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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 07, 1902
Page
10
The note states a bank earning about seven percent on 200 and claims the stock is the best purchase among Indianapolis banks. It advertises for sale Security Trust Stock Columbia National Bank Stock and Long Distance Telephone Stock with contact prompt to see the seller.
A Tacoma Herald dispatch reports the body of a Seattle domestic known as Becky found in St. Michael bay. Fifty dollars are missing but a $15000 purse is recovered. Authorities search heirs while Becky’s Yukon years boarding house profits are noted.
New York trading closed idle with a generally firm undercurrent. Investors favored holding stocks and waited for crop demand, while several rails and coal plays showed strength. Gould group led gains. sugar moved amid dull markets. Atchison absorbed large stock due to crop hopes. bonds softened after early firmness.
At Union Stockyards Indianapolis on Aug 6 cattle receipts reached 650 with demand limited and prices uneven. Steers and cows sold at varied levels with fat cattle scarce, hogs active but not sharply higher, lambs weaker while sheep held near steady. Horses showed improved activity with Blair-Baker sale drawing many buyers and strong prices for top grades.
Chicago stocks show Granger Farwell and Company with American Can and National Biscuit profits. Diamond Match records included. Monetary notes reference several trust entities such as Marion Trust and Union Trust.
Indianapolis commercial paper 4 6 percent, time loans 546 percent. Clearings 1 562 744 42, balances 181 900 51. New York call money 24 3 percent, prime mercantile paper 4 5 percent. Sterling exchange firm at 4 04 88 for demand, for sixty days 4 85 and 1 88 4. Commercial bills 4 4 4 55 percent. Clearings 193 458 872, balances 355 473. Chicago exchange premiums and clearings totals listed. Boston clearings 319 231 994 balances 1 475 547. Philadelphia money 4 4 percent. Clearings 16 603 244 balances 421 910. St Louis money 5 6 percent. New York exchange par. Clearings 7 250 015 balances 1 261 296. Baltimore money 4 4 percent. Clearings 3 485 592 balances 436 464. Cincinnati money 4 6 percent. New ais discount. Clearings London money conso 24 29 16 and 29 5 16 2 percent. Paris London exchange 25 19%4c for checks. Spanish fours 9 98c. Berlin exchange on London m 4%5pf checks. Silver markets New York bar silver 52 4 c Mexican dollars 4 ic London silver bars 244d ounce. Treasury statement Washington Wednesday balances general fund exclusive of 150 100 gold reserve in redemption division Available cash balance 320 8 479 337.
Interstate Stockyards Indiansapolis reports slow demand for light weight stock as farmers sort cattle. Calves steady, steers and heifers mixed with prices from 4.25 to 9.90 in major markets. Hogs strong to higher on yesterday’s basis, with prices 7.45 to 7.60, while lambs and sheep show weakness in several regions. Market activity varies by city including Kansas City Chicago St Louis and East Buffalo with receipts ranging from none to several thousand head.
Washington August 6 A Cuban Congress can boost livestock by removing duties on cattle imports and reestablishing island cattle raising. Cuba has 3.09 million people consuming 3.09 head annually, suggesting 4 million head could be raised on 16.6 million uncultivated acres. Potential annual value reaches 9 million dollars from consumption plus millions more from jerked beef hides and exports. Free admission of breeding cows and bulls of several major breeds is proposed to attract U S exporters.
Samuel Pryor father of Arthur Pryor lies dying at his home in St Joseph Missouri as death nears. He orders his band to give a concert of Sousa era melodies under his window this afternoon, the band performing to comfort the ailing musician.
Chicago wheat and corn futures drift lower on reports of a bumper harvest. Wheat stabilizes on exports, oats hold, and provisions rise. Missouri crop estimates and heavy selling weigh on corn. Lead futures show September corn down about a half to several tenths, with receipts and export activity shaping tone.
Across major markets on Aug 6 traders faced a dull New York grain scene with lower wheat and cornbased on crop news and export rumors, while prices recovered modestly amid covering. oats and rye showed firmer or steady tones. livestock and metals moved with regional variances. Strong entities include New York, Buffalo, Louisville, Baltimore, Kansas City, Toledo, Cincinnati, Philadelphia, Chicago and Minneapolis.
Market notes from St Louis with mixed shifts in commodities. Flour prices for new winter patents range at 3.29 to 5.00 per standard hundredweight, corn meal steadies around 8.05 while wheat No 2 red futures slip to 64 28 44 cents, rye holds near 4 0 cents, lard drops to 10 6, timing and terms vary by delivery and market segment.
Property records for the 24 hours ending August 6 1902 list transfers in Indianapolis and surrounding areas. Notable entries include Douglas K Armstrong to John A Craig for Lot 325 in Kuhn Johnson’s Ist West Indianapolis add near Mclain St valued at 3000, and multiple other parcels including Noble’s sub of Outlet near Ver Mont St and Lake Erie & Western Railroad corners. Values range from about 1000 to 7000 dollars with properties on Deloss St Ruth St Chio St New York St and Capitol Ave among others.
Fragmentary OCR text shows transfers, parcels, and frames with names like William Kear, Joseph J. Fifer, Mary Smith, George C. Haertle, Elizabett Linder, Helen F. Conner, and John Gudelhoefer. Mentions Lot 2 Elk 4 Plowcher Northeast add and 910 East St with various framed items and storeroom entries, plus a $300 entry for land.
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