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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jan 12, 1908
Page
22
The market shows a rapid rise in stocks led by St Paul and Haltliters while banks shift balances and deposits rise. Traders cite easy money, investment buying, and cautious optimism as financial conditions ease after a long deficit. observers debate whether the upturn signals a lasting recovery or a temporary bounce.
New York Treasury and bank figures show Customs receipts 1 401 265.64, Internal revenue 884 619.89, Miscellaneous receipts 14 185 422.20 totaling 2 89 297.13. Expenditures balance 21 855 934.74. deficits and gold holdings noted. Outstanding issues include national bank notes and silver certificates. Baltimore markets and New York clearing house statement follow with details on loans deposits reserves and currency in circulation.
New York traders note St Paul led early buying but failed to lift other issues. A strong bank statement later steadied the market as Northwest rose, while shortages of St Paul shares spurred short-covering. Berlin and foreign buyers supported gains amid a 30 million car trust note financing reveal.
The Washington Stock Exchange saw closer quoters and steadier gauging of values with more business. Investors eyed the Washington Railway and Electric Company and local banks as a potential merger talk faded while bonds rose, and first-loss investment securities hinted at a pre‑six months mood rebound.
Closing quotations on the day’s stock exchange list Washington Railway and Electric and Potomac Electric entries with prices and volumes including 76 98 63 4 000 at 98 1 000 at 9 31 000 at BBY and various preferred shares at WY 16 74% 6 at 74 10 at 71% 60 at 1% bo at 71% 0 at 71% 90 at 71% plus Capital Traction notes at 110% and 126.
Quotations show wholesale prices on eggs, butter, cheese and dressed poultry. Butter receipts exceed demand with steady prices. cheese firm on cream stock. Livestock and dressed meats mark modest to strong activity. vegetables feature potatoes, yams, peppers and tomatoes among varied per unit prices.
New York money market reports call money at 6 percent for six to nine months with sterling steady and demand bills around 4 1 2 to 4 1 4 percent. Metal market opens quiet with copper near 26.06 28, lead dull at 2.65 8.70, zinc 4.35 4.40, iron unchanged.
A fragmentary ad copy quotes a stage line about time and aging and urges readers to prepare for hardship by buying an Equitable Life policy. The Washington manager GEO. JORDAN promotes policy plans from 210 Land Building, emphasizing reliability in adversity.
New York grain report from January 11 shows receipts 6900 quarters for exports 118489 bushels with spot prices steady. Wheat futures opened lower then rallied on demand and cash strength, May around 1.064, July near 1.08. Corn receipts 17200 bushels, exports 2920 bushels, spot steady with No 2 at 75 nominal, May and July futures mixed. Oats receipts 1000 bushels, futures muted with spreads. Rye No 2 Western price listed, New York bid side.
Chicago Wheat futures opened dull with a bearish tone as world shipments eyed, May options slid from 1.06 to 1.05 and closed off, while May oats fell to 69 and lard and fats edged lower. Receipts rose with Minneapolis and Chicago reporting higher country offerings and weak demand. Primary receipts reach 521,000 bushels versus 645,060 a year ago.
New York cotton opened steady with a 4 to 7 point advance as buying and covering lifted prices to a high, while bearish weekend data and cautious sentiment tempered gains. The market closed steady, with net gains near 10 points. receipts at ports today totaled 48,090 bales, with work and figures from New Orleans and Houston also noted.
New York receipts include 1 48 nominally mixed cattle and calves with steady to slight gains, about 1 400 cattle and 5 000 to 6 000 quarters. hogs around 6 059 with a lower tone. Chicago shows about 400 cattle and 27 000 hogs and sheep receipts with steady to lower trends. hogs and mixed teams cited with price ranges, lambs firm to steady amid moderate demand.
Fragmentary OCR from a Washington cattle market listing shows Lambs and Calves and Cattle prices with mixed units and typos. Mentions lambs per pound, calves prime, hogs per owt, cows fresh and common prices, and rough figures. Details are garbled and incomplete.
New York dairy and commodity readings show butter cheese ghee and milk receipts and exports. meats including western poultry and dressed options. flour rye and corn meal steady to firm. hay hops and wool quiet. lard pork and tallow steady. oils and petroleum stable. sugar molasses and coffee prices listed. peppers and potatoes steady with cabbage unchanged. Major entities include Minnesota and New York markets, Western and Eastern regional notes, and 1907 period pricing context.
Boston markets close with mixed figures across rail lines and utilities. Firms listed include Boston and Albany, Boston Elevated, American Sugar, General Electric, Edison Electric, Massachusetts Electric, United Fruit, copper range, and various others showing varied activity.
A worn tale recounted by a young man and companion about hazing at multiple colleges. He recalls trying to appear a freshman to dodge abuse, the pressure from sophomores, and being forced into humiliating dares before a crowd of dancing students and onlookers.
Financial notice touts Gold Divide Mining Milling and Tunnel Company prospects in Colorado. Claims horizontal borings yield richer ore and cuts costs versus shafts, with strong timber and water power. Shares mostly held by Washington investors. few Treasury Stock shares remain. manager available for information.
A Boston man recalls a self willed bulldog given by a provencal customer. The dog would not obey and a truck driver blocked a collar dispute. A policeman clears the crowd and points to the collar on a wall as proof of ownership.
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