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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jun 16, 1902
Page
6
Light trading and weak demand hit the Board of Trade with wheat finishing lower, corn and oats slipping, while provisions also sagged. July wheat fell to around 72 1/2 cents, receipts varied and weather optimism briefly sparked a selloff, leaving a featureless market overall with quiet activity.
New York June 4 Wheat receipts 77 25 bu exports 91 500 bu market less active with a net decline amid rains in the Southwest. July closed at 7 0, September at 7 0 4, December 7 4 5. Corn and oats trade dull with No 2 wheat eased, rye quiet, and options down slightly on weaker English cables.
Market notes from St Louis to Cincinnati and beyond show mixed grains and livestock values. Wheat, corn, oats and pork futures appear weaker or steady across several hubs with evidence of price dispersion, while butter, cheese and spirits of turpentine move within narrow ranges.
The report records June notes on poultry and fowl including fowls, turkeys, ducks and chickens with scarce activity. It also covers mixed market chatter from Chicago Cincinnati New York St Louis on dry goods cotton wool and metals with prices firm or steady and limited changes.
The Indianapolis Union Stockyards market shows cattle quiet with prime grades steady and common stock weak amid overall weaker prices. hogs declined and then firmed with late gains, while sheep and lambs remained largely steady. Regional and national quotes reflect varied demand, ample supply, and notable highs for hogs and steers in June trading across cities including New York Chicago Kansas City St Louis and East Coast yards.
New York June 14 stock dealings were dull with prices held due to lack of offerings rather than broad demand. Missouri Pacific and St Paul rose a point after a favorable bank statement but closed not at best. The week saw a uneasy mix of labor news and European developments shaping a cautious market outlook.
Exports of specie from New York for the week totaled 341,583 in silver and 14,900 in gold. Imports of specie reached 80 in gold and 128,672 in silver. Dry goods and merchandise imports at the port were valued at 39,754,263.
Washington reports Saturday treasury balance figures with available cash at 200,196,178 and gold holdings listed as 100,826,159 in the division of funds.
The New York weekly statement of associated banks shows decreases in loans and deposits, a rise in specie and reserves, and an increased surplus of reserves. The report notes a cash gain near 1.25 million and explains small discrepancies due to Webb-Meyer settlements and sterling loans outside bank circulations.
Private wire reports from Meyer and Kiser's Telegram indicate the market remains strong in New York on June 14, with some evidence of manipulation. The note cautions that price vigor may reflect broader forces beyond fundamental demand and supply.
Union Traction Company of Indiana publishes a time table effective May 23 1902 from Union Block. The notice lists schedules and routes under the Union system for local passenger service.
Passenger cars depart Georgia and Meridian streets starting at 6 a m with service through 10 p m Last car departs at 6 p m Freight cars arrive on Georgia and Meridian streets at 6 a m and depart at 9 a m Also arrive at 2 30 p m and depart at 3 29 p m Combination passenger cars run from Giza to Meridian streets at 1 a m 9 am noon and 3 p m
First car departs at 1:00 p.m. and runs until 6:00 p.m. Last car leaves at 1:00 p.m. A combined passenger and express runs from Georgia and Meridian streets to Greenwood at 6:00 a.m. and 3:30 p.m.
A bullish mood spreads through Granger Farwell and Co telegrams with Gould interests and Western challengers driving gains in Missouri Pacific and St Paul. Other stocks rise after a stronger bank statement, with Atchison preferred favored by major houses due to an 2 percent dividend slated for August 2. Traders and room operators expect the coal strike to end in operators’ favor by August 1.
A garbled note from a mother asks if it would be good for Henry to join the class and be promoted with his peers. The fragment hints at concern over his schooling and social placement but remains unclear in detail.
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