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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 27, 1901
Page
9
A M Fletcher Banker transacts general banking, receives deposits subject to draft, collects dividends, acts as fiscal agent for corporations, negotiates railroads securities, and deals in government bonds and other investment securities.
CHICAGO Aug 26 grain and provision futures on the Board of Trade closed lower with September wheat down about a half cent and corn down more as weak outside demand and large Northwest receipts weighed on prices. Oats eased and provisions fell for hogs and pork while lard and ribs also declined. shipments and receipts data showed mixed signals as traders reacted to global and domestic supply.
A State Department report from Consul Heenan in Odessa notes Russia experienced an unusual spring this year. Gradual temperature rise benefited crops, with wheat rye oats and barley expected to yield above average.
The New York Produce Exchange reported on Saturday August 24 that wheat stood at 26,007,000 bushels, down 765,000. corn 12,206,000 bushels, down 478,000. oats 5,414,000 bushels, up 367,000. rye 1,022,000 bushels, up 127,000. barley 317,000 bushels, up 65,000.
New York market report shows flour receipts 26,965 barrels, exports 2,215. market quiet and unchanged, closing steady. Wheat receipts 54.40 bushels, exports 395,000. options opened steady then weakened on Northwestern receipts, midday rally faded, close lower across months with specific futures down. Corn and oats weak. spot and futures soften. rye flour and corn meal easy. meats and fats steady to weak amid mixed crop news.
The report lists wheat, corn, oats, and flour prices across Philadelphia Chicago Louisville and other hubs. It notes various futures month quotes and cash prices, along with receipts and shipments of grains and flour for the period.
Commodity snapshots across dairy, poultry and metals. Milk products in steady to firm ranges in New York and Philadelphia. butter, cheese and eggs mixed to firm in several cities. Metals and spirits of turpentine show quiet or dull trading with varied London prices. cotton futures and raw materials activity noted in New Orleans and New York.
The market faced a unsettled session as steel strike prospects and conciliatory reports influenced sentiment. Bears pressed late, while United States Steel led a cautious rally amid mixed London demand and hopes for a Northern Pacific settlement, with total sales around 2.59 million par.
Ind ia n apol is markets show securities prices and local quotations for railways and trusts. New York clearing figures and exchange rates listed. Treasury operations include short term bond purchases and a temporary easing allowing local subtreasury bond buys without Washington referral.
At Indianapolis Interstate Stockyards cattle receipts light and prices steady for few al kinds. Hogs strong to higher with top around 6.40 and midweights near 6.25. Sheep and lambs steady to firm with demand good for top grades. common stock-downward. Prices quoted for several classes across cattle hogs and sheep, with regional variation and comparison to last week.
Private wire advices from Meyer & Kiser report a firm overall market with early strength in Southern Pacific and steel. Reactions followed from liquidation and profit taking as traders priced in a possible week with higher money rates. The analysis notes steel workers strike waning and Shaffer seeking an exit, while rail earnings rise and car shortages persist.
New York reports improved demand for staple cotton with a hardening tone. Sellers grow more conservative amid rising raw cotton values as standard sheetings rise and prints show higher prices while ginghams hold. St Louis notes wool remains steady in medium grades with light demand.
Arthur G Marshall of Cleveland is arraigned in Boston Municipal Court on charges of fleeing justice. He allegedly obtained 11067 in property and notes from W B White, general manager of American Chickie Company, in exchange for stock in Mississippi Valley Lead Company. White later learned the stock was worthless. the missing man was located here and arrested via W J Stone of New York acting for White.
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