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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jun 11, 1903
Page
9
Receipts of grain were disappointing with a brief uptick last week suggesting broader offerings, but this week volumes have fallen off and do not meet demand. Traders and merchants note reduced shipments and cautious buying as markets adjust.
Quotations are reported by the Board of Trade with wheat No 2 red at Tic for milling, corn stronger with No 2 white at 4c and No 2 mixed at 47 1 2c, oats firmer with No 2 white at 38 1 2c. Hay steady at 15 50 for timothy, 14 90 for prairie. Wagon market offerings fair with corn 41 1 2 to 41 5 8 per bushel and hay around 6 to 7 per ton.
The listing details current wholesale prices for poultry including turkeys hens cocks ducks and geese, along with butter cheese hams lard and various dry goods. It covers meat and produce costs per pound or per unit, with many entries showing regional or market-specific rates and packaging notes.
Heavy liquidation and quick covering in the New York stock market produced violent price swings on June 10. Bears attempted to cover as declines deepened, with many major issues slipping to or near the session low. gains late morning gave way to renewed selling and unsettled close as foreigners and domestic funds expressed caution amid broader economic jitters.
Yesterday's Indianapolis Stock Exchange session was tame with many quotations lower than Tuesday. Union Traction common opened around 46, fell four points from Tuesday, then recovered to 46. Later quotes showed multiple firms with various bids and asks, including American Central Life, Belt Railroad, Indiana National Bank, Indianapolis Gas, and New Telephone among others, with several five share figures noted.
INDIANAPOLIS Commercial paper 4 6 percent time loans 5 6 percent. Clearings 1 119 623 32 balances 367 133 91. NEW YORK Call money steady 2 3 percent closing at 2 2 percent. Time money firm sixty days percent ninety days 44 5 six months 54 6 percent. Prime mercantile paper 44 5 percent. Sterling exchange easy actual business in bankers bills 4 87 for demand 4 8490 for sixty days posted rates 4 80 4 8844 commercial bills 4 84. LONDON Money 2 percent discounts 3. Consols 9. PARIS Three per cent rentes 98f 47 4c for the account. Markets for Silver NEW YORK Bar silver 62c Mexican dollars dic. LONDON Silver bars 214d an ounce. Treasury Statement WASHINGTON Wednesday's statement of the treasury balances in the general fund exclusive of the 15 000 000 gold reserve in the division of redemption shows Available cash balance 225 936 538 Gold 107 715 008
United States Department of Agriculture preliminary returns show spring wheat acreage at about 17,257,000 acres, down 2.1 percent from last year, with North Dakota up and Minnesota and South Dakota down. Winter wheat on June 1 averaged 82.2 in condition, compared with 92.6 on May 1 and a ten year average of 79.1, with tables for primary wheat states and year comparisons.
The report notes declines in clover acreage nationwide with most states reporting decreases. Rye yields average near 90.6 with varied state performances. Apple, peach, and rice crops show mixed ten year and nine year averages. Oklahoma leads peach condition above average while several states lag. Spring pastures brighten in Iowa, Missouri, Michigan, Kansas and Wisconsin though New York, Pennsylvania and Ohio lag behind last month.
Unfavorable weather lifted oats, while wheat edged up and corn rose fractionally in Chicago trading. July contracts touched 75 1/2 to 76 cents, then closed firmer. Provisions gained 2 to 5 percent as hog prices strengthened on strong demand from packers, with receipts and shipments listed for flour, wheat, corn, oats, rye, barley and pork products.
New York markets show flour receipts 26 443 and 12 136 exports, with winter straights at 3.15 3 %. Rye flour firm 3 252 56. Wheat receipts 15 60 bn, exports 139 500 bn, spot firm No 2 red at market. Futures rose on frost and crop hopes, then pulled back with July 82 1 16, Sept 84 0, Dec 78 1 16. Corn futures steady after early strength, oats soft, hay firm at 1.15 1.30, hops 6 8c.
Flood disruptions halt shipments and trading activity in St Louis. Prices for flour and corn meal show modest variation though overall demand remains limited. Notes mention winter matents, corn and oats prices, and various grain contracts with scattered, uncertain figures.
Markets show flour steady in Cincinnati, wheat and corn firm elsewhere. Liverpool oats and corn steady. Duluth and Kansas City report mixed wheat futures. New York butter cheese and metals pricing firm with copper and tin updates. Interstate stockyards note stronger steer demand and robust hog trade. calf market steady. sheep weaker. Overall, broad commodity activity in grains, metals, and livestock with regional variations.
Live stock prices at Union Stockyards Indianapolis June 16 show cattle receipts at 1,300 with active hogs and mixed results for sheep and lambs. Cattle demand was brisk for thick fat stock with occasional higher sales, while better grades rose about 10 to 25 cents per hundredweight though some grass and less desirable cattle lagged.
The United States Circuit Court of Appeals on June day issued an opinion reversing a lower court decision in a case involving a $15,000 necklace. The dispute centered on Mrs. L. Hee and her claim to the jewelry taken from her as forfeited property after events linked to gem trafficking. The appellate ruling orders the case to proceed with corrected forfeiture considerations.
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