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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 16, 1909
Page
7
The wheat pit surged as Patten and other traders caused a dramatic price rise. A sharp 40 cent drop sparked panic among small speculators, then Patten bought 3,000,000 bushels for July delivery in the final trading minutes.
In the Western Union corridor amid Bartlett-Patten offices crowds shout orders for thousands of bushels. Patten personally moves on the floor directing buys as he and his followers battle the trading field, pressing numbers like 50 100 and 25 in a fierce closing burst.
The text discusses bread loaf size cuts tied to flour price rises, bakers' profit squeezes, and a broader market move as May and July wheat futures surge. It notes large traders like Patten shifting from May to July, a sell-off halting near closing, and price comparisons to the previous year.
An old advertorial cautions catarrh as a major health risk linking it to consumption. It urges immediate treatment, promotes Hyomei as a guaranteed cure, cites a testimonial from C. N. Jane of Mitchell SD, and notes the complete outfit costs one dollar with extra bottles at fifty cents.
Boston flour merchants report no scarcity but prices climb as wholesale stocks fill rapidly and large dray loads move flour through city streets. Chicago market tightness halts mills, export business drops, while bakers keep bread prices steady with adjusted loaf weights and pricing notices.
Frank R. Shepard of the George G. Fox Company, a major Boston baking concern, criticizes the Patten wheat corner. He notes flour costs rise 2 to 3 dollars per barrel, warns bakers may need to adjust loaf sizes or prices if shortages persist, and emphasizes Boston bread value compared with the Midwest.
TJ and others urge Congress to curb speculation in bread and flour prices. Speakers at the National Association of Master Bakers in Indianapolis warned rising costs may be driven by speculation, not shortages. Bernard J. Rothwell of the Boston Chamber says there is no bread famine in Boston or nationwide. B S Ferguson of the Master Bakers in Boston notes no meetings or actions to raise prices or shrink loaves and questions flour scarcity.
The message by Thomas W. Lawson urges public leaders to back mass meetings in Madison Square Garden and Chicago Auditorium to protest manipulated wheat prices. It warnings of bread famine, riots, and bloodshed, offering to fund the two gatherings if backed promptly.
April 15 report notes flour up 40 cents a barrel and bread at seven cents may appear. Ghetto areas feel impact as Chicago wheat gains buoyancy drive six cent loaves and bakeries warn five cent loaf era may end. High grade flour prices climb from 6.60 to 7.20 a barrel widening bread cost concerns.
A girls dress described as a flouncing gown for graduation confirms party wear. It features an English eyelet embroidery waist and Gibson bertha with back and front trimmed by matching insertions. Price listed as 750 dollars in the OS EC section.
The 26th annual Old Hawes School Boys Association dinner gathered alumni from Dorchester Street in South Boston. Speakers recalled 1825 escapades and Civil War service while officers and an executive council were elected for the coming year.
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