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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Mar 15, 1902
Page
3
cattle active at high figures for years with large receipts and strong demand. Buyers moved quickly, lifting prices over yesterday though some grades showed mixed activity. Steers to 1500 pounds in demand. cows up to 5.50 and heavy veals around 7.00. feeding cattle and stockers also strong amid wide price ranges.
Cattle receipts light with steady to firm prices and strong demand for choice butcher cattle. Hog market softer with active trading and mixed weights, tops around 6.55 for prime heavies, many sales near 6.10 to 6.20. Chicago and New York show firm cattle, weaker hogs. Omaha and Louisville report steady to higher beef prices and stable to lower hogs. Sheep and lambs mixed, top lambs around 6.50 to 6.65, regional quotes show regional strength in cattle and tepid hogs.
Rates on loans and exchange clearings and balances for major cities and nations. Indianapolis reports commercial paper at 4% and time loans at 6 1 2 percent with clearings $1,270,180.32 and balances $67,011.94. New York notes call money firmer at 4% with various rates for mercantile paper and sterling exchange. Chicago, Philadelphia, St. Louis, Baltimore, Cincinnati show varied money and exchange figures with large clearing totals. London, Paris, Berlin, and Mexico currency markets listed with minor shifts. Washington treasury balances show $174,700,402.94 in general fund and $9,965,000 in gold reserve. Private wire notes from Meyer & Kiser report opening market strength led by Manhattan and Southern Railway dividend news and renewed optimism for electric operations and higher future earnings. Sugar active on tariff outlook. Banks face net loss from subtreasury operations offset by bond redemptions.
Twenty six transfers recorded for the 24 hours to 5 pm March M include John J Johnson selling Lot III Block 13 North Indianapolis add to Mary E Webb and to Orville Webb. Several parcels exchange hands with Board of School Commissioners, Crown Hill Cemetery, and private buyers. Total transfers amount to 58006.00 with various fees and notes.
Chicago March 14 corn strength led grains for most of the session. May wheat fell 4 1 4 to 4 1 2c, corn rose 4 tec, and oats dropped 1 4c. Provisions closed mixed with a shade lower to 5c higher. Local bulls supported corn early while bears exited from shorts under steady cable tone. Receipts light. cash demand improved. western conditions favorable but heavy selling later pressured wheat and May futures.
In St Louis March metals show irregularity with lead weaker at 40 and spelter firm at 4.1. Indianans receive pension certificates for original war with Spain, restoration and reissue for widows and minors. Notable names include Oscar Miller Dayton David Hankin Lafayette George Hickok Muncie and others with varied dollar amounts. Washington Star notes likely no adoption of South Carolina style for George Washington birthday celebrations in Congress.
In New York on March 14 grain and commodity markets showed a mixed day. Wheat receipts reached 16 150 bushels with prices weakening late. corn and oats fluctuated with light movement and late rallying. spot sugar and coffee held firm, while tallow and refined products remained steady amid broad quotations.
Market wires from St Louis March 14 report flour dull and weaker with red winter patents at 2.04 to 3.50. corn meal steady. wheat lower with No 2 red cash and May figures around 54 to 56. rye and pork prices showing softness and steadiness in selected lots. market notes indicate varied commodity movements and price ranges across cities including Baltimore Cincinnati and others.
Train schedule fragment lists passenger cars leaving Georgia and Indian streets from 6 a.m. and running to 10 p.m. with last car departing late. freight cars indicate arrivals at Georgia and Mex, with unclear times, and a Meridian line mentioned. The fragment contains garbled notes on trains to Jam, Boon, and other points, reflecting a damaged OCR timetable.
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