The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-29
BROKERS VIEWS ON THE
WHEAT AND CORN MARKET
Wheat Was Strong Yesterday on
neapolis Led the Advance.
Meyer & Kiser.1

CHICAGO. Dec. 2s-The wheat market was
strong to-day without any very active support
from the bull interest. The news both foreign
and domestic. OF a bullish tenor, and was
the basis of the advance. From the Argentine
came word of unfavorable harvesting condition
and Russia reported navigation in the Sea of
Azof closed and prices active and advancing
Worlds shipments smaller than antici-
pated. English and Continental markets were
higher. and over all was the shadow of the
threatened trouble in the far East, which was
reflected in a drop OF Il to sic in British con-
soils. On this side Minneapolis took the initia-
tive in the advance. Receipts OF spring wheat
small and -four demand said TO be improved
mercial West reports the exports sales at Min
neapolis 91z per cent. larger for the month Of
larger for the first three weeks in December
than for the same period last year Stocks
at Minneapolis and Duluth are II. 900 900 bushels
compared with 16 SOVO 600 last year and "a 600 600
two years ago. Continued dry weather in the
Southwest was factor with the July option
which was in active demand from Commission
houses. Ninety cents was paid here by millers
for few Of No. red. During the last
hour selling by commission houses which sug
gested the bull interest and By the local traders
in the way OF profit taking, made an easier tone
Liverpool closed higher.
Corn was conspicuous for its strength. which
very we'll maintained to the close There
better and more general trade from com
mission houses and q number Of prominent in
terests were supposed TO be on the buying .ide
Country movement is light and there Is a grow
ing feeling that the farmer will hold corn M
the price nearly meets his idea and This
is advancing values and making a decidedly
bullish sentiment. Weather was clear and cool
throughout the belt and very favorable for rnoN-e
ment. Gables were higher. The local cash mar
ket was steady Eleven loads reported taken for
export by New York. Liverpool higher Local
receipts for three days 527 cars with 276
estimated for tomorrow. Primary receipts FOR
three days were lll7O0O bushels, compared with
74s. 900 bushels year ago.
IPorterheld & Col
CHICAGO. Dec 2S.-There was an active and
higher wheat market to-day. May got within a
shade Of $50 and July above 7sc The bears
the bulls and the commission houses were ALI
buyers. The worlds visible decrease was over
a million. In the last hour there was some con.
cession through profit taking but around tbe
close the same people were buyers again The
higher and Argentine weather unfavorable
There II nothing in sight from sellers stand.
point, and IL looks like the only profitable side
is to follow the sentiment and buy the market
Germ strong. IL opened higher and rad,-
ally advanced. Armour and Cudahv were hoth
good buyers. Locks like IL may go higher
IA r. Thompson & Col
CHICAGO. Dec. 2S.-There has been a stronr
wheat market to-day. The foreign advices have
had most to do with the strength. The Argentine
cables reported heavy rains the wheat
sections. There another drop in eonsols and
continued anxiety over the Russian-Japar
trouble. The Danube was reported closing with
ice. and Russian ports were also declared clos