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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jul 09, 1902
Page
9
July reports from Interstate Stockyards, Kansas City and Chicago show light cattle receipts with prices steady to higher in places. Hogs advance, top bids near 8.15, while sheep and lambs hold near last week’s levels. notable variability across regions and grades.
Receipts show cattle at 1,060 with week to date declines and yearly gains. Buyers found most cattle unsatisfactory in quality, with top grades steady but common stock selling $1 per 100 lbs lower. Steers up to $7.45, heifers to $5.50, cows to $8.25. hogs 5,500 receipts with steady to strong demand for corn fed types. Sheep and lambs show increased arrivals and softer lamb prices as overall market trend remains cautious.
F W Hopkins of the Black Exchange Hopkins Brothers stated that the firm’s name was used without authorization in a suit filed at Trenton yesterday against United States Stel ton. The firm asserts the name was withdrawn and not connected to the case.
A July day of volatile trading in New York stocks showed strength in dividend payers and rail shares like New York Central and Chicago & North Western, with concern over a possible “Western Contingent” manipulating prices to profit as July disbursements arrived. Bond activity rose slightly while the market closed easy on a broad mix of readings, including a larger daily volume and coverage of United States Steel and Colorado Fuel.
The report shows varied money rates and clearings across cities. Indianapolis notes commercial paper and time loans with clearings around 1.6 million dollars, while New York cites easier call money and prime mercantile rates, with heavy overall clearings near 240 million and district balances.
The report lists monetary discounts and rates in London Paris Berlin and New York, including short and three month bills. It notes bar silver prices and treasury balances in Washington with $201,317,811 in the general fund and $106,519,297 in another division.
New York July 8 Granger Farwell wire reports a generally strong opening with London at parity or higher. Crop conditions favorable and active buying lifted stocks led by St. Paul Rock Island and Southern Pacific. Steels remained firm but quiet. Later, sentiment turned as gold shipments and a Missouri Pacific drop triggered a late-day selloff.
The weekly Weather Bureau summary notes favorable temperatures across northern regions, abundant rains in the Missouri valley and lake areas, and drought in central and eastern Gulf districts. Corn shows general improvement. oats and wheat outlooks are promising, while fruit crops may underperform in some areas.
Chicago Board of Trade notes July corn rising to the highest price since 1892 as shorts bid up the option. September corn and wheat mostly lower, oats down, provisions mixed with slight gains. Weather in winter wheat belt blamed for weakness. reports of rains sparked some buying. Local receipts and regional car movements recorded. forecasts for tomorrow include wheat, corn, oats, and hogs.
Reports from New York to St Louis show varied commodity movements. Wheat and corn futures shift with July and September quotes, while oats and rye hold steadiness. wool markets in Boston and stalled by Nevada and Idaho prices reflect steady demand and modest gains.
Dairy and market notes from New York to Philadelphia describe butter receipts rising, cheese stock varied, eggs firm in demand, and creamery products priced steady. Regional details include state creamery activity, western and southern markets, and price ranges for butter, cheese, and eggs with occasional losses offset by firm tones.
NEW YORK grain and flour markets show quiet steady activity with ample receipts of flour and wheat. No. 2 red wheat traded around 30 to 34 cents elevator and futures closed weak after a earlier firm session. Corn and oats prices slipped on favorable weather, while refined sugar and tallow held steady. coffee and other staples posted modest changes amid general market softness.
Markets show quiet, mixed movements across wheat corn and oats with no major shifts. Prices for flour and multiple grain types move within narrow ranges while pork lard and whiskey hold softer quotes. Receipts indicate steady to rising at northern ports with limited American corn arrivals amid global price cues.
Major Gardener, accused by the Anti American League of cruelty in the Philippine province of Tayabas, breaks down and cannot substantiate his charges. He cannot name persons or dates or produce witnesses. He offers no reparation beyond regrets as supporters demand retraction.
The article describes the nation’s chief executive standing with head uncovered among more than 1,00 veterans who fought to save the flag, underscoring a strong display of patriotism and unity in a ceremonial scene.
Union Traction Co of Indiana publishes a May 23 1902 time table listing stations Union Block Anderson Muncie Marion Alexandria with hourly service until 9 15 pm and additional connections. It notes trains reaching Anderson in about one hour and Muncie in two hours, with express and passenger cars operating from Westland and West Maryland streets at 5 15 pm and 3 00 am respectively, effective June 38 1902.
Reading lists a street railway timetable with passenger cars starting at 6 a.m. from Georgia Meridian, last car at 10 p.m. Freight cars arrive at 5 a.m. and 9:20 a.m. from the same intersection. A combination passenger and express service runs at multiple times including noon and 2 p.m.
Passenger cars operate on Washington streets from dawn until 10 pm with first car at 6 am. Last car departs at 2 am. Express and combined passenger routes run on Georgia and Meridian streets to Greenwood at 8 am and 2 am.
Civil War veterans on a specially erected stand along EL Pierre Street near the Hotel Schenley saluted Theodore Roosevelt as his carriage passed. The scene featured 12 Grand Army men, bare heads, fluttering locks, and tattered battle flags dipped to the colors. Roosevelt rose to acknowledge, the crowd cheered.
A fragmentary report describes the Prince of Wales and Prince Edward with the chestnut horse Wren The Hussar tied to the coronation pageant. The young prince quips that he would not walk and the exchange hints at the riding plan for crowning day.
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