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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jun 04, 1903
Page
10
Heavy rains over the last two to three days cut receipts of all cereals yet a good demand remains at quoted prices. Bidding on call shows Shove market ready for all cereals amid higher berry prices and light grain markets.
A detailed price sheet lists wheat, corn, oats, hay, and wagon-market quotations. It notes strong wheat and corn values, varied grade yields, and farm shipments hindered by wet weather as 112 wagon loads arrive with corn at about 40 42 cents per bushel and oats around 21 cents.
New York June 3 stock market recovered midday from a weak opening but losses returned in late trading as professionals took profits. St Paul fell while Canadian stocks led a rebound, rails gained on hopeful labor talks, and gold demand for export loomed. Bond market remained firm with total par sales at 2,485,000.
The Indianapolis Stock Exchange was quiet with no reported sales yesterday though bidding remained spirited and stronger than Tuesday. Highlights include Belt Railroad common 109, Brown Ketcham Iron 106, Indiana Hotel Co. pret. and various Indiana financials and utilities showing activity amid unsettled conditions.
Indianapolis reports commercial paper and time loan rates while New York notes steady call and time money with prime mercantile paper and sterling exchange. London and Paris currencies ease, silver prices hover. Treasury balances show a cash balance of 105,337,616.
Union Stockyards Indianapolis June 3 cattle receipts 1,250 shipments 30. Market open with buyers but ample supply and weak reports from other markets pushed prices lower. Heavy steers and female butcher cattle weaker, prime light steers scarce, demand for feeding cattle soft. Quotations listed by weight and class, with several lots sold at slightly under yesterday. Hog receipts 11,000 shipments 3,000 largest of the year, market eased as buyers urged by weak world markets and shippers’ demand. trading unsettled, prices lower overall.
Feera 9S Encares Good and the Quotations discuss sheep sales, prices, and demand at multiple markets. It notes improved local demand, steady outside requests, and generally favorable seller conditions with lamb and sheep pricing ranges and horse sale results from Blair-Baker and Interstate yards.
A Buenos Aires correspondent reports that Argentina Chile and Brazil are negotiating a three nation alliance to resist European intervention. The alliance would pledge mutual aid if any allied republic faces a threat to sovereignty from a European power.
Poem fragment depicts relentless rain and wind sweeping from the north and west. A storm shadows the Kaw as dawn comes like a specter. A drowning child and a ruined home evoke plea for aid and human pity from brothers and God.
In New York trading, wheat faced a pullback while corn held firm and closed higher. Wheat receipts reached 62,025 bushels with spot No. 2 red at 84% to 86% f. a. b. afloat, while July and September futures fell before trimming losses. Corn supplies totaled 61,990 bushels with spot No. 2 at 59 to 61 cents and futures ending modestly higher. Prices for oats, rye flour, and other commodities showed mixed moves against a backdrop of improving weather and market clearing activity.
Trade in general reports dull to mixed across staples with flour prices steady to higher and grains showing small gains. Wheat and corn futures mix with quoted cash and track figures. lard and bacon soften and whiskey remains steady while hay and bagging hold near current levels. Freight and shipment figures for flour, wheat, corn, and oats appear, with Louisville noting No 2 red wheat prices and red prices for longberry.
$50,000 tax free City of Indianapolis school bonds referenced with names Newton Todd Testo Fletcher Bank Building and Rye firm. Mixed commodity market notes follow including wheat, corn, sugar, butter, cheese, poultry, lime, and cotton trends across Liverpool, Milwaukee, Toledo, New York, Philadelphia, Chicago, Cincinnati, Louisville, Boston, St. Louis, and Charleston with various price indications and market activity.
Real estate instruments filed for record in Marion County Indiana during the twenty four hours ending 3 p m june 24 1903 list numerous transfers. Properties include lots in Douglas Park Fletcher s Woodlawn West Indianapolis Clark Osgood additions and other city blocks with buyers and trustees named such as Wallace Scowe Brackett Meade and Henry Robucnannay. Total consideration listed as 2500.00.
Olive M. Hill seeks remodeling at 207 ethetontaiary for a Saltte W. Barbour cottage corner of Blackford and North Peo. The Sisters of Providence repair work and other house improvements noted along with various entries for Carke dwelling on Talbott Avenue.
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