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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 10, 1901
Page
10
Market notes indicate tallow steady with mixed terms, coffee and molasses sugar marking steady to mildly steady. Cotton-seed and refined sugar cite stable refining and prices, with several quotations such as 39-22e and 5.4 for crushed sugar and 4%c for granulated.
A report from St Louis to New York shows flour and grain prices firming, with No 2 red wheat around 54 to 76 cents and corn higher. Butter and lard steady, oats and rye mixed, and hogs and meats at varied levels. Prices in Liverpool and Kansas City mirror the trend, while tobacco and cotton trade remain cautious. regional values for butter, eggs, cheese, and meats are listed.
In Chicago traders faced heavy selling and profit taking as liquidations and short sales dominated trading. May wheat surged to a new crop high despite earlier declines, with prices finishing modestly up while corn and oats fell and provisions showed mixed movement amid broad market nervousness.
New York reports stronger flour and wheat futures with spot prices firm for winter and Minnesota patents, and a later vigorous rally with heavy covering pushing prices to new crop highs. Wheat receipts tally large, with corresponding declines in early options before closing mixed to firm. rye and corn meal show firmer quotes as markets react to West Coast rains and global supply signals.
A long list of certificates issued to numerous Indiana residents and towns spans Samuel Sills Edward Peck Samuel Wray George Washi Evansville Timothy Splan Lewis Brown M. Mann Francis M. Waineinscott Isaac Reynernon Enoch B. Smith Augustus Loveland John eromsey Joseph Pickle George Cooper Zemro A Smith Joseph Dent geil Jonathan Haney John Barbie William Terre Haute Alpheus N. Rood Andrew Rhoads Alexander Ktrisman Joseph L. Mitchell Caroline J. Whitcomb Nancy Simpkins Margt McKinney Lavina Smith Mary A. Danner Huldah Ross Abigail Fisher Ruth Ward Lucinda Ulrich Lydia Shepherd Catherine Klinger Elisa Kaseon Younce Lucinda eter sonville.
A volatile day on New York markets saw a late rally in Amalgamated Copper and several rails and industrials claw back gains, but a 7 percent call loan rate spooked traders and dragged prices toward the day’s lows. St Paul and Manhattan faltered, while Gould railroads and General Electric helped lift the market at times amid liquidity shifts and foreign exchange moves.
Citizens Street railway fives and Belt Railway common and preferred issues listed among Chicago stocks. The compact report notes trading activity and relative performance for these railway shares in the Chicago market.
Granger Farwell and Co reports trade wire with National Biscuit Co and National Biscuit professor Diamond Match mentioned along with scattered letters and unclear data indicating a brief industry notice.
Indianapolis reports commercial paper at 6 percent with time loans firm. New York call money at 5 to 7 percent, prime mercantile paper 4 to 5 percent. Sterling and New York exchange firm. London and European rates noted. Treasury balance shows available cash of 172,263,499 dollars with gold reserve of 113,201,920.
In Omaha on December 9 depositors lined up to withdraw from City Savings Bank amid rumors it was tied to Omaha Loan and Trust Company. Vice President Flack clarified the bank’s separation, noting four tellers paid out funds while many customers withdrew then redeposited. Bank officials had large gold on hand. Charles E. Bates said vaults held enough to cover 97 percent of deposits with rest available on ten minutes’ notice.
Instruments fled for records in Marion County Indiana show transfers involving numerous lots in Indianapolis suburbs and city blocks. The list includes buyers such as Oscar A Jose, Anna M Hauck, and Edward E Shelton, and sellers like John W Sleight and Harriet A Malpas, with conveyances across Woodruff Place and Fletcher add areas. Total transfers amount to 87,759.00 with assorted lot descriptions and nearby street references.
A State Department dispatch from Consul Ojulii in Erzeroum reports a severe earthquake that collapsed many houses, killed twenty people and injured eleven. The U.S. consulate suffered substantial damage but saved the typewritten records. five major shocks have occurred with more minor quakes. The consul anticipates remaining in tents through winter and seeks safe relocation for his family.
The trial of J Worth Carnahan the Washington publisher began in the United States Court in Columbus. A demurrer to the indictment was overruled and the trial proceeded. Carnahan's former agents, connected with pension schemes, were brought from the penitentiary to testify.
Homer reports a new gas well in Fulton farm area near Columbus. The well shows a daily output of a thousand cubic feet and was drilled to depth not fully clear. Mount Vernon Natural Gas confirms the find in the county.
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