davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08

Of the account. During the earlier trading there
were some setbacks. and from time to time
easier tone developed, but there was lack of
pressure and plenitude of resisting power.
The afternoon session developed particular
strength. and the highest prices of the day for
a number OF stocks were scored in the last hour
There was nothing I'm the Presidents message
that might be said to have Influenced the market
1t was generally regarded conservative with
out any particular brilliancy. and rejecting a
conservatism that may may not have political
expediency for basis. II will not satisfy the
antitrust disciple nor will it's commentator Of
the enthusiasm OF the Standard Oil interests.
typed nowadays. and inject no excitement into
the situation. The message of 1903 is only siren
uous Ia spots.
Particular attention was centered during to-
days trading on the so-called Standard Oil and
Gould stocks. Amalgamated Copper had a some
what sensational furry in the early part of the
trading. which carried it UP fully four points.
1t continued strong and aggressive during the
greater part of the day. st. Paul consist
emily strong, Missouri Pacific acted well and
Texas & Pacific was aroused from its lethargy
and scored substantial advance. Brooklyn Rap
Id Transit gave some evidences Of manipulation
ard continued strong and fairly active. The
trunk lines were we'll held. and Pennsylvania
after an early relapse, rallied and advanced
through higher figures. Steel preferred was sold
gained its loss and scored substantial advance
before the Close Specialties were all strong
and coalers were firm, and the whole market
in the later trading seemed aggressive. Sem
timent continues bullish and there are no signs
OF a serious reaction.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08
Wheat strengthened by Reports from
Argentina, Weakened by Denials
and Revived by Scare Of Shorts.
CORN. EASY AND LESS ACTIVE
HELPED BY THE WHEAT RISE, H
CLOSES AT AN ADVANCE.
Oats Influenced by the Leading Co.
reals to the End-Small Gains Re-
corded I'm Hog Products.

CHICAGO. Dec. 7.-Conficting reports from
Argentina on weather conditions there caused
an cratic wheat market to-day. Prices were
also influenced by the action Of the leader OF the
bull Clique Active buying by that interest late
ing up sc to &c. Corn closed &c lower; oats
were up hc. and provisions closed from 2i1c to
The opening in wheat trine easier. due
TO large worlds shipments and lower cables.
Mere to seS S at e at Stars
to the bearsh news St. Louis houses leading.
winter wheat belt and the strength of the dis
sant future exer1ed supportins Influence on the
good demand developed on reports of heavy
rains In Argentina Which resulted in o the market
rumors OF probable big increase In the visible
supply. with later reports from Argentina con-
vorable harvesting weather. brought out an abun-
dance Of selling orders and prices again declined
ne 70 70 the S al the s sE
was unloading through commission houses. There
brokers who were credited with buying for the
bull leader. and with only small offerings an
other rally occurred, and the close was strong.
cIsarsnees of Wheat and ND -four We're equal to
against practically the same amount last year.
he % On g 6e
ceipts of 1,o75 cars, against l04l last week and
LIS year ago.
A weak cash market. larger country accept
ances and more liberal local receipts than ex-
rected, with lower cables all combined to Gre
ate a bearish sentiment. Provision interests and
local traders Were the principe, sellers Demand
sc lower at 42+c to 43c. May sold between 42Ikc
lSS cars five of contract grade.
Oats ruled easier early in the session with
other grains. There was selling of May by local
longs, and December weak heavy de-
liveries on December contracts and larger re-
ceipts than expected The big decrease in the
visible supply and the late strength in wheat
started shorts to cover near the close, and the
early loss was regained. a steady tone prevailing
at the end May opened hc to NC lower at
3s7sc to 36c, and after ranging between 354d3skc
closed at the top. Receipts were 266 cars.
Provisions ruled firm though trading was quiet.
Hog receipts were much lighter than expected,
and this caused a better tone in the market at
| the yards. which Improvement reflected in
| provisions. Packers We're the principal sellers
and demand came mainly from commission
houses The close was steady at small ad-
vance, January pork being up 12xc at S11, and
lard and ribs each up 2iac at 500 and So 80.
Estimated receipts for tomorrow: Wheat. lac
cars: corn, 365 cars; oats, go cars; hogs 30 000
Leading futures ranged as follows:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08
THE LIVE STOCK MARKETS
HOG RECEIPTS YESTERDAY LARGER
THAN USUAL FOR MONDAY.
Prices Decline from 3 to 10 Cents, with
Good Demand from Packers ard
Shippers-Other Markets.

UNION STOCKYARDS. INDIANAPOLIS Dec
7-Hogs-Receirts. 1900; shipments. 1000. There
were about 900 fresh arrivals of hogs to-day
which is above the average at this time OF the
week About 1000 head had 10 be carried. over
from Saturday unsold that the supply or sale
to-day was right around 5000 head. or nearly
1000 more than a week ago and 1900 more than
in the field, and there was a fair demand from
both packers and shippers
But packers who liberal buyers at the
close Of last week were inclined TO be rather
bearish. The market also influenced by lib
eral receipts and easier tendency reported
from other places. Rather early in the; day.
however buyers and sellers together in
their views. and the trading fairly sctive
ct a decline Of SC TO 10c compared with Satur-
days prices. Very late Saturday afternoon a
few loads Of hogs were sold at &c lower prices
than those prevailing earlier in the day. and II is
was no lower than at that time.
The weu-shaped medium to heavy hogs sold to
the best advantage to-day, while the lishs and
mixed grades were the weakest. The shipping
demand. while very fair, not really liberal.
and when the important orders had been filled
Kingan & Co., who bought nearly 10000 hogs
Saturday, inclined to leaye the market be-
fore ali had been sold. But later they per-
suaded to clean up the supply and the last sales
did not show any further change in prices. COM
pared with the opening. Quotations.:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08
LCith the Grain Brokers;
Present Market Conditions

bushels the previous week and s.osoooo bushels
the same time last year or corn the worlds
Sushes from as the prexous TO
s, sxpor.s OF wheat and hour from the United
states -; YES and Canada last week amounted to T.,
previous week. and 57o4 coo bushels the CORE
spending time year ago.-Bradstreets.
The Commercial West says of the prospective
northwestern movement: "Since Aug. /, wheat
receipts at Minneapolis and Duluth are 1900. 900
bushels behind last year. For the remaining six
months of the crop year. 1T looks like a loss OF
receipts every day. North Dakota and farmers
have marketed Is per cent. of their surplus
South Dakota and Minnesota. not quite so much.
ceipts from this on. 1t is not OF holding
The wheat is not in the country"
For the ten months ending October 1903 the
exports Of -four amounted to Is 1872 ss7 barrels
as compared with the ten months of last year
this is gain Of little 100000 barrels
The Atlantic ports took 10 100000 barrels a loss
compared with last year. of than 800 900
barrels. The gulf ports carried nearly 1.s0O 900
barrels: gain OF quite loo. 600 barrels over
last years showing: while the ports of the Pa
cifc exported 5000 barrels gain of about
100000 barrels The showing of the gulf ports
is most significant. indicating. 1t does the
growing tendency Of export flour. a commodity
which must have the cheapest transportation
facilities in order TO move. 10 escape from the
ler
There has been an increase In the Southwest
ern movement as result of improved railroad
facilities. The primary receipts last week were
10000 bushels in OF last year, and the
increase was in the hard winter wheat at Kan
sas City. Chicago and in the winter wheat at St
Louis. The receipts at Minneapolis and Duluth
were almost million under last year Kansas
City had 6o0. 900 bushels more than a year ago,
st. Louis 10000 bushels more and Chicago zoo.
900 bushels more
The Armour people. In some way. In their
speculations. seem to get the benefit OF all the
weather vagaries. Thew were long wheat when
the splendid Northwestern wheat crop sud
denly delayed by the interminabe rain. They
long wheat and IL looks as IL they
to get the help OF dry weather scare II
the winter wheat reports from the other States
should show anything lks as great loss as the
Ohio, and IL the government winter wheat con-
dition Thursday should be low one. the
present big holders OF May wheat would ind
an easy market sell IL they felt inclined
TO take some OF the pronts.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08
Local Financial Gossip;
Bankers and Brokers' Talk

Thirty thousand Indianapolis Street-railway
per cent bonds were sold Saturday on the Phila-
delphia Stock Exchange at so. with interest.
The local Stock Exchange quotation on these
securities is ST. The transfer Of the 10000 block
last week was the largest sale OF these bonds
for some time. The last previous sale on the
small block.
Local securities are too low" said we'll
known banker yesterday There lot of
good investments In the list of stocks and bonds
quoted on the local exchange and their value
is not appreciated. The trouble is there is a
lack of concerted movement TO put these securi-
ties up TO where they really should be- But 1
from now. There is no doubt but what the local
stock and bond market will be more active
after the first Of the year"
Said an official of the Indiana National Bank
yesterday: THE general financial situation
shows steady and certain improvement. OF
is rot easy yet. but from all reports things
generally are looking a good deal better. The
only place where there is any uneasiness now
is the speculative world, and there the feeling
Is growing easier. There is still considerable
talk from various sources to the effect that the
inanciers generally are somewhat dubious yet
over the monetary situation. but there Is not
now as there Was a short time e' ago There are
failures in business, of course but the reports
of Dunn and Bradstreet show that there was
less number of failures last month than the
month before. This indicates Improvement
surely
1.-THE recommendation Controller Ridgley
makes along the line of currency reform in his
report just made public. is reiteration of
what he recommended two years ago." said a
local banker yesterday, "and is substantially
what the monetary convention in this city in
1896 recommended. In the details he may differ
somewhat from the ideas advanced by the In
dianapolis monetary convention. but funda-
mentally his recommendation is similar TO that
of the monetary convention. This recommended
ton Is for what is generally known as asset
banks without a guarantee with the secretary
of the treasury"
II the United States Steel Corporation passes
the dividend of per cent on the common
stock as il reported that it will do next year.
the company will save s22. 900. 900 year. There
is little doubt that the quarterly dividend of TX
per cent. the preferred stock viii be de-
clared in January, according to reliable wall
street reports To pay the Z per cent. dividend
on the preferred stock of the United States
steel Corporation it takes s37, 600, 600 annually
The sentiment the industrial future also
has grown distinctly more hopeful. This is espe-
cially marked in regard to the iron and stee
trade. from which come reports indicating that
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08

II yesterdays corn inspection record is an in
dex to this weeks movement of corn to this
point the receipts will be considerably larger
than last week. Ninety-two cars were inspected
yesterday, which is the largest inspection for
some time. General advices to the effect
that movement of corn is becoming little larg.
err with an increased demand The continued
cold weather is just the thing to put the move
able corn-that is, corn held by country dealers
and by, the local shippers-into condition when
it will be in good shape to market with the
exporters.
An outside milling company bid IS cents here
yesterday for No. 2 red winter wheat. This is
1c above the local quotations. and is far. it
is said. the highest bid for wheat in this mar
ket this year. Louisville shipper bid
ding 81 cents here last week for the No. 2
red. but that was delivered at Louisville. No
bids are The receipts of wheat here last week
amounted to $50 bushels, and the indications
It is sex expected that the local stocks viii show
another large decrease this week.
Says David Anderson. secretary and manager
of the Noblesville Milling Company: Receipts
of wheat of good milling variety almost
nothing. The supposition is that farmers are
holding their wheat. Whether they have Ii or
not 1 cannot say, but wherever IL is. IT will
wheat millers will have TO close down from
lack of supplies. The only worry have is
the wheat supply question: OrderS we nave IN
plenty.
Complaints coming from a large of
checked growth OF winter wheat. due to in
sufficient moisture or an entire absence of
moisture. The reports come mostly from the
central regions, yet the advices from central
and northern Indiana are to the effect that
there has been good fall in those sec
tions. Good rains SHOWS In the future
would greatly benefit the winter crop and re-
lieve apprehension of danger.-Modern Miller.
Bradstreets reports exports Of corn from
the Atlantic and gulf ports last week at 7s9. 600
bushels. against 1l51 900 bushels the correspond
ing time last year. From July the exports OF
corn from the Atlantic and gulf ports re-
ported at 25. 3S2 600 bu.
Receipts of flour and grain at Chicago the
past week amounted to $4,000 bushels; ship
ments. 5.css.oo0 bushels. This Is an increase
over the same time last year.
Worlds shipments OF wheat last week
amounted to Is7s.ooo bushels. against 10. 23s oO(
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08
STOCKYARD NOTES.

Leading commission men expect a liberal run
OF hogs this week. with prices somewhere near
those of YESTERDAY. or. perhaps. little higher.
IL the receipts do not get TO very large.
The actual receipts last week show an increase
of 20. 034 hogs S2s cattle and 127 sheep compared
with the preceding week and an increase of
z.4S3 hogs and a decrease OF 5s7 cattle and $50
sheep compared with the corresponding week
year ago. The general cattle market was re-
prices Sheep were lower lambs steady and the
hog market was 5q10c lower than Saturday.
At the close of trading yesterday 1T was gen.
orally admitted that the average price for hogs
was big &c lower than Saturdays average and
that occasional sales especially OF light mixed
hogs were around l0c lower. The extreme range
in prices was from 81 2sq455. and the bulk of the
supply solo al Stss44-aS' although there were
several sales at si.5O
Only one load of selected 25s-lb hogs was re-
ported sold at s4.55 yesterday, the same as
Saturdays top. but there were more sold at that
price Saturday. Several loads OF selected medi-
UNI to heavy hogs sold at $3.50, and loads OF
equal average that were more or less on the
strictly light hogs sold high 81 40, and there
were a few sales at that figure. but the bulk
OF the lghtweishts sold at 81 80, and there were
scattering sales as low as si.25.
In view OF the disappointment m the develop
ments last week cattle dealers were not inclined
yesterday afternoon to make any predictions for
the week. But IL noticeabl that the ma
Jority OF statesmen are expecting a steady mar
ket for cattle that up to the requirements
| In quality. weight and condition. In fact sew
srai expressed the opinion that they could see
nothing prevent steady market for the right
kind OF stock. But they are rather fearful OF a
continued slow outlet for cattle that below
| the standard In any particular. Therefore, prob
| ably the best advice 10 shippers In the country
/ Is to be careful In making their selections and
allow enough margin To cover any reaction that
might occur In prices Sales yesterday included
steers for killers at S33544.i5 and feeders al
/ t3.05a3.65. Heifers sold from s.. 759365. with
quite number around So -251350. The extreme
range In prices for cows from seas. Is, and
quite a number sold from 81 25fi3. Bulls sold
| from s2.25l-2.75 and calves from s35eQ725.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08

the decline in prices of product has met re-
vived demand. which promises some consump-
The measures of economy already adopted and
those in contemplation and the reduced freight
of available outlet I'm the foreign trade. The
details of the foreign trade statement for Octo-
t sef lad g s Ss Of hs
Harden, in the Chicago Record Herald.
xxx
r. G. Dun & Co. report 1852 commercial fall
ures in the United States in November. with
liabilities Of sis 422 sce The report compares very
unfavoraby with the corresponding month in
preceding years, but shows encouraging improve
ment over the failure record of October. In the
same month last year failures numbered 1000.
December money markets. like those of No
vember and october. have very irregular and
conflicting precedents In the last four years
loans during December have fallen off quite con-
siderably. while in the previous two years they
increased, also, considerably. Cash holdings In
%o Of he ss M bey aso % pT Pe
dents of the surplus reserve are evenly divided,
this account having decreased in three and in
creased in the other three OF the last six years.
New York Post.
The habit Of putting young men at the head
of financial institutions seems to be spreading
in the middle West The directors of the La
fayette Savings Bank. Lafayette, Ind, have
elected Richard b. Sample president of the
bank to succeed Augustus G. Carnahan. de-
ceased President Sample is barely thirty-three,
and has the distinction of being the youngest
Indiana bark president, and. incidentally, one
nahan whom Mr. Sample succeeds. was for
twenty-five years at the head Of the bank.-The
Financier.
The rounding up of the short interest in the
stock market last week was a pretty success
full affair far goes. The importan;
question now is whether this professional ad-
vance in the market has any more significance
than those which have occurred during the long
decline. The proft-taking movement which be-
came feature of speculation Friday. was
continued Saturday and prices of act
i've stocks were left little lower At the same
sufficient proportions to prevent any acute weak
ness, and the tone at the close steady
New York Journal of Commerce.
Says the Wall Street Journal Of the general
banking situation: THE banks have passed
through the crop moving period in a most cred
liable manner. There have been comparatively
few failures and the strength of the banking
situation. whole. Is clearly demonstrated
II Is important to note that the controller Of
the currency states that very few stocks. and
national banks Of the United States Therefore
the s5lS, 900 OF securities owned by the ma
tional banks of the United States represent, IL
larger part, bonds or an investment character
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08

The local cash grain market continues quiet
with prices practically unchanged from last
week.
Yesterdays corn inspections. % cars, was the
largest so far this month. There were no public
receipts OF wheat here yesterday Following
are the Board OF Trade quotations for cash
grain and hay:
Wheat steady: No. 2 red. SIC track. SIC ON
milling freight: No. red. SIC track; December.
SIC; wagon. SEC.
Corn steady; No. white. 4oc: No. 5 white.
No. white mixed. 40c: No. white mixed. Csc:
low. 3sc; No. mixed. 4oc; No. mixed. $oc;
No. mixed CSC; ear. Ale; wagon market. Is
G50c.
Oats stronger: No. white. 37nc; No. white.
37c No mixed. SIC; No. 3 mixed 35ikc
Hay steady; No. timothy. siL25: No. TIM
othy, sl05 so nominal.
Inspections-corn: No. 3 white IS cars: No
white II; No. white MIXED. I; No. white
mixed. 5; No. yellow. 1; No yellow 8; No
3 mixed II: No. mixed 10: ear. q; total -
cars oats No ? white. I car: No : mixed. 1:
rejected. g. total. Hay: No Timothy, 4
car: No. l clover. /; No. ! prairie /; No. 3
prairie. L; total. cars.
WAGON MARKET.
Receipts OF corn and hay were liberal yester-
day with prices unchanged
Corn-Per bu. 54n56c. new f6l3S0c.
Oats-Per bu. $50 s0c.
Hay-Timothy. slGl2: clover. ssGs: mixed.
sheaf oats-Per ton ssalo
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08
Representative Sales

Cattle-Recelpts, 200. shipments none. There
was about the average Monday receipts OF cattle
to-day. and. usual at this time in the week
al grades were not represented IL was i'm
possible to establish the true condition OF the
market for all kinds OF cattle by actual sales
Most OF the consignments were butcher grades
and the quality not above the average rep
resented here for some time past. There were
about as many buyers as expected this time
In the week Consequently there was no urgent
competition
The trade was Influenced to extent by
unfayorabe reports from other places, ana the
Kidding was inclined 10 be lower than the close
Of last week. But after hard work statesmen
succeeded In securing about steady prices. Quo
tations:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08
s.............. SCI 3.35 17.............. S71 215
3........... 900 AIS
shipments none

Sheep-Receipts. $50: shipments As
usual the beginning of the week, there was
not large supply Of sheep and lambs to-day.
but the receipts were fully equal to the average
Monday. There not a complete variety
of grades but there enough give dealers
a fair idea of the condition Of the trade. The
quality was not above the average represented
recently, and extreme prices Were not expected
Lambs. however. sold high $3.50 and other
sales were reported at s5M5.25, which indicated
that the market was about steady In the sheep
line. however. there sales above 50 %
Others sold at So. and all sales were generally
considered 10c 10 15c lower than equal kinds sold
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08

Cash quotations were follows: Flour steady
Mheat1No 8 spring. 7saSsc; No. red. s4%9
S619c. Corn-No 2. H1zc; No. yellow, 44lxc.
Oats--No. 2, 35q35hc; No. white. 3sikaS7jtc
No. 2 rye: 5lg5ilsc. Barley-Good feeding. $50
&c; fair to choice mailing. 43G15Sc. Flaxseed-
No. l. Gle; No Northwestern, 971kc Prime
timothy seed. s2:S5. Cover-Contract grade. Sill
Mess pork per bril- s1l 12isg11 Is Lard. per 100
6.29. Short clear sides Cboxed), s6121sa6 25
Whisky-Basis Of high Wines s1.27.
Recepts-Flour, 30 400 brls; wheat, 102 200 blu !;
corn. no. 900 blu; oats 2lO 200 bu; rye. 21500 blu:
barley. uS,Soo bu. Shipments-F'lour, 1880 brls;
wheat, 80. 900 bu corn, 137, 600 br oats, Oil 500
bu rye, 8, 200 bu: barley. IL 500 bu
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08
MONETARY.
Rates on Loans and Exchange-Clear
ings and Balances.

NEUTRALITY-SUSPICIOUS. paper 4as per
cent; time loans, sac per cent. Clearfn1s
81, los, so. 40; balances, $292, S952S.
NEW YORK.-Call money easy at 4lk6e Der
cent; ruling rate, S; last loan. A; closing bid 8;
offered at 4. Time loans firm; sixty and ninety
days, per cent; six months, 511 Prime mer-
camille paper. 6d61a per cent. Sterling exchange
heavy; actual business I'm bankers bills, S4 81 40
Q4S2% for demand, s479A4 375 for sixty days:
posted rates. s4S0lsq4S1 and S4S4a4 SAY; com
mercial bills, $4S7Z
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08

LONDON.-Money. 2Q3 per cent: discounts 4
and l5-l6Q4. Consols. SS%Gss 1915 per cent.
PARIS.-Three per rentes ssf I2.zc for the
account
BERL1N.-Exchange on London 20m I6kpf
for checks. Discount rates: Short and three
months bills, per cent