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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Sep 01, 1903
Page
3
Local wholesale grocers reported the strongest August in history with high flour and dry goods sales and rising prices across multiple lines. Trade for fruits vegetables eggs and poultry remained steady amid ample supply and improving quality, while grain receipts and inspections set monthly records signaling a robust fall and winter market.
Prices ranged last week for corn oats and hay with new oats at 13 0 per bushel and 9 12 per ton for old and new oats and timothy hay at 11 12 per ton for old and 10 11 for new. Clover and mixed hay prices listed as well with various old and new valuations.
Prices paid by shippers cover poultry ducks and turkeys eggs and cheese with various regional prices. Also listed are hides and tallow rates, coal and coke, candles, nuts, coffee, sugar, spices, and dyes with wholesale quotation notes and multiple city and plant references.
Cattle receipts total about 500 with a fair week-over-week upward tone though native cattle slim and steady to firm for better lots. Western steers and Texas cattle lead demand while common stockers and canners lag. calves and heifers show limited activity. no pronounced market highs and overall steadier tone for the week ahead.
Commercial paper in Indianapolis at 4 6 percent and time loans at 5 6 percent. New York call money easy at 14a percent with time money modestly easier. Sterling exchange firm with bankers bills around 4.56 to 4.53. Paris marks Three per cent rentes. London money discounts near 2 1 8 percent. Silver prices in New York and London reported. Treasury balances in the general fund show 232,480,257 in cash with 102,535,080 gold reserves excluding the 150,000,000 gold reserve.
Porterfield and Coos report a calm but steady stock advance with St Paul Atchison and others up two dollars from prior close. Despite some profit taking, buying outpaced selling as money conditions improve and crop movement supports higher earnings. Erie issues praised as safe buys amid favorable rail outlook.
New York August 31 The market opened with favorable sentiment from the Metropolitan merger. Professionals led the buying while the public watched. In the afternoon profit taking appeared and selling pressure likely to cause a reaction. Undertone remains strong and should resist sharp declines.
The market opened with broad selling and few independent buyers. Hog prices varied by weight with some gains for choice stock while receipts rose. sheep and lambs saw small supplies and steady prices as traders awaited clearer demand. Western markets showed firmer cattle values and steady hogs, with New York and Chicago notes reflecting a cautious mood as frost fears lingered.
A long OCR listing names such as Richard H. King Stephen Hash Lesser Long Andrew J. Steel Levi P Keltner George W. Carpenter agritiiane T. Coats Joseph Clark Frank M. Main Warren W. Faust William H. Babcock Willem M. Harrison poses Ryan Lawrence H. Smith Daniel Bryant William N Swain James Davis Robert Fryer John Welton Nance Booth Eliza J. Spencer Katharine Fleming Sarah Jane Brown Franceska negel Rachael M. Prati Hannah Byers Jeremiah Woods John N. Fowler Elijah Evans Abner A. Duncan Benjamin F. Collins Joseph B. De Mate Martha etc notes many with dollar amounts and odd characters in an issuance list.
MINNEAPOLIS Aug 31 Judge Eliot of Hennepin District Court denied Dr A A Ames's motion for a new trial. Only an appeal to the Supreme Court stands between the former mayor and six years in the penitentiary for bribery. The case will be certified for the October term, though the appeal is generally seen as vain.
Market notes report flour prices and futures for red winter wheat corn meal and bran with bids and shipments across St Louis and Kansas City. Prices listed include No 2 red spring and hard wheat and a range of cash and July contracts with erratic shifts and daily shipments figures across multiple markets.
Credit balances and commodity prices show varied activity from Olls. Ol CITY and Wilmington to New York and Chicago. Turpentine rosin and petroleum hold steady while poultry prices ease in regional markets. cotton futures in New Orleans and textile notes appear amid broader trade signals.
An electrician advises that fearfully exposed people can become immune by soaking and remaining in the rain. He warns against hiding under trees, which attract lightning, and urges staying outdoors away from structures while getting thoroughly wet. The article references Benjamin Franklin experiments on rats to illustrate wetting theory.
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