing feature for
several days past, was in better demand. and
it is reported that the glucoes works. both here
and at Waukegen, will be in the market in a
day or two. Liverpool reported that market
firm on account of smaller arrivals. Weather
continues favorable for movement and for con-
ditioning of crops. Estimated receipts to-mor-
row. $40
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

Railway Stocks Make Substantial
Gains-General situation.
rPorterfield e. Co Indianapolis

rPorterfeld & Co.. Indianapolis.I
NEW YORK. Nov. 3O.-The first day Of the
week in stocks closes with many encouraging
features and net gains ranging from n to 50
share. The fact that not only have the rail-
ways been benefited. but that this improve
ment has been extended to the industrials
means more than be at q glance
Among the prominent railways can be men
toned Missouri Pacific, Kansas & Texas and
the kindred Gould stocks, which made advances
from to points the day. In the Southern
group Louisville & Nashville and Southern Rail-
way were prominent. the former advancing 50
from its low morning point.
More gold was engaged for import and now,
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
Visible Supply Of Grain.

NEW YORK. Nov. 3o.-The visible supply of
grain Saturday. Nov. IS, compiled by the
New York Produce Exchange. is as follows:
Wheat 80, 150, 900 bu an increase of S7s, 900;
corn 1857 900 bu, decrease of 249, 900; oats
95s400o bu, increase of 276. 900; rye LIZ, 600
bu. decrease Of 2ll, 900; barley. 56S7,0 bu a
decrease Of Is, 900.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

While at most other points where there
stockyards there has been falling off in the
number Of stock handled the Indianapolis Union
and cattle and a slight decrease of sheep and
horses as compared with November last year. For
the eleven months the exhibit is quite favora 5le
there being All increase this year of 245, 81 hogs
and 20, 766 head OF cattle The statement in de-
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

as the money demand for crop purposes has
about eliminated, bank statements should
fleet the return Of money to the Eastern GEN.
ter. Call loans We're strong. advancing to 10 per
Gent cent Du. Immediately dropped to per cent
as the speculative Wall street has turned its
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

Hcgs-Receipts. 1900: shipments 500 The re-
c<ipts OF boss were about the same a week
ago and near me average for Monday market.
but not quite as large as a year ago The quail
tty OF the consignments was again very Salts
fnctory and most OF the different grades were
represented Receipts at surrounding markets
were below expectations. resulting in an upturn
In prices. and this. OF course. had a good in
0aerce here The market opened with ali BUYERS
in the Held. and there was an active demand
from both packers and shippers This created
strong competition. and from the begnnins.
the offerings changed hands rapidly a, a good
advance IN prices over those prevailing at the
close OF last week. IL il possible that a very
few sales were hardly more than sc higher but
IN general way representative sales indicated
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
TRADE IN GENERAL.
Quotations at st. Louis. baltimore.
Cincinnati and Elsewhere.

ST. LOUIS. Nov. So.-whaat higher: No
red. cash. elevator. nominate track, ~lsHS0isc.
December. sOsse; May sac: 10. hard. 7SaS2c.
Corn firm No p cash. &c: track. sSise. Decem-
Der. 36Ac; May. Sc No white. Flour
quiet; red winter patents, sAi0GA20; extra
fancy and straight. s. SGff4G: clear. s. 50G3 g.
Timothy seed steady al s. z5el2. 81; prime worth
more Corn meal steady al s. 30 Bran dull;
sacked east track. 5tq1sc. Eay easy: timothy.
S.. 50fIi2. so: prairie. S5G9 60 whisky steady at
Hemp Irvine. &C FORK steady at Sii-sa Lard
CONTINUED on PAGE II. COL "a
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
MONETARY.
Rates on Loans and Exchange-Clear.
fngs and Balances.

INDIANAPOLIs.-Comme paper. 4as per
cent; time loans, 506 per cent. Clearings,
81. Isl, s97. 80; balances. 1886. 447.5o.
NEW YORK.-Call money strong at 699 per
cent: lowest, G; closing bid 61a; offered at z.
Time loans firm; sixty days, per cent. ninety
days and six months 5iaQ6. Prime mercantile
paper 6d61z per cent. Sterling exchange heavy;
actual business in bankers bills "a So 406i4 49, As
for demand. s479%Q47s.90 for sixty days; posted
rates. s4S1Q4SIh and s4S4l1Q4S5: commercial
bills, a. 1914 IA 79hs.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
Treasury Statement.

WASH1NGTON.-Monda statement of the
treasury balances in the general fund, exclusive
OF the Sleo.Ooo,o 900 gold reserve in the division
of redemption, shows:
Available cash balance ..............$2 1s $50 $40
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
Money Rates Abroad,

LONDON.-Money. 3k94h per cent; dis
counts. 4b and 4Q4h. Consols, IS 15-166S9A
PARIS.-Three per cent. rentes, 9Sf zoe for the
account. Exchange on London, 25f 191zc for
checks
BERLIN.-Discount rates: Short bills ( Der
cent; three months bills. 3A.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
CASH WHEAT STILL HIGHER.
General Advance of Cent-Corn
steady at Last Weeks Prices.

creased strength yesterday. The Board OF Trade
call resulted In q general lc advance. No. 2
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

NEW YORK.-Bar silver, 5s1sc; Mexican dol
lars, 43c.
LONDON.-Silver bars. 2sAd an ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01

Saturday Another thing to be considered to-day
e. that buyers less particular in shaping
loads and, of course. this a benefit to the
owner. The morning receipts were soon ex-
hausted last sales being fully high as at
the opening. and there were not enough hogs
came IN late TO affect the market in any way
the close was strong and average prices for the
day were the highest they have been since the
break a week ago. Nothing but pigs or rough
hogs sold below s445 and selected grades sold
high Sass. with the bulk of the sales at
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
Cotton Quotations.

TAIbert r. Thompson & Co.'S wirel
NEW YORK, Nov. sO.-Fdllowing was the
range on cotton to-day:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
RAILROAD STOCKS STRONGER.

Swift Co. 1osIs 1o3% 1881 1o3H
United Box Board pref. 81 21A 2lk
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
BOD to choice steers. 1.s5o lbs and up

wards sl5Oa SIS
Plain fat steers. lao lbs and upwards. 425g Les
Good to choice 200 to 300-lb steers. Goa T. so
Plain fat 40 10 1.30o-lb steers 3.759 AS
Good TO choice 900 ]. 15o-b $500 LIS
Plain fat 800 TO 11s0-lb steers. 3254 g. 10
Choice feeding steers, 1000 100 lbs. $500 g. IS
Good feeding steers, 200 to LOO lbs-..- $3.50 g. 10
Medium feeding steers 500 TO 800 lbs... g. 00g 90
Common 70 good stockers. 50a $50
Good to choice heifers. $500 25
Fair TO medium heifers-...............3 5000 3 30
Common light heifers ................. 2.25f1 2T5
Good to choce cows-..................s .00fl $50
Fair TO medium OBSERVATION-DISCLOSURES 50f1
Gamers and cutters LOG 2 90
Prime to fancy export bulls. $3.50 3.75
Good to choice butcher bulls. $50 100
Common fair bulls 2.00dD
Fair TO best veal calves................ S50q rs
Fair 10 good heavy calves. S.0061 $50
Good to choice cows and calves. Sc. 0O5O. 90
Common to medium cows and calves. 20 006l3o. %
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-01
lies ...---.-......-fo S, vVJ
UNITED STATES BONDS.

Chicago Stocks.
[By Albert r. Thompson & Co.'S wlre.l