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The Indianapolis Journal in Indianapolis, Indiana

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

The Indianapolis Journal

Location

Indianapolis, Indiana, United States of America

Date

Jun 08, 1902

Page

10

Market idle as stock speculation held by large interests

New York reports no change in repressive stock influences and a practically idle market. Large holders hold until underlying valuation clears, with little demand from professionals. Coal strike, pump labor issues, heavy rains, and weak bank reserves dampen sentiment while foreign markets show limited activity ahead of the coronation.

New York West Virginia Canadian Pacific South Africa London Sterling Exchange Government Weather Bureau Evening Post Seaboard United States

Treasury balances show available cash and gold reserve

Washington reports Saturday general fund balances excluding the $156,000,000 gold reserve. Available cash balances total $199,927,884 while gold stands at $98,183,506 in the division of redemption.

Washington Treasury

Decrease in Cash Reserves Not Necessarily a Menace

New York banks report for the week ending today show loans down and deposits down while circulation rises. Reserve levels slip with excess reserves at 11.26 million dollars, and the official note explains the drop aligns with reduced cash and loan liquidation amid light business and dividend payments.

New York Associated Banks New York Associated Banks Correinal Satara

Bank Statement Fails to Move Dull Market

Private wire advices report a flat market in New York on June 7 with little action from commission houses and dealers. Canadian Pacific leads gains while the bank surplus slips to just under 12 million, a notably low level for the season, and the close remains steady amid dull trading.

Meyer & Kiser New York Canadian Pacific

Market outlook hopeful after week of gains and pressure

The New York market report notes improving sentiment despite ongoing industrial strife. Traders expect better conditions ahead as both sides in the strike maneuver for leverage, with public opinion likely to force concessions. Until settlement, activity remains dull but not entirely stagnant.

Granger Farwell & Co New York

Remarkable Photographs of the Turin Shroud by M Vignon

M Vignon presented a paper to the Academy of Sciences with photos of the Turin shroud said to be Christ. He describes markings forming negative impressions when ammoniacal vapors contact the fabric and oil, noting head wounds crown of thorns blood marks and scourge stripes. He argues the nail marks lie at the wrist and defends against fraud. The report notes widespread scientific and religious interest.

London Lancet M. Vignon Academy of Sciences Turin Christ M. Vignen Pompei

The Scarcity of Corks Creates New Trade Inventions

The New York Evening Post reports cork shortages drive a peaceful revolution across trades. Inventors surge with replacements while prices rise, leading to a secondhand cork market, cork cleaning, refurbishing, and new devices like steel cork extractors. Hotels, restaurants, and saloons treat corks as valuable privileges, with waiters using corkscrews and peddlers selling discarded corks to secondhand dealers.

New York Evening Post Everage Mai

Also Mentioned on This Page

North Brookside Park the Central Trust Company East Market Street Belt Clifford Arrick Lormbara National Bank B THE Marion Trust Company N. E. Corner Market Street Monument Place RAE TI W. J. Holliday & Co Capital National Bank Commercial Club Secretary of the Treasury Dikf M. B. Winsor S. Byram H. W. Bennett H.J. Milligan A. A. McKain E. 8. Wilson, Ed. , PF. CuuRenMan, Cashier. OM. Pacwann Co. L. Fannere Indiana Works National Hanks Indiana Trust Company Cor Washington St Virginia Ave Columbia National Indianapolis Fire Insurance Co LAW Building Olid Main Bank Stocks Trust CO Newton Todd Stocks Fletcher Bank Bldg S. A. Fletcher & CO East Washington Street Poe John TARRINGTON + Managen Ss Geo Board of Trade Indiana Investment and Adjustment Co Stevenson Building Wall Street Success Wall Street Henry Voorce Branderburg & .C Bankers Wail U.S. Scale Co Terre Haut,nd Growieg Giranger Farwell & Co Indianapolis Chicago New York Stock Exchange Chicago Stock Exchange Chicago Board of Trade New York Coffee Exchange American National Bank South Pennsylvania ST A. R. Thompson New Tel National Fiber & Cellulose C2 OF Canadas Torris Wold & Co National Fiber & Cellulose Co Adama Street Ill Joel Lemcke Building Paris London Telegraph Service Largea Washington Post Martinique Discour Ontario & Western Southern Railway Southern Ry Texas & Pas Toledo St. L. T Union Pacific Wabash Essee Wheeling & Lake Erie Wisconsin Central Wis Central Car & Foundry Am C Linseed Anaconda Mini Brooklyn Rapid Tran Colorado Fuel & Tran U. S Leather U. S. Rubber T Rubber U Steel U. 8 Western Union American National Bbank Capital National Bank Central Trust Company Columbia National Bank Indiana National Bank Security Trust Company Union Trust Company Ings Cleartoss Mercantile M.ss Boston Philadelphia ST. Louis New York Exchange Baltimore Cincinnati Berlin Atchison Canadian Pacifi Canada Southern Chesapeake & Oh Chicago & Aston Chi, Ind Louisville Chicago & Alton Odeee Ie Enue Eastern Great Western G. W G. W. Er West E. Chi R. I. & Pacific Ter Trans Chi T St. Lo Colorado Southern Eee Co Col Del Lack Denver & Rio Grande Erie Great Northern Hocking Valley Mlinois Central Iowa Iowa Central Pressere Kansas City C. South Erie & Estern Ville N. Toutsville A. Ai Arife Kan Texas Enna Ali’ Ess Cae Ceres Fore River Ship and Engine CO Ouincy, Mass Des Moines New Jersey Rhode Island Harper and Century the Eastern Audit Company Uncle Sam Thomas A. Watson D. H. Andrews Chas. S. Dennis James D. Dinlgeow. Davenport Frank O. Wellington Howard P. Elwell William C. Habberley Boston Bridge Works Dennis & Lovejoy Wharf and Warehouse Co N. J K. J Robison Ind Treasury Statement Sarily the Security Trust Company Pennsylvania Street Russell Jce
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