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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Sep 23, 1902
Page
10
A New York market report details a volatile day with heavy liquidation, scarce selling pressure, and buying by powerful interests. Banks contract loans to cover a reserve deficit while money rates climbed to 20 percent, with some stocks like Missouri Pacific falling before partial recoveries.
Stock items show American Can and National Biscuit active in early trading with Diamond Match also listed. Prices and exact figures unreadable in the fragment, but the page records ongoing market activity for these major companies.
Indianapolis reports commercial paper at 4 5 percent and time loans at 5 6 percent with clearings of 1 695,067.78 and balances 196,435.44. New York shows call money strong at 7 20 percent and bankers bills activity with sterling exchange steady. Markets cover clearings across major cities and include London Paris Berlin rates, plus silver prices and treasury balances totaling 218,596,427 available cash and 130,726,765 gold reserve.
Listings show deeds recorded for Sept 22 1902 with transfers including Maggie to Patrick Davis Lot 92 Elliott's sub Outlet 156 1500 Wm L Elder to Robert W Thompson Lot 109 Alvord Co's sub Butler Fletcher add to College space 4000 Robert W Thompson to Wm Briesaanse 2000 Charles Ria tones to Seroy 3000 Frances M Harper to James W Hensley Lot 18 Hall Place add 1400 Mutual Home and Savings Assn to La avatie Skeen wife 1225 George W Stout to George Asche Lot 395 Stout's Indiana-av add 0 Amos N Hallowell to Ann Baldwin part of Lots 43 43 Bybee Pratt's 1st West Side add 3000 Patrick to O'Connell to Geo W Snyder Lot 31 Ferguson's Hill Place add 1700 Nancy French to Byron F Prunk Lot 4 5 6 and part Lot 3 French's new Dutlet West of White River 1600 Transfers total 29101 00 with various repairs and dwellings listed nationwide in Marion County properties.
The Bank of England receives £30000 in bullion. France plans an £8 million sugar tax cut in the budget as compensation for sugar bounty abolition. De Beers shares fall amid Inland Revenue tax claims on past profits. London gold shipments to New York stay largely static. Wall Street banks dismiss a $1.5 million reserve deficit as sentimental, stating reserves remain ample and safety margins intact.
The Correio da Manha reports U S battleship Iowa’s visit to Brazilian waters provoking protest in Rio de Janeiro. It notes surveys near Guanabara Bay and alleges the ship is spying, urging the U S to halt its activities.
Prices rose on September wheat and corn with strong demand as shorts cover, amid adverse weather. September wheat up 4% and December up about 4% as activity surged in the pit. corn and oats also advanced while provisions firmed on near term buying. World receipts and weekly shipments show notable changes, with clearances and domestic demand influencing the day’s gains.
New York price report shows stronger grain futures with corn and wheat led by rising export demand and a larger than expected visible supply drop. Wheat futures gain amid rains in the Northwest and renewed short covering while corn follows higher, oats steady and oils and sugars little changed.
Market summaries from Liverpool to New York cover wheat, corn, oats and barley prices, flour bids, and commodity movements. Includes Boston to Charleston updates with butter, eggs, cheese, wheat, and petroleum figures, noting firmness in several commodities and steady demand across regions.
Hogs scarce and five cents higher while sheep stay steady as cattle receipts remain light at Union Stockyards Indianapolis. Descriptions cover cattle, hogs, and sheep prices, with quotations across weight classes and notes on market tone, plus intercity yard comparisons and New York and St Louis updates.
Winnipeg reports the Yorkton Doukhobor colony abandons cattle and work animals as they hold it a sin to own such beasts. The government has seized the loose stock and plans auctions to fund relief for the Doukhobors during winter.
Market notes from St Louis and Baltimore show flour prices steady with various grades listed. Also reported are movements in timothy seed rye corn oats and pork lard and dry salted meats with receipts and shipments tallied for the period.
The notice documents certificates issued to numerous individuals across Indiana towns such as Elwood Evansville Vincennes and Indianapolis with amounts ranging from 0 to 17 dollars. Several entries reference war with Spain the Mexican War and dependents or widows. Some spellings appear garbled but names include Andrew J Stevenson Frederick Blend Allen Meyers David Perce John Humes Samuel Forker John C Baas James Sanders W Coonse David J re cliff Aaron Ayer Moxell Sarah Hicks Katherine Breahm Jennie Bowen Harriet Barnhart and others.
The Kensington arrived today from Southampton after a layup at Newcastle where it overhauled and installed an oil fuel plant. The voyage from icee to Southampton proved the oil system successful, but the plant was not fully ready for a longer journey, so the voyage was postponed for the return trip.
Syracuse report states painter Brooks living in Baldwinsville fired on Nellie Carver during a domestic dispute. Carver, a 40 year old widow who had separated from her husband, sustained gunshot wounds. Jealousy reportedly fueled the attack and Brooks, about thirty, was involved in the incident.
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