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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 09, 1902
Page
10
Reports from Interstate Stockyards Indianapolis and related markets detail cattle and hog receipts, price ranges, and bids. Cattle demand varied by class with strong scores for good to premier steers, but overall market featureless. hogs show initial strength then downtrend with clear price declines.
A U.S. government experimental station will be established at the Amber plant site of Ayer & Lord Tip Company in Carbondale Illinois. The station, under Dr Gilbert Alleman of Shaw School of Botany Washington University St Louis, will study methods to prevent rot in amber using the same process and support other research in timber preservation.
Wall Street firms revive speculation on a Southern trunk line consolidation led by Chicago and St. Louis interests. Erie stock climbs on Hill plans, while Louisville & Nashville and Illinois Central pull back. Bank activity dull, bond market irregular, gold flows continue amid currency shifts and labor unsettlements.
Chicago crops faced a broad selloff as corn fell sharply on perfect late season weather and strong bear pressure. Wheat and oats followed, with receipts and deliveries signaling heavy selling. meanwhile hogs and provisions softened, closing lower as traders priced in a weaker demand and ample supply.
Washington balance figures show available cash and gold reserves. The report notes the general fund status with a specific exclusion for a $150000 gold reserve in the division of redemption. The fragmentary text points to balance details and commodity totals for financial accounting.
New York Aug Butter receipts 4 573 packages. market steady. Pennsylvania and State creamery and imitations show varied receipts and dull to irregular demand. Philadelphia reports unsettled butter. eggs firm and in good demand with diverse regional price ranges. Baltimore notes firm butter and varied cheese values. Chicago and Kansas City report steady butter and eggs with mixed dairy prices. St Louis and Cincinnati show steady eggs and butter, with cheese generally steady. Louisville lists mixed butter classes and egg prices, while Boston notes firm eggs in a special report.
Break in grain markets shows weakness across wheat corn and rye with heavy selling in September and December futures. Spot values ease for No 2 red wheat, corn declines, oats steady, and exports remain strong as traders digest crop prospects and a large export trade.
Durango reports extreme heat and drought have ruined ranges across Navajo country. Horses cattle sheep and goats are starving daily. Indians have had little else but horse meat to eat and may face starvation this winter unless government aid is provided.
Market report fragment notes dull flour prices and seed beans with mixed futures data. Wheat futures shift lower with No 2 red and No 2 hard contracts listed, while bran and corn meal show modest activity and varied cash prices across elevators.
Commodities and grain quotes from Baltimore to St Louis vary, with pork and lard down, flour steady, wheat firm, and oats and rye mixed. Output details include hay prices, whiskey value, and several regional shipment figures across cities like Cincinnati, Louisville, and Minneapolis.
Instruments filed in Marion County recorders office show transfers for August 24 hours ending 5 p m to 1902 including Rebecca Lott to Isaac Ash Lot 13 Milligan Brook Park and multiple Lot transfers in West Park Lincoln Park and Chambers sub. Total transfers list 52 07 88 with assorted lot deeds and some repair and construction items listed for various properties in Indianapolis area suburbs.
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