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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 18, 1910
Page
2
The New York market closed with gains across industrials and rails but signs of profit taking emerged. Reading common and Charter led a liquidation wave while incentives for further rises remained uncertain amid adverse country trade conditions and mixed commodity prices.
In New York Feb 1 reports show European account stocks rising after a seven day decline. Prices firmed with some gains in provisions, while Washington trade factors and market sentiment indicated cautious optimism.
From Washington and New York exchange data the February 17 1920 session shows mixed results with rails and utilities gaining early support while industrials shift downward. Key entities include Washington Hallytay Electric and American Tel and Tel and several regional banks as listed in the day’s finance summary.
The Treasury Secretary named the District National Bank a United States depositor. Washington’s new bank shows rapid growth with strong deposits, while Griffin Halstead resigns from the Stock Exchange to aid creditors. Reports of a new hotel and office project on Riga House site circulate without solid sourcing.
Livestock roundups show steady demand across cattle hogs sheep and lambs. Cattle receipts strong with prices firm for fed steers heifers and calves. hogs steady to higher with good demand. sheep and lambs steady with quality grades lifting values on certain lots. Market activity steady as buyers and sellers negotiate day’s offerings.
Market notes from Washington and New York reveal cattle and veal prices steady to softer, with weekly trends in futures for May and June. Grain and feed costs influence livestock margins as the English and London markets show mixed signals, while local dealers complete shipments and note fluctuating tin and wool values amid a busy export month.
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