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The Indianapolis Journal in Indianapolis, Indiana

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

The Indianapolis Journal

Location

Indianapolis, Indiana, United States of America

Date

Jul 08, 1902

Page

10

Railroad stocks show strong grain and coal activity

In New York July 7 traders closed commitments ahead of a three day holiday. Grain carrier rails led gains with Rock Island jumping 54 points and Missouri Pacific advancing. Soft coal lines Pennsylvania and Hocking Valley firmed as anthracite mining lagged. Overall market cooled after early strength amid weak bank statements and currency demand. Bond demand remained firm with total par sales of 2 759 000.

New York Rock Island Missouri Pacific Pennsylvania Hocking Valley United States

Money market and exchange rates from major cities

Reports show varying rates across cities with clearings and balances: Indianapolis clears 1,664,853.44 dollars with 127,681.17 balances. New York call money at 5.75 6 per cent. London and Paris exchange figures and discount rates. New York bar silver at 52 1/2 per cent, Mexican dollars at 42 per cent. London silver bars steady at 244d.

Indianapolis New York Prime Mercantile Paper Sterling Exchange Firm M.myeliy Chicago New York Exchange Boston Philadelphia ST. Louis Baltimore Cincinnati London Paris Berlin

Banker Listing of Services and Functions

The text outlines a banking entity that transacts general banking business receives deposits subject to draft and collects dividends remitting them. It acts as fiscal agent for corporations and negotiates security issues for railroads and other companies. It deals in government bonds and other investment securities and executes commission orders.

Treasury balances reveal available funds and gold reserve

Washington reports Monday balances in the general fund excluding the 150 million dollar gold reserve. Available cash stands at 203,183,614 dollars while the gold reserve totals 103,687,026 dollars in the division of redemption.

Washington Treasury

New Suit Filed Over United States Steel Stock Conversion

A new suit in Trenton New Jersey seeks to restrain United States Steel Corporation from converting preferred stock into bonds. Vice Chancellor Emery granted a rule to show cause returnable July 15 in Newark with a temporary order restraining the conversion. J P Morgan & Co are named as defendants along with all Steel directors. The suit, brought by Hopkins Brothers, claims dominance by Morgan and allies in the board. In Kansas City, Judge Mook denied the Christ ie Grain and Stock Company bucket shop, setting up an appeal to the U S Supreme Court.

Trenton N. J United States Steel Corporation Court of Chancery Emery Newark Miram Berger Steel Corporation of J. P. Morgan J. P. Morgan & Co Kansas City Mook United States Chicago Board of Trade Christie Grain and Stock Company Chicago Board United States Supreme Court

Steamers Collide in Thick Fog at Boston Harbor

In foggy conditions a collision occurred between the Cumberland of the Eastern Steamboat Company and the Admiral Farragut of United Fruit Company in Boston harbor. The Cumberland sank near the dock but landed passengers safely. the Farragut returned to berth with damage.

Boston Eastern Steamboat Company Cumberland United Fruit Company Admiral Farragut Tessengers

July Corn Rally as Coterie Controls Trade

Chicago notes show July corn forced higher by a private group of traders amid rains in the West. September corn advances, wheat fluctuates, oats slip early then recover, while July corn closes fractionally higher as shorts cover slightly. Provisions rise on strong demand and shorter positions despite mixed cash markets.

Chicago St. Louis West Shorts Minneapolis Duluth Seaboard Northwestern New York Minnesota Brandywine Ainate State

Trade in General. Markets across cities report changes

The July reports show flour, wheat, corn, and pork prices shift across Cincinnati Louisville Baltimore and other centers. Wheat and corn move on cash and futures, while lard and bacon climb. Butter, eggs, and dairy products edge higher in some spots, with varied pork and beef prices noted in key markets.

Live Stock Markets Report From Indianapolis and Nearby

Hog prices rise as buyers push demand higher while cattle and sheep markets show mixed signals. Receipts on Monday included 700 hogs and 2% cattle, with steers and heifers trading at steady to firm levels and calves strengthening, while hogs reach multi year highs. Interstate stockyards reflect regional activity with strong hogs and variable cattle demand, and Buffalo and Kansas City summaries parallel the trend with steady or cautious pricing.

Union Stockyards Indianapolis Interstate East Buffalo Kansas City Texas Ribet ST. Louts Cattie Hecanas Siesdy Rome Louisville South Omassa Sps Westertia Selzer East Liberty Leo Hister

Passenger and freight cars schedules and market report

Passenger cars depart Georgia and Meridian. first at 9 am, last at 1 pm. Freight cars arrive Georgia Meridian at 5 am and 9 am, depart 9 am and 3 pm. Combined Georgia Meridian for Green at 2:33 pm and 3:20 pm. Indianapolis routes from Pennsylvania and Washington: first car at 9 am, last at 1 am. Market notes include higher receipts for cattle, hogs, and sheep. Western cattle steady, hogs higher. lambs strong in St Louis and other cities.

Georgia Indian Meridian G Ja Meridian Streets Indianapolis Greenwood Pennsylvania Washington Streets Sam Iam

Also Mentioned on This Page

AmeRican Eee Ee National Bank O of Indiana Trust CO Aead of Security Ofrs THE Atlas Engine New Telephone Co Union Trust Co American National Bank 395 Law Building Newton Todd Fletcher Bank Building Indianapolis Gas Indianapolis Street Terre Haute & Indianapolis R. R Indianapolis Trust Co Home Brewing Co Indiana Granger Farwell & Co Bankers New Tel New York Stock Exchange Albert R. Thompson Mar Pennsylvania Street Main U.S. Scale Co Terre Haute Furnish Capital Furnish Mfg Indiana Investment and Adjustment Co Stevenson Building Ind HW. Youprxe Press J. L. Moomg Fixcut Delaware and Madison Counties New Telephone Company New Telephone New Jules Distance Telephone Company Harry B. Gates & CO Fletcher Bank First Consol GEO Teides Bucher Nome Board of ‘Trade Je Williams Omce Great Western Chi Chi Chi. T Orado Southern Del Lack, & West Denver & Rio Grande Rss & R. G Erie Firet Eria Secon Great Sale Iowa Central Iowa Manua Oy Southern K. Cc. S Enesreens Manhattan Dal Mexican Central Met Sts National Ry Mex Minn Kan New Jersey New York Central Norfolk & Western N. Se Ontario & Western Ivania St. IL L. Southwestern LL. Southwest West Paul UX Southern Railway Southern Allway Texas & Pacific West So St. 1 Union Pact Union Pacific Wheeling & Lal Wisconsin Central Wis Central Express Adams American Wells Fargo Timseed OU F. Peer Leco Smelt Anaconda Mining Brook Rapid Trans Col Fuel Consolidated Gas Iron Tobacco General Electric Trac Hocking Coal Wy Inter Paperns Inter Paper Ee Inter Power Laclede Gas National Risc National Lead Bou Zim North American Pacific Mail People's Republic Steel Union Eee & Paper Western Union Capital National Bank Central Trust Company Columbia National Bank Indians National Bank Indiana Trust Company Marion Trust Company Merchants’ National Security Trust Company Union Trust Company Citizens Indiana Hotel Reeses L. & E. Traction T. B. Laycock J. T. Polkstoc Granger Farwell & Wire Ings Banking House A.M. Fletcher Broadway Ss. A. Fletcher & CO East Washington Street Tanmington Treasury Statement Evansville Bradstreet Increas Philadel Sete Increas St. Loui Pittsburg San Francisco Louieville Providence Satwankes A Eee Bu None St. Paul Agtees Joseph Ave Richman A Salt Lake City Amy Los Angeles Memphis Hort Worth Seattle Tee Washington - O Toledo Darton, O Columbus Decatur U. S United States Steel Stock New York Produce Exchange Manitoba Kansas Pacific Coast Galveston Lsc California Texas Ay Japan New Orleans T. Louis Sogo Timothy Siedtteec Seecelpts Liverpool Sis Msad Atlantic Pacific Northern Milwaukee Bron Abies Wye New State Southwestern Elgin Board of Trade Cine Ati Ohio Missouri ST. Out Duiry Ilse Metals Tron Glasgow Middlesboro Bis Southern Savannah D. E Oil City Brik Turkerr Middle Uplands Bsc Tate Hester's Mateeank New, York Wool ST. Louie Jogise SiMe Atkins Barry Dally Pakier Big Four City Ticket Ofice Clevelan Cleveland Express Anderson Union City Cleveland Port Wayne Express New Nework Henitesand Bos Kutekeriecs Kenton Hari Renton Harbor Express Benton Harbor Elkhart Louis Southwratern St Louis Mar St. Louis S. New York AGG Lafayette Lafayette Secomendetien Ubiecago Fast Mail Hieaco Cincinnacinnati Express Cincineati Express Cincinnati Express Cincinnat Greensburg Cinelonstl Washflex Vernon Loulew Tom St. Arriva Is. Io Peoria Bloomington Champaign Springfield Colu New Castle Ham D City Dayton Detroit Express Ncinnati Dayton Express Chicago Fast Mall S, Pa Chicago Express Chicago Vestibule Monon Accom Lake Erin el Cuieege Michigan Ledo Detroit Lafay Decatur & Wester Decatur and Chic Express Treies Philadelphis Columbus, Ltd Lowlevt Vincennes Madison Spencer I Dayton Xenia Northland Express Richmond Martinsville Logansport Western Express Haute St. Lous Pols tWally steGen Illinois and Union Traction CO West Maryland Street Muncie Marion Alexandria Ly B Dam Elwood West Maryland-street Station Greenfield Franklin K. KR Las bRosco
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