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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 02, 1909
Page
23
Feb 4 reports a tentative market uptick despite liquidation waves. Gas, steel, and railway shares showed resilience while large oils and utilities firmed. concerns over end-of-week selling linger as traders await broader indicators from London and New York.
Chicago markets report a sharp wheat price rise on a thinner visible US and Canada supply for the week. May delivery leads gains, corn and oats firm, provisions weak. cash wheat buyers active while silvers and notes buoy sentiment. Market closes firm with May at 73 and July near 68 percent, receipts varied.
In New York trading on February 1 the bond and commodity arenas showed declines in several sectors. London tin and copper fell, while local copper and lead markets weakened. wheat, corn, oats, and barley futures moved higher on strong cables and demand. Grain receipts reached about 600, with sizable exports piling up for No 2 red and winter varieties as markets closed firmer.
Wholesale price quotations for eggs butter dressed poultry and live poultry including various grades and weights across Virginia West Virginia and surrounding states. Prices cover eggs fancy and standard. butter creamery dairy and store packed. dressed meats and game. vegetables greens and fruits with notes on supply demand and market firmness.
Washington cattle market reports activity across cattle and calves with demand for prime grades. Prices show butcher and common ranges for cattle, sheep, lambs, calves, and cows, including per hundredweight and per head quotes, reflecting a mixed market tone.
Live stock markets report strong lamb gains and higher cattle prices. Receipts: hogs, cattle, calves, and sheep. steers up 2¢ to 12¢, fat bulls 15 to 25 higher, cows steady to higher. Veals down to 5¢, lambs up 25 to 60 points, sheep steady. Dressed beef firm, fridge stock steady.
The market notes cattle receipts at Chicago around 10,160 head with prices up to 10.75, hog receipts about 12,000 head and prices rising to 4.85 to 6.90 for various loads, and sheep around 7,000 head with generally higher prices. Money market in New York shows calls easy at 1.90 to 2.20 percent with steady lending rates, and bankers’ acceptances offering modest returns.
New York market notes Feb 1 show varied levels across poultry fruit and dairy. Dressed poultry steady to higher with Western chickens quoted 12 21, fowls 13914. cheese steady with cream varieties and winter made stock. eggs firm to steady, hogs and beef quiet. cottonseed oil steady, petroleum steady, rice steady, sugar raw steady, potatoes irregular with regional price spread, freight rates to Liverpool noted.
The cotton market in New York closed near the day's top, with a net advance of 1 point amid estimated 75,000 bales sold. Early declines gave way to steady demand from spot interests and warily buying, as Liverpool and Southern buyers helped steady prices.
Special to The Washington Post reports a steady open with prices near Saturday’s close. Amalgamated Copper and steel dull, rails modest gains, Denver and Rio Grande and Chesapeake and Ohio rise, while Brooklyn Rapid Transit rally hints at dividends. Overall, a narrow price range with professional speculators covering shorts and a 1 percent net gain on the day.
Local stock exchange activity was weak with dull trading and modest price movement. Washington Railway and Electric securities attracted most attention with 4 percent bonds selling at 83 1 4 and 5,500 in value exchanging hands. Poto mac Fire Insurance stock traded lightly at 34 with bids for more. Real estate brokers Willige Gibbs and Daniel sold four brick buildings on First Street Southwest for 6,350, to be rented by the new owner, in conjunction with Frank Harrison Realty. The Melton apartment house on Fourth Street and New York Avenue Northwest, bought by Samuel W. Cockrell for 375,000, contains 18 units with annual rent near 9,600. Sidney Bieber resigned as vice president and director of Consolidated Bales Company.
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