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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 28, 1902
Page
10
Newton Todd seeks purchase of Atlas Works Preferred with Fletcher Bank Building contact. George Bridenbueher, broker for grain provisions stocks, offers trades and immediate settlements. Rooms 14 and 15, Board of Trade, phones 832.
A Pacific crisis over Wake Island claims shows initial reports of US warship action were denied. Washington officials say no ejectment order exists, and Japan has not challenged American sovereignty as talks with Japan's minister clarified Japan made no sovereignty claim.
One of the heaviest rains in memory fell on the Arkansas Valley last night. Streets turned to rivers with many lowland homes flooded. Canon City reported several inches of water on streets. Fruit crop damage is very heavy across the region.
New York trading opened softer with widespread profit taking after Reading first preferred dividend was cut. Strong bloc purchases briefly supported Readings, Illinois Central, and Colorado Fuel, but declines widened as investors reassessed the rally. Subtreasury transfers and weather reports added to unease while United States Express General Electric and Sloss-Sheffield led gains. Total par sales were $2,545,000.
Chicago and New York reports show all grain markets weak amid better weather and poor demand. Wheat, corn, and oats dropped while provisions fluctuated. September wheat off 4c, corn down 3/4c, oats 4c. hogs and lard driven by outside selling and late buying by processors. Receipts and export clearances varied. local activity light with Duluth lacking wheat shipments.
Granger Farwell & Co reports on stock movements including American Can National Biscuit Diamond Match and other listed securities. The notes mention monetary items and market tone with price references amid a brief update of ticker activity.
Indianapolis, New York, Chicago, Boston, St. Louis, Baltimore and Cincinnati data show commercial paper, time loans, and mercantile paper rates. Bank clearings and balances are listed: Indianapolis 1,902,500.52 and 216,017.66. New York call money at 3 to 3.5 percent. Sterling near steady. Chicago sixty day rates around 4.35 to 4.488. Boston clearings 17,882,781. St. Louis money at 5 to 6 percent. Baltimore money at 5 percent. Cincinnati money at 3.5 to 4.6 percent.
London money rates show 2 percent discounts and consols at 94 11 16. Paris reports three percent rents at 2 percent, Spanish fours at 2 40. Private discount at 21 16. Berlin exchange on London at 2m Xpt. New York bar silver at 52 4 8 cents, Mexican dollars at 41 4. London silver bars steady at 24 444 per ounce.
Washington report details Wednesday treasury balances in the general fund excluding the $150,000,000 gold reserve in the redemption division. Availability and extent of gold assets are noted as continuing.
Market notes dull trade across cereals with futures easing on weak cables and favorable weather. Wheat and corn receipts and exports listed, spot No. 2 red at 67 cents, oats steady, hay and beef prices firm, lard and pork ranges noted, coffee and sugar futures mixed amid light demand.
Prices show flour, grain, and bacon trends across St Louis Baltimore Louisville Liverpool Kansas City Toledo Cincinnati Duluth Minneapolis Milwaukee with shifts in wheat corn oats rye and pork products. Notable rates include No 2 hard wheat around 60-66c, corn 38-46c, oats 28-39c, lard near 10.25, and whiskey around 1.31.
Across New York Philadelphia Baltimore Chicago St Louis Cincinnati and other hubs the day’s notes report steady butter and cheese prices, firm eggs, varied poultry quotes, and minor shifts in regional markets. Turpentine rosin and related commodities show firm or unchanged pricing in Savannah and Wilmington trading posts.
Metis metals steady at high, speller ter steady at five dollars and six cents. In Springfield Ohio John Waldron, twelve, was shot and killed by his brother in law Justice Anderson after a play gun misfire. The innocent act led to a fatal head wound and instant death.
Cattle quiet with price changes unimportant. hogs active then softer. sheep strong. Indianapolis market shows varied cattle receipts and steady to lower fat steers, with feeders steady. Hog prices fluctuated, finishing lower than yesterday. sheep and lambs remained firm in places, with lambs commanding high bids.
Frederick M Leonard a Philadelphia lawyer wed Ethel Muriel Grimston daughter of English actors William Hunter Kendal and Mrs Kendal at Second Presbyterian Church. They returned from a wedding tour and will reside at 60 Walnut Street. Grimston had came to America in 1849 amid public interest sparked by her brother Dorrington Grimston’s NY visit. She denied much of the hardships report.
In Lansing on August 27 J R Hunter J W Woodworth MH P Kauffer and N Bickerstaff of the Henderson Ames Co Kalamazoo pleaded guilty to conspiracy to defraud the state through plate military clothing frauds. Hunter Woodworth and Kauffer were fined 2.00 each and Bickerstaff 1.00 with optional prison if unpaid by 2 PM tomorrow.
A name list shows certificates issued to individuals including Jacob Thomas of Union City, J Relasue, Michael Rebhmann of Fort Increase, Samuel Pratt of Prancesville, and Abraham J. Kiine among others. The fragmentary text references multiple individuals and locations with unclear spellings.
A fragment notes police activity and daily city references including St Louis and Terre Haute with mentions of Effingham and routine daily patterns. The garbled text suggests a report of local enforcement or transit notes tied to these places.
Passenger and freight cars depart and arrive on Georgia Meridian streets serving Greenfield Knightstown and intermediate stations. First and last cars run from 5 37 a m to 6 pm with hourly service thereafter. combination passenger and express routes operate from Georgia Meridian to Greenwood. Greenfield service from 7 a m to 9 a m and again in the afternoon with specific departure times.
Mooresville and intermediate points depart Kentucky Avenue at 245 am and 650 pm, then every hour until 62 pm. A second car leaves Mooresville at 68 mm each hour until p m, after which departures start at 10 o'clock. The am car reaches Union Station Indianapolis to connect with Sunday excursions.
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