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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
May 07, 1901
Page
7
A concise notice describing A M Fletcher as a general banker who transacts banking business receives deposits subject to draft and remits dividends. It notes acts as fiscal agent for corporations and negotiates security issues for railroads and other companies, deals in government bonds and other investment securities, and solicits accounts of banks bankers corporations and individuals.
The market shows intense buying with Northern Pacific rising 23 points and heavy open order flow. Traders cite consolidation hopes and railroad merger progress as drivers while call money spiked to 10 percent and bonds stayed quiet amid a broad strength in United States Steel and other issues.
The page lists a wide array of railroad mergers and lines including Central of Illinois, Lake Erie & Western, Missouri Pacific, New York Central, Norfolk & Western, St Louis Southwestern, Union Pacific, Wheeling & Lake Erie, Wisconsin Central, and others. It also shows bond quotes, stock prices, and extensive commodities notes with grain, produce, eggs, butter, and meat markets, reflecting a bustling market day with active trading in fertilizers, paper, coal, and metals. Names include United States Steel, American Car and Foundry, National Biscuit, International Paper, Continental Tobacco, and Pullman Palace Car among many.
Prices paid by shippers cover turkey hens and toms, ducks, and cheese. A vast catalog follows for hides, coal, grains, coffees, sugars, canned goods, spices, beans, molasses, oils, and produce with numerous brand names and regional varieties, including Florida and California fruits, meats by cut, and farm staples.
Cattle receipts light with small offerings and steady prices. Hog demand limited with steady markets, no top prices. Sheep steady, other markets near previous levels. outlook favorable for steady to improved activity through the week. Quotations listed for various cattle grades, hogs, and bulls.
Interstate Stockyards Indianapolis May 6 cattle market steady to quiet across grades with strong demand for debt and medium weights. Hogs receipts 390 shipments 400 active, best medium and heavy hogs at 5.50 to 5.75, sows mixed. Sheep and lambs steady, spring clipped lambs in demand, bucks at per 100 pounds. Also Chicago and other markets report steady to higher trends with varied livestock prices and strong Texas entries.
May vital statistics list births with parents and addresses across city and nearby streets. Entries include Shelborn Walls a boy at Anne wa street, Otis Hastings a girl on Harlan street, and twins born to Everett Upton on Lee street, plus numerous adults with illnesses and deaths noted alongside property repairs and local addresses.
Chicago May 6 Wheat prices closed down amid bearish cables and rain in the West. May corn fell while July corn steadied. oats declined. Export and shipment data showed gains for bears resolved by speculative pressure. Receipts and deliveries varied across regions as buyers steadied in later trading.
The New York market reports mixed activity with flour receipts and exports noted, corn meal quiet, and wheat receipts at 142 400 bushels with exports 28 729 bushels. Spot grain prices show No 2 red and other grades. futures opened steadier but turned weaker on bearish cables and larger receipts. May shorts pressured by light stocks, closing irregular with net losses. Other commodities include lard steady and refined products easing. sugar and molasses markets show slight movements. overall tone cautious amid heavy receipts and weak export demand.
Baltimore May flour prices show weakness with Western superfine at 230 to 249, Western extra 249, Western family 3.25 to 3.59, winter wheat and spring wheat patent values listed, receipts of 72.04 bu, exports noted. July futures and spot activity described alongside corn and oats quotes and local receipts. St Louis reports flour dull, patents 3.55 to 3.70, extra 3.25 to 3.63, Timothy meal 2.25, mixed oats and white oats priced, hay and whisky markets quoted, iron and cotton markets with various figures.
On May 6 butter markets showed steadiness and weakness across multiple cities with reports from Philadelphia Baltimore Chicago and New York. Prices varied from 30c to 4r per pound with creamery and full cream options noted and eggs and cheese also reported with steady to weak trends.
Instruments filed for record in Marion County Indiana for the four hours ending 5 pm May 6. Entries list John Q. Monty to John R. Yates Lot 2 Block ? North Indianapolis and numerous transfers involving Connaty, Bubank, Polley, Payne, Potter, Clcott, Smith, Emmerich, Guthrie, Goetz, Coppock, Harrison, Flickinger, Bridge, Schmidt, Weddle, Yandes, McVea, Good, Rush, Hagedos and others. Total listed value around 5 000.08 dollars in multiple parcels across West Indianapolis and Perry Township with various additions and streets named.
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