The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-29
LDith the Grain Brokers';
Present Market Conditions

based on actual facts and that it's investments
In the market are rather those of a merchant
than a Spectator. It's interest is undeniably
very large and it is compelled to support the
market-there is the alternative TO night and
1t will continue to put up a strong fight The
short interest is said to be largely in Europe.
for other countries are shipping freely, and i'm
porters need not worry regarding American sup
be no famine.
Chicago Recold-Herald-If shippers here had
dry corn they could do large business in it
with the East and for export. But the anxiety
over the corn which coming in is increasing
Corn has arrived at the seaboard in bad con-
dition, and Liverpool reports some bad luck
with corn from New York The East is demand
ing kiln,dried grain but the elevator people
year. By the time the grain is dry enough TO he
seryiGeable 1t has become very chaffy and friabie
and by the time Ii gets to the seaboard IL Is
broken up 50 much as to be unsatisfactory.
sHeoa sr oe thiT eHpere1ce is shown in the
been taking the new corn are reluctant about
taking Il now and the poor new grain goes at
ing bought III Illinois at an extraordinary dis
count under the future. l2c to lac under
Meyer & Kiser have the following from Minne-
apolis, through Bartlett, Frazier & Co.'S house
lone of the largest line houses in the Northwest
says millers estimating only 20 per cent of
the wheat back in farmers hands. They are aft
grade better than the Minneapoli grade for
"Forty-fve per cent of -four shipments from
the West for export take the New Orleans
gateway" says official of the Illinois Central
road. The rapidty with which the Crescent
CITY is forging to the front as great exporting
center is truly marvellous. II ii keeps up its
present gait 1t will before many years ieave
New YORK and many other ports in the country
away in the rear.
Albert r. Thompson 0rom Finley Darrell &,
COIL don't believe it would be a bad idea 10
take the short SIDE putting in stop orders at
small loss One might get licked two or three
back all these small losses Think This anniisss -
corn and oats as well Markets all needed helm
yesterday. and they didn't seem to get it.
Speculation In coffee is attracting attention
few months ago the speculative grade was down
to &c. Wednesday January sold at 1900 The
bull movement is being led by New York coffee
houses, headed by Crossnan. Wall street IS
heavily interested on the bull side LOYAL Smith
is long big line bought about &c lower than
the present price to hedge against sales OF
wheat in Chicago Dan Sully the cotton specu-
lator. heavy bayer yesterday The Sontb
is getting largely Interested in coffee playirg
the prohts made IN cotton on the buying side
one local trader is long so 900 bags with a.
profit. few years ago Colvin. the coffee ma
ran corner In New York and made 81 O0l COR
Interested on the buying side and have been FOR
over three months reaping big profits The Price
has been the lowest on record for year IL
used TO be considered that &C was an extremely
low ngure. but several years Of large crcps in
Rio have depressed the price. There has been
a steady reduction in the crop from 10 500 Ooj
bales IL l9Oi-lS2 10 - $50 bales in 1902 s03
10 liGo0 900 bales in 90S-l90i and IL Is predicted
that the growing crop VIII not be over @ 500. 600
bales. and some estimate u at only $500 coo bsire
For a few days there has been heavy selling
tor profits, but set of longs have bought
and prices have not been affected
a. w. C'Sandy'D Thomson.-Thursday's mar
ket was small. 1t acted very nervous at times.
1t is said the house OF Armour is stll PLAYING
with the Mey option. As long as Armour Is In
the game the little fellows better stay out.
They sometimes rough IL. July and September
wheat be sold hard spots FOR moderate
profit. There IS change particularly In the
Wednesdays close. l still regard as an
, investment, and il should be bought on the
breaks. one take profit and sell short for
moderate reaction the bulges. but do nor
get short looking for big money on that side
In provisions the market less active and a
shade easier. The gossip reports packers free
sellers of the products yet the quotations do not
well take profits that accrued. / would
not recommend the short side. Think a break
would be stimulant TO the market There Is
an old saying in the trade. A market that can
not be buled ought TO be sold" While pro-
visions at "a standsti IL looks like one should
follow this rule. For my part I prefer standine
aside. and buy IT, II the break comes