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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 21, 1908
Page
20
Reports from New York markets describe a varied session with periods of strength and weakness. New York Central rose to par amid a broader pullback in Rock Island notes, while investors eyed stop loss orders and credit questions amid mixed lumber and cotton signals.
New York stock market notes a broad decline in London metal prices with copper and tin easing. Local spot and futures quotes drift lower across copper, iron, lead, and zinc while electrolytic, crate, and foundry grades show limited activity and dull demand.
New York money market shows calls easy at 1 per cent with bids at 1, opening and closing quotes around 1. Prime paper rates at 3 1 2 per cent. Sterling exchange steady with bills at 4.90 for day and 4.86 for drawing. Government bonds steady while railroad bonds vary.
Special to The Washington Post from New York reports tie the cotton market's decline to stock trading stress. Bulls and heavy borrowing among cotton pool members sparked selling and attempts at short covering, with Union Pacific and Rock Island in focus. Brokers price moves reflect pool positions more than intrinsic merits. outlook cites steel orders and favorable crop prospects.
Yesterday’s local stock exchange session was lively with bids on Washington Gas and Washington Railway. A member stated the traction company would pay a dividend within a year, prompting gains in preferred stock and active trading in rail and insurance issues. Prices moved across several names including Columbia Railway and fire and title insurers, with quotes updated on the board.
Quotations furnished by Thor L. Hume & Co of the Washington Stock Exchange cover regular noon calls. Listings include Columbia Haitland at 1900 last and 500 at 107 percent, Washington Railway and Electric 4s, preferred stock at 10, Warrington Gas with multiple prices, Second National Bank at 145 1/2, and Merchants and Mechanics Savings Bank at 140.
A longtime Washington wholesale market report lists live poultry supply and demand, turkey and chicken prices, dressed meats, butter and cheese steadiness, and varied fruit and vegetable quotations. It notes light fresh stock, firm market tone, and regional receipts from Virginia, North Carolina, Maryland, and Delaware with mixed quality fruit and heavy melons in season.
Wheat receipts rose to 2,700 wash with demand firm in spot and a 1.00% f. o. b. elevator. September and December futures advanced while May eased. Corn and oats saw higher spot/option activity on covering and demand, with September leading gains. profits pressured by realizations late in the day. Primary receipts reached 514,600 bushels with Minneapolis, Duluth, and Chicago reporting cars. Provisions remained firm on January demand from local packers.
Aug 20 New York markets show receipts mixed and steady demand across cattle hogs and lambs. Cattle receipts near 4 000 head with steady prices while hog receipts run around 895 head and porkers fetch about 6 75 to 4 35 per cwt. Lambs and sheep receipts total about 6 090 head with steady to dull demand and fluctuating values. Prices reflect broad stability with slight declines in some fat lamb categories and strong beef values in parts of the market.
The New York cotton market plunged today with October futures tumbling about 60 points from the prior close, amid bear pressure and drought distress in Liverpool. Trading surged to roughly 400,000 bales as bulls dumped large blocks, while late-session cover provided a mild rally before renewed weakness.
The notice lists cattle and sheep pricing by ewt and per pound, with various categories such as ordinary, clipped, and pare ext, including figures like 5.05.25 and 2002.50. It reads as a fragmented ad or market update with multiple garbled terms and stray numbers, reflecting an OCR damaged page. The document aims to advertise market quotes and advertise advertising space.
Federal jurisdiction extends over the Southern Indiana Railway as M. J. Carpenter is named receiver by Judge Kohiassat in U S Circuit Court after bond interest default of 135000. The railroad, part of John R Walsh ventures, totals 625 miles with assets around 24.33 million and liabilities about 11 million.
Moore and Breen report multiple Northwest DC transactions. A three story ten room house at 1143 Monroe Street Columbia Heights sold for 37000 to Mrs. Wilhelmina C Wetzel who will occupy it. Boss and Phelps sold a semidetached residence at 1452 Park Road to Miss Minnie Hawke for her occupancy.
The Washinton Boat reports a severe cotton market break triggered by a bear raid. Livermore, once seen as market leader, faces $900,000 in losses with claims he hedged to limit damage. Prices for October and August options plunged, 400,000 bales traded, while pool holders unloaded across New Orleans and Liverpool. Livermore’s position remains under scrutiny as others deem the corner a failure.
The record lists multiple matters before Justice Stafford across Equity, Circuit, Criminal, and Probate Courts. Doney, Henry Thomas, Swan, Firman examiner, and J. L. Gies appear among solicitors. cases include divorces, adminstrations, partitions, and judgments. Local property transfers at Col Heights, Connecticut Ave Heights, and Mount Pleasant are noted with several lot transactions and bond amounts.
A string of deeds of trust is reported, detailing borrowers in Columbia Heights and LANGDON PARK as they secure varied loan amounts from multiple lenders. Names include Annie B. Adams, Charles P. B. Stone, Robert L. O'Brien, and Leonard R. Vinson, with properties described by lot, block, and street references.
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