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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 09, 1908
Page
5
Stocks hold firm at close with a steady advance in prices as bonds and shares participate in the general rise. Foreign markets show irregular movement while sterling exchange is somewhat higher. Prescient's message yields little impact on quotations.
Special to The Washington Post reports traders knew the President's message in advance. Many bought stocks before its publication hoping for gains, while market moves followed later with gains led by Harriman issues and United States Steel amid speculation on railroad executives and Wabash sales.
Washington stock quotations provided by Thomas J Hume and Company list trades at midday with figures for Capital Traction Washington Railway and Electric Streetcar line sales prices 48 11 percent notes and other prices including 85 86 and 50 86 percent figures and 1000 unit sales with varying denominations.
The New York cotton market closed barely at ends amid weakness and late liquidation. Opened steady with minor moves, most prices slipped as Wall Street liquidation pressured cotton and only a few gains appeared briefly before fading. The day saw about 200,000 bales traded and sellers remained cautious into the evening.
New York reports steady receipts with mixed cattle and hog markets. London metals drift, copper and lead unchanged. local copper, wax, and casting prices noted. Hood's Sarsaparilla advertised as a health tonic amid market chaos.
Wholesale quotes for nearby lanes in Virginia West Virginia and Tennessee list renewed prices for dairy meats and produce. Fresh arrivals of fancy goods hold firm as markets show varying demand for live poultry eggs vegetables and fruit with notable price points across oysters?
Better feeling in the local stock market was apparent at yesterday's exchange session. Trading showed broad activity with a large share of investment buying. Property sales included 1871 V Street NW in Washington Heights, a twelve room stone and brick home bought for $3,000 by a purchaser represented by Chesley & Chesley, to be used as a residence by Dr. W. Evans.
White choice cattle active while other grades are dull. Lambs sell well when choice. demand strongest for better grades. Cattle extra prices per cwt around 4.75 to 5.25 for butcher cattle. hogs mixed with certain range. Sheep prime prices 3.00 to 3.09 per lb, common 2.00 to 2.50. Cows priced from 7.00 to 36.00 per head, old and dry 10.00 to 15.00.
Trading closed firmer after morning weakness in wheat on the Chicago exchange. December delivery slipped to near 1.0 to 1.08, with May around 1.08. Corn and nuts steadied as losses trimmed, while government data showed a larger world wheat supply than a year ago. Receipts totaled 4,000 cars, with Minneapolis and Chicago plants reporting varied arrivals.
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