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Newspaper
Albuquerque Morning Journal
Location
Albuquerque, New Mexico, United States of America
Date
Oct 13, 1908
Page
5
The New York stock market strengthened as hopes for a peaceful settlement of the Near Eastern question reduced foreign selling. Traders noted strong demand from bears in arbitrage and a rebound in prices with ample banking liquidity, while bonds held firm and total daily sales reached about 4.15 million dollars in par value.
In Chicago the wheat market weakened with a larger visible supply. quotes fell 4 to 5 cents from early highs. Corn and provisions also weakened with traders realizing gains. December wheat slid from 1024 to 100. outs remained steady in early trading.
The report notes low trading conditions with provisions selling weakly and prices slipping as market activity cooled. Grain prices remained largely unchanged with some declines due to broad weakness and late-session caging of orders.
New York Cotton futures opened firm with a gain of 11 points and closed steady up 35 points. Trading remained cautious as traders assessed weather and demand factors impacting the lint market.
New Orleans Cotton in New Orleans Oct Li closed today with a one eighth point gain amid cautious trading as market observers note moderate demand and limited supply influencing the session.
The Metals market shows a dull session with limited moves in London and New York. Capper futures and spot prices near prior levels, with lead and silver readings also steady or easing slightly, and local quotes reflecting quiet activity across major metals sectors.
The letter from Frank K. Roberts editor of The Auritanm Beet Buges Gazette urges rapid beet sugar industry development in New Mexico. He cites irrigation congress lessons, notes past factory failures, and calls for farmers and capitalists to invest to match profitable western operations.
An advertisement touts Ballard's Herbine as the perfect liver regulator and a cure for melancholy, headaches, constipation, chills, fever, and liver complaints. It promotes buying four bottles from J HL UO Heifly & Co, portraying the remedy as a positive cure for bile and mood issues.
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