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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 10, 1910
Page
27
The Washington Post reports stocks rise on favorable Temple Iron Company decision, improved investment demand, and a softer sterling, with Northern Pacific shares advancing despite a negative earnings snapshot. A stronger cotton outlook and anticipated gold imports further buoy markets as bond trading picks up.
New York bond market notes list numerous issues across railroads banks and manufacturers. Highlights include American Tobacco 4s 80, Central Railroad of Georgia 54, Southern Pacific 45, Union Pacific 4s, General Electric and Westinghouse Electric stay listed with varied quotations. The text appears as a dense OCR summary of price quotes and issuer names for several securities in one trading session.
Trading notes show regular noon call with various stocks and prices including Washington Genes at 400 to 200, Washington Gen 5a at 286 108 percent, Cap Traction R R Ss at 118 to 113 percent, Worth Ry and Elec 40 500 at Dah, Potomac Leo Cons per cent at 9916 99, and Capital Traction at 126 percent. Closing prices list Atlantic Boston and Butte Coalition Centennial Copper Range and several mines such as Mohawk Nevada Consolidated Nipiasing Mines North Butte Shanon Utah Copper and ex dividend details mentioned.
The U S circuit court ruling in the Temple Iron case spurred a broad stock market rise in New York with notable strength in the railroad group. Northern Pacific October earnings fell, but markets closed higher while traders eye gold imports and a coming London gold flow. The New York Stock Exchange will be closed December 24 and 31 for holiday observances.
Securities listed including Washington Gas and Capital Traction moved modestly amid small volume. Gas shares traded around 109 3 4 with odd lots at 108 3 4, bonds steady near 110, while Mer genthaler ex dividend at 216 and Capital Traction edged through 113 1 2.
New York stock market wholesale quotations list scarce fresh eggs but firm prices for fresh fruits and vegetables. Charges include poultry and game items with varying per pound or per basket rates, plus green fruits and canned items. Total sales day 630,900 shares.
New York grain reports irregular wheat with No 2 red at 96% elevator and 97% afloat, corn steady with nearby futures barely higher or lower, oats steady with little action. Receipts and shipments noted, December contracts closed lower for wheat and mixed for corn futures amid liquidations and buying by large interests on crop concerns.
A Rush of orders for rails boosts metal demand while high raw material costs slow cotton goods and yarn markets. Men's wear stays in moderate demand with spring reorders possible at small price rises. Shoe trade shows some improvement but remains below normal. leather and hides markets stay weak. Bradstreet notes U S business failures for the week at 267, down from prior weeks.
Sensational advance follows the government's crop estimates with May contracts surging to 15 50 and then rallying to 16 20 before settling near session highs. Gains of the day reflect bullish buying as traders digest the season’s projected output of 31 426 100 bales and reinvest in futures.
Live stock markets show receipts in New York and Chicago with mixed prices. Beeves肉 cattle and hog values rise slightly, calves steady to strong, sheep and lambs higher, Western and native sorts quoted with range figures for each category.
New Orleans reports the world's visible cotton supply at about 4,616,226 bales this week, up from 4,299,214 last week and 4,708,579 a year ago. American cotton totals 3,756,498 bales, higher than last week, with Egypt, Brazil, India and others contributing 890,000 bales. Britain and continental Europe hold 23,943,000 bales, India 241,000, Egypt 263,000, and the United States 1,799,000 bales this year versus prior periods.
In New York and Detroit markets receipts and prices show steadiness in butter, creamery products, and cheese. Poultry supplies include live chickens and fowl with mixed price indications, while flour, beef, and lard remain steady or unsettled. sugar and shell nuts hold firm with limited shifts. cotto n oil and tobacco items show varied futures with minor movements.
New York copper prices ease with spot at 12.20 and futures around 12.25 to 12.40 for December to March. London quotes firm at £56 16s 3d spot and £67 1s 4d futures. Iron locally unsettled with No 1 foundry Northern at 18.25 and 16.25 for other grades. imports and exports per customs noted.
Baltimore markets show wheat steady for spot contracts at 9544, corn steady at BG for new contracts, oats steady No 1 white at BA ISX, and rye firm No 2 Western domestic at s6 3s. Market notes reflect firm demand and steady spot levels across commodities.
Oil quotations show City Pa December credit balances 130 daily runs 158526 average 774907 daily shipments 256223 average 16724 Toledo Ohio December North Lima 8 percent South Lima 77 Indians 77.
Cattle market summary notes veal calves steady while hogs, sheep, and calves for slaughter show varied pricing. Fragmented quotes indicate per hundredweight and per pound figures for spring offerings and different class grades, with unstable values across hogs and cattle.
D Benner leaves Michelin for Century Rubber Trading and will be in Washington briefly to advise on tire care including keeping out water from casings. Firestone and Buick executives discuss winter tire maintenance and vehicle performance in snow. A New Year’s Eve Ford century run in Chicago is highlighted with past details of winter driving conditions and car preparation tips.
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