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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Sep 30, 1902
Page
10
The Indiana Trust Company may immediately undertake duties as Administrator Receiver Trustee or Agent without bond under the law with capital of 10600 and stockholder liability of 1,000,000. Its responsibility is not contingent on approvals. the company’s full resources secure faithful performance of trusts placed in its custody.
The notice records stock actions for Union Traction and American National Bank at 136. Certificates issued to various individuals including John G. Johnson, Lebanon, and others. Names appear with locations and small monetary figures, though the fragmentary OCR yields unclear spellings and several garbled entries.
New York September 2 reports show call money rising to 3 percent with stock losses 2 to 10 percent. Louisville & Nashville led declines amid market panic and dwindling liquidity as banks shunned speculative loans. Cities, presidents, and major rails cited. broad selloff and heavy interior demand for funds dominated trading.
Indianapolis reports commercial paper and time loan rates with clearings and balances. New York shows money on call, mercantile paper, sterling exchange, and bank clearings. Chicago, Boston, Philadelphia, St. Louis, Baltimore, and Cincinnati list exchange rates and clearing figures. World silver and international rates follow, with treasury balance totals for Washington indicating available cash and reserve figures.
Chicago board weakness dominates as December wheat and corn end lower with oats and January provisions down. Heavy receipts and a bloated visible supply weigh on prices while ocean shipments and world stockpiles rise. Nearby markets show dull trading with mixed futures and steady to lower cash quotes for wheat and corn, and modest declines in pork and lard futures.
Trade in general reports from St. Louis Baltimore and Cincinnati with prices for flour oats corn meal and pork. Market notes show steady to lower values for flour and pork while grains and dry goods fluctuate with shipments listed for flour wheat and corn. Sector quotes include specific figures such as flour at 3.00 and oats at 30 cents per 2, pork prices around 16.95, and various futures and seed values.
The live stock markets report fat cattle steady with inferior grades unchanged. Hogs show fair demand and five cents lower. sheep steady. Union Stockyards Indianapolis on Sept 29 notes cattle receipts at 260, with smaller shipments than a week ago and a year prior.
Interstate Stockyards Indianapolis Sept 29 cattle receipts light shipments none demand firm for killing quality but trashy stock unwanted fat cattle at a premium none offered this month calves lower best 6.59. hogs steady near Saturday quotations 7.65 top heavy 7.65 light 7.45. sheep and lambs weak with fair demand for good stock, thin varieties lacking. Kansas City and Chicago markets show mixed receipts and cautious tone with steady to lower tendencies. Buffalo and St Louis report soft tones on cattle and hogs with varied prices.
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