The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-22
BROKERS' VIEWS ON THE
WHEAT AND CORN MARKETS.
Prospect of War Between Russia and
Japan Continue to BE Large Factor
I'm Wheat-Corn Declines.
MEYER & Kiser.1

CHICAGO. Dec N.-The broadening trade and
the uneasiness In wheat on the part OF the
shorts. Characteristic OF Saturdays session.
were lacking to-day. European markets exhibited
some uneasiness over the Russian-Japan war
possibilities Liverpool closed higher and Paris
from hd2c bu up partly in response TO our
advance of Saturday. The latter was the most
influential bull news and resulted In to-days
high figures. The local crowd were bearish. after
last weeks advance. and thought the break would
be beneficial and in order. The attitude OF the
to have marketed considerable wheat. The Ar
gentine news was Of both sorts cable via Law
New YORK reports conditions favorable. In the
winter wheat belt the OHIO valley is getuns
needed moisture. but Kansas and the South
western receipts were larger than anticipated
AT 500 cars. compared with 5N cars week ago.
and an IL io7s last season Minneapolis wire says
that fully 200 cars OF to-day's arrivals are the
result Of cleanup on the Great Nortnera. "A
short stun from the professional element Inc
buying was somewhat difncult 70 trace put Sa,
side TIE Weakness In wheat was factor IN me
Changed. Weather is clear and cool. There Is
some Improvement In the domestic demand ana
the country sgss TSe oeaf cash market
firm for yellow corn. but weak and from ! 20
&c bu lower for the of grades The Liverpool
market was higher
IPorterfeld & Col
CHICAGO, Dec 2l-The bullish news on wheat
to-day was higher cables. a decrease in North
west receipts and reports of continued
prospects Of war between japan and Russia.
Trading was on a small scale. Buyers are pretty
we'll loaded up and the bears have sold them
selves 10 a staudstill. The early market was
strong and recorded new high price Tor the
Nav ssac The visible showed a small Increase.
but as paradoxes the rule IN wheat. the
market sold OF 1c. IL other predictions are un-
certain one cannot tell what the market In wheat
will do. This much Is known. the Armour In
terest controls the market
IA r. Thompson & Col
CHICAGO Dec. 2l-This has been day Of
more selling pressure than buying in the wheat
market The market had some support from the
continued uneasy feeling the differences
between Russia and japan. The worlds ship
ments were TO- 40s 900 bu. largely from India and
Danube. The visible supply Increased only 1sS
600 bu. The Argentine cables reported continued
unsettled weather There was considerable Ar
in narrow limits. This interest sold the market
on the advances and bought IL on the breaks
IL was a holiday state OF trade
There has been an easier corn market for both
the futures and the cash The cables were
steady 20 nc lower and the futures were . 10
&c lower with the December OF the most There
was pressure on the December because or the
liberal estimates and IL increased its discount
under the May The feature OF the speculative
market was the selling OF the May by the pro-
fessionals. Howe. Wells. Cpdike and others
Gables higher. The demand for corn was
through commission houses