Time and Money Fly With All of Us
Advertisement urges opening a bank account with $1.00 to start, claiming compound interest will grow funds and presenting a call to action to contact a local bank before money disappears.
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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 15, 1903
Page
2
Advertisement urges opening a bank account with $1.00 to start, claiming compound interest will grow funds and presenting a call to action to contact a local bank before money disappears.
General wholesale conditions show improved tone with a stronger week in west markets. Reports note increased buying, higher activity in steel rails, machinery, and metal products, and better inquiries from country buyers for 1904 stock. Prices largely hold, though coal lines show some softness and Western anthracite remains slow.
Business on commission row showed typical Monday dullness as traders fear slower week ahead if cold weather persists. Eggs firming slightly due to continued cold. range quoted from 10½ to 11 cents. Turkey supply seen rising for Christmas with prices lower than Thanksgiving. local young turkeys around 12 to 13 cents with potential slight advance, receipts lifted by Saturday rain.
Prices paid by shippers for wagon lots are detailed, listing unwashed, washed, and various wool types including Merino, heavy merino, and cottened or dyed varieties. Specifics mention New York, brick, and Imberger as terms in the market, reflecting the era's commodity pricing.
The excerpt lists wholesale and retail prices for butter, game, hides, tallow, candies, nuts, spices, oils, fabrics, and groceries alongside stock market notes. It records per dozen pricing for ducks, game rabbits, and yellow and dark varieties, plus detailed commodity prices, like lard, bacon, apples, lemons, and gingerly labeled items, reflecting a busy trade page.
Indianapolis banks held a 32.9 percent legal reserve the highest among 21 representative cities, with Houston second. The Wall Street Journal compares reserves across San Francisco Columbus Pittsburgh St Joseph Milwaukee Philadelphia Detroit Cleveland Cincinnati New York Washington Baltimore Boston and more. National banks avoid security loans, focusing on commercial lending. NY and national totals show shifts toward conservatism. Bank clearings dropped in November 192 by 19 percent from 1920. New York exchanges led the decline, while the Midwest rose. Wall Street sentiment toward Roosevelt shows mixed friendliness, with market action turning bullish on railroad stocks and Eries and Union Pacific.
Indianapolis shows loans and balances with new figures. New York call money steady at 5 6 percent with various time loan rates. Sterling exchange firm at 1.83 50 for sixty days. Paris and Berlin exchange and interest discounts listed. Silver and Mexican dollar prices noted. Treasury balances in Arlington show available cash and a $150,000,000 gold reserve.
Private wire reports from New York Chicago and Indianapolis note a stronger opening with foreigners and investors boosting demand. Southern Pacific Missouri Pacific and Erie lead gains as belief in easy money and higher future prices spreads through the broad list.
The Gates & Strauss Company of Boston, dealers in women's garments, suspended operations amid a run by creditors sparked by rumors from New York. Liabilities total about $150,000, with the firm expecting the trouble to be temporary. In Paris, French foreign commerce shows imports up by $51,303,200 and exports down by $6,524,200 over the last eleven months.
Chicago trading closes higher for May wheat and corn on rain in Argentina and smaller receipts, with price swings and renewed demand from commission houses. Provisions show a slight dip as hogs influence lard and rib trading. cash grain quotes offer mixed signals amid a tight stock situation.
The article surveys wheat and corn markets with focus on supplies in the Northwest and Southwest, noting light stocks in the Northwest and varying estimates for Kansas and three Northwestern states. It reports Armour’s large holdings, a rebound in flour demand, and exporters’ activity, while describing price influences from freight rates and foreign trade. It includes quotes from George T. Evans and various traders, predicting possible renewed wheat movement and ongoing farm selling in response to high prices.
Transacts a general banking business and receives deposits subject to draft. Collects dividends and remits them. Acts as fiscal agent for corporations and negotiates security issues for railroads and other companies. Deals in government bonds and other investment securities. Commission orders executed.
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