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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
May 18, 1901
Page
7
A M Fletcher Banker engages in general banking activities including receiving deposits subject to draft, collecting dividends and remitting, acting as fiscal agent for corporations, and negotiating railroad and company securities. The firm deals in government bonds and other investment securities, and maintains accounts of banks, bankers, corporations and individuals solicited.
Instruments recorded for the Marion County Indiana recorder show numerous real estate transfers and receipts of sale. Listings include Edward F. Claypoll to Jesse Power. Henry Doliman to John Kurtz. P Williams to Joseph Shirley. F. Jones to Florence Reisner. and many others with parcels described by blocks and streets in Indianapolis neighborhoods such as Capitol, Morton Place, Shelbyville titles, and Oak Hill. Total recorded consideration amounts to 190 910.38 dollars with multiple lots and corner plots across Washington, Perry, and Lawrence townships.
Phillips and his party dominated the May corn market, selling about 1,000,000 bushels and driving May corn from 51/2 to 4p under the prior close while buying July corn on heavy scale to support the July market. Wheat prices closed firm with July wheat around 71 to 71 4. Provisions held steady as receipts and demand fluctuated, with no dramatic shifts in the day’s trading.
Market conditions in New York show quiet activity across flour rye corn meal and wheat receipts and exports. Spot prices for No 2 red No 2 wc elevator and Duluth futures noted, with futures finishing steadier or unchanged amid mixed demand and bullish cables.
Market notes from St. Louis and Baltimore report flour dull and steady grain, with No. 2 red cash wheat at 72 3/4 cents, corn values around 42 1/2 to 43 1/4 cents, oats near 42 cents, and pork and lard prices firm. Shipments show flour 400 barrels, wheat 15,000 bushels, corn 61,000 bushels. Baltimore bids and monthly futures mixed across cereals and meats, reflecting regional demand and export activity.
Across cities from Kansas City to New York on May 17 and May 11, prices shift with wheat mostly steady to dull. Reports show No. 3 hard red and No. 2 mixed grains steady or firmer, mixed oats and corn steady, flour and butter markets weekly and turpentine, rosin, and petroleum prices varying by region. Steel and meat markets hold while lard and brokerage values show minor moves. Numerous locales including Cincinnati, Minneapolis, Chicago, and Philadelphia report subdued activity with small gains and losses in grains, dairy, and oils.
A two room frame dwelling in East Akron occupied by policeman William J Bruner his wife Elizabeth their nine year old son Harold and an eight month old baby was wrecked by dynamite blast early today. They were blown from bed but not seriously injured. The wing housing the adults and the baby was burned to ashes. Police suspect revenge by a gang of firebugs active in South Akron and five men were arrested on suspicion.
A historical column lists birth notices with names and addresses. Multiple entries show couples and addresses, noting newborn girls born to the families including Monroe, Goetz, Koch, Hayes, Lane, Barton, Moffett, and others. The fragmentary line includes medical or naming details and ends with “Valvular.”
Marriage licenses listed for Barress and Hattie Johnson Pickard and Margaret Champion, Charles Coleman and Bertha Stevenson. Pension certificates issued to Indians: Oscar Alexander Terre Haute original. Henry C Barner Warren. Alfred McFeely Marion. Benjamin Hamilton St Joseph. William Flark Geneva Crawly Newberry. Willan H Choc Burnsville. Charles T Jones National Military Home Marion. Bernard McWilliam National Military Home Marten. George W Mayfield Spencer. George Brower Crawfordsville. James J Smith New Albany. John May Indianapolis. Original Widows special May 4 Elisa Newman Frankfort. Catharine Z Smith Indianapolis. Maggie J Cowden Columbus.
Financial notes from New York report firm money on call at 3 to 5 percent and a 4 to 4.5 percent lending rate. Sterling exchange steady with bankers’ bills at 4.38 and sixty day at 4.84. A buoyant stock market closes strong with many gains, driven by railroad and utility shares, anticipated bond activity, and growing banking liquidity.
The Allis-Chalmers Company plans a new plant to double capacity, with $10,000 cash capital and $2,500,000 for expansion. Total tangible property valued at $19,935,000, preferred stock issued at par with $16,250,000. The deal includes Fraser & Chalmers and Gates Iron Works among others, aiming for 6 percent on preferred and 10 percent on common, with sizable surplus impact. Subscriptions for preferred stock open through May 21, 1921.
Trade remains soft across several lines due to cool May weather, with dry goods, hatters, and milliners hit hardest. Wholesale grocers and hardware merchants report satisfactory activity, commission trade remains competitive, and poultry eggs butter and cheese show mixed pricing as supply stays light and demand steady.
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