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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 08, 1901
Page
7
The Indiana Trustco advertises 3 percent interest on savings deposits, allowed at any time in any sum from 31 to 5000 dollars. No required regular deposits and no deductions on withdrawals. Liability of stockholders 1,000,000 and total security for deposits 2,000,000.
A M Fletcher Banker operates a general banking business receiving deposits subject to draft and collecting dividends. He acts as final agent for corporations and negotiates railroad and other security issues. He deals in government bonds and other investment securities and solicits accounts of banks bankers corporations and individuals.
New York trading retreads on a reduced scale with curbed operations as steel strike unsettles markets. Aktien in Atchison St Paul Union Pacific and Southern Pacific show strength while railroads lead gains. Sterling exchange strengthens and no gold shipments expected to Germany this week.
The market remained steady and dull with few stocks for sale while many investors loaned to short sellers at severe premiums.
Indianapolis clears $1 513 771 06. New York and Chicago show substantial balances and clearings. London and Paris money markets quote rates as treasury balances in Washington reveal August 17 figures with receipts and expenditures and bond purchases at steady levels.
Heavy export sales and frost predictions supported a bullish session in Chicago grains with September wheat rising to near the day’s high before closing up. Corn and oats also advanced while provisions weakened on hogs movement and January product liquidation.
In New York on August 7, flour receipts and exports rose with firmer demand for rye and wheat. Prices for No. 1 hard Duluth and No. 7 northern Duluth rose to e afloat levels, with options strong and a chief bull impulse from shorts. Frost talks, large clearance and Southwest movement influenced the closing with fractional gains.
September and December futures show varied closing prices with steady spot markets for corn and wheat. Cotton and oats mixed. frost fears spark modest gains while overall offerings remain light. lard and fats ease with refining rates steady. coffee and sugar markets quiet with refined sugar steady around 5.45 cents per pound.
Market report from St Louis and other cities shows wheat, corn, oats and pork prices steady or mixed. Commodities include high grade patents, Timothy seed, and whisky. receipts and shipments tallied for flour, wheat, corn and oats. Liverpool and London prices listed. regional hay, hayseed and potato values noted.
Cattle receipts and hog activity show mixed shifts with larger weekly gains in cattle and hogs. Prices move lower for medium stock and hogs fail to hold yesterday’s highs, while sheep demand softens amid dry weather and ample supply. Local markets in Chicago Kansas City and St Louis reflect similar softness in hogs and steadier cattle values.
Commodity notes from New York and coastal centers report cotton prices steady with uplands and middling gulf levels noted, spirits of turpentine steady, rosin firm, tar firm, and various metal markets including tin, copper, lead, and spelter showing subdued activity. Shipping figures show substantial bris shipments and overall weakness in futures, with iron and coke indicators remaining lackluster across markets.
The U S naval collier Brutus arrived at Mokimaville Staten Island from Guam. At Port Bald entrance to the Suez canal its commander refused the tolls tendered in American gold. The vessel was released only after government communication.
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