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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 27, 1901
Page
7
Chicago broad wheat rally leads May with gains as traders price in Southwest winter-wheat damage from lack of snow. Corn eases while oats rise slightly and hog provisions surge on light hog runs and higher yard prices. Receipts vary. futures show volatility with mixed signals across wheat corn and oats.
New York on December 4 reports receipts of 44 959 bushels and exports of 14 365 bushels. Winter patents priced at 37 50 to 75, winter straights 2 95 to 3 00, winter extras 3 00 to 3 15, and winter low grades 2 10 to 2 60. Rye firm No 2 Western at 1 00 f o b afloat. Wheat receipts 174 90 bushels, exports 67 8 bushels, No 2 red at 1 50 f o b afloat, No 1 northern at 1 63 f o b afloat, No 1 hard at 1 60 f o b afloat. Options rise with bullish Southwestern activity and strong market play.
Trading at New York closed with mixed signals as wheat and corn fluctuated amid heavy receipts and light demand. Oats and cotton held firmer spots while beef and pork values edged higher. coffee and sugar markets showed subdued activity with minor price adjustments across various grades and futures contracts.
A fragmented market report lists prices for flour, wheat, corn, oats, and other grains across St Louis Baltimore Cincinnati Minneapolis Toledo and Duluth. It notes firm or higher bids for wheat and corn, mixed results for oats and rye, and varying prices for pork lard bacon and dry goods along with shipment figures and day’s receipts.
New York reports demand steady to firm for butter and varied cheese prices with creameries showing strength while nearby markets in Philadelphia Baltimore Chicago and St Louis reflect mixed butter and cheese trends. Poultry and spirits of turpentine notes appear in other regional briefs with shipment statistics and price levels. A closing literary excerpt from Leslie's Monthly accompanies a Fleet farewell scene at Havana onboard the Kearsarge amid the late December notices.
A New York Stock Exchange session ends with bears retreating as shorts cover, Sugar leads gains amid a broader market rebound. Amalgamated Copper also rises with supportive copper news. railroads show mixed earnings while money remains plentiful. Bond activity steady as wholesale cash returns loom.
The brief listing shows United States teams and events in new and old fours and fives with reg and coup labels. It includes local banks and trust companies, several named banks, and Chicago Stocks sourced from Granger Farwell Co and others, highlighting monetary mentions and securities notes.
Indianapolis market reports cattle receipts small for four days, demand strong with local buyers and outside sources competing. Cattle steady to higher with steers 6.00 plus per cwt, heifers around 5.25, cows 4.50, veal calves 4.50. Hog prices firm, sales 5.40 to 6.50, larger buyers active, market closing strong. Sheep and lambs mixed, good to choice lambs 4.25 to 6.00, yearlings up to 3.00. Interstate entries show improved quotations for good grades. Chicago and other markets display price gains across steer, hog, and sheep categories.
Indianapolis reports commercial paper at 4 percent, time loans 5 to 6 percent, with clearings $1,904,545,683 and balances $167,020.91. New York call money 4 7 percent, prime mercantile paper 4.5 percent, sterling exchange firm. Clearing totals include Chicago and other cities, with London and Paris rates noted and Treasury balances showing available cash of $174,508,875 and cash in transit $116,275,746.
New York reports death of Steeple Joe Lawler at Gouverneur Hospital at age forty. A famed steeplejack and former firefighter, he ascended hundreds of tall structures and tutored many in the trade. His feats included topping the Pulitzer Building dome five times and aiding projects across the country. He served in Cuba and Puerto Rico during the Spanish-American War and helped build Porto Rico’s first military bridge.
Listings show deed transfers under the Indiana Title Guaranty and Loan Co. for December 26 191. Names include Anna R. Shennaker, Mary B. Jenkins, Chas A Offenbacher, Harley S Offenbacher, Rolla Harris, Lucinda C Wiggin ton, James A Curtis, Carl Von Hake, Corrinne L Roberta, Julius Matzke, Gustave Heinze, Ella Stoddard, Samuel Kealing, Jeremiah Foley and others. Lot descriptions span several townships and blocks with final totals and several building permits issued to numerous individuals in Marion and South Indianapolis.
A new record price for a seat on the New York Stock Exchange was set today at 80 dollars. Last Saturday the seat sold for 75 000 dollars, a prior record up to that date.
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