Wheat Market Bears Turn After Crop Report
A government crop report sparks a sharp move in the wheat market with noticeable price swings. Traders react to the data as sentiment shifts, signaling heightened volatility and potential supply concerns.
11 May 1907
Page 1
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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
May 11, 1907
Page
1
A government crop report sparks a sharp move in the wheat market with noticeable price swings. Traders react to the data as sentiment shifts, signaling heightened volatility and potential supply concerns.
Wheat prices surged after a government crop report flashed bullish factors. In Chicago prices jumped over yesterday’s close with July reaching 93 4 c, while New York saw July rise to 98 1 2 c as bulls pushed for a dollar wheat, then profits triggered retreats.
London May 11 Peter Latham a former champion defeated Cecil Fairs holder of the world professional tennis championship in straight sets 7 3 in the match and side bet of 2500 dollars.
West Liberty Iowa May 11 delegates attend tri county teachers convention with over 125 teachers packed Christian church for the afternoon session. Morning talks were delayed as delegates arrived late. Superintendent A V Storm of Iowa City spoke on the school situation. The West Liberty High School orchestra opened the afternoon with music before business sessions and discussions of live schoolwork problems followed.
Cripple Creek Colorado May 11 widespread celebration marks start of the long planned Cripple Creek drainage tunnel. Mining businessmen and officials vow the tunnel will drain the district and unlock over two hundred million dollars in untapped gold ore, prolonging Cripple Creek’s mining life.
In Wilkesbarre Pennsylvania eleven Italians were convicted of Black Hand crimes. They received one year in jail and fines of twenty seven dollars each plus costs of prosecution.
Chicago reports a fair night and Sunday for Iowa with warmer temperatures. Sunrise is at以后 and sunset at 6 55.
President Roosevelt and his advisers will not push for an alliance with Governor Hughes to influence the New York delegation at the Republican National Convention. All overtures for a working arrangement have been rejected or misunderstood. Hughes will be allowed to pursue his own path toward a presidential nomination.
The fire wrecked Bob rich block in Town City Iowa. On May 11 a wall collapsed trapping William Kims a carpenter. He was dug out after thirty minutes with two broken ribs and internal injuries.
New York on May 11 reports half a dozen ocean passenger steamers scheduled to sail today and 28 awaiting arrival tomorrow as longshoremen strike disrupts cargo unloads. Some ships will depart with holds still loaded while others carry only ballast water. Cabins will be full due to the spring tourist season.
John McNeughton assistant superintendent of the ship canal at Sault Ste Marie died in his sleep from pneumonia. He was famed among Great Lakes captains and was the fourth family member to die in a week.
Kansas Supreme Court issues writs ousting the Western Union Telegraph Co and the Pullman Co for failing to meet charter fees and corporate laws. The court also ousts Leavenworth Mayor Peter Everhardy for not enforcing liquor laws and orders the city to cease licensing saloons.
Seymour Iowa May 1 Residents of Seymour and vicinity are named in suits by Farmers and Drovers Bank on notes and overdrafts totaling about 650000. G W Harbert Edward Nailer Kaufman W K Meel W R McGee are listed with varying amounts. Harbert is a leading Wayne County figure. Ware shows slight improvement. Fry resignation rumors denied. bond for Ware secured awaiting counsel advice to avoid further charges.
Mason City Iowa May 11 H A Scott a prominent Shelton Illinois merchant was a passenger on a Milwaukee train from Chicago when he stepped off the rear and was run over by a switch engine. He died three hours later with both legs severed.
Samuel L. Clemens said he has been offered the degree by Oxford University and will sail for England on June 8 to receive the honor. He is a guest of Governor Wakefield at Annapolis.
Lord Mayor and city corporation of Liverpool plan a public funeral for the late Rev Dr John Watson Ian MacLaren who died May 6 at Mt Pleasant Iowa and will have his body brought to Liverpool for the service.
J F Waterman aged 24 was instantly killed by an Illinois Central train in Waterloo Iowa at noon. He had married two weeks earlier and lost his footing while boarding a moving train.
A cavern in a building at the International Harvester works in Chicago killed one man and injured seven others yesterday afternoon. Five workers escaped unharmed as four floors collapsed, trapping several inside. Fire and safety crews responded to the incident.
Springfield reports the Chicago charter bill cleared the Senate and goes to the governor for signature. The measure promises relief for a city long strained by a charter suited to a much smaller population and debt limits that hinder borrowing for urgent needs and local improvements.
Crowds in Madrid celebrated the birth of the king’s heir with public rejoicing lasting late into the night. Officials report the queen and baby in excellent condition this morning as inscriptions honoring the birth were registered on state and royal family records.
Battle Creek Michigan reports Charles Miner a 74 year old farmer died while reading a newspaper and laughing at a funny picture. The cause was heart disease.
Mrs Carrie Sigs worth aged 31, driven by ill health, killed her 18 months old child and then shot herself at their Allegheny home in Pittsburg yesterday.
New York May 11 a resolution endorsing Governor Hughes for the Republican presidential nomination was laid on the table by a 32 to 4 vote at the state committee session. Chairman Woodruff explained the tabling citing Odell's motion and the signer’s conduct.
Western Federation of Miners members in Boise expect Orchard to take the stand and reveal how far his testimony may implicate Haywood Moyer and Pettibone The Chicago Journal report linking Charles Moyer to Joliet penitentiary history is denied by the prisoner and his counsel with witnesses named to verify alibis and timing
Iowa City May 11. Jesse Burns about 26 believed insane was captured by Sheriff Rowland and son after a seven mile chase down the Iowa river. He fears a man and woman with a lariat intend murder and is held at the county jail pending investigation.
Edward S. Tate, once linked to Newton C. Dougherty and a Joliet penitentiary inmate, was convicted in Chicago criminal court of burglary. The jury noted some truth in his defense and recommended clemency. he faces an indeterminate sentence from one to 14 years in state prison.
Des Moines May 11 Richard Eviis of Guthrie Center aged 18 and other boys dug a tunnel in a sandy bank. The bank caved in burying the lad and he was smothered before rescue efforts succeeded.
In Cedar Rapids Iowa on May 11 a mother left her 11 month old baby in a hot bath. The child climbed into the tub unnoticed and sustained fatal scalding. The baby died the following morning.
Washington May 11 The President announced the appointment of Lawrence Y. Sherman of Illinois to succeed J G Diekema of Michigan as a member of the Spanish Treaty claims commission.
Cleveland May 11 Congress man Theodore E Burton issued a statement denying a reported telephone claim that Secretary Taft sought Foraker’s elimination. He says Taft refused any deal trading presidential support for Foraker’s senatorship and notes such arrangements would be a political bargain misaligned with Roosevelt administration policies.
A May 11 dispatch from Caracas reports that payments to Germany Great Britain and Italy under the old blockade will finish about July 1. After that, only exchange currency settlements will occur and deferred claimants including the United States Mexico the Netherlands Sweden and Belgium will be paid monthly from Venezuela customs receipts.
Messina May 11 report new craters opening on Mount Etna and Stromboli with increasing eruptions. Observatories in Messina and Catania record very light earthquakes. Population alarm rises as smoke and flames issue from Etna’s main crater visible over a long distance.
In Boston on May 11 Columbia defeated Harvard in a varsity boat race on the Charles River covering a mile and seven-eighths. It was Columbia’s first Charles River appearance and the first Harvard-Columbia clash in 20 years. Final time 9 16 for Columbia 9 18 for Harvard despite cold, miserable weather.
Washington May 11 The Guatemalan government released G L Lullen of Little Rock Arkansas and Marshal F Stamms of Cincinnati Ohio who were arrested in Guatemala City on alleged complicity in the attempted assassination of President Estrada Cabrera. Advices received at the State Department confirm their release.
Developments unfold as a mob confrontation tests authorities. Governor orders calm while witnesses describe intimidation and police response amid ongoing street car labor action in Frisco.
San Francisco authorities plan to show they can handle a mob as Governor Gillette Brigadier General Lauck and Brigadier General Wankowski witness the crowd dynamics. Police will mass in force while a special train with strike breakers reaches the city to guard car barns and support local efforts.
Snow and record cold grip New York state and New England as May 11 reports mark the coldest day in 30 years. Western Pennsylvania endures a brutal spell with the coldest May day since 1876.
Citizens' Railway and Light plans to complete the loop by July fourth. Manager Clark secured city approval and rails are being purchased. expert trackman Cr. J. Schultz is inspecting tracks as crews prepare to begin within days.
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