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The Indianapolis Journal in Indianapolis, Indiana

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This newspaper page contains 15 articles. Subscribers can read the full text of each article.

Newspaper

The Indianapolis Journal

Location

Indianapolis, Indiana, United States of America

Date

Sep 29, 1902

Page

7

Live Stock Market Report from Indianapolis Market

Receipts and prices for cattle hogs and sheep at Indianapolis stockyards and Interstate yards, with weekly comparisons. Cattle demand weak but steady for best steers, hogs mixed with recent declines, light sheep activity, and prices quoted across multiple weight classes and regions. Local packers bought 16,795 head of hogs that week. cattle receipts showed softer female butcher stock due to Western competition. calves and bulls showed varied, with steady top prices around 7.25 for steers and 7.00 for calves.

Union Stockyards Indianapolis Sept. T Liverscessessees Interstate Wong Kansas City A. Vteers Texas Texas Fed Etigne ST. Louis Trias Genet Packers South Omaha Rue Rece Ees PE Pata Ag Niier

Day of Wide Changes In Market After Bank Statement

Feverish stock trading on the New York Stock Exchange reflected a contest between bullish and bearish interests. A surplus bank reserve of 3,236,625 triggered renewed volatility with rail and mining stocks fluctuating. Louisville and St Paul led declines amid reports on Atlantic Coast Line control and rights offerings. Dealers cited money-stringency, loan contractions, and bank-call pressures as the core factor driving week-long weakness, while Treasury moves offered guarded relief amid elevated call money and limited gold imports.

New York Stock Exchange Louisville Atlantic Coastline St. Paul Sterling Exchange Secretary of the Treasury Lal United States Treasury Treasury Department London Honda United States

New York Clearing House Banks Weekly Totals

Treasury balance figures show an available cash balance of 220,217,509 dollars. The gold reserve stands at 137,006,443 dollars with an overall decrease and increase in bank reserves noted. Weekly imports at the port of New York reached 10,471,477 dollars in dry goods and merchandise.

New_York Washington Treasury Sa Ees

Bearish Tone in Grains Signals Small Losses

Grain markets register a 3 to 4e advance in price amid a cautious session. Provisions doll shows a modest downturn with small net losses across major grain futures as traders weigh supply, demand, and weather signals.

Weekly Bank Statement Surplus Rises With Gold Imports

The New York weekly bank statement shows banks hold a surplus of 3,236,625 over required reserves, up from 1,642,050 last week. Loans and deposits declined while circulation rose and gold imports boosted cash, suggesting a potential easing of the contraction in loans and a move toward restoring normal monetary conditions. Chicago market notes indicate light trading in grains with mixed price moves and sizable receipts in the Northwest.

New York Clearing House New York Associated Banks London Australia San Francisco Secretary of the Treasury Treasury

Rates on Loans and Exchanges and Balances

Indianapolis shows commercial paper at 4 6 percent and time loans at 5 6 percent with clearings 1 788 710.08 and balances 331 670.33. New York call money at 6 percent, odd lot at 7, prime mercantile paper 6, Sterling exchange firm with banker’s bills at 487.75 for demand and 482.50 for sixty days. Chicago reports no discount on New York exchange, foreign exchange unchanged, sixty day rates 4.83 and demand, clearings 25 289 612, balances 10 820 816. Boston clearings 19 376 446, balances 1 742 087. Philadelphia money at 6 percent, clearings 20 243 222, balances 2 696 791. St. Louis money steady at 5 0 6 percent, New York exchange discounted, clearings 5 351 309, balances 945 603. Baltimore money 6 percent, clearings 3 705 247, balances 535 657. Cincinnati money 5 6 percent, New York exchange discount. London money 24 2 percent, discounts 34. Consols 9 16. Paris three percent rentes 100 percent. London exchange for checks 25 17 percent. Berlin exchange on London, discounts 3 percent, three month bills 2 percent. Silver markets note bar silver at 51 4 percent in New York and London 224d per ounce. Exports of specie from New York 516 002 in silver and gold amounts, imports at port of New York mentioned.

Indianapolis New York Prime Mercantile Sterling Exchange Firm Actua Bankers Chicago New York Exchange Boston Philadelphia ST. Louis Baltimore Cincinnati

Morgan Co announces early October interest payment plan

The market opened irregularly yet firm as Morgan&Co said it would anticipate $15,000,000 of October interest payments. Initial selling eased, the bank statement surprised on the upside, and a late covering move lifted prices above the opening, with the week likely to hinge on bankers' actions and potential gold imports if rates stay high.

Meyer & Kiser New York J. P. Morgan & Co Morgan

Poor bank statement drags market after early weakness

New York on September 27 saw a very weak market in the opening hour as bankers opposed price manipulation by pools. The mood shifted after the bank statement was published, bids rose for both accounts, but heavy taking of profits halted the advance and left future price directions uncertain.

Granger Farwell & Co New York

Swift & Co to control City and Chicago plants

The Tribune reports Swift & Co notified Anglo American Packing Co that it would assume control of the City and Chicago plants, marking the consummation of the alleged beef trust move. The action, yesterday, completes the formation step though of little moment in itself.

Chicago the Tribune Swift & Co Anglo-American Packing Comy Pranser

Market notes from New York grain and flour prices

NEW YORK Sept. 27 Flour receipts 5298 bris exports 22792 bris. Market steady dull with few buyers. Winter patents 3.60 3.90, winter straights 3.35 3.50, Minnesota patents 3.80 4, winter extras 2.50 3, Minnesota bakers 3.15 3.35, rye flour 3.15 3.40, choice 3.50 3.00. Buckwheat 22.35 to arrive. Barley quiet 43c fob Buffalo. Wheat receipts 117000 bu exports 15993 bu. Spot easy No 2 red 72c elevator. May 7.44 7.415/16c. Corn receipts 8400 bu exports 42016 bu. Oats receipts 0. Rye steady 58 65% cotton. Continuous text trimmed to readable facts.

Chicago Board of Trade Shorts Minneapolis Duluth Ovisions Yeoeeyey Berk New York Minnesota Brandywine F. Buffalo C. i. F. Buffalo Sic Manitoba Ae Bu Axperta Stan Mae Pacific Coast Bae Galveston California Texas City Extra India Mesa Japan New Orleans

Flour Markets Across Cities Report

Cincinnati and other places report steady flour prices with red winter and other wheats firm. Market notes indicate corn trends and slight shifts in grain futures as trading resumes.

Market notes and prices from Liverpool to Milwaukee

A dense price roundup lists lard, boxed short clears, hay timothy Prairie at varied values, flour and grain figures for corn oats wheat and rye across Liverpool, Baltimore, Kansas City, Toledo, Duluth, Minneapolis and Milwaukee with firm to steady tones in meats, butter and cheese. Names of commodities, grades, and regional quotes appear with numerous figures and dates.

Dairy and egg market snapshots across U S cities

Sept notes show butter and cheese markets in New York Philadelphia Baltimore Chicago Kansas City St Louis Cincinnati Boston with varied steady to firm prices. Receipts and condition flags mention 16 to 24 cent ranges and Western butter and creamery product movements across markets.

New York Pennsylvania Philadelphia Baltimore Kansas Lees Cares ST. Louis Gairy Cincinnati Ohio Boston

Wool Auction Reports Mixed Demand Across Regions

London and multiple U S cities report wool markets with varied demand. New South Wales and West Australian clips sold well at full rates while home trade buyer activity was sparse. Detailed bales and prices touch greasies and scoured grades across regions including Victoria South Australia and Natal with notable imports forwarded for the week.

London New South Wales America Victoria South Australia West Australia Balan Cay Good Hope Natal Wales Gave of Hope ST. Louis

Poultry prices and metals report fromSept markets

New York reports poultry and live stock movements with scattered prices and notes on turkey, geese, and hens. Metals show little change with copper, lead, and zinc quoted and wages data not specified. Textile goods and cotton market activity described as quiet with steady or firm tones.

Also Mentioned on This Page

the Merchants’ National Bank United States Depository Delaware and Madison Counties Harry B. Gates W. J. Holliday & Co East Buffalo Xorke York Car & Foundry American Locomotive Uym United States Steel A. T A Canadian Pacific Ay & Alton i Chicago & Alton Chicago, Mil. & St. P Ty Ce St . eSern Colorado Oath Delaware & Lackawanna Delaware & Hudson Denver & To Rande Denver Associated Banks City OF Associated Banks of New York City Eaoklyn Treasury Statement Sebenteeetee National Bank of Ca Hanover National Irving National Veer National Citize Nassau Peneses Market F’ National Shoe and Leather Corn Exchange Oriental + Importers National Park East River Nationa Fourth National Central National Second National Weresescees First National New York National Exc’ Bow Eawceweer Bedayeebindy New York County National Seesee Tee Chase National Fifth Avenue Lincoln National Garfield National Fifth National Etropo West Side Seaboard Berry National New York Produce Exchange New Amsterdam National Bank Astor National Teessesereres Reseee National Bank of the United States Leena Ae Iowa Louisville & Naghvill Union Pacific Aes Union Pacific Wabash Wabash Lake Sly al Lake Erie Ist Wisconsin Central Sly Brooklyn Rapid Transit Manhattan Wits Pacific St. Railwa Western Union Sone Union Pacific Olo Obacco American National Central Capital Rg Columbia National Indiana Trust Company Indiana National Kenese Merchants’ National Marion En Oa Security Trust Company Lit Union Trust Company American Central Life Atlas Engine Indianapolis Ice Insurance Co Indiana Guaranty Srese T. B. Laycock T. Polk Co Union Surety Co Broad Ripple Lis Street Seri Tomanis Gas Company Telegram American Box Board Bay American Box Board National Biscuit Pr Paris Berlin A. Kletcher & CO East Washington Street Gree Neeman Ou. de Yonr John Tarrington Richard Oliver & Co Chicago Stock Exchange Timothy Prairie Liverpool Lee Gia Americas Titec Getic Toledo Gwye Ani Suger Northern Wisc Milwaukee Petroleum Wendy Bavannar D. Rae Wilmington Lara Charleston Turpentine Rosia Towls Springs Metals Idan Guy
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