Indiana Trust Company Statement of Condition Oct 31 193
Local securities, their condition. Indiana Trust Company presents resources totaling 1,548,? 90.69 and liabilities plus profits around 1,000,000.00 with figures 236,370.82 and 4,623,516.87. Directors and officers listed: Frenzel president, Frederick vice president, James F Failey second, John A Butler secretary, Frank treasurer, John E Casey auditor, HB Adam assistant secretary. Local industrial companies banks and trust stocks are traded day by day.
MENTIONED IN THIS ARTICLE
Frenzel
Frederick
James F. Failey
John A. Butler
Frank
John E. Casey
HB. Adam
Gibraiis Spon
Banks and Trust
New Record High Prices in the Cotton Market
New York clients report a strong cotton market with prices reaching wartime highs as shorts and bullish locals drive buying. Traders expect potential further gains before year end, while some anticipate a sharp reaction and caution the short side.
MENTIONED IN THIS ARTICLE
A. R. Thompson & Co
New York
Shorts
Rangers
Stocks Move Upward In Broad Market Gains
The New York Stock Exchange logged widespread gains across the list with many obscure issues rising, while some high grade stocks like General Electric and Westinghouse Electric saw notable activity. Bond trading remained firm and money markets eased as year end reserve levels rose and bank liquidity improved amid holiday sentiment.
MENTIONED IN THIS ARTICLE
New York
Dec
New York Stock Exchange
Lake Shore
Treasuries
General Electric
Westinghouse Electric
New Orleans
Wall Street
Jagger Hen
Haveen
Sevsay
Brooklyn
Sip
Local Financial Gossip and Market Outlook
The stock market was dull with few closes. A brighter tone is expected after Christmas with a livelier Incan situation post January 1. Treasury checks for bonds due January 1 will begin mailing soon. Bank money gains suggest a favorable statement. railroads may drive early 20th century funding.
MENTIONED IN THIS ARTICLE
Stock Exchange
Treasury Department
Total Ideas Jones
Market Review Sketches Cheaper Money Space Ahead
The report notes weakness in sterling with expectations of a very cheap money market in January. War news is conflicting while stock markets ignore diverse reports. Grains react to conflict rumors, cotton remains unaffected. The outlook suggests the cloud will pass.
Money Market Rates and Exchange in Major Cities
Indianapolis reports commercial paper at 6 percent and time loans at 5 6 percent. New York shows money on call steady at 3 4 1/2 percent and time loans easy at 5 percent for all dates. Prime mercantile paper sits around 5 6 percent, sterling exchange weak with bankers' bills at 4.30 to 4.84 and posted rates near 4.85.
MENTIONED IN THIS ARTICLE
Indianapolis
New York
Prime Mercantile
Sterling Exchange
Financial Market Notes and Clearings Report
London money prices show 4 percent discounts at 34 3 percent. Paris three percent rente at 97 57. Berlin exchange London at 2m 43 percent checks, discount rate 3 percent. New York bar silver at 55 1 2 c. Mexican dollars 43 c. London silver bars 25 13 16d per ounce. Indianapolis clears Thursday 1,188,645.82. week clears 4,043,815.27. year ago 4,997,999. Short week this year.
MENTIONED IN THIS ARTICLE
London
Consols
Wigan
Paris
Berlin
Exchange
New, York
Foreclosure sale of Michigan Telephone Company upheld
Judge Swan of the United States Circuit Court confirmed the foreclosure sale to N. W. Harris for 4.1 million dollars for the Michigan Telephone Company. Petitions by Charles Flowers and Samuel T. Douglass seeking to set aside the sale were dismissed. An appeal to the U S Court of Appeals in Cincinnati is anticipated.
MENTIONED IN THIS ARTICLE
Detroit
Swan
United States Circuit Court
Michigan Telephone Company
N. W. Harris
Charles Flowers
Samuel T. Douglass
Protective Committee
United States Court of Appeals
Cincinnati
Private Wire Advices On Condition Of Securities
New York stock market opened strong and showed a tendency to rise. Focused gains appeared in specialties while belief grows that post year end investments in bonds and dividend stocks will lift markets. Analysts note strength, but predict limited near term bull activity with a drift to higher levels.
MENTIONED IN THIS ARTICLE
Porterfield & Co
TA. W. Thomson
New York
London
Meyer & Kiser
Lst
Baltimore & Ohio
Rock Island
Consolidated Gas
People’s Gas
General Electric
Louisville & Nashville
A. R. Thompson & Co
Missouri Pacific
Southern Pacific
St. Paul
Day of Short Covering Pushes May Wheat to New High
May wheat closed 4c higher on a broadly firm market amid fears of Russo-Japanese war escalation and strong demand from Armour. Corn and oats rose modestly as futures were buoyed by abroad markets, light local receipts, and speculative buying. Provisions gained with a strong hog market supporting May pork and lard, while weather hindered movement.
MENTIONED IN THIS ARTICLE
Chicago
Far East
Russia
Japan
Armour
Nowgsy
Minneapolis
Duluth
Heigher
Soya
Ae Bey
Duil Andveasy
Northwestern
Timothy
Oasis
Cordova
Brokers' Views on the Wheat and Corn Markets
Chicago December reports show May wheat rising to 84 1 4 cents amid Eastern war fears. Gains faded as selling touched the market near a price peak. Rain in the Southwest and higher Northwestern receipts weigh on corn, with delays in movement due to wet weather.
MENTIONED IN THIS ARTICLE
Northwestern
Minneapolis
Seaboard
Gorn
Wheat Market Rises Amid War Rumors and Holiday Short Covering
No. 2 red wheat climbed to a new local high at 58% cents as holiday weeks and rising option demand push prices higher. Traders anticipate further strength after the new year with mills set to run at full capacity and crude war fears affecting short positions.
Wheat market strength and war fear drive short covering
The report describes a strong Chicago wheat market with May reaching new highs as short sellers cover amid fears of wartime developments abroad over the holiday. It notes related movement in corn and oats, lingering distress over soft corn, and broad market traction with prices advancing and some profit-taking near the close.
Mixed Grain and Coffee Markets React to War Rumors
New York reports dull but firm markets across flour and wheat with sizable receipts and exports. Wheat and corn futures show early gains eroded by large supplies, while coffee futures opened firm on European demand before partial liquidation and a steady close.
Trade notes and grain prices from St Louis and Kansas City
Market report shows flour, corn meal, hay and oats prices steady to higher in St Louis with receipts of flour and grains. Kansas City section lists wheat and corn quotes by grade, with mixed No 2 white and No 2 hard around middle values and bulk meats steady as futures context. dates indicate late December trading activity.
MENTIONED IN THIS ARTICLE
Atchison
Atchison Pfd
O. Wes
Peake & Ohio
Chicago & Alton A
Chicago
Chicago & Northw
St. Louis
Colo
Delaware Hudson
West
Denver & Rio Grande
Erie
Hocking Valle
Hocking Valley
Illinois
Lowa
Kansas City
Manhattanville & Nashville
Maihisis
Minneapolis & St. Louis
Kansas & GS
New York Central
Norfolk & Western Oy
Ots
Norf
Eas
Ontario & Weste
Pennsylvania
Mg Co
San
Minneapolis
Duluth
Oates
Timothy
Noyt
Saha
Liverpool
Ocertotec
Milwaukee
Bample
East Track
Fiat
Government spending and economy urged in Roosevelt message
The Wall Street Journal notes the first five fiscal weeks show receipts slightly exceeding expenditures by about 4.9 million dollars. It cites President Roosevelt’s call for prudent appropriations to prevent revenue from dropping below needs. It questions whether rising government outlays outpace economic growth over twenty years, amid population and wealth increases.
MENTIONED IN THIS ARTICLE
The
Wall Street Journal
Roosevelt
United States
New York
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Home Brewing Co
Indiana Trust Co
Lathrop & Haueisen Ccs Law Building
Minnesota
Thos. C. Day
Co Lew Building
Indianapolis Fire
Indianapolis Street
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Mme
Newton Todd
Fletcher Bank
A. Fletcher & CO
Tate Deposit Vault
East
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William A. Hughes
Indiana Trust Building
Handbook On
Indianapolis Securities
Indiana Trust Company
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Harper's Magazine
Professor Hale
Yerkes Observatory
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Nem
Aioe
Eee
Oes
Es Ce
Shaw
Treasury
Chicago, Rock Island & Pacific Company
Chicago, Rock Island & Pacific Railway Company
Wisconsin Central
Adams
Tars
Amc and F
American Lin Ou
eeenee +s
Wetee
Brook Ie Transit
Columbus & Hock
General International Electric
OM International Paper
Eases International Pump
Internat
Pacific Mall
People's Gas Steel
Pullman Palace
Republic Steel
Neee Public Steel
Pennerr
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Board OF Trade
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Phin
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Socinane
Nary
Gulf
Ube
Manitoba
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