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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 11, 1908
Page
5
The market shows steady advances in low priced specialties with gains led by notable mid and small cap names. Traders cite a broader freight sector uptrend and the Union Pacific report as factors underlying the steady action amid limited speculative activity.
Washington stock exchange quotations show activity in rail and utilities, with notes on bonds and cotton market buoyancy. The report lists trades and prices for railways, manufacturers, and fills in a broad snapshot of New York and Washington trading, plus livestock market receipts and price ranges.
A fragmented listing from a Washington market shows wholesale prices for poultry meats, fruits, vegetables, grains, and dairy. Entries include hens, turkeys, corn, potatoes, apples, and creamery products with varied per pound and per barrel figures, reflecting a bustling wholesale market snapshot.
New York produce prices show steady to firm values across poultry eggs and dressed meats. Market chatter notes fluctuating wheat and corn futures influencing port and wholesale trade with several named commodities maintaining gains or steady levels amid mixed receipts and demand.
Grain prices in New York edge lower at midday as reports show a brisk cash trade and rising receipts. Wheat futures consolidate while December and May contracts adjust to the afternoon mood amid lighter active trading.
The comptroller notes United States banking power at $17.64 billion in 1908, surpassing 1890 world levels. 33 banks had receivers, 7 wrecked by cashiers or officer defalcations, 4 by excessive loans, 3 by unsound practices, 2 by directors’ loans, 1 by large debtors, and 1 by overall market stringency. 1,826 national banks with varied capital stock and deposits are detailed alongside nonnational banks totaling about $16.87 billion in resources.
A Washington Post special notes Southern Pacific retirement plan for preferred stock may align common and preferred prices. Unon Pacific signals strong common earnings and a potential holding company holding securities, with dividends and conversion implications. Mexican Central rises on pool activity and Alts-Chalmers preferred gains as high pressure engines spur demand.
Henry C Corbin was elected to the board of a local bank at yesterday's meeting while Henry J Goodman was chosen as a new member of the Union Savings Bank. Trading on the stock exchange showed small sales, with Washington Gas rising sharply and Washington Railway and Electric stock fluctuating. A proposed state law on street railway transfers is cited as a factor in traction stock movements, and several local property transactions are noted along with a public park land purchase proposal by Senator Dick.
CHOICE cattle active with strong demand for top grades while other grades and lam s are dull. Calves show activity. only better grades meet demand. Prices listed for various cattle categories and weights, with mixed quality notes and regional shipment details from Ohio and Indiana markets.
An advertisement promises an annuity issued to The Maruel Lita Insurance Company, guaranteed by over five hundred million dollars in assets and sixty five years of business. The text references Tomas P. Morgan at 1335 F Street, Main 1136. It cites bank deposits, national bank cash holdings, and per capita money statistics for 1908, comparing to 1907, with figures around 1.368 billion and 1.113 billion dollars respectively, noting increases and percentages held in Treasury and banks.
May Marrow engineer commission yesterday recommended trenching the water train and constructing a 630 foot main in Twenty seventh Gate northwest between Garfield site and Cathedral avenue and 35 feet of water pipe cover on south side between First and Second streets at an estimated $58 cost chargeable to main and pipe sewers appropriation. Commissioners voted to lay a cement sidewalk on the west side of Twelfth street northeast between Krann lm street and Rhode Island avenue under the assessment system. The engineer department refused J Edward Fowler suit for a sidero that street from Nuit street to Grengia avenue as he is the only taxpayer requesting the improvement. The commissioners give beer pe to 4 t for I street nor east between Twelfth and Thirteenth streets. the petition will be paved on the improvement file for consideration.
The district corporation counsel drafts an excise bill per Senator Gallinger chairing the Senate committee. The bill blanks the distance from navy yard to barracks and engineer and war college reservation for 19 saloons. The district aims to limit galvans to one per population and increases wholesale bun lease to 64 and license fee to 1400.
Washington dog fanciers mourn the disappearance of several valuable canines tied to prominent figures and officers. Police hunt for the pets belonging to Mrs Joseph Stinson, Mrs L F Pauldine, Mrs J Z Wallerstein, Mrs Is Spaulding, Mrs G Jordan, Mrs William Messer, and Mrs Charles Humphrey, with rewards offered for their return.
The London metal market stayed high with spot at 45 fd and 1M for flor, while copper advanced but closed steady. Local prices were largely unchanged to slightly weaker with standards near 47 71 and Warrants around 483 7d, reflecting firm London upturn and limited local activity.
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