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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 21, 1902
Page
11
The New York Tribune explains how eight bells marks naval time from noon to midnight, with half hour strikes, and how the system differs among navies. It covers who reports the time, the dog watch, and additional duties of the ship bell such as church tolls, burial calls, fog signals, and fire drills.
A Philadelphia Record note quotes a doctor who says most nervous people are affected by color. He cites Miss Alice Roosevelt leaving the White House for New York due to yellow wallpaper in her sleeping room and nightmare effects. He suggests green as the most restful color for nerve-sensitive individuals.
In a Roxborough family Bible dating back over seventy years, the great grandmother of the current owner penned medical rules. The handwritten guidance includes remedies such as brimstone in a pocket for cramps, an onion in the ear for hiccups, and instructions to eat peanuts before bed to combat consumption.
New York bankers provide a 59 million emergency credit to calm markets and shift focus to Venezuelan tensions. The piece ties the steel trust strategy to Standard Oil, notes H C Frick's role, and explains underwriting pressures on wealthy investors who rushed subscriptions, later forced to pay up as liquidity tightened.
The piece discusses the $50 million Protection fund and the hidden reserves bankers use to weather crises. It notes increased capital at New York banks and a secret emergency pool uncovered after a past embezzlement, suggesting banks hold far more liquidity than visible in official statements and can mobilize tens of millions in crises.
Washington Post notes a grand social season planned at the White House with Mrs Roosevelt and key senator wives playing leading roles. Social leaders include Mrs Elkins of West Virginia, Mrs Alger, Mrs Fairbanks, Mrs Foraker, and Mrs Hansbrough, who host receptions and influence the capital's social scene. The entry also highlights Senator Alger, Spooner, Burrows, Clark, Hanna, and Cameron households and their wives, all shaping Washington society for the season.
Admiral Dewey, then executive officer, faced fifty mutineers below decks armed with pistols. He ordered the roll with a pistol in each hand, threatening death to those who did not answer. The first name John Jones failed to respond and was shot as Dewey called the roll again. The mutiny was quelled as men began to line up on deck.
New York stock traders faced a muted session led by professionals as the market waited on the money market. A bankers' protective pool reassured lenders, helping bonds hold firm and stocks rally after a bank statement noted reserve adjustments. Sugar and Texas Pacific showed notable moves while foreign exchange remained soft, supporting renewed market confidence.
London reports money at 24 percent, four and three sixteen percent. Paris shows three percent rente for account. Berlin records exchange on London at 20m 43gpt for checks.
INDIANAPOLIS Commercial paper 4 9 6 percent time loans 5 6 percent. Clearings 1 959 206 balances 215 420 48 CHICAGO Clearings 22 457 267 balances 2 495 781 BOSTON Clearings 19 500 158 balances 1 751 931 ST LOUIS Money steady at 5 0 6 percent New York exchange Tc premium Clearings 9 599 257 balances 764 946 CINCINNATI Money 6 percent New York exchange par Clearings 2 464 950 In abaf zone Call money nominal no randoma Time none? eessaye. Prine a mont! gad Bineeed eee Rey
Washington report indicates Saturday ante balances in the treasury including available cash and a division of redemption totaling 15 million dollars with gold balances noted.
New York December reports show loans and deposits fell while circulation and specie fluctuated. Banks hold excess reserve of 5,008,000, with U S deposits at 15,143,100, and cash movements suggest shrinking money markets but anticipated steady capital and dividend activity through early year.
New York December 9 private wire report says trading was light and aimed at professionals. London prices edged higher while U S activity stayed soft. Texas Pacific surged to 41 1 2 as heavy volume pushed, then slipped back. Bank statement came in favorable with small reserve gain and $3 5 million loan drop, and a $1 slump in specie.
In New York on December 2 a $50,000,000 syndicate has boosted market confidence. Lenders clear evidence of a strong market, aiding the anticipated stabilization and encouraging new lending activity.
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