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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
May 11, 1902
Page
11
The New York Sun notes bold fashion shifts this spring with waste-basket style yellow straw hats trimmed in black ribbon and wide loops, fleur-de-lis like funeral wreaths, and lace boas replacing feather boas. It highlights thin gauze like fabrics, transparent canvases, and etamines shaping skirts that trail, causing mishaps as women walk.
Cathcart Wason, MP for Orkney and Shetland, abandons knitting in the British House of Commons smoking room after objections from colleagues. Once famous for knitting stockings during empire talks, he cites poor eyesight and says the pastime kept his family fed, but pressure from other MPs ends the practice.
New York May 10 The anthracite mine strike order dampened speculative interest in the stock market with prices easing while liquidation remained light. Banks fared poorly, several large orders hit Union Pacific and St Paul, and a broader trend of cautious sentiment followed the week’s rumors of future dividend increases. The episode prompted a market-wide review of liquidity, trust company reserves, and the influence of pending credit conditions.
A compact financial notice lists United States bonds including refunding twos threes fours and fives with registrations and coups. It also enumerates street railway issues for Indianapolis and Belt Railway securities, gas bonds, traction bonds and a few company issues such as American Can National Biscuit and Diamond Match.
A compact report tracks money rates across cities including Indianapolis New York Chicago Boston Philadelphia St. Louis Baltimore Cincinnati Paris Berlin and London. It lists commercial paper time loans call money mercantile paper exchange clearings and balances, with weekly movement of specie from New York Port. The data shows varied money markets, with specific figures for each city and forade currencies, including dollars, francs, marks, and pounds.
New York stocks opened with little energy as commission houses stepped to the sell side. Union Pacific saw heavy liquidation with about 10,000 shares changing hands through a Chicago-connected firm, while Erie moved around 6,400 shares. Reading remained weak though some buyers at sub 6 offered marginal support. Traders clung to hopes the strike would be brief and that Mitchell opposed it, despite a softer tape and mixed deal flow.
A Buffalo Express report laments souvenir hunters who stole relics after a presidential assassination exhibit. It notes raids on the hospital, operating room instruments, bulbs from the temple of music, and the brass star nailed at the site, illustrating misplaced sentiment and fading taste.
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