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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Sep 22, 1902
Page
3
Interstate Stockyards reports light cattle receipts with steady top grade cattle and declines across stocker and feeding categories. Hog and sheep markets show weekly fluctuations, with hogs down modestly while demand remains strong from shippers. Oil content of the market remains cautious as prices drift and local demand steadies.
The cattle receipts this week show a rise of about 600 from last week and year, with fat stock demand fair and prices mostly steady to lower. Hogs show a week of increased receipts about 2,000, with a bear packer stance offset by occasional liberal concessions. market eased with prices around 7.25 to 7.50 for the best heavy hogs. Representative sales lists include stockers, feeders, and various steer and heifer categories with prices noted for each class.
Speculation grows over impending moves involving St Paul common stock aided by expectations of a lift from upcoming bank actions and Canadian Pacific prominence. Earnings gains and land-sale profits bolster sentiment while the bank statement later shows a larger reserve drain of 7.5 million dollars, triggering heavy selling and a price dip of one to two points as traders take profits.
Indianapolis reports commercial paper at 4 9/6 percent and time loans at 5 6 percent with clearings 1 600970.96 and balances 239066.25. New York call money steady at 5 percent, sterling exchange firm, exam posted rates 4 8544 4.84 and 4.86. call out 4 824 4.82. Chicago posted exchange 4 84 4 86, clearings 20070789, balances 1546562. Boston clearings 19403191 balances 1739789. Philadelphia money 6 percent, clearings 17239384, balances 2838817. St Louis NY exchange at par, clearings 6320078 balances 709244. Baltimore money 5 6 percent, clearings 3467510 balances 452043. Cincinnati money 44 46 percent, NY exchange par, clearings 2. London no market, Paris rentes 3 percent, exchange on London 21 19 c, Spanish fours 85 16. Berlin exchange on London 0m 46pt checks. Silver markets: New York bar silver 51 4 1 cents, Mexican dollars Whe. London nominal 24d per ounce.
Washington report notes general fund balance excluding the 150000.00 gold reserve in redemption division. Available cash balance listed as 218,189,747 and 131,091,205 in related figures, with reference to gold holdings.
Meyer and Kiser's Telegram from New York reports a lively market opening with broad strength. The general list shows firm sentiment and advancing tendency led by St Paul rising two points amid optimistic support from Standard Oil interests.
The New York market opened strong with gains in St. Paul and Pennsylvania as investors bid up stocks on talk of a good bank statement. When the official report appeared it surprised investors by showing worse results, triggering heavy selling and a sharp price drop. The session closed at day’s lows amid continued tight money conditions.
The Circuit Court notes multiple civil actions with defaulted defendants and a decree quieting title in favor of the plaintiff, dismissals and costs against several plaintiffs, and a receivership closure. Also listed are criminal appeals, a divorce with child custody and support awarded, attachments, foreclosures, and new suits filed in various courts.
Appellate notices record several case entries and briefs across counties. Names include John B W Giller Harriet West William Sefton Board of Company roles Harrison Collicott Lucy Alten Mary Ruse Ella Baird and others with various appellant briefs and oral argument petitions noted in minutes and assignments of errors.
ANNAPOLIS Md Sept 21 Of the 117 candidates examined by the Civil service Commission for admission to the Naval Academy only thirty two passed mentally It is thought that a number of the candidates who were only slightly deficient will be admitted by the examining board on Monday These passed H L Pease Ohio E S Wunderly Ohio H F Weite Indiana J C Bogart Ohio A C Barber Ohio J M Durlow Indiana E B Armstrong Indiana J W Dickerson Tennessee W L Calhoun Florida A C Kidd Ohio and P A Hord Kentucky.
In Johnstown Pennsylvania David M. Guchner shot and seriously wounded seventeen year old Leorena Winebrener near her Goodmarsh home last night and then fatally shot himself. Jealousy and revenge motive cited for the deadly act.
Chicago markets report lifting prices across grains as September wheat leads gains amid bullish sentiment. Rains slow spring movement, elevator stocks shrink, and cash grain premiums grow with strong export demand. Oats and corn advance then ease while provisions stay firm. near-term receipts show mixed signals.
NY floor shows firm bids across cereals as wheat rallies on Northwest rains and a shorts squeeze. Spot prices steady to strong for No 2 red wheat while corn and oats gain with May and September contracts closing higher.
Market brief lists Japa Molasses firm and New Orleans open kettle trade with several grade terms. References to coffee, Cordova, refining, and assorted molasses sugar prices appear, including No 6 and No 9 varieties, with miscellaneous figures such as 4.55c and 4We per unit.
Market notes from St Louis Baltimore Cincinnati and other centers show mixed grain and livestock prices with wheat and corn at varying levels. Reports list prices for flour lard pork and dairy products alongside receipts and shipments across multiple cities including Liverpool Philadelphia and Minneapolis.
New York reports firm butter market with packages and receipts totaling 3,744. Prices vary for Sta bar 16 21 1 2c and De monte choice. Baltimore notes imitation butter and creamery varieties at 16 to 18c. St Louis and Cincinnati show steady to firm butter with higher cheese prices. Kansas City reports fresh eggs. Boston notes firm receipts. Overall market activity shows firmer tones with mixed regional price ranges.
London reports large New Zealand wool offerings sold freely at firm prices with active demand for medium lustrous greasy wool. Imports show sizable weekly arrivals from New South Wales Victoria New Zealand Cape of Good Hope and Natal. In the United States wool markets steady with mixed grades. petroleum markets and metals show little change across major cities.
A fragmentary New York note dated September 3 hints at a marketplace or deal in all departments. The text is garbled but signals sellers facing demand and some disruption in sales or distribution across sectors.
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