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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Sep 11, 1902
Page
10
An individual whom one would ask to serve as executor or trustee of an estate generally has large business interests of his own and finds it impossible to give the necessary time for the numerous details of settling an estate. He consequently turns over much of the work to an incompetent and inexperienced employee.
The Indiana Trust Co. assigns estate settlement to competent employees trained for the work. They treat it as core business, not an outside matter, with officers providing personal supervision to ensure thorough handling and reliability.
News of a lenders conference to end the anthracite strike boosted shares in B and O Reading and Pennsylvania rails and kept the market broadly firm. Trading was lively with gains across St Paul Missouri Pacific Atchison steel stocks led by gains while Amalgamated Copper softened. Gold imports estimated at two million. A late session drawdown followed reports of Mr Rus being taken ill and leaving for care.
New York market opened strong but cooled as rumors of Russell Sage’s serious illness swept Gould stocks and dragged the rest of the list lower. Pennsylvan ia and Baltimore & Ohio led gains earlier, while Missouri Pacific faced renewed selling. Major issues posted mixed moves with several rail and steel names hitting new highs, and overall turnover exceeding 1.2 million shares.
Indianapolis to Washington reports show commercial paper rates at 4.96 percent and time loans at 6.6 percent. New York money at 6.75 percent. sterling weak with bankers' bills near 4.86 dollars. City clearings range from Boston to St. Louis, with totals and balances listed. bar silver at 51.5 cents, Mexican dollars 40.9 cents. Treasury cash available at 212.21 million.
Cattle receipts weak. fat butcher stock in demand but not prices. Hogs opened active then cooled. light hogs sold about 1 to 5 cents lower while heavy weights were weakest. Sheep receipts steady with markets holding but modest gains unlikely. Individual entries and price ranges reflect mixed activity across feeders, calves, cows, and bulls.
The report covers multiple regional stockyards with cattle, hogs, and sheep sales. Lamb prices slipped by a few cents while good sheep held near steady. Horses and draft stock showed varied values, with coach horses up to 165 dollars and extra drafts around 225. Markets from Indianapolis to Kansas City, Chicago, New York, and East Buffalo display a broad trend of softer lambs, steady to firm cattle, and uneven hog demand amid shifting buyer participation.
Speculators awaited the government crop report as weather and demand steadied grain markets. Wheat closed with a minor uptick while December prices, corn and oats held narrow ranges. hogs and pork products showed slight declines amid mixed receipts and export activity.
Market notices from Savannah Wilmington Charleston Louisville St Louis Boston Cincinnati New Orleans and New York reflect steady to firm oil and rosin prices. Turpentine rosin and crude petroleum hold steady with modest shifts. cotton and textile goods show firm demand in New York trade circles.
Helena Sept 10 J H Andress cashier of the Helena Water Works Company was arrested on a embezzlement charge. His alleged shortage is said to total about $18,000.
New York reports show flour receipts at 18 740 barrels and 11 002 barrels exports with moderate activity. Wheat receipts 131 625 bushels and 198 222 bushels exports. options rise on Northwest movement and crop fears, closing with a partial 4 cent net advance. Corn receipts 3 100 bushels, spot steady, options firm on weather and frost talk, closing unchanged to 1/2 cent higher. Oats receipts 115 000 bushels, spot quiet, options active and higher on receipts and grain strength. Prices for meats and fats steady, lard and pork steady, sugar and coffee markets steady or firm.
Flour quiet with prices for red winter and fancy grades listed. Wheat and corn futures mixed with No 2 red cash and futures quoted. Dates and timetables show varying prices for seeds, meal, oats, and rye. Dry goods and bacon prices noted along with hay market dullness and vague railroad references.
Marion county Indiana recorder chart lists real estate instruments filed in the prior 24 hours through Sept 10 1902 including transfers by Jessie Carson Maggie B Bunch Clara Wolf Liga Cochere John T Hedges to George Cummins and other parcels in Cooper Picken Northeast add Sheldon Street and McLain Place as well as Berkshire Life Insurance to William Surber and successors. Interurban and Greenfield line timetables from Union Traction and Indiana streetcar routes show May 1902 schedules for Anderson Muncie Greenfield and Indianapolis Martinsville areas with departure times from West Maryland Kentucky Georgia Meridian and Washington streets and connections to Elwood Marion and Alexandria. Transfers total listed at multiple addresses with prices and names like Hall Place Florence Brown Sub and Lincoln Park add alongside repairs and additions by listed individuals.
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