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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Mar 06, 1902
Page
10
Transacts a general banking business and receives deposits subject to draft. Dividends collected and remitted. Acts as fiscal agent for corporations and negotiates security issues of railroads and other companies. Deals in Government Bonds and other investment securities. Commission orders executed.
Hogs active and about steady to five cents lower. Sheep steady. Cattle receipts up to 10 shipments 200 for three days show varied changes from last week and year. Market opened with backward demand for steers, but later slow supply moved at uneven prices. Fat cows and heifers steady. some low-quality offerings neglected. Hogs: receipts and shipments high, early bid lower but shipping demand steadies prices near yesterday. Sales ranged 5.65 to 6.50 with generally steady quotes for medium and light weights.
The market opened steady with strong shippers and steady lamb and sheep demand. Lambs sold up to 6.25, with mid ranges around 4 to 4.85. sheep mostly 3.40 to 4.00, yearlings 4.25. Cattle and hogs showed steady to lower tones across regions, with notable sales including horses in Blair-Baker session and varied interstate yard findings.
Speculative sentiment steadies as prices rise and demand improves. Trading ends with a dull, uneven note despite some ma rket gains in certain rails and oils. Foreign demand for gold eases pressure, while railroad earnings bolster confidence and coal fields show no labor fears.
Indianapolis reports mixed loan rates and clearings with 4 to 6 percent on commercial paper and time loans. Major cities show steady call money and varied exchange rates while London and Berlin quote discounts and silver prices across markets.
Washington reports Wednesday the general fund balance excluding the $150,000,000 gold reserve. Available cash stands at $177,425,466 with a secondary figure of $91,505,222 appearing in follow up figures.
New York reports a bearish mood among Americans as London influences dampen trade. Stocks like Missouri Pacific Reading and Amalgamated Copper faced selling while American Car and United States Steel drew interest. Gold exports were expected above six million for the week amid labor issues, dividend anxieties, and wheat damage.
Lillian Nordica sang before about 2000 fans in Wichita with a city wide telephone link to other cities. Receivers were hidden among footlights without her knowledge until near the end. She condemned the arrangement and vowed to avoid future telephone performances, questioning the accuracy of listeners’ impressions.
New Haven Conn March 5 The national convention continues with debate on the proposed constitution focusing on insurance rates Connecticut councils propose lowering rates to a level premium for members aged sixty and over The supreme knight may appoint a five member committee to revise The plan to create an associate member department was defeated 43 to 2 with the majority report from J E McConnell Fitchburg Mass and P L McArdle Chicago.
The United Railroads of San Francisco, controlling the city's main street car lines, filed articles of incorporation with the county clerk. Capital is 40 million dollars, divided into 400000 shares, with eastern interests controlling the entity. The California filing is a formal step to secure a legal right in the state.
Safe blowers entered the Westerville post office at 4 o clock this afternoon and carried off stamps valued from 4 to 1.20 and several hundred dollars in cash. The safe door was blown out and embedded in the wall. Bloodhounds have been ordered to track the suspects. A previous attempt was made in January.
Columbus Ohio March 6 Charles M Clark a deserter from Troop L Fourteenth Cavalry was brought to the barracks from Marion where he was captured He made a tense speech morning while his guard who shot him through the hand stood by the barracks in Columbus
Speculation on the Board of Trade dulled trading in Chicago with May wheat and corn up mildly while oats eased. Provisions fell as a heavy hog run weighed on pork and lard. Northwestern receipts declined, and Southwest weather hints kept buyers wary though local markets firmed briefly before closing. New York and other centers showed mixed results as prices drifted with light demand.
March 5 report from St Louis shows mixed commodity quotes with pork and lard down, corn meal steady at 3.10, wheat higher for No 2 and No 3 futures, oats and bran soft, and various prices listed for fats and meats amid a cautious market tone. Trade notes include futures terms, cash and track quotes, and occasional boxed items on government or legislative mentions.
French journalist and lecturer Paul Blouet known as Max O'Rell has recovered from recent illness and will sail for Europe next Wednesday to take the leading editorial position at Paris Figaro. He came to the United States four months ago for a hundred lectures, delivered six before his health failed. He underwent surgery for intestinal trouble and left the hospital on February 10.
Atlanta March 5 W K E Small Co stock brokers and agents of the New York Cotton Exchange with headquarters in Macon and offices in Nashville and Chattanooga Tenn have suspended business temporarily and say all will be paid in full.
Lincoln reports government officials discuss ongoing state issues with focus on economic conditions and public policy. The briefing highlights administrative measures and anticipated reforms aimed at stabilizing markets and addressing shortages across key sectors. Local authorities emphasize prudent governance and transparent reporting.
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