Market turbulence and bank strain unsettle stocks
Amid vivid market turmoil New York and London face rising loan costs and shifting gold flows. Banks tighten lending, stock prices waver as investors weigh monetary policy and credit conditions.
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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 10, 1906
Page
6
Amid vivid market turmoil New York and London face rising loan costs and shifting gold flows. Banks tighten lending, stock prices waver as investors weigh monetary policy and credit conditions.
In Chicago Whitago August 4 the wheat market opened higher but closed weak after selling fueled by expectations the government report tomorrow will show larger yields. Local houses led selling while commission firms remained active. Prices surrendered from opening highs and remained soft through the day with cash demand helping. Weather and harvest prospects weighed on sentiment, leaving futures lower.
September trade opens with hog prices easing and fat hogs supported by traders. Hog demand fades near close at 16.9 while cattle futures show declines. Market volume reaches thousands with mixed quotes across calves and cows as experts anticipate a next session rally or pullback.
A London style notice reports the Boston Yacht Cup under the Lipton sponsorship valued at 1000 dollars and assessed 45 percent by local appraisers. The decision faced protest and will be adjudicated by authorities in Washington. An executive party from Detroit and officials from Livingston and Grand Rapids were traveling to the park and Gardiner work sites for the event.
Fragmented want ads list varied job postings and services from Butte and Anaconda areas. Help wanted spans sales, hardware, nursing, ranch work, and housekeeping with contact notes and addresses for applicants in the early 1900s newspaper column.
Special to the Standard from Lewistown notes the local fire department taking part in the State Firemen's association convention held in Hem ton. Chief Jones, George Anerson, and Murray J. Deaton are mentioned among those chosen or acknowledged. A session includes papers on fire safety and arson prevention.
A circulated report claiming Pope appointed a bishop for the Cat States to oversee Yale students in America is incorrect. No parish bishop has been named for the area, and the Vatican has not announced such an appointment.
The city invites sealed bids for grading curbing drain and sidewalks in Special Improvement District No. 13 and related crosswalks gutters and parking works. Plans by city engineer, bids accompanied by 1000 surety, completion by Aug 11, 1906, terms and conditions per ordinance and contract forms provided.
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