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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 17, 1902
Page
3
The article reviews tetanus risk after July celebrations, explaining transmission from small wounds in barnyard soil, incubation periods of four to ten days, and the high mortality in the acute form. It notes the germ’s oxygen needs, lack of pus, and the suspected benefit of early anti tetanus serum injections in subdural or spinal spaces as a radical but encouraging treatment.
Five years after widening the Atlantic City board walk from twenty to forty feet residents again press for a wider promenade. Cost estimated near 200 400 dollars. last night crowds faced severe congestion and pedestrians endured jeers as rolling chair fares rose per block amid growing demand for a longer, sturdier walkway.
New York reports tight money market as bank loans rise by 2.65 million dollars and call money peaks at 4 percent. Bull activity in Toledo, St. Louis & Western stocks contrasts with overall market heaviness. Southern Pacific and Western shares pull back. bond issuance size cited and foreign borrowings rise, signaling abundant production prospects and looming autumn liquidity strain.
National Biscuit Company preferred shares and Diamond Match Company ex dividend notices indicate a 14 percent distribution.
Indianapolis reports clearings of 1.62 million and balances. New York shows call money nominal and mercantile paper at 4.5 percent. Chicago, Philadelphia, St. Louis, Baltimore and Cincinnati list money rates, clearings and balances. Berlin and London note exchange rates and silver prices.
Imports at the port of New York for the week value at 9,735,800 dollars. Exports of specie total 761,054 in silver and 6,007 in gold. Imports of specie include 40,856 in gold and 22.4 percent in silver. Treasury balances show available cash at 921,085 dollars and gold reserves at 105,588,900 dollars.
NEW YORK Aug 16 The weekly statement of averages of associated banks shows loans rise 2.00 00 deposits rise circulation rise legal tenders fall 1 233 100 and reserve total 600 400.
The New York associated banks report a further drop in surplus reserve by 1 904 64, bringing excess reserves to 7 136 600 under the 25 percent rule. Loans rose by 3 463 200 while trade deposits increased 206 00, and circulating money edged up 224 6 0 amid stock exchange activity and a steel underwriting dividend.
Private wire advices indicate only minor effect from higher London prices on the New York opening. Market shows irregular changes and a languid tone as investors await potential Southern Pacific bond issuances.
The market opened steady with prices about a fraction higher but showed uneven action as declines in some sectors offset gains in others. Banks posted losses around 1.4 million as reserves fell and loans rose, while Southern Pacific attracted interest for a convertible bond issue, with earnings and outlook praised though dividends may be deferred.
Concord Massachusetts claims the American lead pencil origin from a 1612 census note. War with Britain boosted local craft, a cabinet maker devised a wooden encased graphite pencil, and by 1812 he found a market in Boston. After years of trials he rebuilt a secret formula and grew significant American pencil production.
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