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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 21, 1908
Page
34
Market notes show renewed rumors and a price drop in Rock Island issues causing a broader selling wave. New York Central fell back to par amid hopes for stop loss orders that did not materialize, while gains in Southern Pacific and Union Pacific offered some counterbalance.
New York August 20 metal markets show declines in London prices for copper tin and lead while gold and iron rise elsewhere. Local spot copper and lead drift dull, with varying futures. Iron and foundries hold steady with no major domestic shifts as buyers pause amid weaker demand.
New York money on call easy at 41 percent with a 1 percent ruling rate. Closing bids show dull activity on short term bills 60 days at 2 1/4 percent and 90 days at 2 1/4 percent. Prima-money paper at 3 1/2 percent. Sterling exchange steady with bills offered at 4.90 for day and 4.86 for delivery. Government bonds steady. railroad bonds show irregular activity.
Special to The Washington Post reports that a cotton market break influenced stock trading, with bull pool traders cutting lines and some leaders exiting stocks. Bearish pressure from professional traders and heavy borrowing or distributive sales affected Union Pacific and Rock Island. Despite declines in New York Central Reading and Union Pacific, later rallies aimed to cover shorts, while steel demand and corn crop outlook offered some support. News on retirement plans for Southern Pacific preferred stock also circulated, with speculative schemes noted.
Yesterday's local stock session showed lively bidding with a call for Washington Railway and Washington Gas. The president of the traction company stated dividends would be paid within a year, prompting bids and a rise in several preferred shares. Washington Railway and Columbia Railway saw price movements as fire and title insurance stocks finally updated with new bid and asked figures.
The Washington Stock Exchange report lists noon quotations for Columbia Haiti land, Washington Railway and Electric, its preferred, Warrington Gas, Second National Bank, and Merchants and Mechanics Savings Bank with prices or rates such as 1,900 last for Haiti land, 10 at 145 13 for Second National Bank, and 1 at 140 for Merchants and Mechanics Savings Bank. The feed covers regular call times and current bid figures for multiple securities with brief entries and fractions.
Wholesale prices quoted for fresh stock in light supply with assorted regional receipts. Markets show firm live poultry with mixed demand, heavy fruit and vegetable offerings including apples, pears, peaches, melons, and berries, plus steady butter and cheese prices and varied meats and grains across New York listings.
Wheat receipts and exports quoted net totals for the day with September and December futures firm, while corn and oats rose on short-covering and demand. Local cash markets showed strong bids for No. 1 hard and a higher price for new No. 3 spring, amid tight supply and export activity.
Market notes show receipts and prices across cattle hogs and lambs with steady to firm tone. Cattle and hogs demand steady with varied weights and grades. veals and calves mixed. lambs and sheep prices mostly unchanged amid healthy receipts.
The New York cotton market faced a volatile session with a sharp October drop and heavy selling by bulls. Prices tumbled about 60 points from the prior close, with estimates of roughly 400,000 bales traded and bulls unloading large blocks as markets weakened through the afternoon amid drought fears and demand concerns.
An OCR noisy notice lists cattle market rates and terms such as ewt prices and per pound quotes, with scattered fragments resembling cattle and sheep pricing, but the text is largely unreadable and fragmented, offering no clear actions, dates, or entities.
Federal jurisdiction extends to the Southern Indiana Railway through a receiver appointed by Judge Kohisaat in the United States Circuit Court. M. J. Carpenter, ex-president of the Chicago and Eastern Illinois, will serve as receiver after a petition by First Trust and Savings Bank of Chicago. The action stems from failure to meet 135,000 dollars interest on bonded debt amid broader ties to John R Walsh enterprises. The 625 miles of Southern Indiana and Chicago Southern roads show assets around 24.33 million and liabilities near 11 million.
Moore and HN report the sale of a three story ten room house at 1143 Monroe Street Columbia Heights to Mrs. Wilhelmina C. Wetzel for 37000. Boss and Phelps sold a new residence at 1452 Park Road to Miss Minnie Hawke for Charles P. Stone with Mrs. Wetzel to reside. Properties include a semidetached ten room house at 1539 T Street bought by Mrs. Elizabeth Thompson for 4000 and a Brightwood Pick corner property at Eighth and Madigan sold to an unknown buyer for 3500.
Special to The Washington Boat reports a bear raid collapsing the cotton pool, Livermore blamed for heavy losses up to 900000 while hedging saved him from worst punishment. Theodore Price and others linked to bear side blamed for the decisive day, with 400000 bales traded and futures plunging across October and August options.
Equity court matters listed include Doney et al versus Thomas. Swan versus Swan. intervening leave granted for Anacostia Brick. United States cases and progress on the Kain versus Garfield filing. criminal case United States versus Quackinbush. probate matters for Hamilton Hermes and Joseph Wand. administration for Charles M. Thomas. various real estate transfers in Columbia Heights, Connecticut Avenue Heights, and Northwest DC. numerous deeds and lot transfers across multiple streets and squares with stated sums.
Deeds of trust filed in Columbia Heights involve Annie B. Adams securing Richard T. Bailey for $2.00 monthly notes at 1 percent on lot 80, Clock 34. Wittom E. Bartmton and Louis R. Peak securing Charles K. Marat for $4,300 at 6 percent on lot 80, Block 31. and more across Langdon Park and Pleasant Places. Several parcels including Waters End and square lots in Brookland and Pleasant Plains show similar trust actions, naming lenders, borrowers, amounts, terms, and property descriptions.
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