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Newspaper
Logansport Daily Tribune
Location
Logansport, Indiana, United States of America
Date
Oct 31, 1908
Page
6
Receipts of hogs at principal western markets yesterday show lower totals than the prior year with figures indicating declines across several grade levels and markets. The reported amounts include substantial reductions from year ago levels.
Indianapolis market reports receipts of 12 000 hogs 1700 cattle and 400 sheep versus prior week and year. Hogs sold 4.75 to 6.00 with declines of about 10 to 15 cents from yesterday. Cattle and calves moved steadily with light cattle commanding better prices. calves 25 cents lower. Sheep and lambs remained limited but active at steady to strong prices with lambs at 5.50 and sheep at 2.50 to 4.75.
Market notes show varied bids for steers and cows by weight class with prices ranging from good to prime levels. Hogs and sheep are listed with weights and price bands, reflecting typical seasonal demand and stock quality in a regional sale.
Chicago and local exchanges log sharp gains as frost reports estimate up to 30 percent damage to Argentina's wheat. December quoted near 31.00 to 1.05 for May, with premiums in Minneapolis cash markets fueling buying. Corn, oats and provisions trend firmer amid light offerings and strong cash demand.
Numerous short arrivals and departures from Peru Indiana with visits to relatives and friends in nearby towns. Mentions include Miss Helen Patton, Miss Doris Graves, Mrs A C Hoover, Miss Maud Lathan, Mrs Catharine Runnels, Fred Quick, Mrs Anna Rush, Mr Charles Black, B E Rich, Mr Underwood, Miss Eva Clauson, County Superintendent Haas, Mr and Mrs Hoover, Mrs Clawson, A C Wallace, Floyd Kinzie, Mrs Appleton, Mrs Ben Wan mond, Dr L L Quick, D J Forgy, and revival meetings at the Methodist church led by Rev J T Wilkinson from Columbus Ohio. Funeral attendance noted for Robert Herrell and wife, and Maud Snell’s trip to Logansport.
Buffalo stockyards report light cattle receipts and slow market. Hog volume around 10,000 with prices from $5.25 to $6.00 for hogs and sows, pigs around $4.60. Sheep and lambs receipts near 12,902 with best lambs at $5.75 as market trends lower.
Onward Miss Olive Kinsey plans a Halloween party for her young friends at her home Saturday evening. Local social notes mention Mrs Emma Lowe visiting her sister Mrs Thomas Little and several residents attending church and community events. Lewis Walters moves to town with family to operate Onward elevator as local gatherings and dinners support the election board and church activities.
Anoka Chas Cannady's barn burned Thursday around 3 am. A horse valued at 150 dollars burned and another horse severely burned must be killed. About 100 bushels of oats and hay destroyed. Mrs. Sarah Storer is very poorly. Nearby residents Mrs. Wangler and Mr. Turnpaugh helped push a stalled auto home. Visits noted among Logansport residents and relatives.
Burnettsville notes cover Miss Kate Englebrecht of Logansport visiting her sister Ella Englebrecht and attending a lecture course. Purdue visitors John Mertz James and Carson Duffy return home. Mrs. Withrow travels to Sheldon Illinois to visit her daughter. Joe Stuart returns to Marion after a stay. Local women from Lake Cicott join the M E conference. The 1st quarterly meeting and Rev Paul Carmick speak at the M E church. Ella Englebrecht Ethel Dans go to Lafayette. Miss Small of Muncie visits Mrs Jennie Tounsley. Belle Nan Marsh host Logansport guests. Rev Kenrick attends Cass county Sunday school convention. Chas Johnsonbaugh and daughter Jennie visit Logansport. M E Sunday school to observe Rally Day at 9 30 AM. All invited.
Eight billion dollars in output shows agriculture delivering about 1416 dollars per farm annually or 118 dollars monthly. Scientific farming and improved livestock boosted revenue across the country. Land yields more crops and prices remain high and stable, benefiting industries.
Government estimates 1908 agricultural output at 38.5 billion dollars with farmers investing 25 billion dollars yielding about 30 percent gross return. About 6 million farms are on the market yearly with an 8.5 billion dollar output. dairies and poultry rival cereal values as livestock wealth grows. Despite industrial dull times, farm prosperity remains robust and prices for various meat animals are listed with recent market quotes.
Chicago market report shows hogs weaker and slow with minor declines from prior session. Early top $6.00, later $6.07 for good heavy hogs as packers pause. Cattle offerings small, buyers and sellers expect steady prices. few steers of choice yarded, Canadian range fed steers scarce. Live cattle trade quiet with about 9,000 sheep and lambs listed but not active.
Parcel of railroad bonds or benefits issued by Union Pacific aroused suspicion as details circulated about their timing and recipients. Officials faced scrutiny over allocation and transparency in the distribution of these aims.
The Oct 30 New York trading day saw heavy professional activity led by Union Pacific as September earnings rose sharply by 54 percent. Early buys pushed shares to 173 with a 3% spread, while concerns over the earnings report tempered gains. The Tribune plans daily market coverage and invites reader input. Street market data notes hay prices, Timothy hay at 9.00 and mixed hay at 38.00.
Corrected daily by Bishop Elevator Co. and other firms. Wheat 95c new, corn 77c new yellow, oats 44c, rye 65c, clover seed 4.00. Hog prices vary by weight from 130 to 225 lbs around 4.50 to 5.00. Steers 800 to 1,200 lbs range 3.50 to 5.50, cows 2.00 to 4.00, calves 4.00 to 5.50. Walton and Galveston reports note similar grains and poultry pricing.
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