Market Totals From Yesterday Plunge and Rise
Yesterday stern markets showed mixed totals with values 2,500 3,000 1,100 1,800 900 10,250 1,000 and 9,000. Traders watched volatility as numbers fluctuated across sectors and regions.
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Newspaper
Logansport Daily Tribune
Location
Logansport, Indiana, United States of America
Date
Oct 10, 1908
Page
6
Yesterday stern markets showed mixed totals with values 2,500 3,000 1,100 1,800 900 10,250 1,000 and 9,000. Traders watched volatility as numbers fluctuated across sectors and regions.
A neglected orchard on the farm is an unsightly improvement. Many farmers ignore their orchard, focusing on a few barrels of fruit and cider from wind fall apples. Pioneers planted on poor land, letting Nature do her work. If the farmer weighs the land, he knows a full corn crop on poor soil requires fertilization and care.
A war scare spurred a strong start for wheat with prices rising to around $1.01 per bushel before bearish selling trimmed gains. Corn oats and provisions weakened as traders weighed European tensions and domestic demand, with wheat closing firm near the day’s end and receipts noted for tomorrow.
Chicago traders reported hogs opening firm as receipts ran higher than the prior week. Packers restricted prices, lifting early bids but finishing weak as the advance faded. Cattle and sheep markets showed thin demand with few good cattle and lamb prices easing from recent highs.
Eight years ago a professional man bought a worn-out southern Michigan farm with a neglected ten acre apple orchard. With deep fertilization pruning spraying and cultivation the trees revived. The orchard yielded profits high enough to net over 100 dollars per acre in seasons.
The page lists meat animal bids with varied grades and weights. Includes steers, cows, calves, hogs, bulls, lambs, yearlings, and sheep with price ranges, weights, and quality descriptors across several categories and regions.
Wheat prices listed for No 2 spring at 1.05 to 1.07, No 3 at 0.97 to 1.06, and No 2 red at about 1.00. Corn No 2 at 0.79, No 2 yellow around 0.80 to 0.14. Oats No 3 white 0.47 to 0.51, Butter creamery 0.27, dairies 0.18 to 0.24, Eggs firsts 0.22 to 0.23.
A new farm owner plans to establish a full orchard on the property. Proper management could make the orchard as profitable as other crops. Growth in fruit consumption and a ready permanent market support this expansion.
Receipts show 7000 hogs 2200 cattle and 1000 sheep versus last week. Hog market was mixed with quiet trading and a 5.00 to 6.85 range, mostly 5.50 to 6.40. Cattle demand steady with active trading, cows and heifers stronger than steers, calves 50 to 75 cents lower. Sheep and lambs steady to 25 cents lower, few lambs at 6.00 and top earlier sales at 5.75, yearlings at 4.50 and sheep at 4.00.
Buffalo reports light cattle receipts and a slow market. Hog arrivals total eighty with double decks lower. heavies fetch 6.25, workers 3. T5 6.90, pigs 5.15. Sheep and lambs reach seventy cars with a lower market. top lambs sell for 6.00.
Oakland City Ind Oct 9 exhibition features a sweet potato weighing four and one half pounds, likely the largest ever grown in Gibson County. The potato was grown by Ed Redman.
New York Oct 9 R G Company's weekly review of trade says substantial progress toward industrial recovery was made in the past week with many wage earners resuming work in mills and factories. Resumption not uniform as some undertakings are deferred until after the election and low water caused short time at many plants. Retail trade declined in hot weather and a holiday but fall apparel distribution was satisfactory and payments improved.
A calf born at Lee Dehaven farm on Morgan Hill Thursday weighed 113 pounds, possibly the largest in Cass County. Born a cross Hereford Holstein, the calf drew attention for its extraordinary size. John Gerard of Clay Township purchased the animal.
A physician warns that true sweetbreads come from the pancreas aiding digestion, while traders often pass off salivary glands or thyroid tissue from cattle as sweetbreads. He cautions that these inferior substitutes lack the beneficial qualities and may mislead buyers.
London and New York exchange and securities markets reacted to intensifying Balkan tensions with panicky London selling and mixed effects in New York. Consols and government securities fell in London while U S stocks eased after continental orders. wheat and dairy quotes also shifted as price corrections followed the day’s volatility.
Loganport markets list best timothy hay and mixed hay, grains with wheat around 96c and corn 90c per hundred, oats 44c, rye 65c, clover seed 4.50. Hog, steer, cow and calf prices shown at Loganport Stock Yards and Galveston grain futures cited. Produce quotes include butter, eggs, lard, and potatoes corrected daily by local firms.
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