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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jan 07, 1902
Page
10
Transacts a general banking business receives deposits subject to draft dividends collected and remitted acts as fiscal agent for corporations and negotiates security issues of railroads and other companies deals in government bonds and other investment securities commission orders executed accounts of banks bankers corporations and individuals solicited.
Wheat climbs to new season highs amid bullish cables and outside demand. Corn and oats gain but lag wheat. provisions hold steady as buyers cover on rising prices. Trade shows strong cash markets in Minneapolis and St Louis with light offerings and active futures.
Heavy speculative activity in wheat at St. Louis on Merchants' Eve sent May futures sharply higher before closing near 51/2c. Prices rose from opening bids as county accounts and southwest crop concerns fueled demand. Reports list cash and track quotes for No 3 red, No 2 hard, and related grains with receipts and shipments tallied across Chicago, Baltimore, Louisville, Liverpool, Cincinnati, and other markets.
NEW YORK CITY January reports list butter receipts totaling 6 502 packages with market firmness and varied pricing among State dairy creamery products at 14 to 25 cents, cheese receipts 1 633 packages with full cream and fancy brands, and butter and cheese prices mixed across cities including Philadelphia and Chicago. Prices for eggs and metals also noted amid a broad market summary.
New Yorks January 6 report shows no improvement in home trade demand. Bids for brown cottons for export appear, but sellers hold firm and little business occurs. Print cloths stay inactive at prior prices while prints and ginghams remain firm but demand quiet.
WORLEANS January 6 report shows cotton sales at 3,400 bales with various grades listed and 15,801 bales in first section. stock at 390,401 bales. Lower middling uplands and Gulf prices noted. ST LOUIS January 6 wool market reports firm prices for medium and washed wool with slight shifts.
The New York Financier publishes a table of totals and reserve percentages for city banks. It lists Bank of New York, Manhattan Company, Merchants National, Mechanics National, America, Phenix, National City, Chemical National, and others with loans, specie, legal reserves, and deposits. Figures show varied reserves and deposits across institutions, reflecting weekly clearings and balances.
New York traders welcomed a sudden lift as New Jersey Central declared a 2 percent dividend, stirring belief of an 8 percent basis. Readings surged, Delaware & Hudson and Minneapolis lines followed with dividend hopes, while overall gains remained limited and few names rose above Saturday. Amalgamated Copper dragged and steady tone persisted through the session.
American firms secure arrangements with Mit sui & Co of New York to supply equipment valued near $806,000 for Tokio’s first electrical traction system. The deal, the largest of its kind for American machinery, is awarded by a far Eastern client.
Cattle receipts in Indianapolis beat Monday totals with buyers bidding lower than last week as steer prices slipped about 15 cents. Good cows and heifers held near steady while feeders and calves showed varied values. Hogs were lightly turned but demand remained active with prices steady to firm, led by local packers. Sheep and lambs were quiet with few arrivals and steady quotes. The Interstate yards in Indianapolis posted similar patterns with scarce stock and price stability across categories.
The summary covers cattle and hog receipts and prices in EAST BUFFALO KANSAS CITY ST. LOUIS LOUISVILLE SOUTH OMAHA CINCINNATI and more. It notes steady to lower cattle values for shippers and varied lamb and sheep prices with strong or steady trends for certain grades and regions.
Instruments filed for record show transfers of numerous lots and parcels across Indianapolis areas from January 6. Names include Clive E Harlan, Chas Smith, John C Hand, Harriett Price, Julian et al, Cynthia J Gray, James B Fred, Jacob Fred, Flora Roberts, John H Kingsbury, Lizzie Fulton, John G McCullough, Mary Cuseerix, John Canserley, Frank Leech, L Denver Darley, Indiana National Bank, George W Stout, Bizie J Ellis, Edward T Ruby, Adelaide Gallet, Campbell H Cobé, and others. Values range from 12,000.08 to 1,500.09 with various township references and street corners noted. Transfers and payments total liquidations and notes of consideration. Also brief notice of a murder trial opening for Merritt Chisholm in McLean County.
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