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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 01, 1908
Page
11
The close of the day saw an advance in some quotations after a presidential message, with final prices showing a mingled mix of small gains and losses. Market tone remained firm in New York with cautious trading as investors awaited further guidance, while bank and railway shares faced uneven moves and a slow overall resumption of activity.
New York reports a dull yet firm market before the presidents message. Traders note scant stock supply in the street with shorts pressed and little buying while some rail and steel stocks show weakness and improved December earnings lift overall mood.
Trading on the Washington Stock Exchange showed little overall emphasis with Capital Traction moving from 1M to 09 4 and closing near 10 on about 150 shares in miscellaneous lots. Washington Railway and Electric weakened to 31 2 with 24 7 8 asked, and a few specific bids and small transfers appeared across several securities including Bell Telephone of Pennsylvania and Lanston, while Griffin Halstead and Charles P Williams witnessed condolences from fellow members.
The report lists United States Treasury receipts and disbursements for January, detailing internal revenue, bank notes, and trust funds. It notes balances at the beginning of the period, redemption provisions, and holdings across major banks and regions. Strong entities include United States, Treasury, and Western Bank notes, among others.
Baltimore markets show mixed conditions with winter wheat futures firming and spring varieties gaining. Reports cover export barrels, bushel receipts, mixed futures for corn and wheat, steady cheese and dairy prices, and overall flat to unchanged tones across grains and staples.
Market notes show varied bids across cattle, calves, and sheep with mixed demand. Slaughter steers steady to higher, cows and bulls uneven, calves and vealers slower, lambs feeling modest demand, and hogs steady to higher. receipts include cattle and hogs, with regional price references and dealing notes from Chicago and New York markets.
Quotations show wholesale price readings across Virginia North Carolina and Southwest Virginia with steady butter creamery goods and live poultry demand. Beef and veal listed with dressed poultry rates for turkeys chickens and ducks and assorted vegetables and fruits including apples oranges grapes and grapefruits with regional variations in per barrel or per hundred weight pricing.
Prices on lambs calves and cattle listed with per hundredweight or per pound figures. Lambs, calves, cows and ewes show ranges for ordinary, medium and prime quality plus specific weights. figures include per hundredweight and per pound quotes across categories.
Chicago grain futures fell sharply as Argentina shipments hit a weekly export record, triggering large sell orders and a wide price break. May wheat opened lower and eventually declined while receipts and exports for the week showed large totals amid renewed selling pressure across grains.
New York cotton opened steady with prices near 11 cents and later showed a net loss around 4 15 4 points amid scatter market pressures. Reports cited hull support, cover on deseltions, and demand from large orders, while London copper and British markets remained dull and unchanged.
New York January reports show butter firm receipts 283. cheese firm 1,295. eggs 7,207. poultry alive quiet with Western chickens 15, turkeys 14. dressed steady with Western chickens 22. flour receipts 19,792 barrels, exports 1,965. flour easier, cornmeal dull. lard easy. pork firm. molasses steady. sugar raw quiet. coffee steady.
New York June grain reports indicate weak spot markets for wheat and corn as receipts rise and large Argentina shipments, cold weather, and Western belt snows drive prices to new lows. Heavy liquidation pressures follow the broad market slide, with May and July futures showing declines across wheat corn and oats amid widespread selling and float activity.
Seventy two iron and steel manufacturers meeting in New York on January 31 agreed there is no need to reduce steel prices. Leaders including Judge E B H Gary of US Steel and J P Morgan voiced optimism that current prices are justified and will aid recovery. They expect the wealth and resources of the country to restore business and employ furnaces and mills to full capacity.
The Oriental Bank closed its doors after a $393000 balance and rush of depositors seeking withdrawals. Directors chose not to reopen at the clearing house to avoid injustice to other depositors, as $1000 promised for personal responsibility vanished amid fears more funds would be needed. Superintendent Wadams placed G G Leonard in charge to conduct an immediate examination, with repayment of depositors anticipated within a week.
Chicago January 31. The sale by the master in chancery of the properties of the old Trion Traction Company to the Chicago Railway Company is confirmed by Judah Grosscup today. The lease and continuation give the Chicago Railways title to the temperance? This ends the traction war that has gone on for ten years.
The Cosmopolitan Magazine offered full Century Dictionary and Cyclopaedia sets as an inducement to grow regular subscribers. Washington shows high uptake with many early purchases at elevated prices, and Woodward & Thorpe plan a new distribution through their book department under convenient terms.
The court order extended proceedings by Equity Court No 1 against Comms 1 e8 Wacfard and Assessor Griffin to block sale of Weslington and Georgeown Gaslight assets. The dispute centers on increased assessments for pine and meters with a total $198 added to the three companies. A court stay follows an agreement to delay until a ruling on Washington Gaslight assets central cash value. The District Court of Appeals will decide next Tuesday on the commissioners petition for a writ.
1 A correspondent from London reports that Standard Oil Company has acquired the South African interests of Shell Transport and Trading Company Limited, establishing a monopoly position in South Africa. This move consolidates Standard Oil's regional control and expands its market footprint in the Durban area.
A dense OCR listing shows numerous individuals and their associated places or affiliations across cities and national organizations. Names include Gardner, St James, Willard, Shoreham, Philadelphia, New Haven, Indiana, Chicago, California, and many others, with scattered references to hotels, national banks, and metropolitan areas. The fragment reads like a directory segment listing people tied to specific streets or institutions, without a singular narrative or event.
Paymaster Maupin recovered a bag of valuables during a France trip and turned it over to a state department agency. A Spanish countess is advertising for the return of the jewels. Department representatives in Madrid will act to establish ownership and arrange restoration to the rightful owner.
Miss Ida Moreland Coppinger and Mrs Marthe A M Coppinger each filed wills for probate. Maude Geirtis is sole beneficiary of the Coppinger estate. earnings link to Rear Admiral Crank. The article also notes New York money market conditions and government bonds.
A report shows global visible cotton supply at 4 997 706 bales this week against 4 371 400 last year with totals for the United States Egypt India Britain and continental Europe. Last year saw higher totals in several regions while the United States and India show significant figures for the period. The data reflect shipments and stock levels across major markets, indicating changes in availability and potential price influences.
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