Gold Markets Drift as Gold Flows Rise Across Ocean
New York reports a small stock advance amid broad inquiry and cheery sentiment. Official statements hint at a quick decision in the freight case, while gold outflows accelerate and Europe engagements reach 5,840 dollars in two days, with a weekly total around 9,200 dollars. Bonds hold steady as various commodities and mining issues ripple through the market.
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New York
Europe
Malifie Stogan
Anaconda and North Butte Slump in Copper Earnings
The Anaconda Copper Mining Co and North Butte Mining Co report lower net earnings for the year ended June 1 due to copper prices. Anaconda posts about 2.4 million and North Butte around 908 thousand less than the prior year, despite cost reductions and more economical operations.
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North | Butte Mining Company
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New French Cabinet Announced by Ribot
Paris June 9 Senator Alexandre Felix Ribot announced a new French cabinet to replace Premier Jaston Doumergue. Ribot listed five senators and seven deputies including Leon Bourgeois Etienne Clemente Arthur Dessaye Maurice Maunoury and Emile Chautemps among others. Sacramento June Governor Johnson urged tri state talks with Oregon and Washington to regulate Chinese egg sales in three states under conditions ensuring they are not domestic.
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Alexandre Felix Ribot
Jaston Doumergue
M. Ribot
Leon Bourgeois
Etienne Clemente
Marine
Joseph Noutens
Paul Peytral
Arthur Dessaye
Jean Dupuy
Emile Chautemps
Adrian Darine
Maurice Maunoury
Sacramento
Johnson
Sonoma County
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Lister
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Charles Romwell
Poultry Producers’ Federation
Knox Boude
King Injured in California Auto Collision Near Palo Alto
Homer E King former Bank of California president and his wife were returning to San Francisco from Los Gatos when their car collided with another. King sustained a compound fracture of the right leg possible internal injuries and severe nervous shock. At Peninsular hospital his condition was described as critical.
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Alleged Fakers On Trial In Los Angeles Superior Court
Los Angeles June J Byrnes, alleged leader of a bunco ring, faces trial for fleecing tourists of thousands two years ago. He is accused of robbing P Freiz of $5,000 in a fake horse race, the same charge that felled Lee Rial who was convicted and sentenced to ten years in San Quentin.
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J. W. Byrnes
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Lee Rial
San Quentin
Insurgent Fight Continues in Woodmen Of America Saga
In Rock Island Illinois insurgent lawyers asked Judge R W Olmstead to dismiss suits over credentials for insurgent delegates to the Modern Woodmen of America supreme camp. The contest of recognition paused but aims to proceed to the supreme camp at Toledo.
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C. W Hawes
Modern Woodmen of America
Supreme Camp
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Tow
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R. W. Olmstead
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Toledo
Money Market Bulletin Delivers Mixed Rates Across Instruments
The new Mercantile paper shows steady sterling at 188.20 and demand at 48885, with commercial bills around 480.73. Government and railroad bonds hold firm while call money sits at 1 to 2 percent, with varying treasury loan rates across 6 days to 6 months.
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Sterling Exchange
Bears Drive Down Wheat Prices on Downgrade Outlook
Chicago markets report bears’ deductions from a government crop report pushed wheat to near the year’s low. Corn and oats slipped with probed gains offset by selling. Weather in Argentina and profits by traders influenced the downdraft. oats faced drought concerns in Missouri and Illinois, while provisions fell with commodity values. Wheat July and September quotes varied as market activity showed heavy profit taking and overall downward pressure. In Washington, a treasury ruling bans wearing game bird plumage returning from abroad, affecting fashion in a separate note.
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Tye
Argentina
Missouri
Tilhos
Less Wheat in India Reports Decline in Production
A report to the department of agriculture from the International Institute of Agriculture in Rome gives final returns for India's wheat production at 13,154,000 bushels, a percentage decline from last year’s output.
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Washington
Department of Agriculture
International Institute of Agriculture At
Rome
India
Colorado coal miners strike talks in Denver
A legislative committee in Denver met with Gov. Ammons to craft a report on ending the Colorado coal miners strike. It is expected the committee will submit its recommendations to the governor in about three days.
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Denver
Col
FE. M. Ammons
Colorado
Portland Avestock Market Steady With Unchanged Receipts
The Portland avestock market reports steady conditions with cattle receipts around 190 head. Prices show little change as market tone remains steady, with buyers and sellers awaiting direction amid current demand signals.
Tornado – Mrs. B A Samson Killed In Haywood County
A tornado swept through Haywood county last night killing Mrs. B A Samson and seriously injuring two others, with considerable damage reported. Local authorities assess wreckage and respond to affected communities.
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St. Cloud, Minn
B.a.samson
Haywood County
Market silence as rail and copper stocks drift
Traders report little activity with copper miners Granby and Mohawk showing slight strength while the broader list remains inactive. News notes warn of pending rate decisions and potential railway ownership shifts, with forecasts of July traffic and a broad market cautious stance amid sentiment of higher prices ahead.
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Paine Setter
Poston
London
Granby
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