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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
9
Market and bond trading showed strength in New York as professionals cited renewed demand. Banks hoarded cash while gold and other bonds drew heavy interest amid a tentative outlook for post holiday sessions and renewed market volatility.
The article reports on the New York bond market with a focus on securities from various railroads and industrials, listing prices for bonds and certificates. It also covers commodity prices from London and New York markets, including metals, oils, and agricultural goods, with reference to Treasury holdings and financial figures for April 16, 1908.
New York money market shows call money at 11 percent with closing around 1 percent and offers near 3 percent. Time loans dull, sixty days 2 1 to 2 3 percent, ninety days 2 to 3 percent, six months up to 3 percent. Prime mercantile paper around 4 percent, sterling exchange firm with bankers' bills quoted. Government bonds steady and railroad bonds firm.
Wheat rose as small Argentine shipments supported futures and cash markets. May delivery climbed while later losses trimmed the gains. oats and corn showed mixed moves as market sentiment shifted on rainfall reports and harvest expectations. Provisions held firm on smaller livestock receipts with hogs and lard higher. Local and national markets closed mixed with futures near sessions.
Special to The Washington Post reports a noon trading session where Atchison and Southern Pacific showed weak demand while rumors swirled about Union Pacific reaching high prices. The piece notes widespread manipulation hints, bond offering plans for Union Pacific, and shifting investor focus from high grade bonds to lower grade issues amid loose money conditions.
Stock exchange activity shows National City Bank stock rising after two offers at 140, with 45 bid later, amid speculation of a bank deal with a savings institution. Capital Traction declines to 113, Washington Railway and Electric preferred up to 7 1/2, mansion shares shift hands around 19 1/4 to 19 1/2, Gas stock firm at 61 with 100 shares traded. Minor Merghenthaler selling noted. market observers doubt immediate policy changes. exchange sessions continue into Monday. some board members take three day vacation. deliveries will proceed on yesterday’s trades.
Prices and receipts for poultry butter eggs flour meat and fibers show firm egg demand with 38,724 receipts and steady pork tallow and cottonseed values. Freight rates to Liverpool mild. Bermuda potatoes new crop quoted per barrel with Western bulk and Jersey baskets in trade.
Grain receipts firm for corn and wheat with No 2 red and white varieties quoted at modest gains. Spot soybeans mixed as elevator demand steady. futures options show light activity and cautious stance amid export activity and monitored overseas demand.
Seremiah Cullinane sold the three story brick Gen Sawyer dwelling at 1108 New Hampshire avenue Torghwegt through Moor & Hil. Stone and Fairfax report sale of the two story bay window at 1509 R street NW. E L Goldsborough buys a Chevy Chase frontage lot on Melrose street to build a residence. James J Clark plans a home on a lot at Connecticut avenue and Irving street Chevy Chase. A building permit issued for a residence at Vermont avenue and street NW. Kennedy and Cavis Co approved for six three story brick dwellings on Lamont street NW with Sonnemann as architect.
Judges ordered creditors and firms including Bixon & Co haberdashers and Virgoe Mulcieton Co to show cause May 6 why Bryan & Co should not be adjudged bankrupt and a receiver named to take charge. Involuntary bankruptcy proceedings filed by Lord & Taylor James R Weiser Keys & Lockwood claim act of bankruptcy on March 16 198j by transfer of property to a creditor.
A fragment notes officials directing United States attorneys to report on railroads and shipments considered contraband. It outlines to identify railroads or conveyances involved, the commodity nature, origin and extent of transit, and any corporate charters or special permissions relevant to the case.
Reports indicate Wiel and The Washington Pot Pusines Apel resume operations as steel mills return to full staffing. At Homisteid Steel, four percent gain over prior output is noted while forty night shift lines operate. Three plate mills restart for ambitious mash processes amid ongoing rumors of a halted Steel Gorpation. Officials say blast furnace operations may extend to three weeks before full readiness.
A April meeting of pig producers from Eastern Central West Southern and Virginia districts discussed foundry pricing. After full talks the unanimous view was that current prices for foundry products should not be changed.
Reports show mixed grain quotes with Southern yellow corn and white corn holding steady and other grains like oats and barley displaying unchanged trends. Butter and creamer products remain firm with creamery butter fanciness noted, while general storage and shipping terms reflect stable domestic markets.
Live stock markets show firm or stronger tendency across cattle calves hogs and sheep with receipts in the thousands. Cattle and calves steady to firm with varied per pound quotes and feedlot values, hogs steady to higher on demand, and sheep and lambs showing strength in prices with active sales and consignments reported.
A court ruling discusses cattle feed and farming operations with details on permits, crops, and potential penalties. It references farm equipment and regulatory actions affecting dairy and poultry suppliers, and outlines conditions for compliance and enforcement.
Fragmentary OCR text references complex legal and political actions involving the Wanati Austin Pex, the Pedera h vathou, and China with mentions of tariffs, weights, and monetary units. Names and places are unclear. the passage seems to describe a government or international policy measure and its intended economic effects.
A court action targets a restaurant group tied to ownership disputes. Officials allege mismanagement and improper conduct by a general manager. The case centers on a restaurant on G Street and involves a company tied to Hungis, with the floor and operations under scrutiny.
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