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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 02, 1909
Page
29
Feb 4 report notes stock averages turn up as liquidation pauses, with industrials and rails showing strength. Gas, utilities, and coal issues lead, while pressure persists in some equities. London and Vienna banking news influence sentiment.
In Chicago trading on Feb 1 demand boosted wheat futures as the visible supply in the United States and Canada fell for the week. May and July contracts showed notable strength with gains while corn eased only slightly and provisions weakened despite a firm open.
New York reports a mixed market with declines in London markets for tin and copper, weak local markets with commodity quotes across lead zinc and iron, and a firm wheat position with steady corn and oats. Wheat shows a strong close, while barley remains steady. notes cover receipts and futures across other grains and feeds.
Quotations show wholesale values for eggs, butter, cheese, dressed poultry, game, and meats. Prices vary by grade and region with modest changes. live poultry demand described as good, with assorted per pound and per dozen figures listed for hens, chickens, ducks, geese, turkeys, and other items.
Cattle activity noted with demand for better grades. Calves show value with prime and common categories listed. beef prices per cwt and per head provided. Sheep and lambs noted with prime and common ranges. Calves and cows priced per pound and per head, with variations for condition and weight.
New York livestock market report February 1 shows steer and bull prices rising with steady cows. Calves and lambs strong demand noted. lambs up to 8 ¾ cents per pound, sheep steady to strong, assorted weights and classes priced.
New York Money Market shows hoge receipts at 11 532 higher at 6.008. Chicago cattle receipts estimated at 10.08 head with varied beef prices. Hogs receipts about 12,000 head, market 109% higher, with values for heavy shipping and light mixes listed. Sheep receipts around 7,000 head with market up about 25c. Baltimore cattle receipts noted. money on call easy.
New York market report listing poultry, cheese, eggs, flour, fats, and grains with bids and receipts. Prices shown for Western chickens, fowls, butter, creamery specials, eggs, wool, beef, lard, cottonseed oil, sugar, coffee, and various regional potatoes and vegetables. Freight and peanut prices also included.
New York February 4 The cotton market opened lower amid expectations of easier spot markets and regional selling but recovered to close near the day’s top with a net gain of about one or two points. Estimated sales reached 75 000 bales as Liverpool and spot interests supported futures. Houston receipts feared for tomorrow influenced early weakness.
New York activity opened near Saturday close with steel and Amalgamated Copper as the heaviest trades while railroad shares showed small gains. Traders cite weak bulls clearing margins and a cautious chase by professionals. price swings were narrow as interest clustered on active specialties like Brooklyn Rapid Transit and Chesapeake and Ohio. Amalgamated Copper remained weak with ongoing liquidation, while Philadelphia Pennsylvania and other issuers drew scant buying, prompting talk of a big bond issue demonstration amid expectations of a Supreme Court adjournment.
Local stock exchange activity was subdued with little trading overall. Washington Railway and Electric securities attracted attention, 4 percent bonds selling at 83.25 with $5,500 traded, preferred stock trading around 89 then slip to 88.75. The total trades were 237 shares, with bids at 83.75 for bonds and 41.75 for common stock. Willige Gibbs & Daniel sold four brick buildings on First Street Southwest for 63,50,00, and 900, occupying 66 by feet, to be held as rental by new owner in partnership with Frank Harrison Realty. The Melton apartment house at Fourth Street and New York Avenue NW sold to Samuel W. Cockrell for 375,000, containing 18 units yielding about 9,600 yearly rent. Sidney Bieber resigns as vice president and director of Consolidated Bales Company.
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