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Newspaper
Mitchell Capital
Location
Mitchell, South Dakota, United States of America
Date
Dec 07, 1911
Page
8
Fragmented text notes a draft federation forming in China. Mentions a meeting at Anger and a convention in Nanking to establish a federal government with a president, and leaders claiming legal representation of princes.
Ten millionaire meat packers were arraigned in Judge Carpenter's federal court in Chicago on criminal conspiracy to violate the Sherman anti trust law. The case follows nearly eight years of government effort, with indictments in 1910 and 1911, charging a nationwide packers trust that controlled 85 percent of eastern and midwestern meat and coordinated livestock bidding and pricing. The trial opens amid a large crowd as jurors are sworn and government attorneys outline a long history of alleged monopsony and price fixing across Swift Armour Morris and related companies.
Chicago Union Stock Yards reports weak market signals with hogs priced $5.70 to $6.25 and noted demand from all quarters. Cattle receipts around 22 000 with steady to 10 cent loss, and sheep at $2.50 to $4.10 for natives and westerns. Overall, heavy hogs and sheep led to lower prices versus Monday and Tuesday, with a strong butchers demand and clearances in the kill yard.
Sioux City stock markets telegraphed daily by the Stock Yards. Cattle receipts 2,000 steady. Hog receipts 5,500 down 5 cents. top 6.00. bulk 5.85 to 5.95. Sheep receipts 1,500 steady. There was additional strength to the fat market.
Wheat No 1 northern 88 cents, No 2 northern 86 cents, No 3 northern 85 cents. velvet chaff 85 cents. corn 45 cents. oats 40 cents. barley 75 95 cents. flax 1.75 dollars.
Minnesota wheat and corn prices listed with bid asks and seasonal delivery notes. Includes No 1 hard and northern wheat at around 1.01 dollars, durum and oats values, corn at 60 cents for No 2 yellow, flax near 2.01 dollars, and December wheat around 99 7 8 cents.
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