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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 07, 1909
Page
37
The market opened firm and maintained gains throughout the day with broad participation across active stocks. Analysts attributed the strength to improving business activity, anticipated war-related tariffs, and the nearing possibility of tariff measures, though some uncertainty remained about congressional action.
New York reports a brief stock decline of about 24 a share, with few investors profiting. Traders missed the hold and foreign buyers were cautious as sentiment mixed on tariff effects and railroad and copper stock movements.
Trading on the New York Stock Exchange and allied markets shows unchanged quotes with a note that major listings retain similar parity to prior sessions. Banks and brokers such as Hibbs and Co and Live Hithe Mulkling appear among active participants on the floor.
The Baltimore Treasury bulletin notes weak spot wheat and unchanged grain freight, with No 2 red receipts and port shipments cited. It records mixed corn contracts, cotton supply signals, and world cotton figures, including columns on United States and Europe demand and a listed world visible supply of cotton totaling 7,255,490 bales with year over year comparisons.
The front prints scattered stock quotations from Washington markets listing numerous issues by name with price indicators. It includes references to Washington Railway, Potomac Electric, and Dominion systems, alongside banking and trust stocks and various commodities notes, all shown as partial OCR data with irregular formatting.
Disjointed data from the New York cotton market shows erratic moves after a sharp fall, with prices slipping and some gains in later sessions. Reports indicate varying weather patterns and overseas factors influencing futures, while regional export notes and port activity hint at mixed demand signals.
Aus &-R G Don & Co reports a broad revival in trade with no major obstacles after tariff legislation passed. Steel and iron demand rises while dry goods demand expands among Western distributors. Cotton goods markets fluctuate with government data, and leather and index markets adjust to new tariff rules. Fears of a slowdown ease as buyers show greater freedom and producers expand output in anticipation of continued growth.
A fragmented New York market note lists assorted produce and grain items with irregular OCR readouts. It cites prices, shipment counts, and averages for peaches beans wheat and other commodities, mentioning August dates, states, and regional trade terms amid a mixed, unreadable column of figures.
Lawmakers plan a Panama Canal trip to inspect estimates and the canal commission. They will review costs and consider centralizing zone government to save money and curb waste while pressing for a fuller audit of expenditures and labor relations.
The London market eased after a fall to £132 17s 8d for spot and futures, while New York spot copper traded around 9 20s 20 35d. Copper on the New York Metal Exchange saw limited activity with December deliveries at 12.00, and various futures quoted near 12 50s to 12 60s.
Subsidiaries in Wisconsin and Kansas merge into the Missouri Pact Railway Company after a special meeting. The consolidation, valued to capitalize at 4000 in stock, includes a mortgage of 50000902. Funds will cover outstanding debts. secretary and treasurer Usher Deers represents New York town interests.
Montgomery county Republicans will hold a meeting tomorrow to select nine delegates per precinct for the county convention next Thursday. At the convention delegates will be chosen for the State and judicial conventions, a new county committee will be elected, and candidates for offices to be filed this fall will be nominated.
Tidewater shipments by railroads from West Virginia during June totaled 174 677 tons, up from 1 63712 tons a year earlier. For the April 1 to June 30 period the quantity reached 4 96067 tons versus 4 40067 tons in the same months of the prior year.
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