Wheat futures slip on Kansas City bank failure
Chicago grain opened weaker on news of a bank failure and broader market weakness. May wheat opened at 1.00 a bushel, corn 55 1 2 cents, oats 52 1 2 cents, with May pork 13.15, lard 7.95 and ribs 7.02.
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Newspaper
Indianapolis Sun
Location
Indianapolis, Indiana, United States of America
Date
Dec 05, 1907
Page
4
Chicago grain opened weaker on news of a bank failure and broader market weakness. May wheat opened at 1.00 a bushel, corn 55 1 2 cents, oats 52 1 2 cents, with May pork 13.15, lard 7.95 and ribs 7.02.
Indianapolis market reports heavy hog movement with prices ruling steady to strong and top early sales at 25 cents. Receipts were 11,000 hogs, 1,000 cattle, 150 sheep, with cattle and sheep light and values unchanged from yesterday. Records show varied prices across hogs, steers, heifers, cows, bulls, calves, and lambs, reflecting a robust but mixed demand and multiple weight categories.
Hog receipts total 30,000 with light hogs earning 4.60 to 5.10, mixed 4.65 to 5.15, heavy 4.00 to 5.15, pigs 4.80, yorkers 4.95 to 5.06. Cattle receipts 7,000 with beeves 3.20 to 6.35, cows and heifers 1.15 to 4.60, Texas steers 3.00 to 3.80, calves 5.00 to 7.00, stockers 2.20 to 4.20. Sheep receipts 12,906, market weak. natives 2.00 to 4.90, westerns 2.00 to 4.80, yearlings 4.50 to 5.30, lambs 3.75 to 6.20.
The listing shows Corn at 47 50 cents, old stock 65 70 cents. Rye and oats priced at $12.00 to $13.00 per unit, Shelled Oats 51 to 53 cents. Straw at 6.00 to 8.00 per bale. Hay options include Clover 13.00 to 14.00, Mixed 14.00 to 15.50, Timothy 15.00 to 15.50.
Pittsburg reports mixed livestock market activity on December 5 with night cattle receipts quiet and steady prices for various grades. Hog receipts liberal with prices down about 15 cents. prime heavy and medium hogs quoted near 5.35. Sheep receipts light and steady with prime wethers around 4.80 to 5.00 and calves trading between 4.00 and 9.00.
New York metal exchange trading shows a stagnant session with copper and tin unchanged while lead slips five points and spelter falls ten points. Market notes indicate overall prices ease modestly despite trading inactivity.
Mexico City report says delegates to the third international sanitary congress nearly unanimously support renaming malaria as mosquito fever. They argue mosquitoes cause malaria and urge standardizing the term worldwide.
Chester Pa Dec 5 The battleship Georgia after refitting at the navy yard ran aground in mud near the yard. There were no injuries reported and the vessel was secured awaiting official assessment of damage and next steps.
The failure of the National Bank of Commerce in Kansas City sparks Wall Street activity with early declines and profit taking. London steadies, miners in Nevada pressured by strikes, and Morgan interests suspected to be backing a late-day market recovery.
Ex-Gov William Taylor of Kentucky, once a Goebel-era figure, appeared in Indianapolis superior court as counsel for Samuel Hastings in a $1,000 commission dispute with Nancy Miles over flat plans. Mike Ryan, for Mrs Miles, sparred with Taylor, but the Kentuckian kept good humor as testimony revealed Hastings’ claim and Miles’ defense about payment and plan adherence.
Wheat steady with No 2 red through No 1 rejected bids across Dec Jan Feb futures. Corn firm with No 4 white at 52 to 55 cents through billing. Oats firmer No 2 white 5 to 6 cents through billing. Hay steady with Timothy and mixed lots priced from 13 to 14 50 per ton. Inspections show mixed cars arriving and leaving at various grades and counts.
Toledo grain markets report closing prices for Wheat, Corn and Oats with cash and futures for December May and July. Prices include Wheat at 97.5 cents cash, 1.08 3 4 dollars May, 98 3 4 cents July. Corn 58 cents December and 58 1 4 cents May and July. Oats 3 cents December, 54 3 4 cents May, 49 4 cents July. Clover 9.80 December, 9.97 March. Prime assure 9.50. Prime timely 2.20. Rye No 1 8 1/2 cents, No 2 9 1/2 cents.
Cal Favorite was arrested near Huntington for hunting without a license. He was fined and costs totaling 41.25 dollars.
Western Construction Company with 10,000 square yards of asphalt patching holds back city work citing lower rates. Henry W. Marshall denies profit claim as city engineers push to resume required patching while boiler problems may halt season. Residents on Talbott avenue protest lack of repairs and officials warn that private work is taking priority over city obligations.
Mrs. Rose Ryland, a wealthy New Yorker of 122 West Eighty Fourth Street, was knocked to the pavement by two Black highwaymen on Broadway near 112th Street. They ripped diamond pendants from her ears and stole her purse containing 1038. Her daughter, Mrs. Van Brink, later had a burglary at 540 112th Street where 6000 dollars of silver, cut glass, and jewelry were taken.
Smoke was the topic in police court as Judge Whallon heard W M Fowler of the Denison hotel detail efforts to meet the city ordinance. Fowler said his firm spent 7000 in the past year to reduce smoke. Inspector Walmsley called the Denison hotel the worst offender in Indianapolis. Clouds of black smoke were visible from nearby factory chimneys. The judge compared hotel smoke to the factory and the inspector agreed it was worse. Ernest Burford appeared for his father, William Burford, who was absent. Cases were postponed to December 20.
Albert Carter, a Black man, sues the Indiana Hotel Company and Claypool proprietors for 100 damages alleging unlawful eviction from the passenger elevator while a Prohibition meeting occurred on the top floor. He states he was sober and orderly and a Union soldier. suit filed by Prohibition leader Benjamin F. Watson in Martone County.
Washington dispatch reports Kansas City chosen for the Republican national convention to name Roosevelt's successor. The first week of June is seen as the convention window with June 2 as a likely opening. Acting Chairman Harry S. New of Ladislaial will be elected chairman, replacing George B. Cortelyou, with New seeking a permanent chair.
Thirteen persons were slightly injured when the Atlantic Express left its track near Pittsburgh after a broken switch. Two cars on a neighboring track derailed and sideswiped the express. Injured include Mrs. R. F. Stevens and Miss Mary Stevens from South Orange New Jersey, Miss Margaret Feeney of Morristown New Jersey, and several others from New York Philadelphia and Manila. No fatalities occurred. Medical aid at Union Station and new Pullman cars joined the eastbound train after about an hour.
The Rhondda Valley Concert company from Wales performed to a half filled Caleb Mills hall on Wednesday night. Miss May Moses sang solos in place of the ill Mme Livingstone. The 26 member company featured William Margan, harpist, and Prof. Setter, pianist, with Robert Hughes and Liew Jones among other soloists. They plan to return to Wales in January after touring America since October.
EAST BUFFALO New York December 5 cattle receipts up to five hundred and zero market activity. Cattle and sheep volumes show declines with lambs at six dollars to six fifty while yearlings move around five dollars. Hogs noted at five to six dollars with Yorkers near five fifty to six dollars. Overall, markets display mixed movements and lower quotes for some categories.
Mrs Bertha Richcreek wife of Seth M Richcreek Indianapolis banker missing since he left the city is ordered to testify under oath about undiscovered assets. A court restrains her from removing items from a safety deposit box at Fletcher National Bank and keeps bank deposits sealed. Central Trust company receiver says she may hold valuables from Richcreek. Augustus Jennings notes no word from Richcreek and bank records five weeks behind.
The State Board of Sealth received a petition from Martinsville Traction patrons demanding action over filthy cars. Complainants say cars are rarely swept or scrubbed, seats undusted, window sills unwashed, and cars never aired.
The document records several incorporations including S. P. Coppock & Sons Lumber Company of Fort Wayne with capital stock 45000 and incorporators S. P. Coppock T. E. Coppock W. H. Coppock C. N. Coppock. Covington Fair Association of Covington with capital stock 5000 and directors George Robb T. H. McGeorge Jr G. W. Williams W. H. Thompson C. Kaufman T. H. Bodine N. G. Harlow D. L. Steele J. R. DeHaven. Jet Black Polish Company of Fort Frank fort with capital stock 3000 and directors J. W. Broan W. C. Shanklin E. W. Wells G. N. Cum W. C. McDowell. John Varnes Boiler Works of Bragril with capital stock 10000 and directors John Varnes Frank Varnes Harry Varnes.
Garnet Lancaster Misch nick and her mother Violet Lancaster were sentenced to six and ten months respectively in the Indiana Woman's prison by Judge K. M. Landis for operating a fraudulent matrimonial bureau in Evansville. George Mischnick, Nebraska farmer and husband, attended the trial, expressing disbelief at the verdict while recounting his efforts to win his wife back with money. He testified the pair enticed victims and that she called his country house dirty, while she admitted no affection for him.
Former County Clerk William E. Davis challenged the county commission for return of 10 237 in fees turned into the treasury. Davis had surrendered the fees amid a legal dispute over ownership and brought suit. The fees arose from transcripts certified copies insanity and criminal cases. Judge Vinson Carter ordered the argument in superior court and a decision was awaited in days ahead.
Criminal Judge James A. Pritchard was rendered speechless by a severe cold and could not hold court. He appointed Charles Wiltsie as special judge to hear cases on Friday.
Isadore Cortz Paul Boraiton Joseph Kratz and Joseph Horatz were each sentenced by Judge Landis to one year in Fort Leavenworth for robbing a mail sack near Mitchell Indiana. Arch Yazel received 15 months for liquor law violation and Reuben Shinn of Brazil got six months.
A daily city record lists births with multiple couples and addresses, noting the newborns and parental names such as Thomas A Gill and Mary E Gill with a boy John T, and others including Baugh, Batsch, Scanlan, Flack, Morris, Cronin, Costello, Breen, Lutz, Lordier, Mackey, and more. Deaths are recorded with ages and causes such as carcinoma of liver, pneumonia, tuberculosis, and other ailments. names include Martha Cooper, Clare Fahle, Ostermeyer, Reasner, Baugh, Sexton, and many others. Marriages, building permits, and real estate notes follow, listing couples, partners, and project costs like 800 building dollars and 12,008 for a Meridian project.
The governors of states and territories respond eagerly to the presidents call for a White House conference May 13 to 15 on conserving natural resources. They pledge attendance and offer three citizen delegates per state, with leaders like Hanly Minnesota Folk Missouri Deneen Illinois confirming participation and support.
Dispatches from Hartford confirm that William F. Walker, the absconding treasurer of the New Britain Savings Bank, has been arrested in lower California and is being taken by sea to San Diego, the nearest U S territory port.
A New York family reports their six month old baby was cured of eczema after using Cuticura Soap and Cuticura Ointment. They spent $1.25 for one cake and two boxes, noting the remedies were cheap and effective.
An old advertisement promotes Cuticura for sore hands with soaking, drying, and ointment steps. It lists external and internal treatments, including cleanser and ointment, with suggested fabrics and night applications. The text mentions pricing and usage notes for adults and children.
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