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The Indianapolis Journal in Indianapolis, Indiana

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Newspaper

The Indianapolis Journal

Location

Indianapolis, Indiana, United States of America

Date

Aug 04, 1901

Page

11

Wheat market report shows firm close and heavy seaboard clearances

Chicago grain trading opened with heavy clearances and a firmer tone as wheat moved higher and corn and oats gained modestly. September wheat advanced to near 60 cents, aided by anticipated large winter and spring crops and short-covering by traders. exporters reported several loads shipped while receipts and country offerings remained steady.

Chicago Liverpool Seaboard Minneapolis Duluth Iowa Ilinois Northwestern

Grain Market Holds Firm With Steady Prices

NEW YORK Aug 2 Flour receipts 13.8 percent bris exports 3 778 bris market steady to firm at old prices Winter patents 3 55 2 80 winter straights 2 50 Minnesota patents 3 70 4 winter extras 2 30 2 99 Minnesota bakers 2 55 2 16 winter low grades 2 00 2 72 Rye flour dull fair to good 2 70 4 15 choice to fancy 3 15 3 40 Corn meal quiet yellow Western 1 16 city 1 12 Brandywine 3 10 3 25 Rye firm No 2 Western c f o b afloat

New York Minnesota Tate Betton Bere Wuttale Buffalo Fo. B tMac Northern Duluth Hard Duluth Isis c Pacific Coast Galveston California Texas Buenos Ayres City Extra India Hama Japan T. Louis Liverpool Extra India Mess Prime Mess Western Cumberland United States London Atlantic Pacific Baltimore Western Kansas City Toledo Cincinnati Duluth Bard Northern Onts Minneapolis Milwaukee Semple Java Santos Prime Santos Priews Ariosa Lion Jereey Caracas Dilworth’s Mall Munch Gates Baecket Cartoums Columbia A Windsor Phoenix Empire A. i.Me Ideal Golden I.oic Rivewood Cassia aStec New Orleans

Commodity Price Snapshot From Market Report

Market notes show mixed futures with wheat and corn edging higher on harvest rains and export demand rumors. Spot values firm for No 2 red wheat and No 2 corn with several futures contracts closing higher after early softness. Prices for oats hides lard and dairy remain steady amid broad commodity movement across grains, meats, and refined goods.

Market Report Trade in General and Commodities

Flour prices hold firm with new red winter patents at 33,400 3.%), corn meal higher, wheat bids for No 2 red and No 2 hard. oats and rye steady. lard and pork steady. spirits of turpentine firm. butter firm. imports and shipments of flour and corn noted. London market shows beef, pork, bacon steady. tea and oils listed. New York metals trading subdued due to holiday proximity.

Bridge trouble and sparking suspender fears raised

Fragmentary notes discuss bicycle bridges, steel and tar on a Brooklyn bridge, and concern that a stamp stem crystallized under jars may snap a pipe stern. The text warns inspect broken suspenders and watch for structural issues in coming months.

Salt Lake Tribune Brooxlyn Bridge

A Week of Stagnation and Market Turbulence

New York August 3 reports a dull week on Wall Street with prices opening higher on light trading amid steel strike hopes, then drifting to session lows. Stocks such as United States Steel and St Paul rose briefly but heavy selling followed after the bank statement and July demand signals. the market remained narrow with mounting anticipation of a steel settlement, while bond activity stayed muted and speculative interest faded.

New York United States St. Paul Consolidated Gas St. Lawrence Wall Street United States Steel Corporation Pennsylvania Railroad Pennsylvania Coal Company Erie New Jersey Central Reading Southern Pacific Union Pacific Northern Pacific

Global Money Markets Mixed Across Cities and London Rates

Indianapolis to London money markets show varied rates with commercial paper and time loans quoted at 4.0 to 4.5 percent. New York posts bank bill rates, clearings, and balances. Chicago and other cities report exchange, money markets, and debits. Treasury balances show available cash and gold reserves, with weekly bank statistic summaries and imports of specie and dry goods.

Indianapolis Blances New York Prime Mercantile Steking Exchange Chicago New York Exchange Boston Philadelphia ST. Louis Baltimore Cincinnati London Bank of England Madrid Buenos Ayers Berlin Exchange Paris

New York Bank Statement Shows Boost in Loans and Deposits

The statement for the week ending today reports loans up by 10,853,900 and deposits up by 12,973,709 while circulation falls 4,708. Legal tenders rise, specie increases, and reserves grow, with excess reserves at 22,165,250 under the 2 percent rule. The Financier notes prior weeks' surplus and explains August timing and subtreasury cash flows may have altered figures. The First National Bank leads loan gains, likely tied to capital expansion and Bank of the Republic absorption, with broader bank movements tied to Missouri Pacific bonds and Rock Island stock issues.

New York Pueceese Yukon Missouri Pacific Rock Island First National Bank Bank of the Republic

Cooler weather boosts trade across multiple dry goods lines

Weekly market report through Aug 3 notes firmer provisions and steady prices in dry goods, drugs, hardware, and groceries as cooler temperatures revive demand. Grain market remains active with continued commodity bids, limited butter, and rising egg receipts. hay and corn show price tension amid forecasts of a strong harvest.

American Refining Company New York Cerea Indiana Ami Central

Dairy and butter markets across cities show firmness

New York Philadelphia Baltimore Chicago Kansas City St Louis and Cincinnati report steady or firm butter and cheese values. Western creameries and dairies supply prices range with fresh near by and exceptional lots noted. eggs remain firm in several markets.

New York Sielstge Imi- M State Pennsylvania Philadelphia Fresh Western, Inc Fresh Southern Baltimore Chicago Produce Exchange Ugibige Sy 10&c Kansas City Missouri Kansas Sc. ST. Louis Yegattee

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