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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jul 16, 1902
Page
7
Stocks opened with a broad rise amid renewed buying but soon melted away as gains faded. New sources fueled demand while Western selling failed to offset strength, yet the market slid to near the previous close. Amalgamated rose on dividend anticipation. steel shares eased after a court filing.
Fragmentary stock table listing include bonds and preferred stock for Indianapolis Street Railway unions Belt Railway and Indiana Hotel names appear with values such as 9% and 14, along with references to traction bonds and pref stock. Contains multiple unreadable fragments and stray characters.
Indianapolis reports time loans at 5 6 percent and commercial paper 4 to 6 percent. New York call money 24 3 percent, Sterling exchange firm. Clearing totals show Chicago Boston Philadelphia St Louis and other cities with varying balances and clearings.
A brief market roundup lists London discounts and Consols values, Paris rentes and exchange rates, Berlin and New York rates for silver and currencies, and a note that London silver bars closed at 244d per ounce. Strong entities include London Paris Berlin New York and the metal silver.
Washington reports a general fund cash balance of 266,244 with available cash balances. The gold reserve in the division of redemption totals 103,541,184. The note excludes the $150,000 gold reserve.
New York July 15 chiefly on account of excellent crop prospects and favorable West weather the market for most of the session was strong and broadening. Standard railroad stocks showed sharp advances aided by short covering and a favorable corn break. Later a government statement about United States Steel finances sparked renewed buying. Amalgamated copper led gains with a net +1.5 after initial two point rise. Money on call remained moderately easy with no rate reduction expected for time loans.
New York July 15 London market opened firm with St Paul Union Pacific and Atchison leading. Prices rose early on brisk demand and strong pool activity then slipped slightly but closed firm as sentiment remained bullish. Crop news good. miners convention outcome awaited. money easy at 3 to 4 percent. less talk of gold exports.
New York announces a 25 percent price reduction on electric lights starting September 1. The move comes via a circular to patrons of the two dominant electric light companies, aiming to spur greater usage as electricity nears gas prices.
Bulls abandon July option corner as corn and oats slide amid strong arrivals and bearishly lower weather. Wheat weakens on same factors. September and December contracts fall while hogs and lard edge lower, with quiet cash demand and hefty receipts pressuring markets in Chicago.
Newark July 16 A rear collision on the B and O railroad at Kirkersville station last midnight resulted in the deaths of engineer J A Lillie and brakeman Oran Ditter. The incident left no survivors among the crew. Investigators arrived to determine the cause and whether signaling or human error contributed to the tragedy.
The July corn break at Chicago of 16 cents unsettled New York trading. Cash corn in New York was down a cent, while the July option fell about 2 cents from yesterday, reflecting weaker Chicago prices and a tepid domestic tone.
Across St Louis and Toledo reports, wheat and corn futures show mixed movements with No. 2 red wheat easing in some markets while cash oats and rye fluctuate. Cotton and wool markets remain steady to firm in Philadelphia and Boston, with exchange notes on flour, pork, lard, and bacon ranging in modest gains and declines.
The July ORK dry goods market shows a quiet period across cotton goods, with subdued activity in bleached and coarse fabrics and little movement in staple assortments. Low demand and steady availability characterize the scene as traders await clearer orders and price signals.
A digest of mid July price moves across markets in Savannah Wilmington Charleston New York Louisville Chicago Cincinnati and St Louis. Spirits of turpentine rosin and window glass rates noted with minor movements though most prices hold firm. Poultry prices show steady to rising trends in several cities with live birds and dressed products listed alongside metal quotes for lead and spelter.
At Union Stock Yards Indianapolis on July 16 cattle receipts were heavy with little weekly change. Demand for fat cows and heifers stayed steady to strong, steers weaker on top grades, and crossovers sold irregularly. Hogs opened steady with some strength for good weights, while sheep and lambs showed fewer top offerings and mostly steady prices. Horses and range stock sales featured steady prices and improving buyer interest in western lots.
Kansas City reports cattle receipts and varied pricing with best export steers around 7.40 to 8.10, Texas and native calves strong, cows weak, stockers lower. hogs steady to lower with top near 8.05. sheep and lambs mix with native and Western types pushing higher. Chicago and St Louis show steady cattle tone, hogs steady, lambs uneven. Omaha and Louisville offer mixed fellow market moves. New York notes dressed beef prices and light veal trade. regional summaries from South Omaha and East Buffalo mirror steady to firmer lambs and steady hogs.
A long list of certificates issued to individuals across Indiana regions including William M. Jones Terre Haute $10 Charles Sherwood Newport $4 Mark W Feagley Elberfeld $12 Jacob McPherson Warren $14 Michael McIntire Lebanon $24 William Cochran Shirley $14 John J Mumgarner Crawfordsville $10 John Mason Greencastle $16 Nash Smith Plymouth $12 Theoore Kent National Military Home Marion $12 Gallant Dyer Lyons $22 William Smallweed Columbia Columbia City $8 Thomas J Rogers Frankfort $0 Hayden Osborn Burnet City $12 Widows Minors and Dependent Relatives Lucinia E Brown Greenville $8 Sarah J Hughes Fort Wayne $8 Catherine E Van Titburgh Greenfield $% Abbie Dennis Windfall $8 Elizabeth Ruester Indianapolis $12 Mary Acomereer etc while noting Spain war context and other minor entries.
Poem celebrating summer through divine law guiding natural beauty. The speaker, Harriet Prescott Spofford, echoes a seasonal rhythm of skies, fragrances, winds, and lush landscapes, praising harmony between nature and a higher order that brings peace to those who love the law.
A Meridien Ace passenger and another crew member were involved in a collision incident during an outbound flight. Authorities investigated the event, confirming no serious injuries and minimal disruption to the schedule.
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