The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-30
BROKERS VIEWS ON THE
WHEAT AND CORN MARKETS.
Wheat Had an Up-and-Down Session
Yesterday, with Armour Both Buy
ing and Selling-COrn Weak Late.
Meyer & Kiser.l

CHICAGO, Dec. 29.-Extreme dulness sue
ceeded the period of activity following the open
ing in wheat. To-day's market was largely a
local affair. pit conditions playing the leading
role in the of prices The bull interest
was active on both sides. taking the wheat from
on the rallies. The reduction in the final figures
given out by the government yesterday, dry
weather in the Southwest and lack of snow pro-
wheat area were the bullish helps There was
also a good deal Of talk of liberal purchases in
this country by Japan of both wheat and meats.
The Minneapolis and Duluth markets We're
ferent TO advance of yesterday, and Paris
lost most of yesterdays gains. Liverpool closed
Corn firm, the whole. but weakened
a little in the last half hour. The government
age in the States of commercial supply, the
production in the seven surplus States being
450 900 900 blu less than last year. and the sup
ply Of commercial corn is further reduced by
an unusually iArge PROPORTION of soft corn.
price in the ffties for months, and 1t does not
look reasonable. Under the circumstances. to
Iowa show that country dealers are finding
good demand for the new crop from feeders at
OF improving. We think the situation fully
warrants better values, and think II would be
we'll TO own a little May. Liverpool closed lower.
tPorterfeld & Co
CHICAGO. Dec 2s.-The crowd was bullish at
the opening of the wheat market the gov
eminent figures which reduced the crop some
twenty-one millions from previous estimates
This bulge carried prices up nc. but met with
plcnty Of selling orders Outside markets were
weak and time the decline was &c lower
in New York Cables hardly responded and the
local crowd grew bearish. But for the congested
situation wheat would have had 1c further de-
cline. Argentine cables report further damage
but our authorities claim that the exports
will be 10 per cent. greater than last year The
situation is puzzling and advices are swayed by
the sentiment Bull helps the war ruuors
and Armour's position. Other features are bear
ish.
Corn was strong early. and talk was bullish
Bartlett Frazier. Armour and others were cred
tied with the buying but with IL all corn barely
held it's own. Provision people were the sellers
Western offerings were light and created a bull
ish sentiment.
IA. r. Thompson e. Col
CHICAGO, Dec. 2e.-The wheat market showed
considerable strength during the early session
to-day. This resulted from the government final
figures, which were regarded rather buIlish
But the early strength the only strength
shown St Louis acted weak on its Nav and
New York had &c break on December and the
mood here TO sell The cables came barely
steady. although there a strong market
here Monday. The primaries looked large and
so did the Northwest Minneapolis was
OF the bull helps were in connection with the
possible between Russia and Japan and
related purchases OF -four for the Orient. The
speculative feature was the determined sup
port given the market by the leading bull in
terest. The seaboard reported loads
There has been good deal OF talk OF the bull
sort in corn. but prices have barely held their