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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 17, 1909
Page
39
A volatile market amid recession concerns and rumors of price cuts by steel producers. Traders from CCC and St Louis showed strength while widespread speculation faded, reflecting cautious sentiment across major volumes and regional actions.
The New York stock market activity on Tuesday February 16 shows a steady to dull tone with mixed changes across major issues. Trading opens firm with slight advances but closes near the day’s best, as bankers and brokers quote receipts and bond market movements amid fluctuating demands in prominent domestic and international listings.
Washington Stock Exchange quotations list from Thos 1 Hume & Co with prices for railroads banks utilities and miscellaneous stocks. Includes Washington Ry and Plec Capital Traction Georgetown Gas Washington Gas bonds and mining and insurance stocks with bid ask references and closing notes across numerous local listings.
Wholesale prices for fruits vegetables dairy and meats shown in a fragmented Washington market listing. Includes butter cheese poultry and dressed meats with varied per pound and per dozen figures and notes on demand and freshness across Virginia North Carolina Tennessee and New York sources.
Washington cattle and sheep markets show mixed activity with calves steady to firmer. prices per cwt vary. London tin and iron markets edge down while U.S. leads show dull locally with little change across commodities and regions.
Chicago grain markets held firm as wheat and corn futures advanced after weak early trading. May delivery rose to levels around 14 1/4 while July hovered near 20. Prices gained on weather concerns and strong buying by bulls, with heavy demand from shorts and improved movement reducing carrybacks.
Grain receipts at New York show mixed movement with wheat and oats advancing on favorable weather and firm spot markets. Barley and rye stay steady while futures hover near higher levels as corn and other grains respond to supply and demand signals.
Treasury daily statement lists Customs receipts 1 132 414 39 and Internal revenue 291 3a 52 with miscellaneous 158 133. total postal receipts omitted. Expenditures 1 220 600 60. surplus 160 781 73. Beginning day holds gold coin bullion 448 Si o8e and gold certificates 27 661 360 00. silver dollars 7 358 021 90. United States notes 8 004 985 00. national bank notes 39 811 460 60. total cash available 2u9 648 676 76. Outstanding balances include gold coin 1 30 000 60. silver dollars 484 007 000 go. Treasury notes 4 446 000 00. total 1346 740 368 00.
New York February reports receipts for cattle calves and hogs show activity mixed with steady to firm pricing. Cattle receipts near 46900 with steady to strong tone for steers. calves and sheep/lambs also reported in steady ranges. Hog slaughter remains the dominant use with steady quotes overall.
The wire service reports storms disrupting connections and dull business, yet Pittsburgh advances new steel price predictions while larger independents align with United States Steel on price levels. Union Pacific converts bonds amid mixed stock response as Texas and Pacific income bonds face shifts with Iron Mountain ties and Missouri Pacific outlook.
Stock activity shows Washington Railway and Electric Company bonds at 381-8 on $7,000 issue, preferred stock active with mixed lot sales, and common stock trading modestly with limited bids. Capital Traction, Washington Gas, Georgetown Gas and Lanston share movements noted amid broader bank and trust stock activity before real estate deals and property transfers layered into a busy market day.
The Horse Owners Protective Association argues against the Humane Society in Washington, charging that fines are used to reward informers and that enforcement relies on perjury. Secretary Edwards cites hearings, commissions, and profits from fines, urging a fair trial of both sides and noting organizational goals to curb abuse without blanket legislation.
Receipts include 3 O S 7h bulls 340G2H cows 1 ate no calves. cattle and hog totals estimated at 23000. Market seems steady to 2c higher for choice heavy meat. sheep and lambs show strength with noted prices 63S 7 15 and yearlings around 500g.
Plans by Stanley & Simmons for a large Wyoming project to add seven stories and 60 by 109 feet to the Wyoming building. The addition will increase capacity by twenty nine flats and create about 28 to 30 rooms across two to three apartments per floor. The project involves elevating existing structures and adds two new elevators to serve the expanded main section owned by L A Bari.
New York produce markets show varied firm and steady readings across commodities. Highlights include flour, rye, wheat, cornmeal, oats, and fats, with copper, petroleum, and cottonseed oil futures noted as steady or quiet, while potatoes and cabbage show firm or steady pricing in regional markets.
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