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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jan 14, 1902
Page
10
Chicago trading on January fifteenth shows Bear pressure driving May wheat down by fractions, corn steady, oats unchanged, and provisions easing. Mixed signals from European shipments and visible supply influenced prices while receipts and futures moved with selling late day.
The itemized notes show prices for pork products, tallow, coffee, sugar varieties, and molasses, with several figures in dollars and cents. Terms like continental, South American, standard A, confectioners A, and No. 6 to No. 13 sugar refer to grades or types.
New York traders dominated by professionals pushed prices 1 to 2 points below last week as a general market decline continued. Despite brief cover rallies, Gains faded. Union Pacific and Atchison debentures, copper shading, and the Northern Securities case cooling speculation weighed on sentiment. United States Steel reports and large anticipated expenditures framed the downturn.
A Granger Farwell & Co wire lists Indiana Trust Company Merchants' National Bank Union Company and mentions American Can National Biscuit Diamond Match with bid price details. The fragment notes various company names and a bid price but lacks context or outcomes.
Indianapolis clearings and balances. New York call money and mercantile paper. Chicago and Boston dollar exchange. Philadelphia money. Baltimore and Cincinnati money. London Paris Berlin rates. New York bar silver and Mexican dollars. Washington treasury statement shows available cash balance 171,686,254 and gold 108,608,411 with $160,000,000 gold reserve in redemption.
Market report from St Louis and Cincinnati covers prices for flour, wheat, corn, oats, rye, and bacon with varied regional quotes. Includes receipts and shipments, plus notes on butter, sugar, lard, whisky, and other commodities across several cities. Named places include St Louis Cincinnati Baltimore Louisville and Kansas City with month day references Jan 13.
New York trading reports show heavy liquidation influenced by possible Supreme Court action on Minnesota and Northern Securities. Atchison weak on bond issue fears, Amalgamated Copper down after price cut, London sellers active, market outlook bleak with cautious covering efforts fading in afternoon trading.
In Indianapolis the live stock market shows steady demand for cattle with a fair supply. Cattle receipts about 30 head, better quality than usual, steady prices with active competition. steers around 1,221 pounds average at roughly 5.86 per hundredweight, cows and calves mixed. Hog trading moderate, activity steady, buyers cautious due to weaker prices elsewhere. Sheep quiet and steady.
Interstate Stockyards at Indianapol is Jan 13 market rundown shows no cattle receipts or shipments while prices hold last week. Good to choice steers 1200-1350 lbs quoted 6.50 6.75 with various fat and feeding categories and steady demand from local buyers. Hogs scarce with sales at 5.00 6.20 and top heavy hogs at 6.40 6.50, bulls and lambs also noted, East Buffalo and Kansas City markets listed with steady to higher trends and strong shipping demand.
Instruments filed for record in the Marion County recorder’s office for the 24 hours ending 5 pm January 1, 1900. Names include Anna Rooke, John Powell, Samuel A. Hamilton, Linus Reem, Louisa A. Wright, Augustus Behmer, Arthur G. Fosdyke, Levey W. Dooley, Wm. Schrowe, James Kerr, Wayne Township entries, and multiple lot transfers in Belmont, Reagan Park, Willard Place, and Hyde Park adds. Noted values include 1400.89 and 3000.05 with numerous lot and block references and property descriptions.
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