Wealth grows from saving, not high earnings
A reflection on frugality noting that true wealth comes from what you save rather than what you earn, urging prudent financial habits and long term planning.
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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 23, 1902
Page
10
A reflection on frugality noting that true wealth comes from what you save rather than what you earn, urging prudent financial habits and long term planning.
A notice states deposits of $1.00 and upward are accepted at any time. There is no required minimum beyond the initial amount and no obligation to deposit at specified periods.
Fragmentary OCR listing multiple Indianapolis utilities and companies such as Gas Co Water Co Citizens Street Railway Union Traction Co and new telephone ventures referencing the Law Building and Belt Railroad with partial entries for Indianapolis Fire Insurance Co. The readable items indicate a historical city notice of corporate names and locations without a clear action or date.
The live stock market shows cattle scarce and strong with higher prices, hogs active and firm to higher, sheep slightly lower, and other markets in mixed condition. Cattle receipts were about 200. steers brought 3.61 to 4.40, heifers to 3.50s, cows 5 to 7. The report notes limited grade variety due to holiday timing and presents representative sales figures for steers, stockers, heifers, cows, and calves with ranges for good to choice lots and common stock.
Cattle and hog prices varied across major markets with overall strength in midweek trading. Strong demand pushed top steers and lambs higher while common grades stayed softer, and receipts remained moderate across Indianapolis Chicago New York Buffalo and Kansas City yards.
In Minneapolis Times notes Miss Hulda Jensen reportedly skipped rope 125 times without a break. Doctors fear she may become paraplegic if she survives, underscoring the era’s dramatic health warnings and the unusual endurance anecdote.
New York stock activity showed strong breadth with leading issues like Missouri Pacific New York Central and Northern Securities lifting sentiment though a feverish sugar market caused slight irregularity at close. Rumors of dividend boosts and rights issues circulated while copper and coal related stocks gained on favorable reports. Bond sales remained solid and currency movements suggested external factors, including heavier New Orleans shipments and a muted sterling outlook.
The New York Financier lists bank reserve totals and changes for New York City. Reports include commercial paper rates in Indianapolis, call and time money in New York, sterling exchange levels, and bank clearings and balances across major cities. International markets show London and Paris rates, with Berlin and room for Treasury balances in Washington.
Record of instruments filed for the 24 hours ending Dec 22 1902 in Marion County Indiana shows multiple property transfers. Buyers include Joe Hennessy Amelia Kirk Patrick W Hughes Walter J Ear Mary K Buehler and William M Kirk among others with total consideration listed at 39496 dollars across ten transfers. Properties span Brightwood Windhurst Place Belmont add Lower West Indianapolis and West Park add with various lots and outlots noted.
An itemized list mentions names and addresses including Albert Munzer 2315 West Tenth J W and N Griffith East Tenth and W G Conk 246-8 Bellefontaine Hec A Schmalfiecang West Henry John Ebert 408 West South with amounts such as 1300 and 600 and Efroymson 1420-2 North New Jersey.
A list of veteran certificate pensions issued to numerous Indiamans and widows or dependents. The entries include names such as George Bear Summitville Ivan S wards Francis Wilson Calvin C Terrell and many others with varying amounts from 0 to 30 dollars. The list also notes Mexican war service for Elza Wagoner Gosport and designates Widows Minors and Dependent Relatives recipients like Lucy A Moore and Catherine May.
Holiday quietness swept grain markets as May wheat closed up 4 percent amid strong provisions and higher prices. Corn and oats rose modestly while receipts and bearish Russian crop estimates weighed on sentiment. May wheat traded between 77 7/8 and 74 7/8 cents, finishing near the day’s top.
The Chicago Post comments on a new bank note issue bearing a former President’s portrait and a line about Ben Harrison. It praises a convivial, neighborly tone in public documents, suggesting society will refer to leaders by affectionate first names like Teddy and Abe while reaffirming republican, democratic ideals. The piece notes the trend could extend to everyday financial records and notes of exchange.
Fragmentary text discusses a court calling a union account and rent issues with mentions of Wesley O. Howard and idle phrases. The readable content is insufficient to determine names, places, dates, or a coherent event.
New York receipts and exports outline flour 27 175 barrels export 14 875. wheat receipts 101 400. corn receipts 86 100. oats 63 000. rice and coffee rates listed. Spot prices given for No 2 red wheat 79 cents, No 2 yellow 61 percent, oats No 2 38 cents, refined sugars and molasses steady. Futures show quiet to firm, January to May wheat trading between 43 and 58 5/8 cents. lard and refined products steady, coffee spot Rio mild trends noted.
Trade in general quotations from St Louis Baltimore and Cincinnati shows flour prices steady to firm. Wheat and corn fluctuate with futures notes and cash bids. prices listed for flour, meal, bran, rye, oats, and pork products. Regional bids from St Louis Baltimore Liverpool and Cincinnati reflect mixed demand and daily receipts.
Theodore H. Price of 71 Wall Street New York announces guidance for January cotton contracts. He urges holders to seek their own best interests, avoid liquidating large quantities via tender of a few bales, and to contact him by mail or wire for delivery arrangements and loan notices until further notice.
Transacts general banking business including deposits serving as fiscal agent, dividends remitted, and drafts. Negotiates securities for railroads and other companies. Deals in government bonds and investment securities. Commission orders executed.
Across Savannah Wilmington Charleston and other cities, various prices for turpentine rosin and poultry are noted. Turpentine ranges around 1.70 to 1.75 in places. poultry prices firm with hens springs and turkeys cited. cotton and metals listings show modest activity and price levels.
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