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Newspaper
Fort Wayne Journal Gazette
Location
Fort Wayne, Indiana, United States of America
Date
Jan 06, 1908
Page
4
Market summaries describe wheat and corn futures with firm starts and later declines as weather across the corn belt influences prices. Reports cite receipts, clearances, and strong grain factors supporting swings in prices for wheat, corn, oats, and hogs, with regional notes from Minneapolis, Chicago, and markets reacting to demand and cash values.
Quotations from a local market show wheat around $1.00 per bushel, assorted grains and flour prices, and a wide range of produce including onions, apples, eggs, butter, chickens, ducks, and Honey. Additional figures cover mill products, animal hides, and various farm commodities with multiple firms cited in West Superior Street and surrounding markets.
Nervous early action in wheat with small gains, later easing to near yesterday's close. Liverpool quotes steady, Australian shipments light. Corn, oats, and timothy trade mixed as traders weigh weather and bill support. Clover seed prices show modest shifts with few decisive moves.
The document reports that shipments for the year exceed 200000 pounds with stock movements to Boston on January 1 and compares January totals. It notes the United States wool supply measured at 875000 pounds versus a prior period of about 3000000 pounds, indicating changes in wool availability and movement.
Rice and commodity traders report volatile coffee prices as futures slip and producer costs rise. Market observers note wide regional differences and increased hedging activity amid shifting demand signals.
Market report shows wheat priced at one dollar in local markets amid a weak streak but held steady. Corn remains flat as winter weather slows gains, oats and rye also steady with mixed receipts. Labor and supply details indicate port Wayne markets and local mill behavior.
Market notes show quiet demand for fresh eggs with fluctuating prices and stable commission quotes. Poultry prices spiked on Saturday but commission rates held, new stock limited. Butter receipts weak yet quality clear with stock ample and demand slight. Fresh butter prices around 26 cents a dozen for eggs, 28 cents for storage eggs. poultry dressed 15 cents per pound. butter prices range from 30 to 99 cents per pound for various products.
The report notes steady prices for apples and potatoes with ample supply, cabbage scarce, and vegetables costly due to southern varieties. Fresh fruit demand remains strong with prices up for dried fruits. chestnuts appear but hickory nuts are scarce. Greenhouse lettuce and oranges move to market at lower and higher prices respectively, while demons remain expensive.
Samuel Shockey, known phrenologist, faced detention after a Friday night caper. He was located near the Pennsylvania depot by Lieutenant Neufer Juitering early Saturday and sent to headquarters for questioning. Investigators will review his explanations.
The 1907 oil year brought broad prosperity across major fields in Indiana and nearby regions. New wells surged in Illinois Ohio Oklahoma and Indiana while production rose to about 600 barrels. substantial activity continued in West Virginia Virginia and Pennsylvania with many fields only partially developed and expected outside work.
The report indicates hogs seen bottom prices with futures for March and beyond uncertain. Packers remain hungry and expect price rebounds after early March, while farmers feed costs squeeze margins. cattle and sheep trends show firmer prices amid variable receipts. Weather and transport blocks influence near-term hogs and cattle movement nationwide.
Market observers note a measured improvement in prices yet warn the overall financial picture remains uncertain. Merchants report mixed signals as poultry and farm goods show some strength while cattle and wholesale items lag, with many fearing continued tight credit and cautious consumer demand. The outlook hinges on stabilizing demand and better pricing signals for key commodities in the near term.
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