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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jul 22, 1901
Page
7
After Wednesday rain the market shows improved activity with demand rising for melons, lemons, oranges, and tomatoes. Wheat and corn receipts increase as local grain mills run at high output. prices firm for dairy and eggs, while sugar and coffee markets edge downward and livestock trade steadies.
A long list of wholesale prices for hides, meats, produce, and goods accompanied by a stock market summary. Prices cover dairy, fruits, vegetables, canned goods, fuel, and raw materials. The market fell late with major stocks sliding while United States Steel showed mixed moves and Northern Pacific headlines influenced sentiment.
The appended table lists clearing house banks and reserve percentages for the New York Financier, including specifics such as Hocking Valley Lake Erie & Western and Missouri Pacific. The weekly bank statement shows loans down 12,265,900, deposits down 8,448,800, circulation up 30, legal tenders up 918,700, specie up 5,189,100, and reserves up 6,107,800, with reserve requirement down 112 and surplus up 220. Banks hold 21,029,475 in excess reserves, improving liquidity amid lighter loan demand and ongoing subtreasury gold movements.
Chicago reports show corn up 1 1 4 to 7 5 8 c with September at 7 5 8 sc and oats 4 c higher on light demand. Wheat drops to 64 68 4c and provisions ease, with markets aided by weather maps and persistent buying from afflicted corn regions. Receipts warn of future changes while primary and local totals indicate steady activity across the commodity complex.
New York reports general staples quiet as flour receipts total 18 166 bU exports 12 087. winter patents priced at 3 50 to 2 80. Minnesota patents 3 65 to 3 90. corn meal strong at 1 07. rye flour firm 2 70 to 3 45. oats and barley mixed with spot and futures noting heat in the Western states. Wheat receipts 175 500 bu exports 257 026 bu spot firm No 2 red f o b afloat. Options rose on heat and crop concerns, later closing steady with small gains.
A treasury brief lists commercial paper rates at 4 to 6 percent and balances in multiple cities. New York call money and sterling exchange are noted, with clearings totals and balances for Indianapolis, Chicago, Boston, Philadelphia, St. Louis, Baltimore, Cincinnati, and London markets. Gold and silver exports from the port and a Treasury balance statement are also referenced.
The missing Misses Ida Elizabeth and Annette Colburn, daughters of Arthur T. Colburn, are recovered from the sunken two masted yawl Venitia. The vessel was raised and brought to Brooklyn where the bodies await disposition in Philadelphia. Mr Colburn Captain Flint and a sailor Frank Still remain unaccounted for.
In De Witt near Clinton Illinois Warren Brewster killed Ed Taylor and Clay Condor wounded Fred Taylor. Both Brewster and Condor, under twenty one, came from Danville Kentucky last spring. The feud followed insults to De Witt young ladies. Brewster and Condor are jailed in Clinton.
A poem by W. D. Nesbit, from the Baltimore American, contrasts human boasts of control over industry and bounty with dependence on divine aid. It laments market gains, shrinking harvests, and drought while highlighting humility before the primal cause and the need for rain.
Market bulletin notes mixed grain futures and fats with flour firming yet difficult to price. Corn meal and bran show varying gains while wheat, corn, and rye futures display sporadic quotes. Pork and lard move modestly while dry cured meats and bacon hold tentative levels amid trading activity in St Louis and related cities.
A brief public notice invites residents to contact the gas office for more information about an upcoming service change. The notice urges inquiries to be directed to the office for details on schedules and implementation.
The market wires report varied commodity quotes across cities. Wheat prices rise in some regions while others show steady or dull futures, with corn and oats activity noted alongside firm beef, pork, lard, and dairy at steady or unchanged levels. Local notes include gasoline, timber, and vegetable prices, plus regional delivery receipts and shipper data from Baltimore Kansas City and Louisville.
A collection of July and early August butter and dairy price quotes from New York Philadelphia Baltimore Chicago Louisville Kansas City St Louis and Cincinnati. Entries list butter varying by creamery and quality with cheese and egg prices noted. figures shown in cents per pound or dozen.
Oil markets report a 12 cent four day rise with new prices in North Lima South Lima Trons and surrounding areas. Pennsylvania figures rise to 1 23 per barrel while New York Philadelphia and other hubs show varied gains and firm rosin and turpentine markets in several cities.
New York reports a steady dry market July 3 with no price changes for cube ton goods. Demand remains indifferent while sellers hold firm on staple and fancy yarns. Some American cutter yarns show stronger demand and modest per pound advances. Woolen yarns stay quiet amid overall cautious activity. New Orleans notes Cotton Sales with 310 bales traded in good ordinary and low middling categories, prices varied by grade.
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