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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 07, 1909
Page
11
The market opened firm and maintained broad, strong activity through the day. Traders cited increased business in industry and growth in commissions houses as supporting factors, with tariffs and peace progress affecting sentiment but not reversing the upward breadth.
Free trading activity eased prices on New York markets with declines of about $24 a share brief but sharp while London markets supported some gains. Reports noted rail equipment orders rising and copper stocks advancing, with tariff news shaping sentiment and crop yield expectations guiding corn and wheat outlooks.
New York stock market notes on Friday August 6 1909 show quotation levels holding steady with no net changes in key listings. Traders at Hibbs Co and Mulkling & Co report stable bids and offers across major shares as market activity lags into the weekend.
The report surveys a chaotic market with notes on wheat, corn, and hay futures, showing weak spot contracts, fluctuating percentages, and varied receipts. It details cotton supply, world stocks, and international demand with figures for American and global totals, referencing ports and dates.
Washington market listings show mixed activity with Regular car and key issues trading at varied levels. Transportation utilities and industrials including Potomas Electric, Washington Railway, and Dominion lines reflect notable price shifts, while livestock and agricultural items dominate the afternoon board.
New York cotton markets show price movement after a sharp session with limited gains, traders noting supportive but cautious tones. The weather outlook remains mixed with varied temperature readings and rainfall affecting futures, as reports indicate ongoing price volatility and a broad trading range in early sessions.
Aus & R G Don & Co review reports trade expansion across iron and steel markets amid tariff passage. Demand rises for mill production and machinery while dry goods, retail and leather trades show activity. Fears of price shifts in cotton goods persist as shifts in imports and exports influence markets.
Fragmented OCR listing varied produce items and prices from New York markets. Mentions include beans, poultry, wheat, oats, and flour with scattered figures like 12405 and 29830, plus references to seasonal terms and regional supplies. The text blends outdated spellings and partial numbers, reflecting a busy market snapshot.
Lawmakers plan a Panama Canal inspection mission to Panama and New York hearings to review canal expenditures and the zone government. Representative Tawney says the trip could curb spending, improve oversight, and counter demand for higher wages while preserving army engineers control. The plan follows past savings and aims to centralize management amid ongoing construction.
The London lin market eased to around £132 17s 8d for spot and futures while New York copper activity stayed quiet. In London dealers noted softer tones with limited spot sales and the New York Metal Exchange showing December delivery around 1300.
St Tome August 6 Missour Pact Railway Company consolidates all subsidiary lines into the Missouri Farm Railway Company to capitalize at 4000 in stock. A mortgage of 5000 will fund outstanding debts. Secretary treasurer Usher Deers of New York was the lone local attendee. representatives came from Wisconsin and Kansas.
Montgomery County Republicans convene tomorrow in each precinct to elect nine delegates for the county convention and a district committee of ten per precinct. The county convention will select delegates to state and judicial conventions, elect a new county committee, and nominate candidates for offices to be filed this fall.
Tidewater shipments by railroads from West Virginia in June totaled 174,677 tons, down from 1,637,12 tons the previous year. April 1 to June 30 shipments reached 4,960,067 tons, vs 4,400,067 tons in the same period of 19%.
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