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Newspaper
Kansas City Star
Location
Kansas City, Missouri, United States of America
Date
May 02, 1908
Page
5
Dry weather across the western plains deepens crop anxieties and limits receipts, keeping wheat prices little changed from a week earlier. Argentina shipments remain massive, weighing on foreign markets, while U S exports fall and corn prices ease after an earlier rise as market moves toward supplies and demand.
Local traders report an advance of six dollars per share in Commerce Trust company stock with strong demand and little offering. National Bank of Commerce stock draws buyers at a bid of 110, as the new million-dollar issue appears. Rumors of a July dividend on Lucky Tiger mining stock lift prices briefly. Minor gains seen in Kansas City Railway and Light common stocks in Chicago. Bond activity remains fairly robust as Traders Bank declares a quarterly dividend of 2 1/4 percent and adds five thousand to surplus. Quotations by H Wright Investment Co., 823 Baltimore, listed.
The Wall Street Journal notes a two year bear market with the highest railroad stock average reached on January 22, 1906. Prices fluctuated through that year, with rallies but no crossing of the high, and a steady decline since December. An upward swing is possible but timing is uncertain amid political and crop developments.
A column extols Captel Webster Theodore Parker as a monumental leader likened to Socrates Charlemagne and a kingly presence in public life. It recalls Lew Fields losing a property man and the plot of The Girl Behind the Counter showing department store chaos with wax figures and a fatal onstage incident after dummies are misused.
New York traders see steady stock gains with an 800000 share daily average and a two point weekly lift. The Supreme Court voided Minnesota and North Carolina railroad rate penalties, boosting railroad securities, while the President called for traffic accords and non hostile consolidations.
A Chicago News item recounts how black walnut wood gains value as furniture makers seek authentic old designs. A New Jersey farmer rents a market for his trees after a luc rare mortgage story and a West Side lumber firm confirm demand. The tale ends with a farmer planning to cut more walnuts while buyers rush to purchase standing trees. A second brief notes a crystal wedding guest who overindulges, delivering the joke of Wilkins and Bilkins.
Two unfinished battleships the North Dakota and the Delaware become a global contest as Fore River Gouvernment yard eyes a tighter three year target while Newport News steadies a longer schedule. The race centers on construction speed, with fore river ahead in early progress and morale surging among workers.
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