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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 19, 1903
Page
3
Union Stockyards Indianapolis December hog trade shows reduced demand from outside buyers and cautious shippers. Full packer activity kept prices from collapsing, with early gains erased to about four twenty to four seventy five per hundredweight. Cattle receipts remained ample while demand for feeders and fat stock showed mixed strength and prices held firm for high grade cattle.
Across Chicago New York East El Paso Kansas City St Louis and Omaha cattle receipts run high with 4 000 head in Chicago and 11 000 hogs in Kansas City. Prices show mixed movement with steers steady to lower, calves active, and sheep and lambs varying by region. Exports none today, high demand noted for choicest beef in several markets.
Combined receipts of sheep and lambs fell versus both last week and a year ago while hog receipts rose sharply. Prices for select hogs topped near 4.00 to 4.55 per hundred weight, steers ranged 4.25 to 5.00 for top lots, with many cattle selling 4.25 to 4.40 and feeders 3.00 to 5.75. Overall weekly hogs up about 10,000, cattle and sheep shifts mixed, market activity described as dull for steer but steady to lower for hogs.
Wheat and corn markets showed bullish sentiment with a firmer close. Reports cited Argentina worries, Russian shipments rising, and better demand for American cereals while moisture shortage in the Southwest persisted. Export activity remained high and Seaboard noted continued demand amid limited pit trading.
In New York the wheat and flour markets showed firmer trading as war talk influenced expectations. Receipts and exports shifted, with spot No. 2 red firm and futures closing higher on December activity amid light Southwest receipts and strong outside demand.
The market traded steady to firm all day with a net advance of 15625 points. Traders noted sales of 114.00 bags across contracts including December at 6.4m, January 6.20G, February 6.45696.56c, and March 6.60 Se, among others.
Market notes and price quotes from Kansas City Cincinnati Duluth Minneapolis New York Philadelphia Chicago Milwaukee and other centers show mixed movements in wheat corn oats and dairy products. Prices edge up in oats and butter while lard and certain pork products slip. wool remains firm and stock shipments listed with receipts.
New Orleans reports steady cotton with 16 500 bales traded and receipts of 11 300. Stock stands at 270 771 bales. Ordinary to good middling quoted 12 1 6d to 12 1 2d. New York closes quiet but 3 4 points higher with middling uplands at 13 1 2 cents and sales of 14 300 bales. Spelter steady and lead firm at 4 17 per hundred in St Louis on December 15.
Bank clearings for the week in Indianapolis show a decrease from the prior year with totals and regional comparisons indicating slower activity. Financial centers report reduced volumes across sectors amid cautious consumer demand and easing loan markets.
H. W. Moore, cashier of the First National Bank of Lafayette, will succeed William P. Churchman as cashier of the Capital National Bank. Churchman will become president of the Capital National on January 12.
The report details promotions on the Pennsylvania lines west of Pittsburgh following H L Miller’s resignation as Vandalia general manager. Benjamin McKeen becomes Vandalia general manager December 15, with other changes effective December 21, including Scriven, Hamilton, Thornton, Barnard, and Conys assuming new roles and offices. The receiver Volney Malott reports October and November finances for the Terre Haute Indianapolis system, showing cash on hand, receipts, and profits. The piece also notes Illinois Central's lack of Des Moines expansion and Erie Railroad promotions including Brownell as president and Richardson as vice president, among others, effective January 1, 194.
Leaders discuss expanded lines and speed as the Erie Railway and connections from Durbin to Indianapolis boost through freight. Union Station showcases a new observation car for trains between New York and St Louis. Executives from Lehigh Valley, Monon, and Burlington systems report progress, dividends, and staffing moves while bids for tunnels under New York and East rivers loom for the Pennsylvania Manhattan terminal project.
Stock holders of Merchants National Bank of Indianapolis must meet January 12 between 10 am and noon at 3 West Wash. St. to elect seven directors for the coming year. Oscar F. Frenzel, Cashier, notes the meeting.
Died James Grant McMahan of Pueblo Colo December funeral from residence 386 Kenwood Ave. Funeral notices and various funeral directors and chapels listed. Sunday church services at First Baptist, Central Christian, First Church of Christ Scientist, Second Church of Christ, Broadway M E, Central Avenue Methodist, Meridian Street Methodist Episcopal, Roberts Park M E, First Presbyterian, Second Presbyterian, Tabernacle, All Souls Unitarian, with pastors and service times. Financial ads and parcel delivery services noted.
A compilation of legal notices including annual meeting details for Terre Haute Indianapolis Railroad Company, dividend declaration by Indianapolis Street Railway, sheriff sales for Marion County properties, attachments, and various court actions. Names include George Parenoton, Henry Jam, and others with dates and court numbers.
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