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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 26, 1901
Page
7
Grocers and dry goods dealers saw their busiest week of the year through Aug 4 with volume near record highs. Fruits and vegetables moved well, tomatoes and peaches especially abundant, while wheat prices softened and overall provisions and dry goods markets held steady amid strong poultry and egg demand.
The notice itemizes diverse goods including indigo, magnesia, morphine preparations, oils, soaps, salts, and perfumes, alongside extensive textile and cloth merchandise. It lists numerous brands and regional suppliers such as Androscoggin, Cabot, Dwight Anchor, Fruit of the Loom, and Gilded Age, plus city price quotes for sugar, coffee, flour, and groceries.
A dispatch from the General Land Office reports that total receipts from Oklahoma new town lot sales through August 21 amount to 49,427 dollars. Lawton sold 1,086 lots for 351,905 dollars, Anadarko 1,043 lots for 179,2, and Hobart 1,123 lots for 128,377 dollars. Assistant Commissioner Richards, in charge of sales, estimates the final grand total may reach 700,000 dollars.
In Cleveland on August 2 divers recovered the body of Albert Vidincourte, a victim of Disaster No. 3, from the aft shaft eighty feet below the surface. Four other victims are believed buried under thirty feet of mud and may take days to reach.
New York Aug 2 The children of Vice President Roosevelt are improving at Roosevelt Hospital The Vice President spent part of the day in the reception room.
In New York on August 24, trading closed steady after profits-taking earlier in the week. Investors welcomed the weekly mercantile review and Franco-Turkish settlement, with leaders in activity including Atchison, Erie, Pacifics, Amalgamated Copper, and Sugar. Despite some pullback in rails and steel, the market held near the top as professionals supported prices and outlooks for outsiders to return Monday.
New York filing to list extra United States Steel securities shows exchange basis. One US Steel preferred for 2 3 Shelby Steel Tube preferred shares. One US Steel common for four Shelby Steel Tube common shares. Shelby counts 50,000 preferred and 81,000 common shares.
Indianapolis shows commercial paper at 4 and 5 percent on time loans with clearings of 1,099,489.22 and balances 139,298.40. New York reports call money at 2 percent, sterling bills around 9.64 percent, and large clearing totals reaching 164 million. Chicago posts 4.55 to 7.575 percent exchange rates with clearings near 19.76 million. Boston clears 169,387 with 1.468 million balances. Philadelphia lists money rates around 4.47 to 4.56 percent with 15.89 million in clearings. St Louis reports 4 percent money and a New York exchange discount bid. Cincinnati shows money and time discount with 2.12 million in clearings. London cites various count rates and time bills at about 23-16. Bullion movements noted at the Bank of England.
New York market opened firm and strong with broad participation led by Gould stocks. Missouri Pacific saw buying amid talk of Southwest combinations and a Wabash split with Missouri Pacific and Pennsylvania. Baltimore & Ohio and Western favorites advanced, while St Paul Union Pacific Southern Pacific topped leaders. Bank statement praised and money easy as shorts covered.
New York August 4 There was no London market today but commission business is improving and strong interests are advancing prices. Traders anticipate a good advance on increased earnings and general improvements and expect higher prices next week.
The Associated Banks report increases in loans deposits and reserves for the week ending today while circulation and legal tenders fall. Excess reserves rise to 18,148,100 under the 45 percent rule as subtreasury movements and interior transfers affect cash flow, including Australian gold payments and pension disbursements.
The week shows banks gaining 1,246,11 dollars after net losses to the treasury of 112 dollars, with a fragile 0 percent apparent weekly gain. A surge for Philadelphia funds prompts shipments of currency estimated between 1.5 and 3 million dollars, potentially offsetting gains. Bank loans rise by 3,027,140 dollars, deposits up 3,520.40, and the gold reserve falls to 18,145.1090. On Monday the treasury will receive 1 million in bonds and assay certificates from Yukon gold deposits in San Francisco.
Chicago markets show September wheat closing a shade higher and corn down similarly, oats weaker, provisions steady. Export activity small with 12 loads reported for wheat. Seaboard clearances at 572,000 bushels. Receipts mix across Minneapolis, Duluth, and local elevators. cash grain slow with modest price moves.
New York August 4 Wheat receipts 9,345 bu and 2,2990 bu spot strong 2 red on elevator at 75 5/8 cents. Corn and oats active and mixed with wheat. options steady, limited offerings. Rye flour steady, barley dull, hay steady. Prices quoted across winter patents, Minnesota patents and No 2 Western to balance demand.
A garbled OCR fragment lists varied items and prices across domestic goods. The text includes terms like quiet, fair refining, various product codes, and multiple numeric prices, resembling a market or store inventory snippet with incomplete details.
The report compiles August trading chatter from St Louis Baltimore Cincinnati and other ports. It notes refiners steady at price levels and Western markets showing firmness while receipts and nearby futures hold steady or modestly revised. Prices across butter cheese and meats range with some gains in lard and pork while grains show mixed futures and spot changes in wheat corn and oats.
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