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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Oct 31, 1902
Page
10
The report shows varied cattle hog and sheep receipts across multiple markets with demand up and prices generally higher early, then steady. Cattle and hog prices ranged in mid four to six dollars with light and heavy cuts trading, lambs and sheep steady to higher as buyers competed.
New York trading opened fractionally higher but remains dull with narrow activity. Gains in St Paul, Baltimore & Ohio, Southern Pacific, Sugar, and Amalgamated Copper contrasted with declines in Reading, L and N, and United States Steel. Call money near 4 to 5 percent, Sterling at 4 86.80 to 4 86.85, with a bond market largely steady amid subdued turnover.
In the Indianapolis area a saloon keeper told police his gambling machine had been robbed. Citizens vow to rally behind him with a testimonial expressing support for his handling of the incident as local interest grows.
Commercial paper rates and market balances across major cities show varied money market conditions. Treasury balance data from Washington notes available cash of 207,153,103 dollars and gold reserves of 112,885,014 dollars.
New York Oct 30 market showed a distinctly better tone due to short covering and lack of selling pressure. Buying orders yesterday, possibly from Gates and followers, supported a rally, with St Paul stock directors meeting but not issuing new stock. Stock market strength centered on new issue, boosted by Standard Oil interests. London bought about 10 000 shares as Sterling remained firm despite call money at times rising to 6 percent.
A London adviser notes no special reason for large gold demand locally while vast cash remains tied in unprofitable investments. South Africa's $50,000,000 loss has opened a hole in national savings, and $1.5 billion in South African securities yield minimal dividends, leaving ready money scarce as investors avoid new purchases. No clear market for investments exists, and future gold from America is uncertain.
Chicago market opened weak with bearish statistics for wheat corn and oats but improved tone through the day. December wheat finished unchanged while corn rose and oats dipped. January provisions closed higher. Reports of Minneapolis surplus partly marketed and strong cash demand supported modest gains as longs liquidated.
NEW YORK October 30 Wheat closed mixed after erratic moves as corn and Northwestern receipts influenced trade. Wheat futures edged higher late on short-covering but finished fractionally lower on the day. Spot No 2 red steady around 78 to 79 cents, with other grains showing varied results amid steady spot prices for lard and firm pork values.
New York stocks opened with no selling pressure as pools bid for round lots and room traders covered shorts. St Paul rose on hopes of a new stock issue but closed off after a report the issue was not taken up. The pressure from fear of rising sales appears near over and the market for the week should stay dull and professional.
London observers note a strong drive to settle American indebtedness, but key questions persist on payment forms whether foodstuffs merchandise or gold. The head of a leading Anglo American bank weighs the uncertain timing and impact of such settlements amid scarce resources.
Flour markets show steady to firm prices with red winter patents at 3.40 to 3.05 and extra fancy straight at 3.20 to 3.35. Timothy seed is steady at 2.60 to 2.50, corn meal 2.00, bran softer on sacks. Oats firm No 2 at 29 to 29 1/4 cents, with other items and dates indiscernible in OCR.
Philadelphia Ledger discusses how sea air and dampness can loosen hair roots and cause dental issues during long voyages. It notes that salt air may affect scalp health and teeth, advising preventive care and routine dental checks for travelers on Mediterranean trips or blue water passages.
An account of a French author who, while tired from reading, discovered a simple method to restore vision. While drafting an article his eyes failed him and he noticed his wife’s patchwork colors attracting his gaze. After experimenting with color impressions, he began to find relief in brief rest periods and visual resets.
Railway schedule fragment lists trains from Magnolia Block and Capitol to Greenfield Knightstown Shelbyville Greenwood and Martinsville routes with hourly starts from morning until evening and connections at Georgia Meridian streets. Freight and passenger express services noted with specific departure times and ticket outlets at local drug stores and hotels.
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