Stock Market Forces Mixed in Turbulent Day
Trading ended with mixed results as Union Stock Yards report shows hog receipts fell from a week and year ago while cattle arrivals held steady. Packers trimmed bids, shippers struggled to move consignments, and prices slipped from yesterday's levels amid weak demand and sporadic activity. In New York, stock activity rose with hints of professional manipulation, Erie earnings declines and Reading gains offset by rising costs. Gold price in London rose as money market stayed firm. call loans hit 7 percent and copper weakened locally.
MENTIONED IN THIS ARTICLE
Union Stockyards
Indianapolis
Dec
New York
Erie
Republic Steel
San Francisco
New Orleans
Saeed Pete
Ee Cn
Local Financial Gossip and Money Market Outlook
There is no sign of money scarcity around January. Dividends at year start will use funds but conditions stay steady with 5 to 6 percent for legitimate business. A banker in Indianapolis cited. a Chicago writer notes December tension and January disbursements. Currency outflow from East to Interior crops is mostly over. returns from West and South rise after year end. Meyer & Kiser report no alarm over money, high rates may ease soon. banks should improve gradually. Business conditions have improved, with orders rising. American Car and Foundry President Eaton notes only a small Terre Haute plant closure. A United States Investor piece says big interests are dormant in stocks, but prolonged inactivity unlikely. current monetary conditions do not justify extended action.
MENTIONED IN THIS ARTICLE
Chicago
New Orleans
San Francisco
Meyer & Kiser
Wall-street
Terre Haute
Ind
Eaton
American Car and Foundry Company
United States
Henry Clews
Cotton and stocks buoyant amid cautious outlook
New York market reports cotton rising 5 points on slim crop hopes and government yield fears. Analysts cite Panama canal payments boosting exchange, with gold imports checked. Stock gains driven by railroad lists and improving sentiment. promise of profits by year end amid dividend attraction and strong industrials.
Old Gould-Cassatt Rumor Reignites Wabash Advances
Indianapolis wire reports say Gould and Cassatt factions may settle differences, boosting Wabash shares as debenture bonds rise on talk of retiring them for a new 4 percent issue. Foreign buying also lent support amid a broadening market and renewed dividend speculation in public stocks.
MENTIONED IN THIS ARTICLE
A. W. Thompson
Indianapolis
New York
Republic Iron and Steel
Gould and
Cassatt
Gould
Bullish stock market outlook with Japanese gold demand
New York reports a strong bullish market likely to lift levels by year end. Absence of manipulation noted and investment absorption by Northern Southern and foreign buyers cited as a key factor. Gold engagements in Japan seen as support for continued favorable balance of trade and rising shares including Atchison Union Pacific Rock Island Southern Pacific Wabash Erie and Baltimore & Ohio. Bullish talk on St Paul mentioned as a potential driver.
MENTIONED IN THIS ARTICLE
Atchison Ovseses
Atchison
Baltimore
Canadian & O
Pacific Central of New
Chesapeake Ia
Delaware & Frataon
del. Lack
Denver & Rio Grande
Erie
Great Northern
Hocking Valley
Illinois Central
Town
Iowa
Nat. R.ees
New York
Norfolk & Wi
Ontario & Western N Poi
Ivanta
P. Sewbeevres
Ag Orat
Ne Ti Ing Second Co. No
St. L
St. L. Southwest
St. St. Paul Paul
Southern Elfie
Southern Railway
le Southern Railway
Texas & Pacific
Tol
St. U T
Tooth
Union Pacific
Wisconsin Central
Adams American United Stat Wells-Fargo
Amal
Ci Car and Foundry
Anaconda Mining
Brooklyn Rapid Transit
Consolidated Gas Col. and Hocking
International
Inter
Paper Vase
Rel Gite International
Pullman Palace
Republic Steel
Reblic Steel
U. S
United States
Western Union
Japan
Orient
Rock Island
Southern Pacific
Wabash, Erie
Baltimore & Ohio
St. Paul
Steady and Uniform Advance in Market Trade
New York warns of ongoing upward drift in stocks with Wabash and BR debentures leading gains. Southern railroads, Rock Island, and major issues like New York Central and Pennsylvania advance. steel shares firm as call money arced to high levels amid cautious intra-day gains.
MENTIONED IN THIS ARTICLE
Meyer & Kiser
Indianapolis
New York
Louisville & Nashville
Rock Island
New York Central
Pennsylvania
St. Paul
Union Pacific
Baltimore & Ohio
Reading
Erie
Rail shares rise amid steady gains in New York market
Porterfield and Co reports a continued upward movement in New York trading with fractional gains. Rails lead the advance with Louisville & Nashville and Southern Railway common prominent. Gould issues stay in the vanguard while Missouri Pacific climbs $2 since yesterday morning.
MENTIONED IN THIS ARTICLE
Porterfield & Co
Indianapolis
New York
Louisville & Nashville
Southern Railway
Gould
Missouri Pacific
Indianapolis and New York Money Rates Mixed in Daily Bulletin
Commercial paper and time loans show varying rates in Indianapolis with strong New York call money at 6 to 8 percent and bankers' bills, sterling exchange, and commercial bills trading near 4.79 to 4.83.40. The report notes clearings at 1,124,902.44 and prime mercantile paper at 5 percent in places, with firm long-term moneys and domestic rates cited across markets.
MENTIONED IN THIS ARTICLE
Indianapolis
New York
Prime Mercantile Pasept
Sterling Exchange
Demeet A
World Money and Market Wrap From International Rates
The item reports currency and discount rates across major markets including INDON and PARIS with 3% central rates, Paris rentes at 8f 45¢, and London checks at 25f 19%. It notes Berlin discount scales, silver market quotes in New York and London, and previews the Treasury balance statement with available cash in the general fund and a $150,000,000 gold reserve in redemption.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
Washington
Treasury
Monthly Statement of Public Finances and Debts 1903
The monthly statement shows total public debt at 925,829,410 dollars with a monthly increase of 35,426,909 while the debt proper decreased about 4 million. It lists interest bearing debt, non-interest debt, and notes offset by cash, plus a cash balance of 269,237,429. November receipts totaled 44,492,644 with expenditures 47,427,788, a 2,735,194 deficit. Customs receipts 19,220,347. internal revenue 21,235,511. miscellaneous 4,236,735. War Dept spending fell by 1,450,000 and navy spending rose. Currency circulation reached 421,106,979 at year end, with bonds and coinage details and notes for Philippine and Venezuela coinage.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury of
Philippine Islands
War Department
Navy
National Bank
United States
Pera
Mint
Venezuela
Grain Market Conditions Report From Early Trade
Receipts of wheat and corn look lighter due to a 2c rise per 100 lbs in seaboard grain rates impacting both foreign and domestic shipments. Local corn prices eased while Eastern exporters may raise prices to offset higher freight costs. Primary wheat receipts rose, corn declined, and total stocks are expected to fall further with continued light arrivals.
MENTIONED IN THIS ARTICLE
Seaboard
Indianapolis
Marketwide Wheat Declines As Argentina Weather Bets Weigh
Reports of excellent harvest weather in Argentina and rising elevator stocks sparked liquidation across wheat futures in Chicago trading. May prices slipped from early gains and December closed notably lower, with corn and oats following a similar trend amid light deliveries and steady demand from commissions.
MENTIONED IN THIS ARTICLE
Chicago
Argentina
Minneapolis
Duluth
May
Jane Wary
Wholesale Commodity and Market Report Harvest Season Notes
Market activity steady with firmer tone in grains and oils, led by futures gains as buyers return from shorts. Wheat No. 2 red in Chicago and Minneapolis quoted firm, oats mixed, corn steady. cottonseed, molasses, and sugar futures show modest gains amid light selling and continued demand from importers. Prices in St Louis and Cincinnati reflect cautious optimism with ongoing regional trading and price stabilization across commodities.
MENTIONED IN THIS ARTICLE
Pacific
Rio Seay
Pachannlly
Reed
Wheat and corn markets ease amid May selloff in Chicago
In Chicago trading on December wheat contracts margins shifted as the chief bull interest sold May in Milwaukee. Smaller bulls booked profits while conditions, not news, guided sentiment. No December deliveries occurred, with expectations of a delivery window post navigation. Local car inspection ran 143 cars of No 4 with no grade reported.
MENTIONED IN THIS ARTICLE
Meyer & Kiser
Indianapolis
Chicago
Milwaukee
Duluth
Minneapolis
Wheat and corn futures market report from Chicago
Albert R. Thompson & Co reports early wheat strength with December leading and local shipments reaching 456000 bushels as two days push to a million. Cables slow, Southwest receipts high, foreign crop news favorable but Argentina weather unsettled. Later wheat slipped below Monday, minor recovery, corn demand steady with May parity and limited liquidity in futures.
MENTIONED IN THIS ARTICLE
Albert R. Thompson & Co
Indianapolis
Chicago
Southwest
Drop in New Corn Prices as Freight Rate Rises
Local cash prices for new corn fall due to a higher grain freight rate to the seaboard. A general one cent cut was made yesterday, with nonstandard grades quoted around zero to a few cents. Wheat remains steady at Monday levels with No 2 red and November at about six cents.
MENTIONED IN THIS ARTICLE
Louisville
Saboard
Seaboard
Mameos
Thompson Co opens statistics department inviting inquiries
Albert R. Thompson & Co announces the opening of a Department of Statistics and invites correspondence. Address 6 10 Lombard Building and 31 Board of Trade Bid, Philadelphia. The notice lists assorted market reports from across the country including butter, cheese, eggs, spirits, rosin, crude petroleum, poultry, and cotton futures.
MENTIONED IN THIS ARTICLE
Lombard
Board of Trade
Union National Stock Blocks Sold At 101 On Stock Exchange
Two large blocks of Union National Bank stock totaling one hundred shares sold at 101 yesterday on the Stock Exchange. A bid of 10 for fifty more shares followed but no offer appeared. This marks the second $10,000 worth sold in the past two to three weeks as general list prices remain unchanged. Local brokers seek twelve members. Quotations list Indiana Hi Company and others with Union National and Union Traction noted among securities.
MENTIONED IN THIS ARTICLE
Union National Bank
Stock Exchange
Union National
Ask Indiana Hi Company
Indiana Manufacturing
Ind
Bank i Law Building
Marion Trust
New Castle
New Ty
Union Traction
Union Trust Companian Camp Hardware
Broad Ripple Traction
Citizens’ Street Railroad
Delaware & Madison Co
Home Heating and Lighting Co
Indianapolis & Greenfield
Indianapolis & Eastern
Indianap
S & Martineville R. T
Indianapolis, Cal. & Southern
Indianapolis Gas Company
Indianapolis Street Railway
Indianapolis Water Fves
Main Kokomo Railway
Merchants’ Heat and L
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Lathrop & Haueisen
Ianapolis Street
Diana Trust Co
Home Brewing Co
Umbia National Bank
Lew Telephone Co
Telope Union Traction
Indiana
Union Traction of
Indianapel Fire Ins Co
BOND
Newton Todd
Fletcher Bank ‘Building
A. Fletcher & CO
East Washington Street
William A. Hughes
Baker-Vawter CO
J. O. Copeland
Stevenson
U. Green
Stocks
Eat
Ea Ee Ee National Biscuits
Soren Ay
Pibadhneiees
A. W. Thomson
Cincinnati Streetrailway Company
Twin City Transit Company
Seg. T'S
It. Ul
Emacs
Republican and Steel Company
Treasury Statement
Omar
Ada
Thomson
Armour
di Milwaukee
Spencer
St. Louis
Albert A. Beon & Co
Europe
Milmincon & Co
Cooper & Oddy
Chioe
Timothy
Cork
W. N. Harding
Charles M. Cooper
Parker City
Princeton
Tole Ds
Suny’ Rasen
Canan Rand
PH Oil, Gas and Refining CO
Law
O. B
Vnal F
Beene
Se Eunhy
Tim
Se Futures Firm
Manitoba
Andorthwest
Sets
Cincinnati
St. Louis, Baltimore
Boston
Michigan
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Lsc
Utah
Ieee
New South
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South Australia
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Bremsy
Badgis
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Teamsy
Heene
Exes
TRADI
INN General
Wool
Thos. C. Day
Albert R. Thompson &Co
Chicago Board of Trade
Chicago Stock Exchange
Socuntin
Lse
Hirata
Philadelphia
Star
City
Kansas
Whitewood
ST. Deere
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Charleston
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Galen
Peorl Tm
Aloes
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