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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Mar 25, 1902
Page
10
We offer, subject to prior sale, 27,000 Union Traction Co bonds, Ss Indianapolis Street Railway Co bonds, 45 Indianapolis Fire Insurance stock.
Cattle receipts 250 with small shipments and steady prices. Steers under 1260 lbs at 6.00, stockers 4.35, hogs 261 to 236 lb at 6.30 to 6.76, 174 lb averages 6.26, and roughs 5.50 to 6.25. Sheep light receipts with no clear market. terms unchanged from last week. Illinois market sections show similar activity with weak to steady tones and prices around 6.50 to 6.65 for medium to heavy hogs.
A New York market report notes a weak intraday rally failed to sustain gains. Readings led, coalers and grain carriers stirred activity, while Amalgamated Copper and United States Leather drew attention amid dividend funding rumors. Overall, money conditions remained uneasy with unsettled cash reserves and April settlements in view.
Chicago and several outlets report mixed cattle hog and sheep demand, with receipts around 24 000 at Chicago and 47 000 hogs overall. Prime steers and stockers show varied values. hogs trend lower while sheep and lambs hold or ease slightly. Strong entities include Texans, Western lambs, and New York ships with notable price ranges across multiple markets.
Fragmentary railroad and stock notes list various entities including Ra Street railway, Granger Farwell Co, Polk Toa jana stock, Chicago Stocks, and National Biscuit. The garbled text references American meats, Diamond Mutch, and National Biscuit Dents, indicating a mixed page of market and company notices without a coherent single event.
Indianapolis to London money rates and clearings across major cities. New York call loans at 3 ¾ percent. sterling and mercantile paper quoted. World rates show varied discounts and premiums with US treasury balance and gold reserve noted at $172,619,529 in the general fund.
New York March 4 The market opened firm with profit taking pulling prices back but a solid undertone remained. St Paul led the grangers rising half a point then a point on West buying for crops, while corn products and United States Leather attracted attention on dividends and bond funding rumors. Copper fell on a bear attack but found support as readings later turned irregular. Reading coal stocks surged on Morgan backing, with wage terms reportedly signed. Evansville and Terre Haute slid on dividend concerns from the old board.
Granger Farwell & Co. wire reports a mixed close with selling to secure profits trimming gains. Trading remains professional, stocks struggle to hold advances but show overall improvement. money at 5 percent persists and stock loans resume at 4.44. Future moves hinge on strike news, money rates, and crop developments.
Market activity surged with strong gains across corn, wheat, and oats while provisions moved higher independent of grains. Weather, rain, and warmer West conditions supported crop prospects as traders and shorts covered amid renewed buying and nervous speculation. May wheat rose to 58 cents and corn advanced sharply amid crowded pits and mixed signals from Liverpool and US receipts.
May prices fluctuated amid heavy selling and quick rebounds while oats and trade activity remained subdued. Receipts and exports shifted with wheat and corn showing firm edges, pork and lard moved higher as hog demand rose, and the NY visible grain supply declined across most commodities.
Flour receipts reach 37 229 bu with exports 14.99 bu and a dull, irregular market closing steadier with wheat. Wheat receipts 1700 bu with spot firm for No 2 red at 9 to 9 1/4c and futures mixed. corn and oats also slide then recover amid strong Western support. Beverages and meats show firmness with beef and pork prices rising and refined sugars steady as market nerves ease.
Market notes from St Louis dated March 24 show mixed prices across grains and meats with flour and corn steady, soy and oats rising, and pork and lard higher. Reports include bids and futures for wheat No 2 red and hard, rye, barley, hay, whiskey, and various boxed meats along with receipts and ship yields across several markets including Baltimore and Liverpool and Louisville observations.
The report lists wheat, corn, oats and flour pricing across multiple cities including Cincinnati Minneapolis and New York. Prices show wheat lower and mixed, corn steady to lower, lard and bacon firm, butter and cheese varied by region. Chronicles pigeonhole a broad snapshot of midwestern and eastern markets with several named cities and commodities.
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