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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 02, 1904
Page
12
In a brisk opening trade on December 1 New York stocks rose with gains spread across high grade issues and less-tried shares. Traders noted absorbing of the junior Vanderbilts aided many names as cotton and road stocks showed support while market breadth remained uneven and cautious.
The Washington Stock Exchange listing shows bonds and debentures from Washington Gas, United States Electric Light, and other local entities with bids and prices. It also reports closing quotations for other regional securities, major banks, and rail stocks, alongside agricultural futures and commodity notes.
A jumbled OCR like sprint through stock data shows mixed figures, tickers, and stray phrases. The fragment hints at market activity, prices, and company codes, but contains numerous unreadable sections and scattered names.
Trading in Minneapolis and Chicago shows December wheat at low levels as May and December contracts move lower amid weak trading, shrinking demand, and large carryovers. Cotton suffers a sharp drop with New York futures near session lows, driven by poor English demand and bleak Southern crop estimates.
New York market data shows mdg net and gross figures across ports including Galveston New Orleans Mobile Savannah and Charleston with varied sales and stock levels. Reports list Great Britain France and Japan trade activity and totals by port while noting export additions to exports such as at Savannah and Augusta and overall net figures for the period ending December 1.
New York market items show firm to steady readings across commodities including butter, cheese, flour, hides, wool, and cottonseed oil with several items noting quiet or steady trends. Copper and metals traded in London pricing, while local markets remained firm as outside prices rose. a December closure is noted for pork products and various staple goods. A brief note mentions the Million Dollar Trust Company incorporating United States Bank and Trust Company of Chicago with a $1,000,000 capital.
Local financial gossip reports Greene Copper trading actively with about 1,600 shares at 4 1 8 and a 4 price touch, others like Washington Railway and Electric and Capital Traction show firm demand. Bonds, bank shares, and gas stock moves noted, with various lots exchanged and prices quoted across multiple securities.
The November 30 194 debt total stood at 989 240917 million excluding cash, up 2 459 265 for the month. Breakdown lists interest bearing and non interest debts, with cash reserves and bank deposits totaling 1 406 519 931 against liabilities of 111 317 273 leaving 293 344 563 cash. November receipts reached 346 576 877 and expenditures 969 75 457, creating a deficit of 412 067 0. The report covers bank circulation up to 460 679 075 with bonds on deposit and mint coinage for November totaling 9 60 811 pieces.
A London and Paris exchange mediation meeting was held as a London brokerage firm with liabilities of 1 125 000 expects to resume. The manager said 600 000 is enough to reopen by December 6 after securing 340 000, with immediate needs about 423 000 and total liabilities around 1 250 000. The suspension did not affect market but drew interest due to thousands of investors who used their savings. Some 30 clerks worked for the exchange, with about 50 000 customers affected.
New York market shows mixed results with cattle, veal, and dressed beef steady to firm. Sheep and lambs and hogs show varied demand. Western cattle strong, hogs higher, veal prices steady, and overall receipts totaling around 11000 cattle and 40000 hogs with regional variations.
Baltimore markets note dull flour and stable wheat with steady spot contracts. Corn shows mixed activity and steamer cargo receipts. oats and rye hold firm levels while grain freights remain quiet. Bond sales include Illinois Central Mortgage issue and Southern Pacific stock payments finalized in New York.
The Weather Bureau’s November summary notes a mild dry month overall with scarce rainfall harming fall sown grain and plowing. Drought is severe in the Ohio Valley and reported in Southern California. corn husking via favorable conditions, while winter wheat suffers across much of the belt. Hessian fly damages early sown in Nebraska and Missouri. Kansas, Iowa, Illinois show good prospects. Atlantic states report favorable conditions overshadowed by moisture gaps. Cotton picking largely completed in southern areas.
Fall River Mass December reports show four months of conflict between cotton manufacturers and union workers growing acute. Mills reopened for the third week after a sixteen week shutdown. Nonunion workers flow back while unions hold out as manufacturers predict weariness through winter. The unrest draws aid from other mill towns amid fears of wage cuts across northern cotton industry. A $1735 check arrives for the textile council from the Brotherhood of Painters and Decorators in Fayetteville Ind.
Memphis Morning News sold by Memphis News Publishing to Gilbert D Raine who will be editor in charge assisted by United States Senator E W Carmack. New management plans afternoon edition and a Sunday issue as part of the transfer. A Milwaukee judge sentenced ex alderman William Murphy to one year hard labor for bribery tied to a side track ordinance. Gallimore and Return $1.25 via Pennsylvania Railroad, Saturdays and Sundays.
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