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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jun 18, 1903
Page
3
Local market conditions remain largely unchanged with fair trade and solid dealer activity. Prices stay steady to firm across staples and fruits, while cereals rise with light receipts, and Chickens stay in short supply amid strong Eastern demand. Wagon market receipts were very large with liberal offerings and straw valued per ton.
A partial OCR page lists assorted market items including hides and tallow grades, beeswax colors, dry goods names, and wholesale candy and nut terms. It mentions prices and brands such as Grace and Androscoggin as well as various fabrics and commodities.
A dense listing of wholesale and retail prices for groceries, coffees, sugars, spices, molasses, salt, twine, nails, and groceries. Included are specific items like Anthracite coal, various coffees, sugar brands, syrups, rice, and canned goods, with regional price references and unit measurements. The document reads as a price sheet from a midwestern or northeastern market, naming numerous firms and districts.
Instruments filed for record in the Marion County recorder's office show numerous real estate transfers for the 24 hours ending 5 p m June 17 1903. Buyers include Richard Brown Irving Williams Mary M Jackson Giles Brady Allen T and many others with consideration totals and parcel descriptions across West Park South Park Cottage Grove and other additions. Total transfers list 139 321 05 in all with numerous Lot and Block references and varied purchasers and sellers.
New York trading on June 17 showed professional, testing activity with a slight early lift for Pennsylvania stock followed by a broad, sluggish fade. Gains were capped by unsettled margins, gold export expectations, and bears failing to break prior lows, leaving the market lifeless at the close.
Indianapolis figures show commercial paper at 4 6 percent and time loans at 5 6 percent with clearings of 1 184 690.89 and balances of 224 144.19. New York call money steady at 2 2 1/2 percent and time money easing with sixty days 4 1/4 percent, ninety days 4 percent, six months 0 1 percent. Sterling exchange strong with demand at 4 87 0 and sixty days at 85 25, London discounts 1 cent, and Paris rente at 9 71 37 1/6. Berlin reports London exchange for checks, discount rates at 2 1/2 and three months’ bills at 3 percent. Silver markets note New York bar silver 52 1/2 cents and London silver 24 pence per ounce. Treasury statement shows balances in the general fund and a separate gold reserve, totaling 227,687,651 and 104,645,204 respectively.
A New York Commercial piece relays a Broad Street broker's defense of street peddlers against movements to curb them. He praises hawkers, push-carts and fruit venders as colorful, vital to the city’s character, recalling youthful calcium days and urging welcoming, not erasing, the outdoor trades.
A county board of review yesterday approved a list of corporations. Personal tensions surface as a local business figure named Bill Johnson is referenced in a brief, non investigative item involving a small loan and strained relations.
Chicago June 17 big gains in corn with July corn at 764, September 74 1 2c advance. Wheat up c, oats steady. Provisions ease slightly. Early dull trade gave way to bullish rally as corn and wheat rose on favorable weather and weak moisture in the Northwest. Close mixed with corn and wheat higher and oats steady. Receipts and prices listed. futures and cash quotes noted.
New York June 17 grain notes show firmer wheat and corn as weather maps and drought worries support prices. No. 2 red wheat and No. 2 yellow corn advance. spot oats and white varieties also firm, with options trading mixed but generally higher on cash demand and export outlook.
Market notes show mixed futures and spot quotes across multiple cities. Wheat and corn hold earlier gains with No 2 red wheat around 73 cents in Cincinnati and steady to higher cash futures from Minneapolis and Milwaukee trends. Regular staples including pork, lard, and whisky maintain firm to unchanged levels amid regional activity.
June 17 market notes show Butter Receipts at 11 905 packages with steady demand for extra creamery and creamery goods. Cheese Receipts at 6 103 packages with steady trade for state cream varieties and extras. Eggs receipts describe firm market with state and Pennsylvania extras and western seconds to good quality.
Markets report butter steady in St. Louis and Cincinnati with eggs lower in Cincinnati. Oils and turpentine prices appear in scattered city notes from Wilmington and Montpelier. New York dry goods edge higher as buyers hold back. broader commodity comments span pork, poultry, and wool alongside regional price snapshots.
Live stock markets show good demand for steers with stronger pricing, hogs steady to strong, and sheep near steady. Cattle receipts reach 1,400 with 300 shipments. hog receipts 7,000 with 1,600 shipments. sheep receipts 700 with 409 shipments. Prices vary by weight and class, with steers mostly firm to higher and common stockers weak. hogs reach up to 6.25 with most between 5.60 and 6.20. sheep market shows smaller movement and no major change.
Local accounts highlight activity of banks and bankers, with emphasis on corporations and notable individuals. Reports cover lending trends, mergers, and regulatory shifts affecting the financial landscape and key market players in the city.
June reports from Kansas City St Louis New York Chicago Omaha and Cincinnati show mixed cattle hog and sheep prices with receipts varying. Cattle steady to lower. hogs higher. sheep moderate gains amid regional price fluctuations and earlier flows. Strong beef demand noted in several markets with differing regional benchmarks for steers cows and calves.
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