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Newspaper
Albuquerque Morning Journal
Location
Albuquerque, New Mexico, United States of America
Date
Jul 01, 1908
Page
5
Wall Street shows limited activity in early trading with traders deeming prospects weak. Short covering remains minimal as bear pressure and low money market confidence dampen buying, while expectations of year end profits and crop news provide modest support.
A promotional extract extols Dr Pierce’s Favorite Prescription as restoring freshness to women after marriage and childbirth. It claims to strengthen weak health, prevent surgical need, and support the pelvic organs using nonalcoholic remedies with ingredients listed on the wrapper. It cites medical authorities praising the Golden Medical Discovery and promotes other products and free expert advice from Dr Pierce.
Total daily sales reach 180 900 shares while par value of bonds trades at 1 173 000. United States bonds unchanged. Wheat weak due to favorable harvest and crop development tones. September wheat closes around 8 8 to 8 9 cents. July and September corn and oats finish mixed with small gains and losses.
New Orleans cotton markets report spots steady with prices unchanged. Middling and other grades show no change, with buyers and sellers awaiting further developments.
New York June 30 cotton futures opened 245 points up and closed 1 point down. St Louis June 30 wool prices show firmness with medium grades and combing clothing fibers at 20c for wy a 20e, light fine 11 6c, heavy fine 11 2c, tub washed 20% off.
Boston June 30 wool traders report renewed activity after months of dullness. Principal demand centers on worsted wools with higher quotations: Territory fine staple 55 57 cents, medium staple 50 52, fine medium clothing 45 48, fine clothing 48 50, half blood 45 50, three eighths blood 46 49, quarter blood 42 4? cents.
New York reports copper showing a modest reactionary uptick with spot at £56 12s and futures at £56 7s 9d. The overall market stays dull. copper prices quoted at $12.62 12.75 for spot and nearby, electrolytic at $12.37 12.62, coating at $12.25 12.37. Lead slips to 12 5s in London but stays dull at $4,454.50 locally. Spelter unchanged, close £18 10s and $4,454 4.50 locally. Bar silver at 58 1/2. Mexican dollars 46 cents.
Boston stocks and bonds show varied closing prices with many classifications and percent changes. Notable items include Atchison adjustments near 48 bid and well mixed readings across railroads mining and chemical stocks.
F A Boose of Faila City Nebraska elected superintendent for the coming year. He arrives with strong training and practical experience in teaching multiple grades. D A Ortega, county superintendent, praises the new building and pick as a valuable addition to Socorro county teachers. Other notes include dam engineer visit, road project hold, and local baseball plans.
Fili berto Blea suffered seven deep gashes and extensive blood loss after a knife attack on College street near the Santa Pe creek. Francisco Rivera y Avioste is jailed on suspicion of the crime. Blea carried twenty one cale in his coat and eleven slits in his trousers. The assailant appears intoxicated.
Louisiana moves to a high license system for two years after the senate passed the Shattuck Gay liquor bill by 29 to 4. The measure fixes minimum license at 500 and state license at 200 with higher fees for larger licenses, marking a southern halt to prohibition momentum.
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