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Newspaper
Indianapolis Sun
Location
Indianapolis, Indiana, United States of America
Date
Dec 14, 1910
Page
10
Receipts Wednesday show 9000 hogs 1750 cattle and 300 sheep with declines from a week and year ago. Hog prices fell from 7.60 to 7.70 top 7.70. Cattle trade weaker with steers 5.50-6.00 cows over 1 heifers around 5 declines. Sheep and lambs steady with lambs 6.10 down yearlings 5 and ewes around 3.75.
Market reports from Pittsburg and Union Stock Yards detail cattle hogs and sheep prices, with receipts and varying grades. Cattle steady to lower, hogs weak across regions, sheep and lamb markets mixed, plus cash grain prices in Chicago showing mixed grain values.
Cattle in Chicago stockyards are very cheap with about 75 percent of a 47 000 head supply sold to packers this week at 5 50 to 5 80 per cwt. The market is a stampede as feeders liquidate. many steers have been fed 60 to 100 days on corn after summer purchases at higher prices. A harvest for top dressers is seen after liquidation runs its course amid expectations of scarcity.
President Taft sent a list of Indiana post master nominations to the Senate on Wednesday. The nominees include David I Snowden of Andrews Roy W Turner Dana John Sharp Frankton William Burke Milford Arthur A Holmes Walter J Jordan and Van Burens among others.
Chicago futures extend gains as Liverpool oils lift European values and Buffalo central markets show strength. Wheat supply constraints, mixed cash demand, and heavier hogs push pork and lard futures higher, with primary receipts from the week totaling around 748,000 bushels.
A dense stock report lists grain prices and movement details including No 2 red at 93c and No 3 white at 45c, along with December to February wheat figures. Inspections show varied corn and white and yellow lots in cars and totals, plus hay timing and quantities across timothy clover and wheat straw.
Wheat No 2 red 91 cents sample milling 85 to 80 cents Corn Old 60 62 cents new 42 45c Shelled Oats 33 36c Hay Timothy 16 18 baled 15 11 18 mixed 18 15 baled 13 15 Clover hay 10 13 Straw Oats straw 3 7 Wheat straw 50A
Wheat opened quiet with a steady undertone as American support and Buenos Ayres demand sustain prices. Spot markets barely changed, with Rus sian advices favorable and ample stocks. Corn La Plats firm while American grade faced pressure from higher offers. Wheat closed about 14 4d higher, corn 14 4d higher to 14 4d lower.
Wheat prices show cash and future notes with December at 6 4 4 cents and May at 1.00 per bushel. Corn bids list cash and futures with December 48 to 49 percent and July 50. Oats steady with December 35 to 37 percent. Rye grades No 2 58 cents No 3 80 cents. Clover hay and Timothy forage values posted with December readings 9.27 9.25 9.27 9.40 for various grades. Timothy at 4.65 December.
Buffalo New York December 14 prices for spring wheat No 1 or Shem 1.12 winter wheat red 97e No 2 white 94e corn No 3 yellow ag No 4 yellow 49 oats No 2 white 36½c No 8 white 54c No 4 white 35c standard 36c barley 90 95e rye No 1 85¼e.
In New York trading the early hour saw gains in Southern Pacific Lehigh Valley Union and Northern Pacific with Steel and Amalgamated Copper rising. Reading and General Electric drew interest as London remained dull. By noon 172000 shares traded. a bear stampede failed and bids firmed. Southern Pacific and New York Central among leaders, market ended near day highs as directors announced a regular dividend.
A fragmented list of railroad bonds and stocks with percentages and prices. Items include Reading 4s, Reading 4s, Erie General, U Pac Con 4s, M K T 2s, Wab Ref 4s, and other rail company securities with varied yields and bid prices. The block appears as a financial column of bond and stock quotes without narrative context.
New York on December 14 reports money on call unchanged with rates for sixty and ninety days and six months. Sterling exchange stands around 4.824 4.804 with bank bills at approximately 4.85 to 4.85 for demand and 4.52 to 4.524 for sixty day bills. Prime mercantile paper remains unchanged.
New York reports on Wednesday metal exchange prices with copper dipping while other metals remain steady. Copper for January trades around 12.25 to 12.30 and February 12.20 to 12.40, with spelter at 6.76 to 6.86 and tin at 38.45 to 38.65.
Boston paper notes the opening of copper issues on Wednesday listing several stocks and figures including East Butte at 125 percent, Giroux at 6 percent, Utah Consolidated at 12 percent, Arizona Commercial, Nipissing, Kutjc, Smeliters at 35 cents, and other names.
Crude rubber trading in New York shows upriver grades at 43 dollars per ton bid, with fine grade paraboard upriver and coarse grade at 1.05 to 1.06 dollars. Market activity centers on price bids and grade distinctions in early trading.
London prices show bar silver at 240 16d with a 1 10d advance in December 1914. New York commercial bar quotes at 14 0s 9d and a dollar figure noted, reflecting exchange and market movement.
London settlement extends to Thursday as Western railroads resist engineer demands yet offer wage rises. Gold imports rise while London money market stays easy. Virginia Carolina chemical stock lists in Paris Bourse. Reading telegraphers settle threat of strike. Steel industry slows. grain moves to market. Sloss Sheffield reports worst year yet. US Steel capacity run at 51 60 percent. American Steel Foundries at 6 percent. dividends eyed. Bank and copper talks surface. Morgan firm reshuffles. copper output curtailment eyed at a New York dinner.
Logan-Bryan reports a radical speaker Tuesday night may spark future agitation yet the speech is unlikely to sway sentiment. Market outlook sounds dull with professional trades, slight rally attempts, and resistance at higher levels. Miller & Co. notes liquidity has cooled and expects a buoyant Southern Prefies, with Smelters possibly listed in London. undertone remains satisfactory despite a waiting market.
Secretary of War Dickson transmitted a report on House Resolution No. 7 noting the United States is nearly unprepared for war. The regular army is too small, the militia inadequate, and coastal forts unready to repel an enemy. Robson of Alabama introduced a coast defense council bill to unify policy between executive and legislative branches.
Lawrenceburg Indiana December 14 special report The Lawrenceburg fair association directors reelected the officers to serve throughout 1911 George Kunz president Vietor Oberting vice president H H O'Brien treasurer Erval G Bleiby secretary
Wheat and corn receipts and bids reported across Chicago and Northwest markets. Wheat totals show 21 cars heat, 551 corn, 242 oats with mixed contract volumes. year-ago figures cited. European and Asian market notes include Russian crop estimates and continental price shifts. bearish outlook dominates despite some potential rally pressure as shorts may cover.
A dense price list details bulk and per unit costs for apples bananas cranberries grapes and more. It lists varieties and origins such as Baldwin Grimes Golden Jonathan California Florida and Michigan with prices per bri box crate or pound, plus miscellaneous items like Christmas trees and wreaths with their unit costs.
George W W Glover son of Mrs Mary Baker G Eddy with his son daughter and Dr Ebene ger J Foster Eddy visited Washington from Boston. They met ex Senator William Chandler of New Hampshire counsel for the next friends in the 1907 suit against Mrs Eddy. No statement given. In Concord New Hampshire probate opens at 4 PM for Mrs Eddy will disposing of her 1.5 million dollar estate.
Markets report mixed commodity moves with flour inactive in New York trading, pork quiet, lard steady, and various sugars and coffees showing small shifts. Butter and eggs in Chicago move modestly, while dressed and live poultry prices edge. Cheese and tallow hold steady as markets across grains and meats reflect subdued activity.
Coal prices by grade and mine as listed include Pocahontas and Kanawha lump and nut varieties with prices ranging from 4.75 to 8.50 per ton in various formats. Additional charges cover bagging at 50 to 60 cents per ton and delivery options including cellar or chute service.
The American Woolen Company declares a regular 1 percent quarterly dividend on its preferred stock payable Jan 16 to holders of record Dec 21. Books close Dec 21 and reopen Jan 5. Virginia-Carolina Chemical declares 2 percent on preferred stock payable Jan 16 with books closing Dec 31 and reopening Jan 16. Sloss-Sheffield Steel and Iron declares 1 percent on preferred stock payable Jan 3 to holders of record Dec 21. United Fruit declares 2 percent quarterly dividend payable Jun 14 to holders of record Dec 24. Chicago and Alton Railroad declares 2 percent semiannual dividends on prior lien and preferred stocks. Washburn Wire declares 1 percent on preferred stock payable Jan 3 to holders of record Dec 18. National Deprive declares 1 14 percent on preferred stock payable Dec 31 to holders of record Dec 26. Pittsburg Plate Glass declares 1 1/2 percent on common stock payable Jan 1 to holders of record Dec 15. Transit managers from major banks meet in Chicago to adopt a plan assigning state numbers to checks and drafts for transit departments with a state clearing center and city numbers. details to be finalized by a committee including Chicago bankers. Outlook for steel industry notes slight improvement but expects next year to see readjustment in prices and wages. earnings down in recent months. LOCAL SECURITIES.
Gifford Pinchot commented on the Ballinger investigation verdict declaring the majority report exonerates Ballinger and justifies the Pinchot conservation policy. He urged congressmen to vote their opinions, noting the people want records of their stances and praising coal land policy supported by those defending conservative aims.
William Fowler, a special agent for the Chesapeake and Ohio railroad, was fatally crushed when he was dragged under a moving train in the yards at Peru Indiana on Tuesday. The incident occurred during work in the rail yard. Fowler, a longtime railroad employee, died at the scene.
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