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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 15, 1902
Page
7
Hogs show moderate demand while cattle receipts mirror a steady trend at Union Stock Yards Indianapolis with no top cattle reported. Beef prices ride a narrow range as buyers stay cautious. steers and cows span mid to upper price brackets with mixed sentiment among packers and local buyers.
Receipts show varied activity as hogs sell around 7.10 to 7.15 with top quotes. Cattle and calves steady, sheep and lamb receipts small, steady demand for better grades, and a quiet close at current quotations. Interstates at Indianapolis show steady calf and steer prices with limited demand for common varieties.
Market reports show cattle receipts across Texas and other markets with prices for steers, heifers, calves, and sheep varying by region. Western and native cattle trade fluctuated, with weekly receipts around twenty thousand head across major hubs, while hog and lamb prices showed mixed movements and regional shifts.
A report from Mindanao recounts C G Stone’s inquiry into rumors of a white-skinned race on Mindanao. Stone, touring under Captain Baldwin, studied tribes, learned dialects, and found no evidence of a distinct native white people. He found Caucasian-looking individuals were descendants of settlers and native women, not a separate race.
New York trading showed larger volume with leaders like Southern Pacific and Rock Island moving, while overall strength lacked a unifying news catalyst. A flood of foreign exchange bills and softer loan rates influenced the market. a new Russian government bond listing aimed to spur foreign securities trading as the bond market stayed dull but steady.
Indianapolis and New York money rates listed across cities show commercial paper at 4.96 percent in Indianapolis and call money steady at 3.47 percent in New York. Clearings and balances are reported for major markets, including Chicago, Boston, Philadelphia, St. Louis, Baltimore, Cincinnati, and London, with various exchange rates and bullion prices noted.
Washington reports the general fund balances with available cash totaling 4,500,350 and gold reserve 105,055,018 excluding the $150.0 million gold reserve in the division of redemption, noting the overall treasury position on Thursday.
Private wire dispatch from New York reports London prices generally higher with gains led by L and N. Favorable crop news and expectations money tightness will ease later in August bolster a strong market. Amalgamated Copper fell at open on metal weakness but recovered part of losses as speculation pushes for higher prices despite a coal strike backdrop.
New York censuses report elation over Western crop conditions fueling market optimism. Investors focus on Gould stocks with Wabash seen as likely to rise next, while Southern Pact is expected to lead the overall movement.
The Russian 4 per cent rentes, totaling 2.31 billion roubles, were officially listed on the New York Stock Exchange. Morgan & Co and others secured unanimous approval. bonds bear ten-year coupons, payable quarterly in March June September December, with redemption rights reserved by the Russian government. Income tax reduces the effective rate to about 3.5 per cent for Russian holders, with coupon payments made in Russia or major European cities.
Wilberforce Ogden, a young divinity student missing since August 4 from his father William Ogden in Chatham New Jersey, was found today in the barn loft among the hay reading a book. He said he had hidden there since the disappearance and had lived on food gathered during visits home and had returned from Vermont Theological Seminary with health affected but improving.
The Ball family's second annual reunion gathers nearly 20 relatives from across the United States at Keuka Lake near Penn Yan New York. Most attendees come from Ohio Indiana Kansas Illinois and New York. Noted elder Anna Ball Bickerdike of Bunker Hill Kansas nicknamed Mother Bickerdike for aiding Union soldiers in Civil War hospitals until her death last year.
Chicago August reports erratic grain markets driven by suspected manipulation as traders price in end of July deals and strong harvests. Wheat and corn show mixed closes with September options volatile, oats firm, and provisions uneven amid weak cash activity and mixed weather signals.
New York reports a mixed wheat scene with September shorts causing a scare and firmer cash bids amid Northwest weather. Wheat futures advance then ease. corn and oats fluctuated with bears and cover buying. rye and barley steady to weak in various markets.
Trade news from St Louis reports varied prices for flour, red winter patents at 3109.20, cottons and grains showing declines in wheat corn and oats with contract notes for September December. Prices for rye firm, packers report slower demand for fat and lean meats, while hog and beef markets show mixed movement amid regional shifts.
New York reports butter receipts 7,607 packages as market quiet. cheddar and substitutes show varied state and western prices. Philadelphia notes firm butter and steady eggs with strong cheese demand. Baltimore cites firm butter and steady eyes and cheese. Chicago dairy steady. Kansas City eggs steady. St Louis butter steady eggs higher. Cincinnati and Boston list mixed butter and egg movements with regional trends.
Regional notes from Aug 14 show turpentine and rosin steady in Charleston with varied prices, poultry markets firm in St Louis Chicago and Cincinnati, cotton quiet in New Orleans and New York, wool and metals prices mixed with lead and spelter firm in St Louis. Trade summaries include bottle vessels of bids and shipments totals and regional price ranges.
Instruments filed for record with Marion County recorder show transfers of lots in North Indianapolis Coburns addition Globe Road Columbia Place and South Brookside add among others. Total consideration listed at 22171.00 with several parcels priced from 600.00 to 2500.00 and multiple lot transfers to named purchasers including Kessler Allard Wilhelm Richart Cruse and Judah. Local repairs and properties such as a two story frame at Arsenal and Washington and a brick dwelling on South Me show accompanying entries.
Timetable for Indiana and Illinois routes shows multiple city pairs with connections including Columbus, Vincennes, Louisville, and Chicago via the Vandalia Line. It lists limited trains, express cars, and morning departures from Union Block at 119 West Maryland Street with connections to Anderson, Muncie, Marion, and Alexandria.
Passenger cars depart Georgia and Meridian streets starting 6 p m with service until 12 am and last car at 2 am. Freight cars arrive at 2 am and depart 9 pm with additional 2:30 am and 3 pm windows. Combined services run to various times including noon and 3 pm. Indianapolis and Martinsville rapid transit serves Mooresville with morning departures at 6:45 am and evening trains to Union? connections noted. Sunday excluded.
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