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Newspaper
Logansport Daily Tribune
Location
Logansport, Indiana, United States of America
Date
Aug 30, 1908
Page
6
Receipts of hogs at principal western markets stood at 6,000 yesterday, up from 5,400 a year ago. The year’s total reached about 29,200 hogs as markets tracked activity.
Receipts totaled 5 900 hogs 1200 cattle and 250 sheep versus 4 532 hogs 1192 cattle and 378 sheep a week ago. Hog prices steady to strong early then eased with close quiet down about five cents. Cattle runs larger with quiet demand and steady to barely steady prices. sheep and lambs sold around steady.
Receipts of hogs were larger than usual with early week price declines driven by local packers. Grass fed hogs ranged $4.25 to $6.80, later recovering about 10 cents. Cattle and calves arrivals rose, calves on a record daily high, while demand remained limited for common to medium killing steers though good to choice steers gained 25 cents. Sheep receipts were up 2,000 year over year with slow trade and prices largely unchanged though lambs reached $5.75.
A light 5000 hogs appeared in Chicago trade as buyers cleared offerings quickly. Straight packing hogs sold 6.45 to 6.70, shipper tops at 7.05, with overall gains 5 to 10 cents from last session. Cattle and lamb trade showed strength for natives and good range cattle, with lambs pricing firm near 6.25 and muttons scarce.
Wheat prices on the Chicago exchange declined nearly one cent amid liberal sales by large holders. The day saw a weak close with December futures around 94 to 95 cents, aided by early losses and later heavy selling. Corn and oats weakened, provisions remained steady as receipts rose and clearances reached 713,000 bushels.
The Tribune presents daily market prices with bids for street market timothy hay and regional grain, hogs, steers, heifers, cows, calves, and sheep. Corrections from Loganport Union Stockyards and Galveston and Royal Centre outlets list precise per hundred weights, feeds, butter, eggs, lard and poultry prices.
Market report lists steer prices from six to seven dollars for prime and fair quality, with inferior cattle at five to six dollars. Range steers fetch four to five fifty, yearlings four fifty to seven fifty, cows three fifty to five, heifers four twenty five to six twenty five, and stackers two fifty to four twenty five. Bulls showed good to choice values around eight fifty to four fifty.
New York stock market opened with divergent views as urgent covering drives returned and lifting key issues. Southern Pacific common reached a new high while Union Pacific traded above its prior peak amid broader gains despite mixed gains from Harriman-related stocks.
The market closed active and strong, nearly the day’s best quotations, with short interest fading and traders largely bullish. Reading company earnings fell 432000, Reading coal down 87600, Canadian Pacific July net loss 232000, and railroads averaged a 9.39 percent net loss for June per the Financial Chronicle.
Secretary Coburn of the Kansas Board of Agriculture reports a total of 73,606,000 bushels of winter wheat for 1907, a slight rise over last year but below the 1906 peak. The corn condition stands at 68.7 percent, with large acreage suggesting similar overall production to 1906.
The Cass County Detective Association will hold its annual meeting Saturday at Trades' Assembly Hall. Officers will be elected and reports from the past year will be presented, including the number of members in the association.
Rev W F Andrews of Centenary Methodist Episcopal church says church parlors open Friday evening for fall season to host young men and their sweethearts with music recitations refreshments and chaperons provided. Mothers can entrust daughters and girls arriving unescorted will be looked after. Funds come from the general church treasury.
In Rodar a ring full of drunken amateur bull fighters faced a killer bull. The unmanned group allowed a fatal event as the bull slew two men and mortally wounded three others while injuring a dozen. Authorities were suspended after a banquet where drinking disabled all entrants. a soldier ultimately shot the bull.
The Royal Arch society representing 180 of 240 Atlantic City liquor dealers met and decided to close tomorrow. They will urge Mayor Stoy to have the remaining 110 saloonkeepers shut up as well. The move follows Gov Forts threat to send troops if excise law enforcement fails.
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