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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
May 06, 1903
Page
10
Evidence mounts that Mey trade will hit record levels with April and May selling strong across dry goods, groceries, confectioners, and boot and shoe sectors. Prices hold firm as groceries stock up, with oranges and cherries plentiful and weather impacts on produce noted along with fluctuating farm receipts and wagon market bids.
The live stock markets show cattle down with about 6000 head traded. Steers suffer the heaviest decline while hogs stay reasonably active and rise up to five cents, and sheep remain steady in other markets.
Prices paid by shippers for poultry eggs cheese butter and hides and tallow listed with various grades and regions. Includes mixed commodities such as Brasil nuts coal and coke with prices from Blossburg Kanawha Pittsburgh and other cities.
Dong Gong, the Chinese leper held in quarantine about two miles below Jefferson Barracks, escaped. Dr. Woodruff, superintendent, ordered an immediate search for the dangerous patient who remains at large. His condition has not markedly improved since his ostracism from society, and he is deemed too dangerous to be at large.
Hog receipts today were about 1500 larger than a year ago with prices generally 5 to 7 cents higher than yesterday. Light hogs sold around 6.15 to 6.97, with quality improving and packers showing stronger sentiment. Sheep and lamb listings showed clips at 7.50 to 8 for spring lambs, clipped yearlings 4.25, wool yearlings up to 6, while bucks and sheep traded lower. horses varied, more common stock eased $5 to $10 with steady better classes and draft horses up to 1,000 to 1,100 at public sale. Local buyers and War-man Black Chamberlain Company conducted the sale with steady turnout and clearances overall.
Indianapolis and New York money rates show commercial paper at 4 5 percent and 242 percent call money. London and Paris exchange figures listed. Treasury statement reports balances in the fund excluding the $150 million gold reserve with $225,238,918 and $110,587,501 in related divisions. Private wire advices accompany the report.
The New York market on May 5 reported broad strength with easy money and favorable crop data. Traders realized gains during the day but prices held well on pullbacks, with expectations of five to ten million tons of geld shipment in the next two weeks and local subscriptions to a 3 percent Transvaal loan boosting sterling demand.
New York May 5. Unless buyers from other quarters join in, the present advance in the market may have run its course. Strong sustaining interests behind the market show little activity at the moment. If this is a truce, only minor fluctuations seem likely for now.
Cattle receipts light and steady with fat cattle selling readily at steady prices, undergrades slow. Hog market firm to higher. sheep and lambs mixed, spring lambs lower. Chicago and New York activity strong with mixed cattle and hog prices. Wheat and corn futures show initial weakness then firm late. receipts large across several markets. brass tacks on grain prices and cash quotes shown.
May reports indicate flour receipts at 298 bris with exports at 7.2% bris while wheat futures moved from initial softness to gains on bullish Southwest crop news and covering. Spot No 2 red steadied at 83 to 84 cents and nearby contracts closed modestly higher amid bullish weekly government data. corn receipts and exports detailed, with various white and yellow corn grades quoted and leather and tallow markets noted as steady to easy.
Quotations from St Louis Baltimore Cincinnati and other markets show wheat and other commodities moving. Prices for No 3 Red wheat cash and futures drift with May July and other contracts listed. Market notes reference track and cash prices as well as informal bidding in late session.
Markets show butter largely steady with varied regional receipts and prices. Reports from New York Chicago Cincinnati St Louis Louisville Boston and London detail creamery and dairy prices, with receipts, bag values, and wool auction highlights across multiple cities and dates.
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