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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Sep 13, 1902
Page
10
Kansas City and Chicago market notes show cattle receipts and varied demand across regions. Prices listing for steer and heifer categories, stockers and feeders, and cows and calves alongside hogs, sheep, and lambs with regional price ranges and shipping receipts.
A London syndicate with a $50 million capital, linked to the coal combine, plans to buy the Fife and Clyde mines. Prices on Paris and Berlin bourses opened steady or firm amid cautious sentiment. New York seats record an $81,000 purchase. Heavy rains hurt English crops and grain quality. American gold export talk persists, with mixed demand for money. White Star mail schedules shift delays Queenstown arrivals to 10:15 a.m. Thursdays after Oct 1, spurring post office timing disputes.
New York stocks end unsettled with wide declines across sectors as call money jumps to 15 to 20 percent. Sharp losses hit Missouri Pacific, Louisville & Nashville, and grangers while Union Pacific and St Paul show relative strength amid broader weakness. Bank cash losses mount with transfers to the subtreasury and pensions, signaling tighter liquidity and a cautious outlook.
In Indianapolis commercial paper ranges 4 to 6 percent with time loans at 5 to 6 percent. Clearing totals reach 1,721,863.42 with balances at 34,057. New York money on call strong at 6 to 7 percent with prime mercantile paper at 8.0 percent. Sterling exchange weak with bankers bills around 4.85.50 to 4.85,625 for demand. Sixty-day bills at 4.82,875. Commercial bills about 4.82.25 to 4.82.75. Clearing in New York 317,123,606. balances 12,090,057. Chicago posted exchange 4.54 for sixty days, 4.87 on demand. New York exchange at 2c discount. Chicago clearings 25,473,068. balances 1,569,000. Boston clearings 21,033,329. balances 1,319,396. Philadelphia money 0.5. clearings 17,804,852. balances 0.0. St Louis New York exchange 2c discount. clearings 5,964,137. balances 1,191,789. Cincinnati money 4.6. New York exchange 2c discount. clearings 565. Silver markets show bar silver 51%c in New York, 40%4c Mexican dollars. London bar silver 23% of per ounce.
London quotes show money at 242 percent for 1 cent and short bills at 4 215-16 and three months bills at 213-16. Paris lists three per cent rentes at 11 42 and exchange on London at 2% 2c for checks. Berlin reports London exchange at 20m 48pigs for checks.
Washington reports Friday balances in the general fund excluding the $150,000,000 gold reserve. It lists cash and gold totals with figures indicating a gold balance of 126,466,651 dollars.
NEW YORK Sept 12 Money conditions drove today's market with London prices lower and foreign stock sales. Liquidation overshadowed any bullish factors with rates near 20 percent and a potential decline ahead until a substantial relief boosts values. Rumor of a $10,000,000 gold import from the Bank of France circulates without official confirmation.
Gunman Gott Heb Niegenfind killed his former wife Annie Peters and wounded Albert Breyer and Lena Breyer after a quarrel over children. Peters dies. Breyer dies next day. Peters’s sister Lena escapes an attempted assault as two sheriff’s posses hunt the fugitive.
A killing frost across half the corn belt led the Chicago grain pits to open weak with a broad rush of selling in wheat and corn. Wheat rose early on sympathy but closed weaker as warmer weather predictions and battle-tested shorts capped gains. Oats eased while provisions rose on the hog market. receipts and futures data show mixed moves across wheat, corn, oats, and pork futures with crowded buying and cautious selling.
New York market summaries show flour receipts 25,086 bushels with exports 11,477. Wheat futures fell late after early firmness amid light export demand. May 4% 75 to 4%. September 7 77 5-16 to 76%. Corn receipts none. spot No 2 elevator 72c. oats 165,000 bu receipts. hay firm. lard and sugar market notes also cited with steady to firm tones.
Market brief lists prices for molasses sugar and acetic trif 96 test, with quotations from St. Louis, Baltimore, Cincinnati and other hubs. Reports varying prices for wheat, corn meal, oats, lard, bacon, and pork products across Kansas City, Cincinnati, Toledo, Philadelphia, New York and Chicago. Also covers butter, cheese, eggs in several cities and wool market trends with stock figures and recent shipments.
Sept 12 market wires show turpentine rosin and oil prices steady or firm across Wilmington and oil city regions with crude petroleum values around 1.40 to 1.50 and tar at 1.50. Poultry rates plus cotton and metals quotes appear mixed with steady to unchanged conditions in major hubs like New York, St Louis, Chicago and Boston.
A 24 hour list from the recorder shows deeds recorded in Marion County Indiana to Sept 12 1902. Entries include various parcels in Brookside suburb Clifford Place Tremont Avenue West End and nearby areas with buyers such as Daniel arto applo B Hardacre James C Graves Ida G Smith Jeremiah Poe and others and sale amounts ranging from 400 to 4 000 dollars.
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