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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Sep 05, 1902
Page
10
In a brief dialogue a young woman asks about interest in literature and a bustling Seer responds with a cautious view. The exchange hints that the value of ideas rests on expression and reader satisfaction, reflecting local literary discourse.
New York shows an irregular market with call money at 5 to 7 percent and heavy trading in United States Steel common. Strong early gains in Steel amid London demand contrasted by weakness in Reading, Pennsylvania, and several rail shares. Curbs show Northern Securities strength while railroad bonds stay active. overall closing remains weak amid late selling.
Treasury and exchange data from Indianapolis to London and Paris, listing clearing totals and balances for major cities, money rates in New York Chicago Boston Philadelphia St Louis Baltimore Cincinnati Washington and a treasury balance note. Private wire reports show U S Steel trading high with expected near term gains amid market optimism. Reading and New York Central patterns weak due to strike uncertainty.
New York September 4 money market checked business today with broad selling in the early hours. Pennsylvan ia stocks opened sharply on outside orders and manipulation while money rates hovered near 8 percent. Loans from outside cities ran at 6 percent early but were soon exhausted. Market overall weakened at the close with sentiment leaning toward lower prices tomorrow.
The live stock markets show no life in cattle markets with a general decline and sluggish demand. Hogs are sluggish and lambs steady. cattle receipts were 630 with 200 shipments, market open with listless demand and many unsold. prices mostly lower with limited buying and several stockers and feeders dominating sales.
Market reports from Indianapolis Chicago Kansas City St Louis and others show cattle and hog prices steady to lower with varied demand. Cattle receipts sparse at some yards while hogs saw slow trade and weaker quotes, top heavies around 7.65 and light weights near 7.40 to 7.55. lambs and sheep held steady with good butcher demand in several markets.
An exchange recalls Admiral Diedrichs and his clash with Admiral Dewey at Manila Bay. The dialogue notes Diedrichs’s role in the harbor standoff and Dewey’s rebuke, ending with a punchy retort about the Kaiser. A Washington Post quip follows about a mild winter affecting coal dealers and the ice man.
Chicago grain markets showed uneven movement amid frost fears. September wheat rose modestly while December eased, corn and oats traded mixed. supplies and weather prospects shaped activity. Wheat receipts were strong in Minneapolis and Duluth with a total near 511 cars for three points, while traders watched weaker hogs and steady lard as provisions firmed slightly.
At New York on Sept 4, flour receipts 20 172 bris with 28 682 bris exports, market dull yet fairly steady. Wheat receipts 24 972 bu, exports 74 291 bu, spot No 2 red 7 7c f o b afloat and other grades listed. Corn meal quiet. oats receipts 231 000 bu. Wheat, corn, oats options show general weakness. May and September futures mixed with volatility from weather and shipments. Lard and pork steady to easier. sugar and coffee futures noted with mild firmness in some grades.
Trade notes from Cincinnati and other areas show flour prices steady to firm with new red winter at 1.25 to 3.10 for extra fancy and straight. timothy seed firm at 2.50 to 4.20. corn meal 29. oats higher at 2. wheat weak with No. 2 red cash 6 1/2 to 6 3/4. corn lower with cash 57 1/2. pork unchanged at 16.90 old and 17.10 new. lair 10.46. dry salted meats steady. bacon steady at 11 3/8 to 11 3/4. hay scarce. whisky 1.31. iron ties 1.07. hemp twine 9c. ship receipts and grain stocks listed for wheat, corn, and oats.
Wheat and corn values edge higher or steady in Louisville Kansas City Toledo and Cincinnati data. No. 2 white oats sit around 29 to 32 cents, rye around 47 to 48 cents, sugar steady, onions and peppers priced per bri, New cabbage and green beans noted, receipts and shipments listed for several sites.
Sept 4 reports firm to steady butter cheese and egg markets in New York Philadelphia Baltimore Chicago Kansas City St Louis Cincinnati Louisville and Boston. Butter firm to steady with varied creamery and full cream ranges. eggs mostly steady to higher with losses noted in some spots. cheese firm with demand in several regions. Poultry prices show steadiness across regions with modest gains for fowls and hens.
New York reports stronger general cotton goods tone with steady demand for quick supplies. print cloths show an upward tendency while shirt goods stay steady. New Orleans quiet with 1600 sales of good Ty. 7 1 16c, 8 2-Ikc middling. Chicago notes whiskey at 1.22 due to corn shortage. St Louis reports wool steadiness and lead and spelter weakness. Also a commentary on Newport society coverage and the Wild Rose affair publicity.
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