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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 13, 1908
Page
37
A Boston August 13 1908 address asserts control over a sovereign corporation named National Stock with unlimited capital and stock, promising to mobilize investors to influence securities values. The speaker boasts influence over banks, railroads, and industries and outlines plans to flood markets with stock to profit from rising prices.
The ad claims National Stock will manipulate markets to crush the System, raise prices, and shift control of major banks and firms to its own stockholders. It urges readers to become stockholders, predicts massive price gains, and describes a plan to create new banks and expand influence across major U.S. markets.
Traction shares moved up with Washington Railway and Electric preferred and common advancing from prior levels. Washington Gas traded around 65 and 612, while Mitchell Mining saw a notable sale of 500 shares in 100 share lots. President McDermott of Washington Railway and Electric is said to be recovering from recent financial strain.
Chicago markets trend lower as wheat drops after a large wheat line unloads pushing September futures down about two cents. Corn weakens with distant delivery and rain in the belt. oats and rye show modest declines amid ample receipts and liquidation.
New York reports receipts of 1 300 head with mixed changes. cattle and hog markets show steady to higher tones. calves, sheep and lambs mixed gains noted. Chicago tallies about 1 700 cattle and 22 000 hogs with steady to lower tone, highs listed and bulk sales emphasized.
In indays trading October cotton surged to 94.3 from 22.2 last night as aggressive buying lifted the market early. Liquidation followed with large selling driving October 10.56 points lower from the high. By close August barely rose 4 and October settled around 9.10. Weather and crop news remained favorable while traders eyed a possible break in Southern spot markets.
An investor urges universal participation in buying "National Stock" with grand promises of safety and 500 to 1000 percent profits. The appeal targets all income levels and boasts control over market power, pledging to extricate wealth from the system through mass advertising and bold stock maneuvers in major exchanges.
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