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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 09, 1905
Page
11
Stocks closed at the day’s low with little movement amid tepid volume. Belief in potential Russo-Japanese peace and better weather in agricultural districts lent some support, while grain losses and dividend doubts shaded sentiment.
Chicago grain report shows active short covering and a firm close for July wheat despite earlier weakness. Wheat futures rose on Chicago activity with Minneapolis crop optimism and stronger cash market signals. Corn and oats posted gains while oats led with a notable advance. overall market sentiment shifted late day with improved demand and favorable weather cues. Local receipts and price quotes for several rail and bin markets referenced alongside railroad stock notes and commodity quotes.
The New York cotton market opened quiet and steady with a slight rise as traders covered shorts and reacted to New Orleans buying and private crop reports. Traders weighed Norway talks and European risk, while New Orleans activity fueled a late advance of 12 to 15 points. sales were around 300,000 bales.
The Washington Post reports a slow stock market day as bear and bull factions disagree on direction. Amalgamated Copper moved in a wide range, while the Gates crowd pressured Southern rail stocks and Atlantic Coast Line rumors revived.
At yesterdays opening the Washington Stock Exchange announced the death of Berlah Wilkins. A committee of five will draft resolutions of respect. members C. Glover A. K. Parris C. J. Ben and J. Stellwagen and the president were named. Wilkins joined October 4, 189? and was known for kindness to younger members, last visiting three years ago. The note closes with a look at market summaries including butter cheese flour and metals.
Baltimore markets show a quiet end with receipts and exports steady. Wheat prices stay largely unchanged with No 2 red Western near 97.07 and July around 86.4. corn and oats mixed, butter and cheese steady, sugar firm at about 6.80 to 6.90.
A New York stock tax case begins with the arrest of Stamford broker Albert J. Hatch for allegedly selling stock without a bill of sale or transfer tax payment. The filing argues unconstitutionality and due process issues, while Hatch is held for court after preliminary examination. Meanwhile, roughly 60 million dollars of Japanese imperial bond proceeds remain deposited in New York banks awaiting eventual withdrawal.
A dialogue recounts James V. Dignowity viewing Tom Laveson's wooden pistol imitation of a Colt. The piece recalls New York financiers and Wall Street bravado, noting forged nickel finish and a Texas/Mexico contrast, with a digression on dueling and long-distance disputes.
Totemism appears across diverse peoples including Alaska natives Ojibway Samoans Australia Africa and India. A totem serves as clan badge family signal religion and social regulator, with beliefs in mutual aid and protective powers, plus strict rules about transgressions by individuals and consequences within clans.
New York receipts show light trading across calves sheep and hogs with prices mostly steady. calved dressed at 36 cents per pound. Chicago cattle and hog markets report steady demand with steers 40 to 66.25, heifers 40 to 55, calves 3.00 to 8.50, hogs 26,000 head and steady.
The Richmond visitor argues the Dismal Swamp lies well above ground level, not a sunk bog, with green juniper and cypress woods. The swamp forms peat from fallen trees, has no miasma, and its juniper tinted waters are said to have healthful, sanitary qualities attracting ships and locals.
A New York Press feature notes Harry Lehr began a self made scrapbook collecting every paragraph about him as a social fixture. The piece cites others in society adopting the fad with journals sending advance notices to named individuals.
At a recent religious body convention the closing session faced a shortfall of about $1 for a designated purpose. A brother rose and offered to start the fund with $28. The chairman blessed the gesture, but laughter erupted as a fellow attendee whispered that the speaker was Mr. Blank, a prominent undertaker in town.
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