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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jun 28, 1901
Page
7
Wheat gains on export demand and shorts covering in Chicago trade. Corn and oats decline amid steady selling. hogs heavy, weighing on provisions. Markets show firm close for wheat with international demand and local receipts mixed. prices stabilize after early gains and losses.
Wheat receipts reach 86,450 bushels with exports of 201,504 and futures totaling 2.56 million. Spot firm No 2 red at 77% to 78% f o b, Duluth bids at 75% c. Corn and oats follow steady to firm tones amid bullish crop news and foreign buying. Prices for rye, barley, and refined sugar also edge up amid steady demand.
Trade roundup from St Louis Baltimore Cincinnati and ports shows flour prices steady at 3.46 to 3.00 per barrel and bacon around 4.00 to 5.97 per pound. Receipts and ship counts listed across wheat corn oats and other grains with noted by ships and exports. Baltimore and Liverpool market details included with varying flour, wheat, corn, oats prices and receipts.
Dun's crop report foresees a record breaking total of winter and spring wheat in 1901. Heavy yields expected across principal states despite sporadic damage from Hessian fly and insects. Northwest traffic officials project regional wheat output will set new records, with Minnesota and the Dakotas alone reaching about 155 to 200 million bushels.
Wallace and Emma Stanley welcome a boy at 2324 North Capitol. George and Louetta Wood report a girl at 406 East Tenth Street. Ed McClung, Charlies Schrader, Frank Motter, E C Summers, George Burck, and others recorded with births, deaths, and illnesses including aneurism, mastoid necrosis, consumption, and cardiac asthma. Ex governor Pingree noted as deceased. sentiment on politicians contrasts action with words.
Sterling Morton extols Nebraska agriculture as June rains saturate fields. He notes strong corn growth and good wheat prospects while oats lag. clover and alfalfa flourish, promising plentiful forage and continued prosperity for the people.
New York reports a lively stock spill as the Seventh National Bank suspends operations under currency controller action. Prices fell broadly with some favorites like St Paul Union Pacific and Manhattan dropping, then a late recovery pared losses. Call loan rates spiked to 15 percent while credit tightened and money markets steadied amid mixed sector moves.
At Union Stockyards Indianapolis June 27 cattle receipts 800, hogs 4,000, sheep 200. Cattle sold steady with best steers around 5.75 per cwt, cows up to 4.50, veals 6.50. Hogs, light supply, prices largely 6.10 to 6.30 with many lots above 6.02. sheep steady, lambs 4.00 to 5.25. Interstate yards in Indianapolis report steady to active demand and prices.
After months of dullness in the dry goods trade, higher cotton prices sparked activity across cotton cloths, bleached and brown muslins, and leather and hides markets. Leather prices are firming with expectations of further advances, while hides may rise next week. Grain receipts remain light though prices hold. fruits and vegetables on commission rows show ample supply and steady values.
The clipping lists a wide array of commodities with prices from Char. Muellerschoen and other merchants. It details blackberries, beans, tomatoes, cherries, salmon, flour, coffee, sugar, salts, and dyes, plus varied hardware and textiles from multiple firms. It ends noting a U.S. Senator John H. Mitchell in ill health per a cablegram.
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