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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Apr 08, 1902
Page
10
The report details cattle and sheep markets across multiple yards. Prices vary by grade with gains on best stock and steady to higher tones for good lambs, yearlings, and hogs. overall demand remains strong from local and export buyers.
Certificates issued for multiple listed Indiamans including Original Emil F. Johnson Delphi 312 Increase iron Relesue William M Kerr Bloomington 24 Michael Wall Billff ton 3 James Brady Orestes 12 Daniel H Clymer Elwood 12 Peter Helm Selma 10 David W Larr Merom 17 Restoration Reissue Henry Bloemkar Lafayette 912 Daniel Vardaman Summityile Peter K Russell Lyons 6 Alfred Paul tit 10 John Mcleod Garrett William McD Dudleston West Point 17 uel Meo Carty Indianapolis 10 William Thompson deceased Vivalin 12 Oral Widows Amelia J Craig New Mt ene 2 en A Jay Taparie Martha Beckett Indianaporthe A Jones Indianapolis 5
NEW YORK April 7 There was no improve ment in the demand for evaporated apples and quotations were nominal at firmer basis State common to gel THPEKc prime 069c choice Py ldc fancy lGl2c In prunes the feeling was steady on all sizes Large sizes in good jobbing demand small quiet Apples pears and peaches dull and unchanged Peaches private sale unrated unpeeled We
Heavy selling of many stock issues at declining prices followed a rapid tightening in the money market. Call money spiked to 7 percent as investors shed large blocks of St Paul, Louisville and Nashville, and Union Pacific. Despite gold and currency outflows, the market closed weak with most issues down 1 to 2 points, while a few rails and utilities held firmer. Total par sales reached 4.54 million.
Local traction and industrials in Indianapolis show street railway bonds and related preferred stocks including Belt Railway and 1. E. pn c. pref. stock. Chicago stocks feature American Can and National Biscuit among bids and asks in monetary notes.
Indianapolis notes 406 per cent paper time loans and clearings of 1 734 400. New York call money 3 4 per cent with prime mercantile paper 44 45 per cent. sterling and bank bills rates listed. Chicago and Philadelphia report fixed money and clearings. St Louis Baltimore Cincinnati show varied money rates. London Paris rates and discounts given. treasury balance available cash $181,947,207.
The market opened softer with prices down as Western traders remained active in L. & N. and St. Paul. An announced right to increase capital by 5,000,400 dollars, plus a 2.59 million dollar gold export engagement and a cut in surplus reserve, lifted call money to 7 percent and pressured stocks while bankers warn the cash squeeze may ease but keep speculation muted for now.
An accredited representative of Kingan & Co. defends the beef industry against New York press attacks. He argues cattle prices rise meat costs, explains packers’ losses at times, and cites live weight bids, by product value, and European markets as factors behind high meat prices. He urges papers to seek facts and avoid unfounded vilification.
Chicago grain markets see mixed moves with May wheat rising 4c despite corn and oats slipping. Reports show Kansas State crop condition down from prior. May wheat opens up then slips, futures consolidate. Receipts light. provisions fall amid weak corn and weather signals. World supply data and seaboard activity influence prices as traders await government crop figures.
Wheat and corn futures swung through unsettled trading with gains on early strength and later profit taking. No. 2 red bid steady, No. 2 Western advised, while wheat rallied after a Kansas State report, then dropped as traders covered sales. corn prices fluctuated with futures and spot bids.
Trade in general shows mixed activity with flour dull and oats firmer while corn drifts lower in several markets. Wheat edges up in some regions as eastern markets transact. timber, timber and timothy seed cited with price notes. Foreign and domestic shipments report steady to weak demand across Baltimore Louisville and New York exchanges with varied commodity quotes and futures mentions.
NEW YORK April 7 The market for week has opened with fair demand from outside orders. Remains in sellers' favor are steadying, with mixed conditions and light showings. ST LOUIS April 7 Weel says grades show steady demand with light metals and futures steady. Metals firm in St Louis notes lead quiet at 3.97 and zinc stronger at higher levels.
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