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Newspaper
Fort Wayne Journal Gazette
Location
Fort Wayne, Indiana, United States of America
Date
Jun 29, 1906
Page
4
Chicago June 25 reports show excellent harvest weather in the southwest easing wheat prices while bets on a record US winter wheat crop weighed on the market. Oats and corn moved little, receipts steady, and the day closed with a mixed but fairly steady tone despite weakness in wheat.
Special to the Journal-Gazette reports wheat prices in Toledo showing steadiness as favorable weather supports the crop, though some mills push for price relief. Warm conditions threaten potential damage from heavy rains, while Northwestern millers’ support helps sustain values. Market activity sees July, September, and December futures with modest gains and cautious buying.
Special to the Journal-Gusette reports hog prices rising despite overall grain store pressure as buyers grow more firm and prime hogs reach about 9.75 with several lots bought by Armour & Co and Swift & Co. Slaughter cattle trend lower while warm weather curtails beef demand and sheep and lamb markets show weak to steady movement with exports and feeding demand uneven.
New York reports a quiet market with modest activity in dry goods. Buyers show restraint as bleached linens and woven wares move slowly, while some items appear sold out or in limited supply.
A special committee appointed by Mayor Tiarrow investigated charges against La Porte school trustees. It found vouchers receipts and ledgers correct but noted tuition fund grew to 26000, not warranted by law, and questioned annual reports and loan payments.
A county committee reports misused school funds involving purchases without bids, through orders by the superintendent of schools, and purchases at two board member stores. It notes bank accounts earned no interest, and that no competitive bids existed for four schools supplies. Dissatisfaction grows over school management and discipline amid ongoing criticism.
Huntington Ind June 28 In the Daliak township trusteeship case on trial in the Huntington circuit court for eleven days the jury returned a verdict favorable to the township and against ex-Trustee F I Polte for 1200 dollars. The case is part of actions by Graves Auditing Co of Warsaw. The verdict notes misappropriation of funds with eight thousand dollars cited in various school and township accounts. Expert witness O Wilvan Smith testified while several vouchers and signatures were questioned in the proceedings.
New York June 26 prices of stocks moved in a feverish oscillation due to heavy short selling and subsequent liquidation. Bearish pressure eased as buyers returned, yielding volatile price swings. late-day losses abated with modest gains in speculative favorites and a generally unsettled, irregular close.
The city’s financial desks showed varied activity with rate quotes and bid offers. Traders noted yields around eight percent on certain papers while some issues traded at different levels amid active exchange of government and corporate notes.
Prices for wheat corn oats barley and hogs wheat and flour quotes show winter and spring formats with assorted prices per bushel and per cwt. Also listed are live stock quotes for sheep calves and beef cattle with per foot or per head figures from local buyers and the city neighbor market readings.
Market gossip reports a quiet Wednesday and an even calmer Thursday in city markets with prices holding firm on wholesale bids. Farmers plan ahead for wheat, hay, and oats while Allen county figures foretell higher hay demand in winter. Manager Ryan noted light selling counts with eighteen loads of hay and oats sold at May, yet no significant new purchases.
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