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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 26, 1903
Page
10
Local wholesale notes a Liberal supply of potatoes and increasing vegetables. Receipts of grain were lighter than Monday’s 86 carloads. irregular corn shipments surprise dealers. Wheat remains scarce despite high prices. Oats remain in strong demand and fetch quoted rates from the Board of Trade secretary.
The report details wagon market offerings and prices for corn oats and hay with totals of 75 loads. It lists wholesale and retail prices for goods including grains nuts spices coal and groceries and notes overall market closings and trading mood driven by yacht races and foreign interest.
Union Stockyards in Indianapolis reported strong demand for heavy steers and higher prices for hogs, while sheep slipped. Cattle receipts reached 1,100 with fresh shipments. good to choice steers topped at higher quotes though overall gains were 10 to 15 cents from Friday. Female cattle cooled, with many cows and heifers selling weaker as supplies grew.
Indianapolis reports commercial paper at 4 6 percent and time loans 5 6 percent with clearings at 831143.89. New York money on call easy at 1 4 2 percent, closing 1gu2. Sterling exchange softer with bankers bills around 4.86 and 4.83 for sixty day bills. London silver bars 26d. New York bar silver 56 4 %c. Paris three percent rentes at 97.65. Washington treasury balances show available cash 228,960,586 and other figures ending with 100,306,152.
Private wire reports a slow morning with restricted clearings and little liquidation. Afternoon activity lifted prices as shorts bought, bear interest rising amid a favorable government crop report.
Meyer and Kiser report no variation in the dull market. Professional operations dominated, with general indications of inactivity and no outside business. The session opened with slight strength tied to London, then thin activity as stocks declined fractionally, with a few down a point or more.
Hogs receipts 6000 with active demand from outside buyers and local packers seeking light weights. prices rose by about 5c from yesterday with quotable strength. Cattle and sheep markets mixed, Kansas City reports steady to lower cattle and strong hogs. Chicago and New York show steady to lower trends, with varied lambs and sheep movements and notable price shifts across regions.
Indiana crop report notes a week of fair, clear skies and cool temperatures. W T Blythe, director of the Weather Bureau Indiana climate and crop service, reports conditions favorable for growth though nights remained cool.
Report details uneven corn development across central to northern areas with late varieties at risk from frost between September and October. It notes lighter rains improving some fields, heavy rains causing damage in Jasper Cass Kosciusko, and fruit crops ripening while cucumbers and early potatoes move to market.
Chicago reports weaker prices across grains with corn and wheat showing declines. September contracts fell, oats and pork also down while receivers monitor weather and crop reports. Local receipts at several points rose as Armour supported prices during the session.
In New York on August 5 the market showed dull and largely unchanged tone for flour receipts totaling 22574 with exports flat. Rye flour and cornmeal held steady while rye and barley posted little movement. Wheat receipts were 1555 with spot demand soft. No 2 red and No 1 northern Duluth bids afloat, No 1 hard Manitoba held at flat to afloat levels.
Quotations from St Louis Boston Cincinnati and other markets show mixed movement. Prices for flour corn wheat and oats are listed with varying cash and futures figures across multiple exchanges and regions including Kansas City Louisville Cincinnati and Duluth. The notices include receipts and on track figures and regional price levels for staple grains and related commodities.
Daily market notes from New York Philadelphia Chicago Kansas City Cincinnati St. Louis Louisville and Boston show butter firm in several regions with varied creamery and dairy quotes. Cheese and eggs move unevenly across markets while wool prices hold firm despite plentiful supply.
A collage of Aug reports lists poultry prices for Western, Chicago, Cincinnati, Boston and Louisville markets, with notes on dressed fowls, spring chickens and turkeys. Also shown are various regional prices for cheese, rosin, turpentine, cotton, and metals with brief quotes from New York and Savannah market observers.
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