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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
May 30, 1903
Page
10
Local wholesale trade showed brisk activity in preparation for Saturday markets with grocers replenishing supplies. Prices firmed for strawberries and potatoes while eggs slid to 12½ cents. Grain receipts were up but below merchants’ expectations as rail bids held steady across wheat corn and oats.
A dense price rundown lists spring patent, winter wheat pat 90, various groceries, coffees, sugars, and spices with unit prices. It notes ground floor or cellar delivery, wheelbarrow or chute extras, and wholesale coffee and sugar denominations. Multiple brands and regional names appear across products from coffee to textiles and meats with per ton, per pound, and per bag figures.
New York May 2 The weekly statement of New York clearing house banks shows net cash change of about zero despite gold exports of 4470. These figures indicate a small contraction in loans and a slight rise in legal tenders while deposits fall. The statement notes offsetting cash receipts from interior banks and a modest rise in surplus reserve amid lower average clearings.
The market opened with a modest rise led by Rio Tinto and copper recovery but soon weakened as selling resurfaced. Amalgamated Copper faced liquidation pressure while Rock Island, Union Pacific, and Southern Pacific slid to new lows. The week closed near lows amid uncertain liquidity, with underwriting and reorganization plans weighing on sentiment and bonds showing irregular pressure.
At yesterday's Indianapolis Stock Exchange session Union Traction stock attracted keen demand with bids rising to 40 and ten shares selling at that price before close. Twenty-five shares of Union Traction preferred sold at 5 and 25, with a rise in Belt Road common to 130 bid and 135 asked, while Decoration Day halted trading.
INDIANAPOLIS commercial paper and time loans details with clearing balances. NEW YORK call money at 2 1/4 percent, time money 4 percent. London and Paris rates noted, Berlin discount and exchange data. New York merchandise and specie movement show imports valued at 11 million, silver and gold figures, exports gold and silver.
Washington notes Friday the treasury balances excluding the 150 million dollar gold reserve in the division of redemption. Available cash balance is 22,886,240 dollars while gold reserve stands at 106,292,967 dollars.
Chicago May 2 grain and provisions trade dull ahead of holidays. July wheat slight drop to 73 3 4 c with May down over 2 c. corn and oats firm to higher. Provisions steady to 5 c lower. hogs weak early but midday rally for September lard and pork steady. Receipts light. futures range shown with Paris weakness influencing tone.
Market reports from New York Philadelphia Chicago and other cities describe butter steady to slow with varied creamery prices and cheese quiet. Eggs firm in some regions, poultry mixed while petroleum and turpentine markets show steadiness or quiet demand amid wide regional notes.
Market brief detailing prices and receipts across St Louis Louisville Cincinnati Minneapolis Duluth Milwaukee and Toledo. Includes grains corn oats wheat with bids and terms, pork lard whisky and various farm goods, plus shipm ents and storage notes.
New York price report shows dull steady grain trading with May futures mixed. Wheat receipts high, prices stable at No 2 red and afloat, corn spot and options influenced by rains and strikes, oats also varied amid export talk and weather.
In Indianapolis May 29, live stock markets show cattle receipts down over last week and year, with a slow demand for fat steers and steady to slightly lower prices. Hogs remain active and higher, while sheep and lambs stay steady. cows and calves show firmness in prices amid scarcity of good cows and heifers.
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