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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 28, 1908
Page
16
New York stocks eased today as speculative liquidation intensified, pushing prices to levels not seen since the late 1910s. Bears circulated rumors on bank reliability and crop damage, while bonds remained accessible as government note issues and high grade bonds attracted modest demand.
A dense catalog of preferred and common stock listings from American and international issuers. Companies include American Express, General Electric, Illinois Central, Philadelphia area lines, and many rail and utility firms with various preferred and common share figures.
New York money markets show closing bids at 1 percent with quiet steady demand for 60 day and 2 percent rates for other tenors. Prime mercantile paper firm. sterling exchange firm at about 487.15 for bank bills and 485.35 for demand. Bar silver and Mexican dollars quoted around 48 cents. government and railroad bonds steady to easy.
New York and London markets show small shifts in copper alloy prices with spot copper around £56 17s 6d and futures near £57 10s. Local demand remains weak. Lead holds at £12 1s in London and 4.35 to 4.37 cents locally. Spelter steady London £19 12s and 4.55 to 4.60 cents locally. Iron unchanged. Cleveland warrants quoted 5s in London. Local market steady.
In the district court of the Third judicial district Montana Deer Lodge county, notice is given that on June 6 1908 at 9 30 am the court will hear the will of Charles Dubey deceased and consider letters testamentary to Napoleon Bigras and W R H Edwards. Any interested person may appear and contest. Seal IRA C GNose, Clerk.
Local ads list money to loan on real estate at low rates plus other security. Firms include McRae Solveson, Slemons Booth, Simon Bank, Andrews Wilson Smith, and Ryan Zander. Also lost items and rewards for Colt, diamond stud, and auto chain. Furniture and household goods buyers advertise high prices. Listings also note a cleaning and dyeing company and miscellaneous services.
The London wool auction today totaled 14 284 bales with good quality and strong demand. Fine grades sold higher while some lots were bought in above buyers' views. Americans secured substantial supplies of greasies at very high rates.
Washington on May 27 reports general fund balances excluding the gold reserve. Available cash stands at 228,830,013 dollars, gold coin and bullion at 15,442,785 dollars, and gold certificates at 45,045,370 dollars.
Calendar items list reading days and daily readings at 218 W Galena street Butte with multiple local businesses including Model Carpet Cleaning 546 S Main Assayers and Chemists Rombaure Lewis Walker Thomas Buggy and M E Mayer. Market reports show Texans and other cattle hogs and sheep receipts and price ranges with strong tones and steady to higher outlooks.
Wool prices hold steady in St Louis with mids and fine batts steady. Medium combing and clothing grades quoted at 1 54 4d per pound. light fine at 1 4d. heavy fine and tub washed near 1 2d per pound.
Chicago May 27 wheat opened weak due to European market lag. May delivery shorts covered, pushing May from 1.04 to 1.06 early. May corn bulge lifted market. May later closed at its high. July and other deliveries fluctuated with May’s strength, oats weak then rallied on Illinois Indiana reports. Provisions rallied late. July pork up, lard and ribs each higher.
A woman calling herself Mrs. Perely from Missoula was arrested in Helena for being mentally unbalanced. She had spent days in the city acting queerly, lingering in offices and stopping passersby to talk incoherently, with no local person able to identify her.
Chicago notes cattle receipts around 12.00 with market steady. Beeves price range $4.75 to $7.30 as reports list typical values for the day.
A Montana corporation calls a stockholders meeting at its Anaconda office on June 23 1908 at 11 a m to approve raising capital from 500000 to 650000 by issuing 150000 shares of preferred stock of par value 1. Directors W R Allen Charles B Little Philip J Foley W H Mahoney dated May 13 1908.
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