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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
May 24, 1902
Page
10
A M Fletcher transacts general banking business receiving deposits subject to draft. Handles dividends collected and remitted acts as fiscal agent for corporations and negotiates security issues for railroads and other companies. Deals in government bonds and other investment securities. commission orders executed.
Cattle receipts 1,009 shipments with liberal five day totals and higher prices. Fat cattle scarce, demand strong for top quality. hogs 6,000 shipments with steady to firm quotes. sheep and lambs steady to lower with active markets. Interstate stockyards also note steady demand and pricing.
The Minnesota Supreme Court heard the state case against C. F. Wagenhals and J. M. Rumberg over using preservatives in food. Rome G. Brown argued borax is harmless and the preservative ban unconstitutional. Attorney General Douglass contended borax often harms health and salt is a health necessity, not a discrimination.
In Cleveland on May 23 Judge Stone sentenced Tony Deisner, former Deputy Police Clerk, to four years in the penitentiary for forging Police Court witness fee vouchers. His stealings totaled $3,000 after pleading guilty to two of four indictments.
New York May 2. 1920s stock market dull with London gains fading. National Lead and Amalgamated Copper show strength on merger and copper demand rumors while currency movements hint at easing credit. Coal strike and upcoming corn crop influence drive, with Boers peace news awaited. bond market steady as banks report contraction of loans and deposits.
Indianapolis street railway bonds and traction company securities listed with bids and asks. Street railway and industrials sections show bond prices around 86 with various issues. Chicago stocks include American Can, American Can preferred, Diamond Match among others. Thursday quotations reflect monetary notes and market activity.
Indianapolis reports commercial paper at four percent and time loans at five to six percent with clearings of 1 440 035.90 and balances 148 162.20. New York calls money easier at 2 to 3 percent, sterling exchange heavy, and bankers’ bills quoted. London and Paris money and exchange rates noted. treasury balances show available cash 187,629,253 and gold 95,733,396 with the gold reserve excluded.
Judge Stubbs presided over a lighthearted session with two 14 year old girls charged with assault and battery. After a stern reprimand and a $1 fine plus costs, he urged parents to rear their children properly while the girls remained under suspended sentence.
The notice lists certificates issued to many individuals across Indiana towns including Original Thomas J. Beckley Royal Center and John 5 Tredell Richmond with varied sums. Other names span Bridgeport E W Parnell Knightstown Henry Words Walkerton Milton L Rock Hartford City James Davinburg Indianapolis Samuel H Matthews Fremont Samuel Batt Marion Enoch Scotten Clayton Jacob Burk Port Joshua P F Speulding Lowell Valentine Apple Cumberland Miles N Newman Ossian Denia W Wilson Lagro John A Frazier South Bend Jasper McKee Elkineville Elijah Shook Aquilla ards Barnett Fairfield Greentown Seth Watson Richmond Original Widows Minor James EHingham Harber s Mill Jusetta Tyring Spurgeon Cornelia A Shook Rising Sun Margaret J Linas A R Se Osas Lidia A Smith Crayfordsville Sophia ir Seepee See stone.
Chicago: late session selling pushes July wheat down to 73 4 in. and corn lower as bearish crop prospects grow. Oats ease. provisions slip. Receipts mixed. Argentine shipments rise. Market shows cautious cash demand but overall dullness with small gains early fading into a weak close. Local and primary receipts vary across regions.
London reports a robust sale with 15 165 bales as New Zealand stock, chiefly for home buyers, attracted strong competition including America and Europe. Prices varied by grade with scoured and greasy lots moving. U S and European buyers showed steady demand as Boston and St Louis markets noted mixed trends in wool, butter, and other staples.
In New York on May 23, flour receipts 23,750 brls with exports 12,717 brls, market slow and easier. Wheat receipts 56,575 bu with exports 83,080 bu, spot easy and prices mainly lower after a bear scare from strong crop news. May close 7 1 2 c, July 79 7 16 c, Sept 77 7 8 c. Corn spot easy, but price action mixed with initial strength fading. May 66 1 2 c, July 6 1 2 c, Sept 6 5 8 c. Oats receipts 57,560 bu, exports 4,265 bu, spots steady. Lard, tallow, coffee, sugar, and molasses markets described with assorted prices. refined sugar steady, raw at 2 1 2 c, Rio coffee firm at 4 1 2 to 5 1 4 c, Cordova 14 1 2 c.
Trade in general shows mixed movement with flour steady, wheat down, corn and oats fluctuating, and lard and pork edges lower. Prices for timothy seed, bran, and hay also varied, while note entries reference futures like September and May contracts and imply broad market activity across grains, meats, and fats.
A quiet general dry market reports no price changes in cotton or woolen goods and no shift in rent features. Linens remain firm in price, burlap products steady, with active but cautious trade in suauted items.
New Orleans reports quiet steady cotton with 1000 bales sold and receipts of 1096 bales, stock around 147,020 bales. New York notes closing comforts at middling gulf while St Louis shows metals irregular with lead near 3.95 to 3.97 and speller steady at 4.35 cents.
Instruments for record in Marion County recorder's office during 24 hours ending 5 p m May 33 102 show transfers from Geo Cairns to Margaret Bruce Ignatz Hurri e to Omer Baker Katharine Miller to Adelina Hugo Smith to Marion Ensley John G McCullough to Anna Grummann Melvina J Johnson to Indianapolis Plainfield Electric BR Co and others covering parcels in Fletcher and Belmont avenues near Chicago and Morris streets with prices from 1 09 to 6 000 and several sub and lot descriptions.
Union Traction Company of Indiana issues a time table effective at Union Block station. The notice lists schedule details with the station name and date reference, indicating a transit timetable update for riders and operations.
Passenger cars run from Georgia and Meridian streets with first car at am or m and last at 10 pm. Local cars arrive Georgia and Meridian at 8 am and depart 3 pm with a mid afternoon service. Combination passenger and express cars depart Georgia and Meridian at 9, 11, 3, 6 pm with daytime service.
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