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Newspaper
Fort Wayne Journal Gazette
Location
Fort Wayne, Indiana, United States of America
Date
Sep 26, 1908
Page
3
Chicago wheat prices rose sharply with December futures around 1.02 a bushel then retreating as selling pressure emerged. Market showed erratic but bullish undertone with professional liquidity limiting price gains while exports, receipts, and shipments influenced weekly totals and futures curves.
A historical bank ledger and market report excerpt from Indianapolis and New York includes the German American National Bank at Fort Wayne, Indiana, with assets such as loans and discounts, mortgages, and reserves. It shows bond securities, notes of other banks, reserve balances, and various commodity prices and futures data, including flour, wheat, corn, oats, and butter. The section notes blue-sky figures, cashier attestations, and directed committee sign-offs.
The Toledo market report shows wheat rising early amid suspected manipulation in Chicago, with cash and near months near $1.02 while May and December move to $1.03 and $1.05. Clover seed remains firm with oats and other grains showing mixed shifts as weather and stock depletion buoy maize while clover drops on broad selling.
New York on September 25 reports that professional market operators believe a Standard Oil affiliated group dominates trading. Observers track Union Pacific moves and note implications for other securities amid calls for reorganization without bankruptcy. Bank cash estimates and export demand for wheat and flour shape weekly financial mood, with London copper warrants and Westinghouse electric reports adding to the sense of market influence.
Wholesale and retail prices for Fort Wayne markets include Elgin creamery tubs at 2% and 3 pounds, Elgin prints per pound, dairy butter at 16 to 22 cents, process butter 22 cents, country eggs per dozen, fancy comb honey, home grown potatoes, and various poultry prices. Milling figures from Mills Mayflower and Barr Street quoters show oats, corn meal, wheat, flour, and other commodities with regional price ranges. Commission firms Howenstein Crouse and Eckart Packing Co list livestock prices, Chickens, ducks, turkeys, geese, and butter per pound along with market quotes for wool, hides, and iron goods from West Superior Street suppliers.
Report from Chicago on Sunday receipts shows hogs active with prime hogs at 7.45 and shipping hogs around 7.25 to 7.45. Armour & Co and Swift & Co. bought thousands. 4,000 hogs remained unsold. Cattle and sheep prices mixed as supplies remain meager. cattle to 8.70 for fat beeves, steers 6.20 and up, cows 2.50 to 4.75, calves scarce with prices 3.25 to 8.40 per head. sheep week total about 122,600 head with lambs around 5.40 to 5.40 for late sales.
Fragmented ledger style report showing sheep at 2.25 to 3.90, yearlings at 3.85, cattle and pigs values in East Buffalo Cleveland Pittsburg and Ogden with market steady to slow, lambs and calves priced, varied car counts and regional receipts. Names of cities include East Buffalo Oh Cleveland Pittsburg Ogden.
Market activity was brisk yesterday with strong receipts and heavy tone throughout the day. Potatoes moved by wagonload causing a price drop from six to seven to six. Creamery butter quotes eased to 25 44 to 26 per unit and apples priced at per peck. Farmers largely finished fall plowing as the week offered the first chance to bring products to market.
Local market men express the view that markets will stay livelier than in the past month, signaling a positive trend and sustained activity.
A scanned price list shows items such as green beans at 12c per quarter peck, new potatoes at 20c per peck, cucumbers home grown 67c per dozen, green peppers three for 5c, and apples 20c per peck. Also listed are cantaloupes 5c each, peaches 1.40 to 1.65 per bushel, creamery butter 20c per pound, spring chickens 45c each, and strictly fresh eggs at 59c a dozen.
Receipts at the city scales showed twenty four loads of hay five loads of oats and five loads of corn. Hay sold from 1 to 10 dollars per ton oats brought 49 1/2 and 51 cents per bushel old corn 85 cents per bushel and new corn 60 and 65 cents per bushel.
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