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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jun 06, 1910
Page
13
The report lists daily call and time loan rates for last week with figures for Tuesday through Saturday and a weekly range. It also compares with the corresponding week last year and year to date, covering call 60 and 90 day ruling rates, six month rates, and Sterling exchange with domestic and cable quotes.
The Treasury stops minting small silver coins and banks cannot supply new mintings. Pending stock of half dollars quarters and dimes will be exhausted before coin production resumes. Firms fear pricing pressures as wholesale shipments from New Orleans San Francisco and Denver rely on remaining mintings.
The May copper production for Butte mines is expected to exceed 28 million pounds, with Anaconda and Boston & Montana each over eight million and others like Butte Coalition and North Butte contributing. Several Lake properties report tonnages, while Superior & Pittsburg posts record May shipments. New drilling efforts at Jupiter and Sunset claims emerge as Boston & Corbin resumes work and new firms form to explore adjacent lands and ore bodies.
The National City Bank notes that postponing the corporation tax decision avoids a government bond issue. The Hankow loan funds a 533 mile initial line in China with a 30 million dollar loan and United States participation alongside Germany France and Britain. It foresees further rail expansion in the Chinese Empire and positions the U S in future Far East commerce. The bank ties relief to the Supreme Court delay on Panama bonds and outlines treasury cash benefits and potential bond needs for canal work.
New York collectors may view Henry J. Crocker’s Hawaiian stamp collection tomorrow at the office of John A. Klemann 231 Broadway. The collection, built over thirty years, includes the 1851 Missionaries first issue and later issues with notable values for the two cent three denominations. The set has won gold at an International Exhibition in London and is highly regarded by American and foreign philatelists.
The American bark Charmer, built in Bath, Maine, ended her final voyage seven ty eight days from Port Elizabeth as she dropped anchor off Staten Island. Sold by owner D. B. Dearborn, she will be dismantled and converted into a coal barge. The seven teen crew previously numbered twenty eight. rig altered for economy. The vessel measures 1,728 tons, 221 feet long, beam 38?65 feet.
M Fruchter, enrolling members for a local of the Amalgamated Association of Street and Electric Railroad Employes among city trolleymen, reported to the Central Federated Union that keeping enrollments secret is difficult and some names were discharged in Brooklyn. A central committee was appointed to aid enrollments. Fruchter cited a decoy letter and missing records after a meeting.
Uncertainty dominated the wheat market as prices swung after brief advances. European and American markets fell, aided by a weak estade sector and fears of adverse business developments. Shorts covered then pressuring further declines, with crop prospects improving in the Southwest but uncertain in the Central West and Spring wheat. Canadian Northwest shows slow development but large acreage, hinting at a sizable crop. Abroad, markets remained weak due to selling of speculative holdings.
Agricultural reports show cotton planted area around 33 to 35 million acres with a record result and gains despite bad weather. Government figures place planted and picked acres near 33.2 to 33.4 million, while private and Chronicle tallies exceed 35 million, hinting at strong production and high prices driving replanting and broad acreage expansion.
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