davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03

The Indianapolis banks report comparatively
small demands for money from their country
correspondents. The demand is just about nor
NAL for this time of the year. 1t is expected
10 indianapolis from the State during the
first six weeks of the new year.
xxx
Local bankers advised yesterday that
there is an easier tendency in the Chicago money
market. The interest rate with most OF the
Chicago banks Is off about Il per cent.
XXX
1t is believed the National Biscuit Company,
considerable of which stock is held by Indian
apols capitalists and investors. will make public
this week what may be considered the best an
nual statement in the history of the company.
according 10 dispatches from Chicago. The earn
ings Will show an increase over last year.
There is a good deal Of talk from New York.
over brokers' wires. to the effect that the div
idend the common stock of the United States
Steel Corporation will be passed at the next
meeting Those in close touch with the Steel
Corporation say 1t is the plan of the company
of $3.50. 900. and that not until this sum has
been raised will any action favorable to the
common stock be taken.
The heavy buying of bonds for foreign account
is attracting considerable attention from Drok-
and bankers During the last week foreign
houses have taken about "a. 000, 900 of American
bonds. This strength of American securities in
Europe and England has considerable TO do
with the bullsh tendency of the stock market.
Meyer Kiser have the following from their
New York correspondent: Firm money rates
are expected throughout this month, but with
the January disbursements over per cent.
money is expected. making the basis for con-
siderable rise in stocks"
XXX
good many local fnanciers do not take this
view Of the monetary situation Although 1t is
the general opinion of the leading bankers and
brokers OF this city that money will not be
tight" the opinion does not prevail here that
the rate will be low as per cent. very
early in the year.
A conservative Wall-street house says: THE
activity of Sugar Refining stock at ad-
vancing prices is attracting considerable
attention IL is reported by those In
the inside Sugar circles that the stock has
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03
Local Financial Gossip;
Bankers and Brokers' Talk

been bought for month by the present man,
"A And there Is talk Of
bullsh this stock.-AIbert r. Thompson
& Co.
indianapolis brokers received numerous tips
during the morning yesterday to buy Sugar. In
the last half hour of the session the stock made
a good advance.
A. W. Thomson has the following from his
wall-street correspondent: Foreign Trade As
ISOLATION is taking steps to get reduction on
on American stocks. Expected st. Paul october
statement will show small increase in gross
earnings and decrease in the net. London
money market outlook improving"
1.-THE thing which strikes me particularly
significant is the slow and conservative way
stocks are starting upward said Sol Meyer.
Analysing the market carefully there is no
reason to feel other than confident in an ulti-
mate betterment of a substantial nature.
1.-The local securities market il active as
any one expects at this time OF year. said
Newton TODD yesterday. Local stocks and
bonds aren't very active now, but this need
not be discourag,ng ior TINS Is Always .ne Ronds
and stocks will become much more active early
in the new year consider S new Long Dstsn o
the market at present"
According to reports in financial circles Del
aware and Madison County Telephone Company,
whose stocks are dealt in on the local Stock
Exchange, will declare dividend at the next
annual meeting The company is doing large
business.
Wall-street wire says United States Steel
preferred will go from to 10 points higher as
"soon as Morgan gets through peddling out
Steel. There Is even talk of @-point ad-
vance In the preferred within 80 days.
Not Industrial corporation Of much ,mpor-
ance was formed during November. 1t is evil
dent that the movement toward the consolidation
of industrial interests Is at an end
Much interest is taken In the heavy transfer
of currency to San Francisco the past few days
through the subtreasury at New York The
shipments this week amount to 81. 1000 There
is now on the way to San Francisco from japan
$3.50, coo of gold.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03
LL,ith the Grain Brokers;
Present Market Conditions

Unless receipts OF wheat much heavier
than expected tomorrow and Saturday local
stocks of wheat will decrease between $1,000
and $4,000 bu this week. 1t Is thought No
wheat has been received in Indianapolis thus
far this week. which will show In the report
of stocks Saturday II the public receipts
amount to 10000 bu for the week. they will be
considerably larger than the outlook promises
The mills are using between 5000 and CO. 600
bu a week. The stocks last Saturday were
around 10000 Blu. small decrease from the
week before.
"a good deal more wheat has been shipped
here from Chicago this fall than during the
same period last year. yesterday said @. s.
Warren secretary of the Indianapolis Elevator
Company don't think the local receipts this
week will amount to 10000 bu''
XXX
There are about 175.0o0 bu OF wheat In Ele-
vator A. as compared with $4,000 bu last year
at this time. There hasn't been anyways near
ly as much Indiana wheat shipped to Indian
apolis this fall as was the case last year, and
IL the stocks of wheat from this State in the
Elevator A at this time compared with
the stock of the same kind last year the first
of December the showing would be vastly in
favor of the 1902 stocks. The reason the stocks
the stocks at this time last year is that the de-
crease in the amount OF wheat from this sec
ton has been made up by shipments from other
markets.
The fact that no wheat has been inspected
here this week and no receipts have been
recorded by the secretary of the Board Of Trade
cannot be taken to mean that there have been
no shipments of this cereal to Indianapolis
this week Millers receive grain every day
from outside markets which come here on the
foreign inspection and Is not taken account Of
by the Board OF Trade. The millers buy good
deal OF wheat this way.
There is significant wheat news to-day.
unless ii be tho government report the win
ter CROP" Noyes wires Albert r. Thompson &
Co. This report is not satisfactory in of
the important features. Corn shows strength
except sympaiheticaly. Its natural tendency
seems be downward"
All the cash grain dealers in hearty ac-
cord with the movement OF shippers generally
to fight against the injustice done them by the
Car Service Association. Edward W.. Bassett,
w. III. Cooper and John Gray among the
prominent grain dealers who were present at
the formation OF the Shippers Protective
ships of the inadequacy OF the railroads to
handle promptly when they reach Indian
apolis and when they consigned out OF
here. have always fallen heavily upon the
grain men any other class of shippers The
movement to secure more just treatment from
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03
Early Buying by the Leading Bull Tn
ports of Crop Movements.
CORN SHOWS A SMALL GAIN
SCANTY OFFERINGS AND GOOD DE-
MAND CAUSE FIRMNESS.
Oats Also Close at a Fractional Adj
vance-Al1 Hog Products Are Firm
and a Little Up.

CHICAGO. Dec. Am increase in the world s
visible supply, small clearances and large pri-
mary receipts brought out liberal commission
house selling of wheat to-day. Although the
market received some support from the princi-
pal bull operators. the close easy. May being
of ssGhc. Corn was up A@%c. oats were 80
Nc higher and January provisions were from
2hc to 1Oc higher.
Liberal buying of May wheat by the leading
long caused a firm feeling in that pit early in
the day. the opening being a shade lower to
1sqAc higher at so7sc to s11sc. Commission
houses took advantage of the slight advance and
sold freely and this was followed by selling by
local traders. While the big long open
buyer the first part of the session, reports were
circulated the floor that he was selling
through brokers and these rumors started an in
creased selling movement. which resulted in
weakening the market May declined Sohc
The domestic situation was less bullish than OF
late. primary receipts being larger, clearances
small and outside markets easier. Although there
was some recovery during the last hour the
close was easier, with May off %61zc at S01kc
Clearances Of wheat and flour were equal tc
265,SOo bu- Primary receipts were 1921. 800 bu
against $4,000 bu year ago. Minneapolis. Du.
luth and Chicago reported receipts of S36 cars
against 1856 last week and 667 year ago.
Scarcity of offerings. with a good demand fol
shorts, created firm undertone in corn. Com.
mission houses were liberal buyers and selling
was mainly by scalpers. Shipping demand was
good and while there were reports of increased
country offerings receipts continued small. May
sold between 42Q42fsc, closing with a gain Of
Aa%c at 423sc Receipts were 100 cars, five OF
contract grade.
Oats were firm, partly in sympathy with corn
although good cash demand and light re
ceipts helped support prices. Buying of botf
December and May by commission houses
noticeable feature late in the day. After sell
mo net Ma clos of
1sgAc higher at S57sqssc. Receipts were III
Provisions were easier early in the day OIL
liberal receipts of hogs, lower prices at thu
yards and larger stocks than had been ex
pected. Later the marker hrmed up buyn,
by brokers supposed to be for packers. and Gov
ering by shorts also helped the advance Tn
close firm with January pork up 10c a
s10.97la. lard 2izc higher at s6.42, and ribs ~
better at $5S11.
Estimated receipts for tomorrow. Wheat
$50 cars: corn, 49, oats, 100; hogs, &c. 900 head
Leading futures ranged as folloWs:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03
AT NEW YORK.
Strong Upturn I'm Coffee, I'm the Most
Active Market for Years.

NEW YORK. Dec. 2-Flour-Receipts. 1850
brls; exports 65s brls: sales 10 800 brls; steady
and unchanged. Buckwheat -four frmer at s.. 50
@2.35. Rye firm; No. 2 Western. 6s%c T. o. b.
afoat
wheat-Receipts. s4575 bu: sales Is14ooo bu
futures, 1901 900 bu spot. Spot dull; No red
SSAc elevator; SsAc f. o. b. afioat: No. northern
Duluth, 91kc f. o. b. afoat. Options opened
steady but weakened and were easy ali
day under bearish pressure. large interior
receipts. unloading and poor cables; closed at
Nc net loss May, s4AGS4xc. closed at S4AcI
July. sO1sGso7sc. closed at Sohc: December. Ss14
QSssc. cioseo at ssAc.
lures Spot firm; No. 2, 4sisc elevator. Sic. TO B.
afioat; No. yellow. 52%c; No. white 50%cl
commission house support strong cables and q
small movement. closing 4sQhc net higher May
4ska4slsc, closed at 4sasc; December. 4s51@4szcl
.oats-Receipts. $4,000 blu. Spot easy: No. 2
white. 42lAc; No. 8 white. 4clzc; track white
IG45c.
Pork steady; family. SIG. %; short clear. SIS %
1850. Taliow firm: city, 4I-1ec; country. 4z@
Cofee-spot Rio Arm: No. invoice. eye Mild
steady; Cordova, 7&a12Ac. The market for fus
lures opened steady at an advance OF points
and ruled unusually active and strong on further
demand from Wall street bull interests and
leading importers. who apparently were operat-
ing aggressively the bull side. There was
heavy realizing by small longs. but these Offer
ings We're promptly absorbed and prices showed
strong upward tendency. The demand waa
swollen toward the close by active coverings
by houses with European connections and In
the last hour trading was more active than
for years past. There nothing of special
interest In the news. Foreign markets were
nrm and primary receipts continue under lass
years with the trade looking for a decrease
in the worlds visible supply. which the bulla
position toward more bullish figures Not only
was the market more active than any of re-
cent times, but the prices on options
sold about the 7-cent mark for the first time
in about two years. The market closed firm
net 15Q25 points higher, with the sales
a matter of 277. $50 bags. including: Decembsf
590G6 l5c; January. 6.l0d6. 25c: February 6.3O6
as 75c; July. 6.70dos0c; August, 6.75d6 sc: Sep
TENDER, 6.S5G1.o5c; October. 6.s0q7 10c; Novens
Der 7G7.15c. +
Sugar-Raw nominal: fair refining s-led
SAc; centrifugal, So test, 311-16c; molasses
sugar, l5-l6q3c. Refined quiet; crushed 5.05c
powdered. 455c: graduated. 445c.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03
-Representative sales.-

Cattle-Receipts. 1000; shipments. 300 The de-
yelopments IN the cattle market the past two
days have been surprise to most dealers. and
especially TO statesmen. The early part OF the
week the conditions were favorable for a good
trade this week, but for some reason this has not
materialized Receipts small
The market opened to-day with nearly sll the
regular buyers In the field, but there seemed 10
be no important demand for any class OF cattle.
and The start was very slow Buyers seemed to
be willing TO pay about steady prices for num-
Der of cattle that just suited their fancy. but
were not inclined to be liberal buyers at any
price. Therefore IL quite difficult to con-
summate sales and prices were usually below
expectations After considerable hard work
statesmen succeeded in transferring good many
cattle. but they not very well satisfied with
prices. although IL was generally admitted that
GALES were. II any different. not great deal
lower than the close of last week. There
evidently a little better outlet for heifers than
there has been for several days. but prices were
better.
The plain fat cattle had 10 sell at low prices
and there only a moderate demand for
stockers and feeders at about former prices.
Bulls were steady and the calf market was also
steady compared with yesterday. Although quite
a number OF cattle sold. the demand was
equal TO the entire supply and number
had 10 be carried over consisting principally OF
stock that below the requirements In some
particular. Quotations:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03

the Car Service Association will be actively
supported by the majority Of the grain men.
XXX
OF conditions in Indiana the monthly crop
bulletin issued by the government Weather
Bureau. says: Month dry: first half warm
and last ten days unusually cold; conditions
favorable for gathering corn which work is well
advanced; wheat mostly short and thin on
ground; the crop suffered from moisture and
also; light snow covered ground generally et at At
end of month Stock water short in some
The December wheat bulls In st. Louis have
had most of the contract stock in that market
delivered to them already 1t is reported One
estimate of the total stock of No. red there
placed it at 1900 bu, Another advice says
outstanding This indicates that the line of
December held ID BY Spencer and his crowd is
One of the leading st. Louis houses wired A.
w. Thomson as follows. yesterday: 1.-THE peo-
pie from whom Spencer and his crowd bought
December wheat have delivered all they had
and It is paid for. Everything quiet here -
The ST. Louis market closed strong yesterday.
XXX
Clearances Of wheat yesterday amounted to
2oe. 400 bu. OF -four 1851 brls of oats 5.12s bu
Primary receipts OF wheat yesterday amounted
to 1291. 900 Blu. Of corn 067. 900 blu. This Is an
increase IN wheat anu a decrease IN corn from
last year.
Bradstreets says wheat stocks will increase
1S24O 900 bu for the week.
OF the situation in indianapolis the North
western Miller says:
THE toughest problem the millers have to
face is how and where to get sufficient supplies
to carry them through till next spring when
they believe the farmers will let 60 some of
the grain they now holding At present the
millers drawing heavily on their reserve
stocks, but they dare not think what will hap
pen when their stocks are exhausted The new
wheat went into winter under exceptionally
favorable conditions and this should certainly
have the effect OF causing freer movement OF
grain, but up TO now nothing has happened.
Reports from all sections OF the Ohio valley
regarding the newly-sown crop are favorable.
Indianapolis mills operated steadily last week
making a good average run. The amount OF
business booked. however, did not take care
of the -four manufactured. This was probably
owing TO the frmer wheat markets toward the
end OF the week.
George T.. Evans. of the Hoosier State -four
mills. says: I'VE have been running full time
mostly old business. selling less than our
output the advance in markets having checked
transactions II Is difficult to make buyers un-
derstand the relative scarcity OF soft winter
wheat Very little is offered from country
points, anu what there is is sold 10 country
mills or Southern mills at higher prices than we
can afford to pay Demand for feed is also
quiet at unchanging prices. Growing wheat Is
reported In good condition.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03

Cash quotations were follows: Flour was
quiet but firm. Wheat-No. spring, S0Gs4c
s2,zs; No yellow 4a54s. oatsmNo: 2. s51ze; No
ing. S4@35c; fair to choice mailing. 4ld54c. Flax
seed-No. i. Ole; No. Northwestern. ss1ac.
grade. si1. Mess pork. per bri. sii. Ill Is
Lard. per 100 lbs, s6.5OQ6.5ah. Short rib sides
nooses Sc 25Gs sly Dry,saited short clear sides
wines. S.27.
Recepts-Flour, IS, 200 brls wheat, 212 COO bu:
corn, 20s 200 bu; oats. 357 400 bu rye g 100 blu:
barley. 2o5. 200 bu Shipments-Flour. 1880 brs:
wheat, l6s 100 blu; corn. III 800 bu; oats, 24S200
blu. 3. 600 blu. harley COO hu
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03
Oils.

OIL CITY. Dec 2-credit balances Hs7; GER
tificates. bid. shipments. Dec. l. SO ss5 bris;
runs Nov. 30. $3.50 brls; average. 90. f21 brls;
shipments U.ima), Dec. I, S&27 brls: runs
uima). Nov. 30. s4.1ss brls: average. SASH brls
SAVANNAH, Dec. 2-Turpentine firm at &c.
81 so: II. SEQ: 1. sass: X. $50: NJ 500: "
s.. 20; window glass. So %; water white. $3.50
WILMINGTON. Dec. 2.-Spirits Of turpentine
nothing doing. Rosin steady at g 10. Tar Arm
at $50. Crude turpentine firm at s2.2s. $50
and $3.50.
MONTPELIER, Dec. 2-Crude petroleum
strong and higher: North Lin a, S1S7 South Lima
and Indiana. s1.32.
CHARLESTON. Dec. 2-Turpentine steady at
551sc. Rosn steady.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03
BROKERS VIEWS ON THE
WHEAT AND CORN MARKET.
Wheat Irregular and Nervous, with
Tendency to Selling-Further Liqui-
datiOn-Strong Corn Session.
Meyer & Kiser. Indianapolis

Meyer & Kiser. Indianapois.l
CHICAGO, Dec. 2.-Wheat was irregular and
nervous again, with tendency to sell off,
There further liquidation by longs on a
report Of an increase in country offerings in the
Northwest. The chief long interest supported
prices at times the breaks, but as soon as
active buying from that quarter ceased, the
market turned weak The trade was light and
wholly of professional character, the outside
public taking no interest whatever Receipts
In the Northwest were moderate, but heavy in
the Southwest. The government bulletin reports
an unsatisfactory condition Of winter wheat be-
wheat We're delivered on December contracts in
Minneapolis, and all Of it was taken by the
for movement s and our Argentine cable reports
Independent Of advices from this side
receipts. Improved demand for arrivals and
small and sentiment largely independent of the
weakness shown at times in wheat. There is
sales. The December crop bulletin REPORTS
favorable weather for husking. but the condi-
ton Of the crop irregular
IAlbert r. Thompson & Co.. Indianapolis
CHICAGO. Dec 2--There has been rather
easy wheat market to-day. Prices here have
declined about half cent the December The
July holds firm. The Southwest receipts are
large. compared with last year. There was a
offerings and an increase in the amount of
drafts Of consignment. Yet, as usual North
west news came both ways.
,lPerterheld Co.. Indianapolis
CHICAGO. Dec. 2.-There was a rather weak
tendency to wheat, but the news was so con-
fcting from the Northwest. relative to move
ment that the pit mixed all day. After
the opening Armour brokers open buyers
but the crowd suspected that there was as much
selling under cover. Cables were weak and
showed no sympathy with advance. The
Southwestern movement was liberal. Argen-
tine reports rain and cloudy, but to us IL looks
like average crop with exportable wheat
around 100. 600. 600 hu Ultimately wheat will sell
much higher, but IL looks rather heavy and
may decline 1c or more this week
Corn strong wheat weak and
advanced about 1zc. There We're rather light
offerings at times and commission houses were
liberal buyers. Shipping demand shows inn
will do better.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03
BIG DAY IN COTTON.
Report May show Crop
of Nearly 10000. 600 Bales.
ALBERT r. Thompson & Co.'s W

= ALBERT r. Thompson & Co.'S Wire1
= NEW YORK. Dec. 2-To-dsy's cotton market
aoroke all records in the extent and variety Of
..the trading Buying during the morning was
nquite general. but towards noon IL was con-
fined entirely to shorts and the early morning
seliers- The local and New Orleans bull cliques
Bare credited with having sold heavily and other
song interests sneeavored unload whenever
opportunities offered.
y very heavy selling movement developed after
Spcrt was considered a market guide. but was
tof little value. there being no figures or prev
$i0us years with which TO compare. II was
khexertheless made the tasis Of a selling. which
tcarried prices down sharply. Many well-in-
formed members Of the trade believe that this
4FepOrt will indicate a crop OF 10. SOC. 900
&bafes and II this prove correct a sharp break in
.Drices Il looked for The range:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03

NEW YORK. Dec. 2-POuItry-Alive steady:
chickens 10isc. fowls. lfiSc: turkeys I2c. Dressed
weak. Western chickens, lSlzc: fowls, 13c; tur-
keys, 15G17c.
BOSTON. Dec. 2-fSpecial l-Poultry easy:
fowls. 134l4c: springs. la 15c: turkeys Isc
Eggs steady at 2SG30c.
ST. LOUIS. Dec. Poultry steady; chickens
&c: springs, TIC; turkeys. 1oisc: ducks, Ice;
geese, SC.
CHICAGO. Dec. 1-Poultry-Iive turkeys
steady at 9qloc; chickens firm at Sl1asc; springs.
Sikd9c.
CINCINNATI. Dec. 2.-Pouitry firm; hens and
springs. Sc: turkeys. l2c.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03

NEW YORK. Dec. 2-Butter-Receipts. s.s22
packages Market firm; extra creamery BE:
creamery cream common to choice. lsq24kc; stats
dairy, l5q2lc- Cheese-Receipts. 1854 packages.
Market Mar frm State fun cream, fancy small col
white, September. 12c; late made, IoIlc: largs
colored, September 12c; late made 1OIlc: large
white, September, 12c late made, IOllc Egg
Receipts. 6,o96 packages. Market firm STAT
and pennsylvania nearby average best ale.
Western extras. soc; Western thirds to seconds
27d2Sc; Western firsts. 2sc: REFRIGERATED 22Gasc
State and Pennsylvania seconds to frsts ga zoe
PHILADELPHIA. Dec 2-Butter Arm:
prints. 1c higher; extra Western creamery 3
4271zc: nearby prints &c. Eggs steady: fair
demand: fresh nearby. Bic loss of: Western
soc: Southwestern. 2sd30c; Southern asc
Cheese steady; moderate demand; New York
creams fancy. 11xc; choice. Ike fair to good.
10S61lAc.
CHICAGO. Dec 2--on the Produce Exchange
to-day the butter market was firm; creamery.
lsQ25c; dairy. l4d2lc. Eggs easy at 2s6i25c Al
the mark. cases inclused. Cheese steady at 1olS
l0lzc.
KANSAS CITY. Dec Eggs firm; Missouri
and Kansas stock. cases returned 24iLc. neu
No whitewood cases included, 25c
ST. LOUIS. Dec. 2-Butter steady: creamery
2od26hc: dairy. 15d2oc. Eggs higher at CSC loss
on.
CINCINNATI. Dec. eggs steady at 2sa2sc.
Butter steady. Cheese steady: Ohio fiat, l0izc !