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Newspaper
Fort Wayne Journal Gazette
Location
Fort Wayne, Indiana, United States of America
Date
Jun 28, 1905
Page
9
Trading data shows a volatile session with wheat and corn prices rising on weather and supply concerns. Cash demand supported futures, with futures buying pressure as traders covered shorts and limited near term supplies weighed on prices.
June 20 New York grain notes firm prices for wheat and flour with steady to firm receipts and slight declines in some futures. Weather warnings of poor cables and shifting predictions temper market mood as experts forecast showers and volatility ahead. December and September futures show cautious movement amidst demand and export signals.
A garbled OCR fragment records a June 2 entry with mentions of names like Bek and Wheat Wirthughery Ne and items such as Oak Pip. The text is partial and unreadable in key places, offering glimpses of a market or listings mix with distorted phrases.
Special to the Journal-Gazette notes a weaker wheat market after a cautious opening with limited trading. Prices eased as orders waned while traders watched speculative signals from distant cities. Strong early selling helped curb gains. overall trade showed no real improvement in the hour.
The report shows a slow cattle market with weak export interest while hogs rise slightly on light volume. Cattle supply was steady to moderate as buyers showed apathy, and dairy and beef cattle traded at modest to average figures. Hog demand was strong locally but packing outlets remained limited, keeping prices near yesterday’s levels amid quiet shipping.
In a volatile session prices for corn and oats rose as shorts covered amid strong demand and sparse new supply. Reports from Ohio weevils tempered optimism but cash demand stayed healthy while investors bought. clover seed weakened on realized orders and overall bids leaned to investment buying amid shifting futures.
New York June 27 reports the dry goods market holding firm with little material change. Buyers show willingness to pay current prices if deliveries can be secured. Local dealers observe ongoing clearance sales and confirm satisfactory progress in reductions.
NEW YORK June 27. The coffee market opened steady or a touch firmer in line with steady European cables and smaller than expected primary receipts. Business was quiet as traders shifted from near to later months, yet there was fair demand for duty at existing differences and the market closed with steady tones.
Special to the Journal Gazette reports at Union Stock Yards Pittsburg June 2 hog supply light market stronger heavy 3.45 to 4.50 medium 5.80 to 5.85 yorkers 5.80 to 5.85 pigs 4.50 to 5.80 spring hambs 1.44 to 1.75 with prices fluctuating amid light supply and steady demand.
Special to the Journal Gazette Union Stock Yards Cleveland June 2 hogs receipts eight cars market higher mixed and heavies pigs calves receipts twenty head market higher at 7 25 sheep and lambs receipts cars market steady cattle receipts forty one head market quiet
Cincinnati market report shows mixed livestock quotes with cattle steady to higher, hogs weak midweek, and lambs rising. Cattle sold from about 35 to 72 dollars per head for various classes, hogs at around 5 to 7 dollars, sheep firm to higher, lambs advancing.
Fragmentary OCR text references bags sales and figures in months July May December and May with percentages and dollar amounts. Names and full context are missing, making firm summary unreliable.
Poultry prices listed from Chicago and New York show steady to firm trends. Figures include jerky items like turkeys and spring chickens with depound and dressed weights noted for Western fowls and broilers.
Indianapolis June 27 The Indiana Weather Bureau weekly crop review reports wheat harvest advancing from south to north, with yields likely above average. Rye acreage is small but promising, oats and corn show good growth despite wet ground and some weeds. Alfalfa second cut complete in Dearborn County. Potatoes tomatoes cucumbers onions melons and tobacco healthy. twig blight touches fruit trees but overall fruit crops look fair including a strong raspberry harvest.
South Bend Ind June 27 The tenth annual convention of the Knights of Equity opened today with Andrew J Hogan of Chicago presiding One hundred and fifty delegates are present Formal welcoming addresses and responses followed by appointment of committees The next convention likely will be in Chicago
Evansville June 27 John Frey aged sixty was struck and killed by an Evansville and Terre Haute railroad train while walking on the track near Erskine station authorities said.
Profit-taking dominates trading as gold movements and French demand shape sentiment. Foreig n exchange rates ease slightly while London and Paris report firmer discount rates. Weather and crop outlook add mixed signals for railroad stocks as bonds stay steady. Total sales near 3.93 million dollars.
The money market in New York on June 27 shows call money steady at 3.25 to 4 percent with time loans firmer for 60 days at 3 percent and 9 days at 3.14 percent. Prime mercantile paper at 4.25 percent. Sterling exchange easy with bankers bills around 487.10 to 497.15 for demand and 485.20 to 488.25 for 60 day bills. Government and railroad bonds steady.
Tuesday market attendance was light with steady wheat and varied prices for produce. Quotes cover butter eggs chickens ducks geese turkeys potatoes cabbage beeswax wool hides and multiple merchant firms listing several flour, meal, and feed products with ton and cwt pricing.
In Ironton Ohio on June 27 Tunnel No 41 on the Detroit Southern line caved in four miles back. Thousands of tons of earth collapsed closing the tunnel just after a fast express with many passengers passed through. If the cave-in had occurred while the train was inside, all lives aboard could have been lost. Clearing the tunnel will take about four days.
Senator A J Beveridge will speak at Richmond Indiana on July 27 for the Reid Memorial hospital dedication ceremony. The event marks the hospital’s formal opening with Beveridge as keynote speaker.
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