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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 05, 1908
Page
9
A sparse financial day with little hard news, yet Stoges Wabash leads early gains while overall turnover stays modest. Traders note mixed buying, with speculative activity and several large operators driving prices, though closes show no clear edge.
Markets closed with Amalgamated Copper and steel shares among leaders. Reports show mixed price moves across rail and industrial issues, with treasury activity and commodity notes reflecting wartime era volatility.
Trading on the Washington Stock Exchange surged with stronger activity in Washington Railway and Electric Company, Capitol Traction, and related bonds. multiple property deals reported, including six houses on Garfield street for $2,500 each to A. R. Townshend, Carroll N Beale estate near Takoma Park for $20,000 to R. A. Miller, and other parcels in Abovostia and Clarendon. Building permits in November declined by $213,410 versus October, with 89 dwellings valued at $3289,30 and 4 apartment houses valued at $11, GH issued across the district.
Quotations from the Washington Stock Exchange list regular and after call prices across railroads banks utilities and miscellaneous issues. Names include Washington Railway and Electric Potomac Electric and several Met and trust stocks with varied bid and ask figures, reflecting market activity on the day.
Washington produce market reports wholesale prices for various goods including butter poultry and dressed meats. The itemized notes reference fancy Virginia and Southwest Virginia consignments, chicken ducks and turkeys with per pound prices, dressed poultry and regional vegetable and fruit receipts and steady markets for staples like corn and flour with mixed signals on certain commodities.
Baltimore markets show dull wheat with lower spot prices and mixed grain futures. Corn and rye trade under pressure while hay remains firm. butter holds, cheese steady amid unchanged freight rates.
Listings show mixed commodity quotes for cattle hogs and sheep with unclear grades and units. Prices appear garbled for tambs shen choice cattle hogs and lambs, with inconsistent per cent and per pound indicators and numerous typographical errors.
London tin and copper eased while lead and zinc held steadier amid a dull local market. Spot tin dropped near £131 with futures around £126, copper slipped to £62 spot and £63 for futures, while zinc and lead showed smaller moves amid general market softness.
Special to The Washington Post reports Wall Street traders surprised by a price rise despite broad expectations of a decline. Great Northern and Wabash led gains while market sentiment stayed cautious amid rumors of large buyers and suspected manipulation. Delaware, Lackawanna and Western and Wabash traded strong with ex dividend effects noted, as speculation swirled over potential railroad acquisitions and transpacific trade prospects.
New York reports colder weather boosts retail demand for merchandise and holiday trade, with progress noted though assortments remain cautious due to dealer stock shortfalls. Industrial activity stays steady outside regions affected by water supply, with shoe factories and woolen mills facing material bottlenecks. Cotton goods demand holds, prices are expected to rise, and export trade lags amid low silver mood.
Chicago grain markets showed modest support for a weak session with wheat and corn ending near unchanged to slightly higher. December futures rose to 61 1/2 while May and July wheat posted gains amid slow selling and solid cash demand. corn registered light activity with December delivery steady and soybeans quiet.
Receipts and prices vary as buyers and sellers react to cattle hogs sheep and veal listings. Steers bulls cows and dressed beef show gains in parts while hogs remain weak in some markets and steady to higher in others. Lambs and lamb pricing show mixed results with some declines and others steady to stronger in the current session.
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