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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 05, 1902
Page
10
The Indiana Trust Co at Washington Street and Virginia Avenue lists capital of 1 000 000 and surplus of 125 000. It executes trusts for married women, manages estates, handles deeds and mortgages, acts as agent for securities, buys and sells conservative trust securities, collects revenues and rents, manages real estate, and serves as custodian of wills and escrow administrator without charge.
Stock offerings from Union Surety Co and multiple firms including Stock Law Building Stock Home Brewing Co Stock Indianapolis Fire Ins Co Stock Atlas Engine Works plus preferred stock T B Laycock Mfg Co preferred stock and bonds 5s and 4s for Indianapolis Street Railway prior sale implied by listing with brief instrument notes.
Readers are informed that banks bankers and corporations and individuals are solicited for financial notices and transactions. The report highlights solicitations affecting local financial institutions and associated parties with emphasis on disclosure and compliance considerations.
Announcement lists securities for sale including Security Trust Stock Columbia National Bank Stock and Long Distance Telephone Stock. The terse notice identifies available shares and seller intention.
New York stock activity fell to a year’s dullest level with London closure only a minor factor. Last week’s loan rise pushed New York clearinghouse loans above 919 million, deposits up modestly, but reserves down. Trust companies show heavy expansion and cash tightness, while few stocks move on individual news.
A compressed financial roundup from multiple cities shows commercial paper at 4 to 6 percent, time loans 5 to 6 percent, and various currency exchanges and bank clearings. Major centers include Indianapolis, New York, Chicago, Boston, Philadelphia, St Louis, Baltimore, Cincinnati, London, and Paris with totals and rates listed. Treasury balances note available cash of 205,746,372 and gold reserves 100,006,155.
Union Stockyards Indianapolis reports cattle receipts at 700 with a wide mix of grades and mostly steady to lower prices. Native cattle dominated two thirds with Texas grass cattle. buyers scarce but slaughterers active. Hogs receipts near 250 with a very small supply leaving market largely unsettled and prices near last week’s close. Sheep receipts small with quiet demand and weak activity.
The market opened with light inquiries and small lots, with many dealers expecting moderate demand and potential price reactions. Reports from Interstate Stockyards, East Buffalo, Kansas City, Chicago, New York, St Louis, South Omaha and Louisville show varied price moves across cattle hogs and lambs, with limited volumes and steady to lower quotes, lambs advancing locally while feeders and cows show mixed shifts.
A state notice lists numerous Indiana recipients of veterans pensions and related benefits. Names and towns appear with various dollar amounts for Original and Increase certificates, including Evansville Indianapolis Muncie Bedford Terre Haute Fort Wayne Peru Lafayette and many others. The list also includes widows and dependents such as Elizabeth Herbst Anna Barnhart Mary Bryant Martha Campbell and others with specified payments.
Chicago and New York markets show September wheat and corn drifting lower as short-covering fades. Bulls' hopes undone by heavy selling, speculative manipulation talk, and ample receipts. oats and hogs follow the slide with mixed results.
A broad summary of price movements for butter cheese eggs and poultry in New York Philadelphia Baltimore and other cities. Butter and cheese prices steady or firm with varied regional levels and egg markets showing firmness or slight declines. Turpentine rosin and other commodities show mixed pricing. coal and metal prices noted with regional fluctuations.
True in general Cincinnati and other places report dull flour prices for red winter patents and pat ents. Timothy seed and corn meal prices appear mixed with lower wheats and soy notes. Cains, rye and lard show varied levels across cash and futures tracks with whisky steady. Dry goods meats and boxed shorts exhibit stable to steady movements overall.
Chicago Aug 4 Judge Chettain issued twenty nine more injunctions in the oats corner case. Waite Thorburn Co. secured nineteen against Bank of Montreal officers restraining margin payments to Board of Trade firms with short July oat sales. Petitions now allege illegal authority rather than conspiracy. Pratt Buckley firms obtained ten against individual board firms to stop margin collection. Total sums involve about four thousand dollars in Waite Thorburn suits and about eight thousand in others.
Real estate transfers filed for record in Marion County Indiana cover 24 hours to 5 pm August 4 182 with parcels on College Avenue Broadway near Twenty sixth Street and Hazel near Lawrence avenues among others. Transfers include Losey to George Hanvey Sanders to Johns and Dungan to Mothershead and Abrams to Stiles plus Wells to Mothershead and Hartington to Pierce with prices listed from 250 to 1100 dollars and other values.
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