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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Mar 08, 1902
Page
10
A Boston Record anecdote recalls three college girls debating which phrase fits a car arrival at the public library. Amid their quarrel a mall car approaches and the scene shifts as one narrator notes the correct usage while the others tease.
Chicago March 7 grain markets rallied late as export demand improved amid crop damage reports. May wheat closed up 0.75, corn and oats also higher. Provisions gained on a robust hog market while receipts remained light. Kansas damage forecasts contrasted with bullish signals from Oklahoma, Texas, Indiana, and Ohio.
NEW YORK March 7 Flour-Receipts 7,800 bu, exports 9,302 bu. Market firmer with mills seeking advance. Winter patents 3.654-4.94, winter straights 3.70 2. %, Minnesota patents 3.3064, winter extras 92.5, Minnesota bakers 2.9503.90, winter low grades 2.4 29. Rye flour firm No. 2 Western 66fob. Wheat receipts 37,000 bu, exports 23,960 bu. Spot firm No. 2 red 51%c f. o. b. afloat, No. 1 northern Duluth 5% ec f. o. b. afloat. Near last hour, rains absent in Southwest. prices jumped ic, March closing 51c, May 51-éc, July 51éc. Corn receipts 22 bu, exports 4,211 bu. Spot firm No. 2 6%4c elevator f. o. b. afloat. Oats spot steady to mix. options dull. Beef, pork, lard and refined oils quoted. coffee, sugar and tallow mixed.
Trade items from St Louis and other cities show firmer flour prices for winter patents and various grain and seed values. No. 2 white and red wheats, corn meal, bran, and dry-cast meats are listed with bid prices and futures-like notes.
New York March 7 The stock market showed conflicting mood among professional speculators with early efforts to push prices up while some gains reversed. News of $1,000,000 gold withdrawn from export and bank reserve worries plus the Northern Securities suit creation of caution. Major movers included Colorado Fuel Evansville & Terre Haute Westinghouse Electric and St Paul Minneapolis & Omaha, with a dull bond market and total par sales of $2,750,000.
Instruments recorded show transfers across Marion Township Wayne Township and adjoining areas. Notable deals include Chas E Tolan acquiring Lot 7 in Houston’s subdivision for 1800, and Eugene Muel ler purchasing part of Center township property for 2300. Transfers involve Indianapolis Plainfield Electric R R Co. and various private parties with total listed value 345826.00 and a separate 106.00 transfer.
The live stock markets show cattle strong in demand and hogs higher while sheep stay steady. At Union Stockyards Indianapolis on March 7 cattle receipts and prices are mixed with good to choice steers high, hogs active and selling above yesterday, and sheep trading steady with occasional higher lambs, followed by Interstate Stockyards Indianapolis summary of steady cattle and steady veals, with quiet but sold markets and narrow demand for feeding stock.
Indiana paper shows commercial paper and loan rates, clearings and balances. New York call money steady at 3 percent with sterling exchange ease. London and Paris rates listed, central treasury balances report available cash 177.7 million and gold 98.16 million in Washington figures.
New York March 7 Rumored cancellations of gold shipments raised optimism in early trading though Colorado Fuel weakness dragged down the list. Northwestern and Tennessee Coal showed sympathetic weakness while reading the market anticipated no coal strike aiding readings. Mexican National rose late on heavy trading amid rumors of Southern Pacific control.
New York dispatch reports a professional market tone with expectations of higher prices tomorrow and further advances in specialties after the bank statement release. Despite an active bull mood last night, actual gains did not materialize, leaving traders wary of unexpected shifts.
Across New York City St Louis Kansas City and others receipts show cattle steady to higher and hogs mixed. Native steers and bulls range from 3.05 to 6.15 per hundredweight with regional variations. sheep and lambs trade steady to higher with western lambs and yearlings fetching strong bids. hog futures quoted around 6.28 to 6.55 in Cincinnati and Indianapolis areas.
Figures from Stockyards and Belt Road and Stockyards Company president Samuel B. Rauh return from Cuba. Harry Graybill, Union stockyards general traffic manager, leaves for Fort Worth to attend the Southwestern Stock Raisers and Packers Association annual meeting, where Armour Packing will lay the cornerstone for a large Fort Worth plant.
Certificates issued to Indianians include Amos Reynolds Misha he with Spain Niel McCallum Job C. Waiton Linton James fend Winchester Willian Ft in tumbus Daniel D. Traylor Kiam A. M Minter Underwood Lynch Delphi Isaac Reed James Henry Matthews and Elisabeth C Ai Mexican war Barbers Renewal Witowe Allaabeth F. Ribbel Rhoda with sums noted.
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