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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jul 22, 1902
Page
10
The notice proclaims a trust formed to supply a general agent and adviser for investments estates and business matters. It emphasizes vast capital experienced directors and free advice to meet rising demands of modern life.
New York July 21 The stock market rose on some strengths but profit taking persisted. In late trading news of a 71,000,000 shipment of gold to Europe by tomorrow’s steamer spurred a broad downturn, erasing earlier gains and leaving indices near session lows while bonds showed lighter demand.
Indianapolis July 21 cattle receipts 350, shipments 200. Prices held near Friday levels with steers around 1200 pounds at 6.80, loads near 1060 pounds at 5.50, and cows to 5. Calves sold up to 4.75, heifers to 5. market quiet with uncertain future demand and slow dressed beef outlet. Hog receipts small but rising versus four weeks ago. demand fair with shippers backing higher bids. quality acceptable though not all grades represented.
The schooner Hermann left San Francisco on July 21 on a pleasure trip said to hide a buried treasure of 7000 dollars. Captain James Brown, a retired Atlantic mariner, commands with four or five eastern friends. The small vessel cost 15000 dollars to outfit.
Chicago July 2 reports a bullish intraday burst in July oats yet a broad sell off across grains as rains ease. Wheat and corn prices drift lower with September contracts weak. Provisions show heavy selling while hogs remain plentiful. Weather advantages aid harvests in the Northwest and Southwest.
New York markets show dullness and weakness in flour and wheat with bearish home figures despite bullish foreign weekly data. Wheat futures slipped with July at 79 1 16c and September around 76 1 16c, while corn options opened strong on cover but closed lower. spot No 2 red wheat eased to elevate local prices.
Refined easier continent price signals and $1L etiquette noted. Pork quiet among family buyers with 1021.0 figures and a $19.50122 package estimate. Cordova and Stsc. Mild steady notes, while Sugar-Raw shows fair refining and 212-16 centrifugal tests. Molasses sugar and Msc. Refined remain steady, with 36-stc molasses indicators.
Market wires show Far East trade and rail prices with extensive grain notes. Wheat, corn, oats fluctuated across St Louis Chicago and Toledo with bids in Kansas City and Minneapolis. butter eggs lard bacon and whisky prices steady or lower. wool and turpentine notes from Liverpool and Savannah. various receipts and shipments listed.
The Maryland Trust Company as trustee issues 6 percent gold timber certificates tied to the Houston Company timber holdings and Kirby Lumber operations in Houston Texas. The deal promises about 20 million in excess value over the timber certificates over ten years, with 206 000 acres of oil leases and Sabine Pass land also backing the securities. The timber value basis is far below current market values, suggesting strong security and potential growth.
St Louis to Terre Haute and Terre Haute to Terre Haute express routes listed with daily and Sunday schedules. Connection details and pricing implied, promoting the Union Traction Co service across Indiana and western points.
Passenger cars depart Georgia Meridian streets starting 6 AM with follow ups every hour until 10 PM last car. Freight cars arrive Meridian and Georgia streets with first at 9 AM and last at 9 PM. Combination passenger and express run from Georgia Meridian to Green with fares noted. Indianapolis Greenwood Franklin Kark Co operates trains from Pennsylvania Washington streets with first car at ?, last at 1 PM.
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