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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 12, 1901
Page
10
A M Fletcher Banker transacts a broad banking service including deposit taking subject to draft, dividend collection and remittance, acts as fiscal agent for corporations, negotiates securities for railroads and other firms, deals in government bonds and investment securities, executes commission orders, and solicits accounts of banks bankers corporations and individuals.
New York parlors report year end dampened outlook with money market strain. Call money climbs to 10 percent amid gold and coin shipments and Treasury transfers while subtreasury declines signal tightening liquidity. Amalgamated Copper steadies market as stocks dip and bonds show activity.
Street-Railway and Belt securities listed with bonds and shares. Indianapolis loans 4 to 6 percent, balances $190,383.91. New York call money 6 to 10 percent, mercantile paper 4 to 5 percent. Clearings totals show Chicago, Boston, Philadelphia, St. Louis, Baltimore, Cincinnati figures. London and Paris money markets cited. Treasury balances report available cash and gold reserve totals for Washington.
Private wire reports show Amalgamated Copper failing to rally and sliding heavy through the session, with a likely dividend cut to 4 percent. Union Pacific and St. Paul under pressure, Missouri Pacific with some inside support, and Keene backing Manhattan during weakness. Louisville supported despite liquidation. banks bear losses estimated around four million. Subtreasury bond purchases noted. Markets dominated by money rates, with ongoing liquidation and short selling seen as scalping, hinting at lower prices into week’s end.
Instruments filed for record show multiple transfers in Marion County Indiana through December 11 1901. Notable entries include Gustav G Schmidt to Wm J Snyder for undivided shares in multiple lots, Elizabeth Pfleger to Adolph H Schell Schmidt, Addison Nordyke et al to Lucy Flowers, and Arthur Porter to John Tilford Thrasher. Transfers total 43040.98 with several properties near Washington Street East Street and Grandview areas, plus payments to local builders and firms.
Certificates issued to named Indians and widows for the original war with Spain and restoration. Names include Charles L. Krider Wanatah Jacob Eichsteadt, William E Shorb Pierceton Orin Bentley Laporte Andrew J Swatte Pittsburg Samuel E Martin Darlington Thomas H Minks West Terre Haute John Dearmin Indianapolis Joseph S Hoover A M Hancher Dundee Hugo Duenwee Terre Haute Nelson B Pilcher Monument City Caswell Giles Springville William A Mosier Osgood Peter Kimmel Madison Susan Dearmin Cordelia Uncles Bealesville Catharine Logan and others receive amounts ranging from 3 to 30 dollars.
Universal selling in grains today shifted market control to bears with May wheat down to 2S%c and provisions 2c lower. May oats and corn fell amid large receipts and liquidations as commission houses pressed selling. Local receipts totaled 115 cars for wheat and 133 for corn with Seaboard clearances 365,000 bu. Pork and ribs also eased with January pork at 16.55 and ribs at 8.45.
Market updates show weak cash bread markets with No. 2 red wheat at 44 1 4 c f o b afloat and nearby futures slipping. Corn and oats follow the decline as export figures and receipts are reported. mixed notes on rye and lard ease amid selling pressure. Regional quotes across Louisville Cincinnati and Chicago reflect softer prices in dairy, livestock, and oils with steady to firm spot rosin and turpentine in coastal markets.
Market notes from St Louis and Baltimore show mixed grain and livestock prices with declines in wheat and corn futures. Prices for flour, oats, rye, lard, bacon, and hay vary by city and grade, with receipts reported and softening futures in some months. Use of obsolete terms and garbled OCR limits precise figures.
Cattle market fairly active at about prior prices. Hogs dull with a drop of ten to fifteen cents. Sheep weaker. Receipts 1,400 cattle and 200 shipments. Market conditions unsatisfactory with abundant supplies and mixed quality. prime steers sold near $6.50 for top yearlings, with many prices softer toward close.
Hog receipts over three days show a drop of more than 15000 versus last week with today’s volume near last week. Demand from local packers is weak and prices vary, leaving a cautious market and slow sales, while sheep and lambs volume is light and prices subdued though some bidders seek steady cattle demand.
The snippet lists train schedules for Union Traction Lines with departures from Station 119 Union Block at W Maryland Street for multiple destinations including Anderson and Muncie. It also compiles a dense set of cattle, livestock, and meat market prices from New York, South Omaha, East Buffalo, Louisville, and Cincinnati, noting receipts and price ranges for steers, cows, calves, hogs, and lambs across markets, with some tendered weights and bids.
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