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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jan 18, 1902
Page
10
The London Daily Mail reports that new coin issues are regulated by Bank of England stocks rather than dates. Millions of sovereigns and half sovereigns will be sent to the Bank for distribution, copper coinage follows, with silver issues delayed until coronation timing and collectors’ gold pieces limited in number.
A Chicago man who recently embraced the idea that prayer should follow meaning finds his five year old daughter leading devotions with odd phrases. After an earnest plea she ends with a request for green graves and corsets then asks Heaven for grand help.
Renewed confidence lifts grain trade with May wheat easing while corn and oats climb. Provisions turn firmer as rain forecasts and favorable cables spur buying. in Chicago May wheat slips while corn and oats rise, and pork and lard advance.
At New York on January 17 the market for flour and corn showed quiet firmness on exports and foreign demand. Wheat and rye remained steady with occasional declines after initial strength. corn prices rose on expectations of Western receipts, while oats, sugars, and fats held firm or eased slightly amid refined markets.
Market report from Cincinnati and St Louis shows steady crops and items with corn meal and wheat firming. Grain prices mixed with No 2 red and No 2 white futures, pork and dry salted meats firming slightly, and hay and whisky steady amid receipts and shipments data.
New York reports butter receipts 2453 packages with market steady state and varied prices for creamery and factory items. cheese receipts 1190 packages with firm prices for state full cream and late made varieties. Philadelphia, Baltimore, Chicago, Louisville, Kansas City, Cincinnati, and St Louis markets show butter and eggs prices stabilizing or firm, with regional variations across creamery, dairy, and full cream product categories.
A dense city by city wire service roundup lists spirits of turpentine and rosin prices in Savannah Wilmington and New York, plus crude petroleum figures and local poultry quotes. It notes varied rates, steady to firm trend, and regional supply details with occasional bid status and market receipts.
Instrument filings for record in Marion County Indiana cover real estate transfers, mortgage releases, and issued certificates dated to January 17 1902. Names include August C Enders Anna Wright Sarah Gundelfiner Anna Wright Samuel H Richey John Cooper Joel Matlock and others with parcels along Market Street Woodruff Place and East Indianapolis. A list of issued certificates to Indiana residents and references to Spanish-American War era entries appear among the notices.
A Washington Star note states, per the suffragists edict, the New Jersey doctor should now be addressed as Mr Mary Wilkins, reflecting gender identity reforms in professional titles.
New York stocks showed increased activity and a strength cue but overall turnover stayed under 0.5 million shares. Readings led gains among low priced issues while Lackawanna and New Jersey Central rose modestly. Industrial names such as Sugar and General Electric advanced, aided by reports of strong tobacco earnings and rumors of banking returns.
Railway stock notes list Citizens Street Railway fives Belt Railway common and Belt Railway preferred. Includes 202 iso Chicago Stocks Granger Farwell Co s Wire National Biscuit and National Biscuit preferred. Diamond Match.
A compact report from multiple cities on commercial paper loans and clearings. Indiana shows 1% on commercial paper and 6% time loans, with clearings at 1,863,788.78 and balances 126,982.22. New York call money 3.25%, mercantile paper 4.445%, sterling exchange steady with demand bills at 4.87, sixty days at 4.54, commercial bills 4.23 to 4.54. Chicago clearings 29,540,088 with 2,954,520 balances. Boston 26,424,933 and 2,334,875 balances. Philadelphia money 6%, clearings 24,164,720 and balances 2,506,899. Saint Louis money 44.6%, New York exchange premium, clearings 8,540,688 and balances 1,054,?86. Baltimore money 5%, clearings 6,613,989 and balances 571,608. Cincinnati money 4 to 6%, New York exchange premium, clearings 2,269,250. London money 2%, discounts 2 15-16, Consols 3 3/4. Paris rentes 3%, exchange London 1s 2d, Spanish fours 7 78 1. Berlin exchange on London 20m 42p. Silver markets: New York bar silver 44c, Mexican dollars 4 1/2c. London silver bars dull at 59 16d.
Washington Friday treasury balances in the general fund exclude the $15,000,000 gold reserve in redemption. Available cash balance stands at $169,858,429 while gold holdings total $103,607,219.
New York Jan 17 The better sentiment again appeared with more active diversified commission business and bears forced to cover. Manhattan surged on rumors of using new issue stock for Manhattan control but faded. coal stocks D L W led gains while St Paul Atchison Union Pacific rose on late buying and a forecast of a strong bank statement with reserves rising around six to seven million. Money remains easy and banks appear better positioned than a week ago.
Indianap olis market reports mixed results with cattle receipts about 1,300 and supply low yet demand uneven. better grades move, stockers and feeders firmer while hogs show little strength. Other markets show varied activity with cattle steady to lower, hogs steady to lower, and sheep and lambs fluctuating. overall tone remains cautious amid uneven demand and shifting prices.
R G Dun & Co reports ongoing price re adjustment in early January with a general average lower than year start. Cotton prices falter while producers seek fair returns. iron and steel demand remains strong and shipments improve. Footwear up, hides weaken, grain exports fall, and U S failures rise to 34 this week.
Bradstreet's notes a weekly price thaw with weakenings in securities, cereals, pork and dairy products, coffee and sugar, and copper. Western spring jobbing grows. rain needed for wheat regions. iron and steel demand remains strong though pig iron output fell due to car shortages. Wheat and corn exports shift week to week. U S business failures rise to 2 for the week.
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