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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 02, 1901
Page
7
New York stock notes show Amalgamated Copper edging higher yet finishing with a daily decline as overall market weakness deepens. Copper futures touch 72 1/2 cents while Brooklyn Rapid Transit slides nearly four points on October earnings drop. Traders eye gold export risks as bank liquidity and London rates shape demand for bonds and shares across Amalgamated, Sugar, People's Gas, and steel stocks amid a cautious week.
The New York Financier publishes a table of bank reserves and balances for New York City plus data for Indianapolis Chicago Boston Philadelphia St. Louis Baltimore Cincinnati. It discusses cash in transit from San Francisco and possible gold transfers to Europe, with remarks on interior money movement and a deranged Thanksgiving week bank statement.
Profit taking draped all pits as December wheat fell about a half to three quarters of a cent, corn slipped to around 62 cents, and oats edged lower. Provisions stayed mostly unchanged to down with hogs pressured by country selling and early strength fading. Trade opened weak with lighter outside interest and varied activity across futures, receipts noted for wheat, corn, oats, and hogs, while cash grain and slaughter prices moved in tandem with the day’s losses.
Fragmentary OCR notes reference Loose Leaf 4.0 accounting, Copeland, and an address at 927 Stevenson Building. Details are incomplete and place names or events are not clearly connected to a news item or report.
At Union Stock Yards Indianapolis the cattle market showed smaller weekly volume with a slight price improvement for fat cattle while hogs gained about ten cents on good demand. Sheep remained steady with limited supplies and overall market activity stayed firm across cattle hogs and sheep despite some lingering uncertainty.
In a deadly night crash between the ferryboats San Rafael and Sausalito, at least twenty were injured and three people are known missing, including W G Crandall of Sau salito and George Tredway, a San Rafael waiter, with a three year old child from Ross Valley feared drowned. A body believed to be Crandall washed ashore as rescue efforts continue and officials say the death toll may rise over the coming days.
London reports money discounts at 3 percent with consols at 91 3 16 for money and 92 3 16 for January. Spanish fours at 72 1/2. Paris notes three percent rent for the account and London checks. Berlin notes London exchange at 20m 43 1/4 pf. Short bills 3 percent, three month bills 2. New York sees bar silver at 5 16 cents and Mexican dollars at 43 cents. London silver bars at 26 4/4 an ounce.
The New York port reports imports of specie totaling 11 947 in gold and 6 662 in silver. Exported silver and gold amount to 1 087 080 and 270 702 respectively. Imports of dry goods and merchandise are valued at 11- (text cut).
The general fund cash balance is 167 841 164 with a net available amount of 106 670 440 excluding the 15 000 008 word reserve in the division of redemption.
New York November 3 The Associated Banks weekly statement shows loans rising by 97 108 200 dollars and deposits increasing for the period to date. Figures indicate gains in circulation and total resources as banks report improved liquidity.
Private wire reports show mixed action with large inside buying in Amalgamated Copper but overall market weakness in late sessions. Copper sentiment remains uneasy as steel underwriting loans fail to lift prices while room traders drive a broad price decline.
New York November 30 Pina set up to push prices higher if Amalgamated Copper holds its own It did briefly then fell as stock was dumped and short covering dominated The rest of the market followed with some recoveries but mostly short covering Money may tighten before Wednesday with no material rate rise expected If Amalgamated slows next week the market will likely follow. if it improves there will be wider uplift.
Muskegon December 1 reports engineer James Tate killed when a flywheel burst at the Central Paper Company mill. The blast damaged the building, estimated at 93.00 in value, and left 160 workers temporarily unemployed.
A promotional notice discusses Murat Halstead and William McKinley, promoting life accounts and a subscriber sale. It promises books at low prices to subscribers, with limited supply and per-copy restrictions.
Market notes list flour varieties and prices in St Louis and other centers. Corn meal and wheat prices quoted, pork and bacon prices steady. Transportation and bagged grain shipments referenced with mixed commodities and prices across several locations.
A rough OCR snapshot lists fruits and produce prices including apples and peaches, plus seed and grass, with itemized plant goods and odd figures. It shifts to commodity prices across cities such as Baltimore and Kansas City, touching on wheat, corn, oats, rye, and various futures with scattered numbers and units.
Market reports from New York Philadelphia St Louis Cincinnati and New Orleans cover butter cheese eggs poultry and wool prices. Notes include steady to firm dairy items and mixed metal and dry goods activity with regional price points and trading patterns.
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