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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
May 29, 1902
Page
10
Describes a general banking business that accepts deposits subject to draft and remittance of dividends. Acts as fiscal agent for corporations and negotiates railroads and other company securities. Engages in government bonds and investment securities, with commission orders executed.
In a subdued stock day traders operated in a narrow band of room trades known as trading jack-knives. Outside orders were sparse as profits and losses stayed within boardroom limits. News of coal and grain prospects mattered little amid cautious market sentiment ahead of a holiday.
Indianapolis and New York report varied money rates and clearings as markets show steady call money and firm sterling. Chicago Boston Philadelphia St Louis Baltimore Cincinnati all list daily clearings and balances. London Paris Berlin and Washington provide exchange and Treasury balance data with available cash noting the gold reserve and overall liquidity.
May 28 at Union Stock Yards Indianapolis cattle receipts 800 with a weekly decline, prices weak for unfinished cattle but top steers up to 7.45, heifers to 5.75, cows to 6.50 while hogs at 6.4 to 7.4 and sheep and lambs showing limited demand and steady to firm quotes despite overall lighter volume than last week.
Horse and cattle sales show varied demand. Blair Baker horses sold with steady prices as quality improved versus last week. Interstate Yards report weaker cattle at Indianapolis with strong butcher stock demand and narrow top, while hogs rose slightly at several markets. Kansas City and Chicago logged lower beef, higher stockers, and steady to higher hogs. East Buffalo and South Omaha noted brisk hogs and steady sheep mood, with lambs firm in places. Philadelphia notes egg question.
Bears led a broad market downturn as large liberal bid acceptances from country corn holders spurred a sharp drop in July corn and dragged wheat and oats down. Other factors included strong cash bids earlier, favorable crop reports, and steady to weak provisions with mixed receipts.
In New York on May 28, grain prices eased with a quiet, lower tone across commodities. Wheat receipts totaled 1,850 bushels with a weak close, corn offerings rose and fell with country unloads, oats remained steady, and secondary markets for cut meats, lard, and refined products showed subdued activity.
Market notes from St Louis and Baltimore list flour red winter patents at 3.60 to 3.70 with extra fancy and straight at 2.06 to 2.45, oil seed seed timothy nominal, corn meal steady at 3.15, bran 0.00 per sack, wheat lower with No 2 red cash at about 7.34, futures for May July September seen. corn futures shown with May July September quotes. oats and other grains lightly summarized amid mixed bids.
Market reports from Louisville Kansas City Toledo and other cities detail steady or lower tones for flour, wheat, oats, corn and rye. Prices listed for hay, timothy, lard, bacon and whisky show subdued demand. shipments and receipts through May include wheat and corn figures, with regional variations and several specific bid prices.
May 28 market notes from York Philadelphia Baltimore Chicago Kansas City Cincinnati and more show butter receipts and prices varying by region with steady eggs and mixed cheese prices. Oil and spirits turpentine rosin and related commodities show firm trends across Savannah Wilmington Charleston and London markets with notable price levels and receipts.
New York May 28 reported a full spot market with average mail order supply. Cotton goods staples and fancies held prices, print cloths were slow and unchanged, and men’s wear woolens and dress goods were quiet or dull at previous levels. St Louis May 24 noted metals active with lead firm at 3.92 and zinc stronger at 4?6?bc, details uncertain.
The Mont Pelee eruption is said to reveal features unknown to scientists and signals a shift in scientific interest. Earlier scientists showed little inquiry into volcanic phenomena, merely stating facts. The current awakening may or may not benefit humanity, but the causes can be explained.
A writer's late search for the Apocrypha exposes bookshop doubt and confusion. He asks a clerk if the edition is weekly or monthly, revealing tension and bemused smiles amid shelves. The scene reflects literary world curiosities in an era of ephemeral periodicals.
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