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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Dec 31, 1903
Page
2
Banking house conducts general banking, receives deposits via draft, collects and remits dividends, acts as fiscal agent for corporations, negotiates railroad and other security issues, deals in government bonds and investment securities, and executes commission orders.
New York stock action today saw profit taking amid a steady bid from big interests, especially in steel and railway shares. Banks moved funds, money rates rose briefly, and speculative trading softened as Pacific, United States Steel, and Reading influenced trends through the session.
New York market note predicts a strong advancing stock market tomorrow. The message cites yesterday’s bull activity as a natural, modest move and notes expectations of further gains driven by the current market tone and investor sentiment.
The report covers money market rates in Indianapolis New York London Paris and Berlin with figures for commercial paper call money and time loans. It includes sterling exchange London silver prices and a Treasury statement showing available cash balance gold and Indianapolis clearings with daily comparisons.
Aggregate sales of 120 shares of stock and two Indianapolis Street Railway bonds traded yesterday marking the exchange's largest one day total in some time. Listings include Indianapolis Street Railway Union Traction common and preferred, Capital National Bank, Indiana Hotel, Indiana National Bank, and multiple bonds with prices and par values shown. delivery for issue noted.
Banks and trust companies in Indianapolis will operate as normal Saturday and close only for New Year’s Day. Friday being a holiday, all payments due Friday Saturday and Sunday are payable today. The Indiana Trust Company issued notices that it will not observe the usual Saturday half-holiday this week.
An eight inch steam pipe blast at Kuntz cabinet works in Cleveland left three men fatally injured and four others badly scorched. Names given include Vincent Kuntz George Gable and Adolph Gideon among the likely deceased.
London report says White Star Line orders a steamship about sixty feet longer than the Baltic, which would make it the largest ship in the world. Construction is to start at Belfast, Ireland, immediately.
War reports buoy grain markets as wheat climbs on war rumors while profit taking trims gains. May wheat slides early on large Northwest receipts but rebounds with firmer tone as buyers push prices higher. Corn and oats advance. provisions rise on strong demand and fears of global conflict. Local and export activity, receipts, and cash quotes reflect a cautious, war-influenced trading day across Chicago markets.
Brokers note a mixed session as wheat weak at open but finishes strong on war news from Liverpool. Corn follows wheat, with gains on bullish chatter and strong exports, while overall markets show upticks in demand and dull early trading in a volatile day.
New York reports mixed commodity activity with flour and corn meal steady, rye quiet, and barley dull. Wheat futures show initial steadiness then weakness on Northwest arrivals, closing mixed with a net rise on May and July and a dip for December. spot prices for No 2 red and No 1 northern Duluth noted.
Market notes show wheat and corn each fluctuating across several cities including St Louis and Minneapolis with No 2 red wheat around 91¢ cash and May contracts at higher levels, with soy and barley prices also listed. Cotton, pork, lard, and other staples move modestly while receipts and shipments across districts are reported for the period ending December 30.
At Union Stockyards Indianapolis hog receipts remain steady with improved demand from packers and buyers. Prices hold near yesterday's highs as lighter and heavy hogs move, while cattle and horses see steady to firmer quotes amid rising receipts and sustained demand.
Market reports from New York, Kansas City, Chicago, Pittsburgh, and other hubs show cattle and hog prices varying by region. Strong to higher feeds and veal values contrast with softer overall hog demand, while calves and lambs display mixed gains across multiple markets.
New York reports firm butter and steady eggs with varied dairy prices for creamery, state and Western production. Philadelphia notes firm butter, light cheese demand. Chicago and Kansas City show steady egg prices. St Louis and Cincinnati list steady butter and mixed cheese and wool prices.
A list of real estate transfers filed for record in Marion County, Indiana, for 24 hours ending December 30, 1908, including numerous lot transfers in Irvington, South Park, Berkeley and Crane's North additions, with buyers such as Martha Staffell, William McKee, M. Derry, Minnie Kahn, Annie Borthstein, George Haughey, Robert W. Moore, and others, and noting various property descriptions and prices.
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