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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jul 02, 1901
Page
7
A M Fletcher banker transacts a general banking business handling deposits drafts and dividends. He acts as fiscal agent for corporate clients and negotiates railroad and other securities. He deals in government bonds and investment securities and solicits accounts of banks bankers corporations and individuals.
The Union Trust Company presents itself as a conservative firm with vast resources and expertise in money investment. It offers to advise or manage funds for individuals who prefer not to handle investments themselves and promotes time deposits as a secure option. Offices are listed as Nos. 118 and 122 East Market Street.
The Central Trust Co lists assets including mortgage loans and collateral loans with a total balance of 692,772 dollars and 17 cents. Officers named: Charles E. Coffin president, Ovid B. Jameson and Charles E. Holloway vice presidents, Augustus Jennings secretary, M. M. Williams cashier, with other listed directors.
Cattle receipts were 175 with no shipments, demand weak and prices barely steady compared with last week. Heifers at 4.25, cows at 3.70, calves at 6.50. hogs 4.20 to 5.25 range with steady weekend prices. sheep arrivals small but generally satisfactory, with price ranges around 5.50 to 6.50 for lambs.
Market results show lambs above 5 dollars and sheep at 3.25, with a cautious outlook. Interstate Yards in Indianapolis report steady cattle with strong demand and varied steer and heifer prices. hogs mixed with steady to firm quotes. Chicago and other hubs show broad cattle, hog, and sheep price ranges with steady to softer tone. receipts and shipments vary across locations, reflecting fluctuating demand and weights.
Wholesale trade on Monday showed subdued activity as traveling salesmen took vacations and stocktaking reduced business. Demand remained strong for sugar and coffee, with sugar prices unsettled and coffee firm. Fruit and vegetable receipts stayed high though hot weather accelerated spoilage. watermelons, cantaloupes in demand, berries plentiful but weak in price. Potatoes, cabbage and onions weak with improving potato quality. Live poultry demand spicy ahead of July fourth. young chickens improving in size. Butter remains well cleared, cheese steady, eggs firm. Provisions brisk in jobbing trade. druggists strong. Oils hardening. dry goods quiet. cotton prices firm. leather and hides active with expected gains. seed and wool weak. Grain shows slight uptick but receipts light. corn prices uneasy amid long-term concerns.
A list of 1901 real estate deeds filed in the Marion County recorder's office through July 1 includes transfers for Crown Hill Cemetery, Bybee and Watts West Side additions, Irvington, Brookside and Woodlawn areas, with parcels on Dillon avenue Capitol and Michigan streets and others. Notable sellers include Hugh, Page, and Moss, buyers include Roberts, Hen, and Kessler, with total recorded consideration around 61 000 dollars and various lot lots and fractional parcels across multiple townships.
New York reports higher prices expected on stock activity failed to materialize as July disbursements delayed demand. Steel strike impacts US Steel and rivals weighed on prices while drought fears in Missouri Kansas and Texas pressured corn carriers. Notable gains in Iowa Central and New York Chicago & St. Louis contrasted with broad weakness in many rails and other leading issues. Total sales near 1.9 million dollars.
In Indianapolis market notes details on commercial loans and call money rates. Mentions time loans around 66 percent, panel and call money in New York at 6 percent. References to mercantile paper and lending rates appear with scattered figures and incomplete phrases.
Posted rates and banking figures from Chicago New York Philadelphia St Louis Cincinnati London Paris and Berlin. Details include sixty day and demand exchange quotes clearings balances and discounts for money three months and short bills with bullion and silver prices noted.
Chicago markets opened with heated activity as drought in the Northwest sparked a brisk corn rally while rains in Kansas tempered wheat gains. September corn firmed to around 46% to 48c, then ended mixed with slight gains. September wheat fell modestly with oats up and provisions down. World shipments and primary receipts shift as traders weigh heat, rain and crop prospects.
In New York on July 1, flour receipts reach 14,147 barrels with exports at 14,757 bushels, while the market stays neglected and nominally lower. Wheat receipts total 342,250 bushels with 299,227 bushels exported. spot grain mixed as No 2 red and No 1 northern Duluth offerings fluctuate. Options begin firm with corn but decline on liquidation amid favorable crop prospects. closes show net declines with mixed activity in July and September contracts.
A gas company announces pre payment meters for parties using artificial gas with no deposit. Service from main to property line provided free, connections and meter installation free, gas sold at one dollar per thousand. Only charge is service from property line to meter. Satisfaction guaranteed. Call at Gas Office for information.
Market brief notes the Indianapolis Gas Co is ending options activity for 33 stocks with options inactive. Beef firm family holdings referenced, with scattered prices and commodity mentions including lard tallow sugar and coffee, reflecting a chaotic OCR page of commodity quotes and company names.
Market reports from Baltimore New York and other cities show varied prices for grains, lard, corn meal, hay, and cotton along with weekly receipts and exports. Notable items include No 2 red wheat quotes, starch and lard prices, and linseed oil futures rising amid broader trade activity.
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