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The Indianapolis Journal in Indianapolis, Indiana

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This newspaper page contains 17 articles. Subscribers can read the full text of each article.

Newspaper

The Indianapolis Journal

Location

Indianapolis, Indiana, United States of America

Date

May 19, 1902

Page

6

Live Stock Markets Report From Indianapolis Yard May 17

Cattle receipts slight. weekly demand strong with prices up for fat stock. Top steers 7.50, cows 5.50, bulls 4.75, calves 7. Hogs receipts 4,000. market steady to higher with top 7.40 for heavy and 7.10 for lights. Sheep and lambs receipts 1%. week’s market steady with top lambs 7.40 and yearlings 6.60. Interstate notes show cattle steady in Kansas City and St Louis with varied hog prices across markets.

Union Stockyards Indianapolis Hi Pers Helfers S&h Snesses Bower Kingan & Co Seoeenese Interstate Hoelce Kansas City Oice Texas Ateas Pe Sanesi Texan Ee Ae Hee Texas Fed Colorado ST. Louis Eae Dutcher New York South Omaha East Buffalo Louisville Hird Cincinnati

Prices Slip Then Stabilize On Bank News And Coal Strife

New York May 17 Prices fell in early trading as fear of a national coal strike rattled markets but largely recovered after the bank statement. United States Steel dropped below 4 as Colorado Fuel led losses while concerns about bituminous coal disruption lingered. The weekly bank report showed a cash decline of over a million but deposit liabilities shrank by nearly five million due to loan contraction. Banks reduced loans by about 22 million, with trust companies financing much of the activity. Sentiment shifted to readjustment in stocks and money markets, aided by international lending and a weaker sterling market. The anthracite strike increased caution, with government reports highlighting wheat and corn conditions as key to future prosperity.

New York Colorado United States Steel London Webb-Mayer Sterling Exchange Wall Street Iron and Steel United States Steel Corporation United States

Market and exchange notes from Berlin to New York

In Berlin and London, checks and short bills see discounts of 1 percent and two percent for three month bills. New York reports bar silver at 514c per ounce and Mexican dollars at 42c. London closes silver at 274d. The Port of New York records weekly imports of dry goods valued at 10,641,755 dollars and total weekly specie exports of 567,920 in silver and 19,000 in gold, with 15,874 dollars in gold and 5,408 dollars in silver imports.

Berlin—Exchange London New York Sua

Treasury balances show available cash and gold reserve

Washington report of general fund balances excludes the $19,100 gold reserve in the division of redemption. Available cash balance is $188,005,559 and gold reserve totals $97,612,200.

Wastiington Treasury

Weekly Bank Statement Shows Large Loan Decrease

New York weekly statement reports a $22,908,100 decline in loans. Deposits fell $24,073,700 while circulation rose $43,400 and surplus increased to $4,885. Banks held $8,346,935 above reserve requirements under the 2 percent rule. The Financier notes the striking feature as the loan reduction.

New York New York Associated Banks Mexican National Railroad Organization Stock Exchange Boston

New York Clearing Banks Reserve and Loan Totals

New York Financier publishes a table of city banks showing loans deposits reserves and legal and other items. The figures list Bank of New York Manhattan Merchants National Mechanics National American Phenix National National City Chemical National and many others with totals and reserve percentages.

New York Associated Banks of New York City

Rates on Loans and Exchanges and Balances

Indianap olis commercial paper 4 96 percent time loans 5 76 percent. Clearings 1 862 643 22 balances 217 704 23 New York call money nominal no loans prime mercantile paper 14 5 percent Sterling exchange firm actual business in bankers bills 4 8 7 percent for demand 4 54 4 84 percent for sixty days posted rates 4 5404 54 percent and 0 872 4 88 commercial bills 4 530 54 Clearings 217 435 355 balances 0 418 550 Chicago posted exchange 4 55 for sixty days 4 87 percent on demand New York exchange Side premium Clearings 23 976 467 balances 1 459 135 Boston Clearings 22 651 082 balances 1 390 981 Philadelphia Money 44 6 percent Clearings 21 876 534 balances 2 359 599 St Louis Money steady at 2 46 percent New York exchange c premium Clearings 7 840 452 balances 758 477 Baltimore Money 5 85 cent Clearings 4 255 500 balances 573 564 Cincinnati Money 4 6 percent New York exchange 3 c premium Clearings 2 647 450 London Money 14 2 percent discounts 24 213 16 Consols 3 16 percent Paris Three cent rentes 1W 10 for the account on London St

Indianapolis New York Prime Mercantile Sterling Exchange Firm Chicago New York Exchange Boston Philadelphia ST. Louis Baltimore Cincinnati

Market closes heavy as bank statement sparks selling

New York May 17 The street pressured by strike mood as readings fell. Reading stock hit a new low and steel issues weakened with large liquidation. C F I also lagged. Bank statement diverged from forecasts showing cash drop of 1.1 million, loans down 23 million, deposits off 24 million. Surplus reserve dipped to 8.5 million. Market briefly rallied after the report but ended near day’s lows.

Meyer & Kliser New York Reading

Brailee Driver Collides with Teen Pedestrian in Toledo

James T. Brailee, noted independent telephone magnate, sped through Toledo today when his car struck thirteen year old May Schook who was riding a wheel. The girl was killed almost instantly, authorities reported.

Toledo James T. Brailee May Schook

No Life in the Trade Grains Narrow in Chicago Close

Grain traders saw little to excite in the week end session on the Chicago Board of Trade. Wheat slipped to 74 3 4 cents as July contracts eased with limited demand and mixed receipts. Corn and oats also finished softer, while provisions held steady amid light hog runs and stable lard prices. Receipts and Manitoba crop notes hint at tepid trading with weather favoring crop development elsewhere.

Chicago Board of Trade Northwest Manitoba Liverpool London Minneapolis Duluth Seaboard Kansas City St. Louis Northwestern

Wheat and flour prices mixed after modest New York session

In New York on May 17, flour receipts reached 14 642 barrels while exports stood at 15 465 barrels. Prices showed dull but steady support for winter patents and straights with Minnesota and state grains firming. rye and corn markets mixed with weak overall tone as receipts and weather cues influenced trading.

New York Minnesota City Brandywine I. F Duluth Manitoba Bsc Hasac Pacific Coast Galveston California Texas City Extra India Japan New Orleans Rio Sige Cordova Ugar

Trade in General Quotation Reported in Several Cities

In St. Louis on May 17 flour quotes show red winter tent prices around 3.66 to 4.20 per unit, with extra fancy and straight grades mentioned. The dispatch lists general quotations from St. Louis, Baltimore, Cincinnati and other markets as traders monitor grain demand.

ST. Louis Timothy

Market report with mixed grain and commodity prices

Several regional price updates show wheat, corn, oats, and flour fluctuating. No. 2 red wheat at various markets ranges near 1.5 to 2.0 per unit, with barley firm in Milwaukee and oats steady in Minneapolis. Freight and track prices listed for hay and potatoes, with London and Baltimore price references for flour and bacon.

Ste Rey Pew Liverpool Queen Mts London Pacific Ste. Jong American Prime Western Talloway London Louisville Baltimore Kansas City Duluth Minneapolis Northern Tite Milwaukee

Market Reports and Price Movements Across Cities

New York and other markets show firm butter and steady cheese with varied regional quotes. Reports cover creamery, standard and fancy grades, receipts, and wholesale rates for butter, cheese, eggs, and turpentine related goods, with city-by-city price snapshots and movements.

Market report shows slow New York trading on May 17

New York markets were slow and unsettled with copper around the quoted level and zinc near 44 1 2 cents. Metals firmer in St Louis with feed steady at 2.97 and spelter strong at 4. Strong cotton activity in New Orleans with 37 bales sold and middling grades noted amid receipts.

New York ST. Louis New Orleans

Wool trade notes and quiet New York markets

In St Louis on May 17 a brief domestic wool market update mentions fine wool and a general wash of prices. In New York on May 17 the wool market is reported as quiet with domestic figures subdued.

ST. Louis Medias Ces New York

Clean crisp money question from Washington trip

A woman returning home from Washington reports she cannot obtain the clean currency used in the capital. She asks how to secure it in her Western town, noting stores refuse, bankers demand fees, and treasury officials may supply it for a price. The tale hints at a bank counter squeeze and mentions Kankakee.

Indianapolis Journal Washington New York Treasury Sam Moat Kankakee

Also Mentioned on This Page

the Merchants’ National Bank L. S. Bonds Iron - Steel Eeueas W. J. Holliday & Co Asad Ealen Atchison Baltimore & Ohio Canadian Pacific Canada Chesapeake & Oh Chicago & Alton Ind Eastern Great Western Chi G. W Pacific Ty c. c Delaware Hudson Denver & Rio Gran Denver Erie Great Northern Hocking Valley Towa Central F Lake Erie San Fran St. Louis Southwest Sc Ll Southweg St Paul Southern Railway Southern Pacifica Texas & Pacific St. L Went St. . & West Union Pacific Union Pa Wheeling & Lake L Central la Dty Wis Central Adams - Express Wells-Fargo Ae Locomotive Anaconda Minin Colorado Fuel & Iron Consolidated Gas General Electric International Path Inter Internationalaclede Pen Thy National Biscuit National Lea Treasury Statement Associated Banks OF the City OF New York Speece Bank of New York N. Paxtesaseee Manhattan Company Merchants National Mechanics’ National American Phenix National National City Chemical National Merchants’ Exchange National Gallatin National Butchers’ and Drovers Mechanics’ and Traders Greenwich American Exchange National Saas Eee Te Sinceooltases SN A Soroana National Bank of Commerce National Broadway Mercantile National Pacific Chatham People's National Bank Hanover National Irving National National Nassau Market and National Shoe and Leat Corn Exchange Oriental National Park East River National Fourth National Central National Second National First National New York National Exchange Bowery sEbbenchartel Oksicttory New York County National Fifth Avenue German Exchange Germania Lincoln National Garfield National Fifth National Metropolis West Side Seaboard National Western Ccrececseees Brooklyn Liberty National New York Produce Exchange New Amsterdam National Seseereee Pacific Con Aes Pacific Mat People’s Gas Espe Pullman Palace Coe Sar Republic Steel DE Aptecanes Tennessee Coal Union Bag & Paper Co Ty U VU. S Sanstu. S. Steel Western Union American National Bank Capital National Bank Columbia_ National Central Trust Company Indiana Indiana Trust Company Marion Trust Company Merchants’ National Bank Securit Trust Company Indianapolis Street-railway Belt Railway Granger Farwell & Co Ings Paris Cineinnati S. A. Fletcher & CO Washington Street Ire Beeman Tarrington Baker-Vawter CO Copeland Special Bast and Trust Company Stevenson New C.u.green Mackages Sonore Horea Pennsylvania Caeern Southern Dairies Otis Petroleum Savannah Wilmington Owl City Montpelier North Lima S.c Lima Charleston Powlitry Lemena Iic Turkers Metals Wool
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