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This newspaper page contains 18 articles. Subscribers can read the full text of each article.

Newspaper

The Indianapolis Journal

Location

Indianapolis, Indiana, United States of America

Date

Dec 02, 1903

Page

2

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

Also Mentioned on This Page

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 Kentucky Lsc Utah Ieee New South Victoria South Australia West Australia New Zealand Bremsy Badgis Giatack Ns Natai 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 Olls Oil City Lima Savannah Soc. Rosin Wilmington Rosin Montpelier North Lima South Lima Charleston ST. Uts Noses Springs Springs Bas Dalen Cemary Ib le Coton Stanly Galen Peorl Tm Aloes Metals Lo’ Dee Ssesssersecss Oon MB
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