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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Sep 09, 1902
Page
9
The firm announces a general agent and adviser service to handle investments, estate matters, and business affairs. It emphasizes vast capital and experienced leadership, offering free advice to meet rising modern life demands.
Fragmentary stock market note lists preferred stock and bonds with limited legible entries. No names, dates, or figures readable.
Persistent strength in high money and rising demand loans dominated the day as market activity soared. Railways led gains with Missouri Pacific St Paul Baltimore & Ohio and Wabash advancing, while independent steel and copper issues posted notable increases. Rock Island saw strong demand and the outside market traded heavily in Northern Securities with new highs in several iron and steel names.
Indianapolis and New York money markets list rates on commercial paper time loans and call money. Clearings totals for Chicago Boston Philadelphia and St. Louis, with balances and currency exchange quotes. London and Paris money rates, Spanish and Mexican coin values, U S treasury balances and gold reserve noted.
New York market opened near Saturday close with limited sales but strong support. Missouri Pacific and Wabash issues led gains as money rates spiked and foreign exchange weakened. Reports of a frost-free corn crop spurred buying in corn carrying roads incl Atchison Rock Island Union Pacific and Southern Pacific. Leaders aim to lift values on a higher level amid presumed national prosperity.
New York September 8 The market stayed professional with advances in the active list while money markets remained firm. Standard Oil interests were reported buying St Paul and Missouri Pacific as Reading continued to draw purchases from outsiders amid strike expectations. Keene pools supported Southern Pacific. Money demand stayed strong and time funds held around 6 percent.
Indianapolis union stockyards report cattle receipts at 160, smaller than last week and year. Prices steady to higher for choice steers and heifers, with hogs in fair demand but mixed. sheep and lambs about steady with global market tone uncertain. East Buffalo and Chicago notes show mixed movements, with cattle and hog futures under pressure and regional variations in price levels.
Instruments filed for record in the recorder's office show transfers and liens across multiple townships and additions. Notable entries include Christian Schwemeyer to Robert Martindale, Central Trust Company to David Lugadder, and Margaret H. Barnaby to Erna B. Turner, with total transfers and encumbrances totaling tens of thousands of dollars, plus assorted repairs and property improvements listed for various parcels in Indianapolis and nearby areas.
Chicago reports bearish factors lowering near futures with September wheat and corn slipping while December grains show mixed moves. Traders cite weather forecasts and strong export demand as offsets, with hog pricing favoring feeding 60-cent corn over selling and tonnage moving through Duluth and the seaboard.
Market report across cities shows mixed shifts in grains and livestock. Wheat No 2 red futures ease while oats and corn hold firm. pork and lard trade steady to higher. butter and cheese move within narrow ranges. regional prices vary with storage and transport notes from St Louis Baltimore Cincinnati and other hubs.
New York reports mixed grain activity with flour receipts at 27,189 bris exports 11,69 bris quiet but steady. Wheat receipts 297,325 bu exports 56,667 bu spot steady No 2 red 75 4c elevator. Options opened weak then rallied. May 74 11-16 to 74 1/2c. Sep 75 1/2c. Dec 72 11-16 to 73 1/4c. Corn receipts none exports 42,257 bu. oats quiet with Spot No 2 on Dw lot.
Timetables for Union Traction Co Indiana routes and Indianapolis Greenfield Line effective 1902. Lists departure times from Union Block West Maryland Street for Anderson Muncie Marion Alexandria with multiple daily trains and express connections. Also covers freight and passenger service between Greenfield Mooresville and Indianapolis with connections via Georgia and Meridian Streets and Kentucky avenues.
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