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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jan 04, 1902
Page
10
A M Fletcher Banker operates general banking services receiving deposits subject to draft. Handles dividends, acts as fiscal agent for corporations, negotiates railway and company securities, and deals in government bonds and investment securities. Executes commission orders and maintains accounts for banks, bankers, corporations, and individuals.
S. A. Fletcher & Co. advertises the Safe Deposit Vault at 36 East Washington Street with 3100 boxes for money bonds wills deeds silverware jewels and valuables. Day and night guard rental ranges from five to forty five dollars per year manager Zoun Starrington.
At Union Stockyards Indianapolis on January 3 cattle receipts totaled 1 250 with five day totals up 1 500 from last week and near 1 000 higher year over year. Better grades sold promptly while some buyers noted firmer to easier tone. Hogs opened steady then weakened slightly with packers fluctuating and a near standstill late in the day. Sheep receipts 600 with five day gain about 4 percent. market steadier for better lambs but some decline in others as demand cooled.
Cattle receipts varied by city with mixed to good demand and firm to higher quotations. Hog prices showed strength with Hilgemier Bros. paying 6 for select heavy hogs and bids across regions ranging from 5.7 to 6.20 for lighter hogs, while sheep and lambs remained steady to higher in some markets and softer in others.
Instruments filed for record in the recorder s office for the 24 hours ending 5 pm Jan 3 192 list numerous parcels in Rosemont Gatling s Outlet Lincoln Park Dunlop and other additions with transfers to individuals such as Arthur V Brown Elta M Armstrong Delia M Devney and Mary Fotheringham plus commercial entities Atlas Engine Works and Allen Lovett. Total transfers 17 with a total consideration of 30147 30 and 2250 respective itemized sums noted. The Philadelphia Press featured a short comic aside about a widow and her late husband with a host reference.
New York early trading showed money market rates dropping to 6 percent as banks reported robust capital movement and a return flow of currency. Stocks fluctuated, with United States Steel holding value better than the general market while Read ing, coalers, and Pa cifics faced pressure. railroad shares and brokers saw notable activity amid rumors of absorption by Vanderbilts. Bond activity remained broad though uneven, with the week’s largest gains in foreign exchange and a tentative improvement in the January clearing-house outlook.
Indianapolis reports commercial paper at 4 percent and 5.6 percent on time loans with balances at 9,225.25. New York call money ranges around 5.46 to 5.47 percent with prime mercantile paper at 5 percent. Sterling exchange shows demand at 4,267.44.87 and sixty day rate at 1.9 with commercial bills 4.50. Chicago posts exchange 4.54 for sixty days and 87 1/2 on demand. New York clearings reach 25,203,829. Boston 27,565,025. Philadelphia clearing at 1140.27 with 9,789,381 balances. Baltimore and Cincinnati note further figures and discounts to par.
London money discounts quoted at 2 22 percent with Consols around 44 percent. Spanish fours at 773s. Berlin shows London exchange at 2m 4&%pfz with short bills at 3 percent and three months bills at 24 percent. Paris notes three percent rentes and exchange on London at 21 le for checks. New York lists bar silver at 86 c and Mexican dollars at 44 c. London silver bars steady at 261-16d per ounce.
Washington Friday treasury balance report lists available cash in the general fund at 171,725,076 dollars and gold reserve in the division of redemption at 219,540 dollars, excluding the 150,000,000 gold reserve.
Postholiday activity remains subdued on wholesale streets and Commission row with little new business expected until mid January. Bills of last year are being paid promptly, helping retailers. eggs and butter stay in short supply and firm prices. Grain receipts light, but cereals hold demand. wheat, corn, oats quoted with specific prices and car counts unchanged. Hay steady at elevated prices. market buyers and sellers show firmer stances.
The list details prices paid by shippers for farm items including turkeys chickens geese cheese butter wax feathers wool hides tallow greases and calf skins with unit prices per dozen pound or unit and quality grades referenced throughout the table of values.
A reader-supplied list shows wholesale rates for candies and nuts including mixed varieties, banners, and kept records. Canned goods feature fruits and vegetables with per pound and per ton figures. Coal and coke prices appear with regional references and occasional misspellings.
A dense catalog of groceries and supplies with prices for coke, oils, salts, sugars, coffee, and produce. It lists numerous brands and regions, plus a nervous wheat market summary and brief grain futures activity in Chicago.
Grain and produce prices drift across the region with wheat cash and futures at several markets led by Chicago Minneapolis and Kansas City reports. Butter and cheese prices ease or hold steady across Philadelphia Baltimore and New York while metals oil and Spirits of turpentine show mixed moves in New York and Charleston.
A New York Tribune discussion notes that size often harms flavor in vegetables and canned goods. Smaller fruits and vegetables taste better and are more economical, while dried fruits can offer winter variety if properly soaked and not overcooked.
New York reports quiet but firm grain trading with wheat and corn futures showing initial weakness then gains on bullish crop news. Wheat settles near unchanged with March at 8 8/8 cents and May around 8 7/8. Corn and oats show steady to firm tone amid smaller receipts and strong westward demand. Other commodities including cottonseed oil, coffee, and refined sugars also move modestly, with mixed spot and futures activity.
Fluctuating prices across flour, corn meal and rye with gains in wheat futures. Livestock and hay values steady. whisky unchanged. Regional bulletins from St Louis Baltimore and Liverpool note mixed activity and cautious demand at the start of the year.
New York Louisville St Louis and Chicago markets report varied poultry prices with dressed and alive birds steady to firm. Prices listed include springers chickens and turkeys with ranges in cents per pound and per unit across multiple cities.
Reports from New York and New Orleans on cotton conditions show a generally quiet market with modest mail and shipments. Prices firm for bleached and coarse colored cottons and linens, with new Orleans quotations for 2,950 bales and stocks at 349,716. New York closes lower on middling upland and gulf varying around 8.50 to 9.16 cents per pound.
New York Evening Post notes Gen Henry L Abbott and geologist Angelo Hellprin warn Nicaragua canal faces earthquake and volcanic shock dangers. Mentions 1901 San Juan quake reports and argues Panama route is safer against natural disturbances. Press and engineers debate route merits amid controversy over speculative risks.
Certificates issued to veterans and widows include Indiantans such as Starr Manning Lake Grimes Bedford Addison Beem Magrelia and others with varied pension amounts. Names appear with towns like Plymouth Spartanburg Valparaiso and New Castle and amounts ranging from 8 to 12 dollars. The list includes multiple spellings and partial OCR remnants.
A Harper's Weekly discussion argues against complete secrecy between spouses. It condemns the idea of total disclosure while noting the burden of detailing every private trial, especially when it concerns shared finances and personal temptations within the home.
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