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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 22, 1908
Page
15
The market shows a larger share of early declines wiped out while low priced shares stay firm. Selling pressure concentrates against key Harriman issues and broader standards, with reports of bond strength and continued weakness in certain lists and speculative activity.
Wall Street opened with widespread gains but a quick downturn followed, as whispers of E. H. Harriman’s illness fueled selling. Traders rushed to cover shorts in Union Pacific and South Pacific while American Smelting held firm, and Wabash preferred surged to a yearly high as speculation on new railroad alliances grew amid heavy volume across Union Pacific Reading Southern Pacific and United States Steel.
Quotations furnished by Thos. L. Hums & Co. show declines and trading activity on the Washington Stock Exchange. Capital Traction, Union Pacific, and Washington Railway and Electric moved lower from last week highs while total transactions reached about 225000 shares amid varied prices including 130 and 128.1.
The December 21 stock page shows Washington Hallway and Electric preferred at Sty and 84M, Washington Tag at 70 and BX for 25, Morganthaler Linotype at 207, Lanston Mourtyne at 12 percent with 109 units, United States Trust at 92 percent and 98 percent. After call Washington Gun certificates F000 ar.
United States Treasury notes quoted with precious metals prices and a bear market sentiment. Report covers Treasury securities, government bonds, and foreign exchange alongside grain markets in Chicago Minneapolis and New York. Notes show prices, volumes, and receipts, with weather and harvest conditions impacting corn and wheat futures.
The report lists currency rates and loan terms, with prime mercantile paper and U.S. government bonds steady. It notes Chicago corn oats and rye prices, butter eggs cheese and sugar steady, poultry and meat markets firm or dull with price ranges, plus New York London tin copper lead and iron markets moving at mixed but firm to easy levels.
New York markets show mixed movement in poultry butter and grains. Dressed Western poultry and fowl prices cited alongside butter creaming grades and flour, with receipts and market tone noted as steady to dull. Reports include rye, corn meal, feed, hay, and petroleum as part of a broad commodities snapshot with price ranges and regional variations.
Market notes show December prices in Omity Pennsylvania with credit balance of 1.78 at tuning 221,362 and average 138,038, shipments 207,945 and average 184,093. Toledo Ohio reports North Lima at 1.0 cents and South Lima and Indiana at 99 cents.
Trading at the Washington Stock Exchange dipped ahead of Christmas with fewer sales than any day last week. Capital Traction stock led activity, with a broker buying limited lots at 130 and 40 shares changing hands. Lanston Stock rose slightly to 125 8, and real estate moves included Harry Wardman selling a 12 room, three bath residence on Columbia Road for about 40,000 to a prominent business figure, plus additional Wardman property transactions and a 4350 dollar Adams Street house sale to Edwin R. Inney for his residence.
The New York cotton market opened steady to down slightly as nerves persisted amid mixed cables and a census report showing 11,692,118 bales ginned to December 1. Active months traded near Saturday prices, with offerings rising later. overall activity was quiet with holiday slowdown and a potential January stock up to 200,000 bales at the local warehouse.
George M. Bowers, US fish commissioner, warns that migratory fish protection failures by states imperil the industry. He cites shad, striped bass, sturgeon on the Atlantic coast and salmon in the Pacific as at risk, urges rapid hatchery expansion, and recommends a new bureau building to meet growing demands.
New York reports Directors of Colorado and Southern Railway ratified its sale to Chicago Burlington and Quincy Railway. President Trumbull calls the pact advantageous for both roads. The move expands miles controlled by J J Hill to about 24000 and creates a Gulf outlet from Northwest routes to Galveston.
The International Smelting and Refining Company was incorporated in Trenton New Jersey with 50.9 million dollars authorized capital to mine mill and smelt ores. Incorporators are Frederick Hoff Richard C Hunt and Nelson W Runnion all of New York. The move pools large financial interests opposing the American Smelting and Refining Company led by Guggenheim interests.
George Aing will address the Association of American Government Accountants at the Public Library on An Attorney's View of Government Contracts. The event continues all evening and invites members and interested persons to attend.
New York and Baltimore cattle calves sheep and hogs markets show steady to rising prices with varied receipts. Bulls cows and steers range around 4.00 to 5.30 per unit, veal and dressed beef quoted, and weekly totals and regional comparisons noted for fat cattle hogs and lambs. Local markets report steady demand, with shipments and weights described for week and day.
New York December 21 Goldman, Sachs & Co engaged 500000 in gold bars for export, bringing the total on the present move to 5990000. The today’s engagement will head to Germany or France.
An advertisement touts Dr Miles Nervine as restoring nervous energy to strengthen organs like lungs and heart. A user testimonial describes relief from side and head pains, with an offer for money back if the first bottle fails, from Miles Medical Co. Elkhart.
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