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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jul 10, 1902
Page
7
Buenos Aires reports Argentina and Chile signed a convention clarifying objects of recent treaties on arbitration and limiting armaments to avert future complications. Public opinion approves the new accord.
Speculators, who bought stocks on the prospect of a rise, sold to take profits today. Currency flowed heavily to Chicago, including a $600,000 subtreasury deposit for telegraphic transfer. Market activity showed signs of a July corn corner, with weakness in certain rails and a mixed bond scene. gold exports rose and Missouri Pacific faced weighty realizing.
National Biscuit and Diamond Match trade figures appear with commercial paper rates and percent ranges. New York, Chicago, Boston, Philadelphia, St. Louis, Baltimore, Cincinnati report money on call, exchange rates, and clearings. London and Paris provide discount and exchange data. Treasury balance figures show available cash at $200,992,504 and transfers including $1,006,000 shipped to Chicago.
Chicago on July 9 reports a surge in money demand across the central West and West regions. Interest rates have risen by 1 percent within two weeks as Chicago begins shipping about $500,000 daily to the Northwest and West, totaling roughly $4,000,000 sent to St. Paul Minneapolis and St. Louis, prompting banks in Chicago to seek funds from New York as the pattern starts.
Cattle receipts fall 90 over last week with scarce high grade stock. Hogs show fair demand and edge lower by five to ten cents with steady overall tone. Sheep and lambs steady with better local killer demand but smaller supplies reported. Prices: steers up to 7.10, heifers to 5.50, cows to 5.10. hogs 7.25 to 8.00 in range. lambs and sheep around 3.00 to 4.00 with steady tone.
Receipts light to none in several markets with steady to higher bids on cattle and steady to strong demand for hogs and lambs. Blair-Baker Horse sales show workers selling best at top prices. cattle largely steady with some regional strength. hogs firm to unchanged with buyers active locally. Prices listed include steers up to 1,350 pounds at 6.50 to 7.50 in Chicago and comparable ranges in Kansas City St. Louis and East Coast markets.
Riley Davis of Riversville West Virginia and four children seek rabies treatment in Baltimore at the Pasteur Institute. The children aged ten seven three and fifteen months were bitten by a rabid dog as well as an eleven year old who died in convulsions. A dying child's saliva contaminated the father's hand prompting the family to travel for care. Dr N G Kreile reports the parents are progressing and temperatures normal after treatment.
Chicago July 9 heavy rains across the wheat belt buoyed prices on the Board of Trade. Wheat led gains with September up, while July corn traded mostly steady to higher on demand and rain worries. oats and futures from other grains also firm. Provisions eased slightly as supplies and pork showed weakness amid shifting demand. Local receipts and market quotes varied across cities, with futures showing mixed but overall firm tendencies on damp weather signals.
Special cables report U S and Canada wheat stocks east of the Rockies down 667000 bu with Europe demand rising 8.3 million bu. Corn up 143000 bu, oats up 24000 bu. Increases include 134000 bu at Newport News, 100000 bu at Fort Worth, 65000 bu at Dallas. Key decreases: 106000 bu at Rochester, 160000 bu in Manitoba, 42000 bu at Chicago private elevators. Decrease tied to European June consumption revision.
New York reports steady but quiet flour and grain trading with light activity across staples. Rye flour and corn meal show varied prices while wheat receipts reach 66,100 bu and futures tightens with modest gains amid rains in Kansas. oats, barley, hay, hops, beef, lard, and coffee markets noted with mixed shifts and spot prices listed.
Instruments fled for record in Marion County Indiana for the twenty four hours ending July 9 at 6 p.m. from diverse transfers. Names include Jonathan Ketler, James McNewby, Orville L Webb, Wm H Keeley, Mary c Martin, Patrick Harenon, and Hardy Carrithers among others. Lots and blocks noted in Gut Lot Prest near North Street, Brook Park Add, New York Add, and additional subdivisions with properties in Decatur Township and near Mount. Details list multiple tracts, transfers, and sponsor entities such as Indiana Tithe guaranty and Loan Company and Rapid Transit Co.
Quotations at St Louis Baltimore Cincinnati and other places show flour steady to firm with prices around 3.50 to 2.20 for ordinary and extra fancy * and sacks and corn meal steady selling firm with east coast demand.
Schedule shows trains from Union Block to Anderson Muncie and intermediate stations leaving at 4 56 am and hourly until 9 15 am and 1 pm. Limited trains run to Anderson and Muncie with direct connections to Elwood. Westland Street and West Maryland Street express cars depart at 9 15 am and 9 20 am respectively.
Passenger cars run from Georgia Meridian streets with first car at 6 p.m. and last at 11 p.m. Brigh t cars reach Georgia and Meridian streets at 3 a.m. to 9 a.m. Also 2:0 and 2:30 p.m. schedules listed. Combination passenger and cars lease Georgia and Meridian streets at 9 a.m., 3 p.m., and 6 p.m.
Public notices list Franklin Railroad coach departures from Plania and Washington streets with first car at 6 am and daily until 10:30 pm, plus combined routes to Greenwood at 9:20 am and 2:20 pm. Transfers include numerous land lots in Spann & Co. adds and other parcels with names such as Benjamin Askren, Jobe Meyers, Jesse J. Privett, Matilda M., John G. McCullough, Eva M. Huebner, Catherine Metman, Realty Inv. n., and others, detailing conveyances, partial lots, and monetary values noted as AMEN 13,000.
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