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This newspaper page contains 18 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Apr 17, 1908
Page
17
New York April 18 market report shows uneven activity across bonds and stocks as investors weigh professional-origin news and regulatory factors. Banks gather cash while gold flows to Paris, with prices fluctuating and several issues reaching higher levels amid cautious trading ahead of the holiday period.
A detailed transcript covers bond issues including Pacific Rail and various lines, central and general fund statements, and Treasury balances. It blends New York bond market notes with overseas tin and metal prices, and local commodity quotations in oil, copper, lead, and agricultural products, reflecting a busy financial day with multiple securities and market signals.
New York April 16 Money on call easy at 11 percent ruling rate 1 percent closing with 1 percent offered at 3 percent Time loans dull and easy sixty days 234 to 2 percent ninety days 2 to 3 percent per call six months rate to 3 percent Prime mercantile paper 4 percent Sterling exchange firm with actual business in bankers' bills at 4 87 20 to 4 87 25 for demand and at 4 88 754 to 4 88 0 for bill Commercial bills 4 4 4 for silver 547 percent Mexican dollars Government bonds steady Rail road bonds firm.
Chicago April wheat closes strong amid small Argentine shipments and weak world supplies. May wheat opens higher, then dips, finishing near the day’s highs as futures reflect tighter old crop conditions. Corn and oats show mixed moves while hogs, lard, and provisions rise on smaller livestock supplies. Local receipts and holidays limit activity with exchanges adjusting for Good Friday.
Special to The Washington Post. April 16 report notes thin bids on Atchison and Southern Pacific despite strong intraday moves. Union Pacific pricing rumors surface with claims of Harriman supporters, while actual bids lag. Bond market activity centers on financing plans for Union Pacific and Mexican National Railways. Easy money persists with banks showing a $10.9 million five day cash gain and two $11 million gold export shipments announced.
In a volatile session on the stock exchange National City shares moved up from 135 to 140 with quick acceptances and renewed bids, while Capital Traction weakened to 113 and Washington Railway Electric rose to 74 1 2. Mergenthaler traded heavily around 193 1 4 as market activity persisted ahead of next sessions and deliveries.
Market snapshot shows poultry and eggs steady to firm with receipts and regional demand in flux. Butter and refined products hold steady. flour exports rise modestly. meats, fats, and molasses report quiet trading. Cottonseed, turpentine, and rosin steady. coffee quiet with Rio and Cordaya quotes. Potatoes, cabbage, and vegetables show sparse but steady activity across locations.
New York grain notes firm spot for No 2 red wheat on high receipts with modest elevator bids and downward pressure from Argentine exports. Corn receipts rise with small, quiet futures activity. May and July futures shown as unsettled with light demand. Soybeans mixed as arrivals and export activity influence bids while parity and offshore factors weigh on prices.
Seremiah Cullinane sold through Moor & Hil the three story brick residence at 1108 New Hampshire avenue at the intersection of New Hampshire avenue Twenty second and L streets. Stone Fairfax report sale of a two story bay window dwelling at 1509 R street northwest with eight rooms and 18 by 95 feet frontage. E L Goldsborough bought a Chevy Chase tract of 187 feet in Melrose street to back to Chevy Chase Club. he will build a residence. Clark purchases lot at Connecticut avenue and Irving street Chevy Chase with plans for a home. A building permit issued to Mrs A P Gorman for a residence at Vermont avenue and street northwest. Kennedy & Cavis obtain permit for six three story brick houses at Lamont street northwest. Sonnemann arch planned the buildings.
Bixon & Co haberdashers on Fourteenth and L Streets were ordered by Chief Justice Clabtugh to show cause May 6 why they should not be adjudged bankrupt and a receiver appointed. Involuntary bankruptcy filings were brought against R J Hunter trading as Bryan & Co 96 by Lord Taylor James R Weiser and Keys & Lockwood all of New York alleging act of bankruptcy March 16 198? by transferring property to a creditor Virgoe Mulcieton Co. An application by William Keys for a receiver was added. The assets exceed 1000 and creditors claim growing losses with no accounting, as a sale of Blawlhack proceeds daily amid ongoing suits and unresolved judgments.
A government request to United States attorneys across districts directs them to report any railroads or lines believed to transport common commodities restricted by law. It seeks names of railroads, the nature of commodities, origin and extent of involvement, and any charters or special acts governing those corporations.
Wiel to The Washington Pot Pusines Apel i -Srycht resumes after the steel wars with new com mission assignments. Workers return to Glass Rooms as production improves by four percent. Forty nights of lighter strel finances and three plate mitts underway. Rumors say the Steel Corporation faces collapse while blast furnace operation resumes within three weeks.
A meeting of producers from the Eastern Central West Southern and Virginia districts discussed pig iron prices. After full discussion the consensus was not to change present prices of foundry iron. Representing parties from several districts attended the session and the overall view supported price stability.
Grain and commodity notes show unchanged and firm trends across corn and flour receipts with mixed weekly barrel outputs. Spot wheat and white corn prices mix with Southern yellow corn steady while domestic oats and butter firm, cremes steady, and sugar unchanged amid varied shipments and exports.
Live cattle steady to fir m with prices around 14 per pound and 200 head sold. calves weak, 99 head receipts. Hog and sheep numbers large with hogs steady to higher and sheep strengthened, total receipts near 3,556 cattle and 7,000 sheep reported. Boston and Chicago markets show similar firming trends.
A governor’s ruling addresses multiple varieties of cattle feeds and their labeling. The decision outlines requirements for product ingredients and safety standards guiding producers, distributors, and retailers within the state, aiming to ensure animal health and proper use of feeding aids.
Fragmented OCR text references a law named Profit by Exclusion Act or similar, mentioning Austin and China context with unclear dates. It appears as a garbled legislative note, outlining financial or tax topics and potential entities like Pederah or Wanati, but key facts are unclear.
A fragmented court record notes disputes involving a restaurant on G Street and a company associated with Hungis. The case touches on financial obligations, insolvent claims, and management concerns raised by justice officials.
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