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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jan 25, 1902
Page
10
This excerpt describes a bank or financial house that transacts general banking business and receives deposits subject to draft. It notes dividends collected and remitted, acts as fiscal agent for corporations, negotiates security issues for railroads and other companies, deals in government bonds and investment securities, and states that commission orders are executed.
Chicago bids show May wheat up 4 1/2 cents and corn 4 1/2 higher while oats fall 1/4 cent. Provisions rise on strong hog market as May pork gains about 1/4 cent. Receipts light, weather forecasts bolster grains, and trading remains cautious with no major news.
New York market reports firmer grains with receipts and exports steady. Wheat and corn futures closed near unchanged after brief upswings, while rye, oats, sugar, and coffee held firm or eased slightly.
January 4 reports show mixed commodity prices across cities with flour and wheat steady, corn weak, and pork and lard higher. Prices cited include No 2 red wheat cash at elevator and various futures, with oats, rye, and tobacco notes scattered amid sluggish demand and sale receipts.
Receipts and prices across New York, Philadelphia, Baltimore, Chicago, and other cities show butter firm or higher in some markets with creameries and prints holding steady, while eggs and cheese vary by region. Poultry shows mixed quotes with alive birds weak in New York and dressed birds firmer elsewhere.
A brief market note from New York shows steady demand for cotton goods with staple lines and fancies holding prices and linens edging up amid moderate demand. Metals in St Louis feature easy lead and stagnant spil ter with varied certificate test records and a stray local verse about a boy on the street reflecting on youth and behavior.
Early gains faded as professionals booked profits on a broad selloff led by Sugar and Amalgamated Copper. Short covering later trimmed losses, ending with a firm close. notable activity in American Smelting, Wabash, Western Union, and St. Lawrence & Adirondack following dividend news and Canadian rail link purchase. Cash movement for the week showed banks gaining about 7 million, subtreasury yields at 2.38 million, with bond market remaining active amid mixed loan signals.
National Piscuit prof. Diamond Match. INDIANAPOLIS commercial paper 4% to 6 per cent time loans. New York call money 2 to 2 1 2 per cent. Sterling, exchange rates and bank drafts listed. London Paris Berlin money rates and consols. New York bar silver 5 8 c. Treasury balances show available cash 172,570,992 with 93,550,929 in ONT int.
Realizing profits and a bear raid dominated early New York trading with copper and sugar moves. Reading declines widened from heavy selling by Wasserman, Sturgis, and others while Jersey Central bond issue rumors surfaced and money eased ahead of an expected strong bank statement.
Indiana market notes show cattle receipts down over five days with mixed demand. Prices varied by grade as steers mostly steady to higher for quality, while heavier cattle and common stockers softened. Hogs remain fairly active though receipts down, with year over year declines noted.
The report details hog and sheep trading activity with price movements and quotations across several markets. Buyers faced uneven supply while salesmen pressed for higher prices, as packers bought steadily and shippers paid some advances. Hog sales ranged 3.70 to 26.50 with mixed and heavy headers strong. lambs reached 5.50 to 5.75, yearlings 4.00 to 4.00, and sheep 4.00 to 4.50 with varied culls. Interstate stockyards in Indianapolis and Chicago show steady to firm prices for cattle, calves, and hogs, with stockers and feeders improving and calves at 6.50 to 6.75 in some lots. Buffalo and Louisville regions report mixed results with generally steady to lower sheep and lamb markets and hogs holding near recent highs.
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