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Newspaper
Fort Wayne Journal Gazette
Location
Fort Wayne, Indiana, United States of America
Date
Jan 22, 1908
Page
5
Commission men report a strong demand for potatoes with supply tight. Prices hold firm as the scarcity is blamed on recent conditions, keeping costs high for retailers and consumers. The wholesale market yesterday ranged from 5b to 65 cons per bushel amid limited stock.
A chaotic market report notes values rising as demand for wheat strengthens across cash and futures. Prices for May contracts gain amid expectations of smaller next week receipts, with rounds of mixed activity in corn and oats and softer hogs limiting gains. Local receipts, weather signals, and broader international cues shape a firm close.
The market shows uneven change with speculation around artificial boosts and real interest steady at about 5 portion. Trading notes cite March at 00, April 2008 at 26.10, May at 26.10, December at 00 with 19,730 bags noted. Citations include Cordova and Steve with reference to No. 7 and No. 4 gauges.
The Journal-Gazette reports mixed hog and cattle trade with hogs selling strongly on Tuesday led by Armour & Co and Swift & Co purchases of around 8,000 hogs. Packers bearish on future provisions, claims of storage for 20 million pounds of short ribs, and plans to buy back later at lower prices. Cattle receipts down versus two weeks ago but up year over year, with best cattle at high prices and varied lots moving slowly.
Reading on wool prices steady demand but lifeless trading. large Chia fleece sales reported. General Electric shows yearly earnings near 251 million with quarterly shifts. pay roll and profits decline from prior year amid market softness. Wheat pest in Missouri and Texas prompts state funding discussion. hog market sees varied demand and prices, with mixed lots and regional activity noted.
In New York a leading dry goods merchant reportedly moved toward a price change for bleached cotton goods. Market reports indicate a Chicago house and others priced at a new level, with Cé—price figures varying by grade and packaging.
Market reports show erratic wheat activity at opening with prices mixed through the day. May and July futures drifted, cash wheat weakens amid strong receipts, while clover seed weakens and various futures retreat. Local and Liverpool activity indicates uncertain movement as traders weigh weather and supply.
A vintage classified ad from Patterson-Fletcher Co. promotes half price on children's fancy overcoats and other outerwear. The legible items include overcoats and assorted garments with discounted prices, reflecting a mid century department store or dry goods promotion.
Warm weather causes a sharp drop in egg prices at the market with eggs selling as low as eighteen cents a dozen. A farmer initially rejects the offered price but later accepts the lower rate after a day, indicating a general market slump and abundant supply.
Gregg Davis left the city yesterday for the Panhandle in Texas with a party bound for the largest excursion yet out of the territory. The trip on February 4 promises major opportunities for Hermeseskars and organizers. many ladies are expected to join, and Davis has provided a Pullman car and transport.
Wall Street rallied briefly as saving buying around the close steadied some stocks but heavy liquidation dominated the day. Traders watched JP Morgan reportedly plan European trip, government actions against Harriman interests, and antitrust moves while rate declines and continued short covering influenced prices.
Pittsburg Pa announces that trading will resume at the Pittsburg stock exchange next Monday after a closure at the beginning of the recent financial downturn. Officials say the market will reopen with renewed operations and standard hours.
Quotations cover wheat corn rye oats barley and rice flour plus live hogs and dairy goods with listed prices per bushel or ton. Prices reflect diverse grains and foodstuffs including winter and spring wheat, oats, rye, barley, corn, flour types and livestock, compiled by Lonergan Co. and West Superior sources.
Fragmentary market notes list prices on copper hides butter and meats, with items like old rubber boots, geese chickens and turkeys, and packing butter. The report includes several names such as PATTERSON-FLETCHER Co and Eckart Pooling company, noting January bargains and copper quotations alongside commodity ranges and ton pricing.
Fragmentary ad notes discounted raincoats with prices from $25 to $15. Mentions 60 black plain coats and February timing. References Patterson-Fletcher Co and a $324.09 total with $20.00 item.
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