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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jan 18, 1908
Page
17
Irregular early weakness gave way to a strong stock market showing led by Northern Pacific. Prices rose amid heavy liquidation, with call money near 1 percent and time money around 3 percent as bank statements suggested improved liquidity and continued market strength through the week.
The report outlines January 16 bank clearings with figures showing weekly and yearly comparisons. Numbers include totals around 70 81 060 and 81 47 00 with various regional and corporate references. The text appears to summarize bank activity, though many digits are fragmented.
A detailed market column from Washington Produce Market dated January 17 covers finish a by 1 F Hulter & Co, stock closing prices for American Tobacco, American Sugar, Central of Georgia, and other firms. It lists trading levels for poultry, meats, fruits, and bonds, with notes on New York money market, eggs, butter, cheese, and railroad rates. The Tennessee railroad commission imposes a 2 cent flat passenger rate starting April 1.
Local traders gather at Corb Market as vendors set up stalls and buyers crowd the open-air venue. Officials expect steady sales and renewed community exchange through the day, with merchants showcasing wares and produce.
Wall Street gossip from New York on January 17th centers on Northern Pacific as the day’s strongest stock. Traders expect a 10 percent extra dividend, and confidence in the rail is seen as lifting the market, with the hoped payout delaying a broader decline.
Amalgamated Copper halves its dividend and drops in price while Greene Cananea gains to 73 8 on local trades and 814 to 825 on New York. copper talks hint at 16 cents while major producers trim sales. Washington Railway and Electric preferred dull with 73 and common 72 trading. trust shares rise as investors test the market with bids up to 2 1 2 for American Security and Trust and 18 for National Savings and Trust. Washington Railway and Electric 4s hit 78 1 2 with Potomac Electric 10 1.
New York markets show mixed grain and livestock notes with steady eggs butter and flour. Wheat receipts 6 000 bushels exports 6497. corn receipts 16 126 bushels exports 4 165. no bold political or event anchors, but market chatter centers on Mr Loeb and potential presidency impact.
Wheat led gains then a late rally as traders reacted to reports of Hessian damage to winter crops in the Southwest. May wheat opened lower and closed around 104 1/4 cents, with nearby contracts showing mixed early action before strength returned. Corn and oats followed wheat’s slide and rebound amid strong Southern and Northwestern demand, while soy and pork futures were mixed amid shifting market tone. Local receipts totaled 264 cars with contract-grade deliveries modest. Provisions weakened on ample pork supplies.
Heavy realizing and news-driven moves pushed New York cotton to a mixed day. Prices opened steady with gains, drifted to declines around mid-session, then rebounded late as buyers covered and bulls resumed, lifting March and May before a thunder of selling for hedging shifted the close.
Cattle and calf prices steady with per cwt and per pound figures across categories. Listings show butcher, common, rough grades, hogs, sheep, and cows with varied prices and weights, reflecting market activity in the region.
Secretary Hesler reports world visible cotton supply totaling 4 846 584 bales, up from 4 869 786 last week and 6 479 706 last year. American cotton totals 3 760 810 against 3 798 908 last week and 4 340 708 last year. other kinds including Farot Brazil India 1095 5% against 107 876 last week and 1 136 000 last year. Trade and regional stocks listed for Great Britain continental Europe Egypt Tunisia and the United States with varied year over year changes.
Secretary Cortelyou and Assistant D A Stuart McNamara filed an answer to George W Austin of New York seeking an injunction to stop delivery of Panama Canal bonds. The filing claims Austin bid not in good faith, alleges government interest in not accepting his bid, and notes bonds already allotted to national banks. Cortelyou asserts there is no court jurisdiction to review executive decisions and denies any intent to sell bonds below face value to the complainant.
A New York report claimed J P Morgan & Co gained control of Equitable Life Assurance Society by purchasing Thomas F Ryan’s stock, but Morgan’s offices formally denied the report. No confirmation of any stake was provided.
Baltimore markets report firmer spot wheat and mixed grain quotations for January. Prices listed include prices for No 2 red Western and spring wheat, oats and corn receipts with notes on exports, imports, and freight bids for Liverpool and other destinations.
Live cattle and calf receipts total around 8000 with steady to slow bidding. Cows, heifers, and dressed beef mostly steady with occasional declines. western calves and yearlings mixed with slow sales. Sheep and lambs show dull trade with several lots unsold. hogs and stocker stock lightly traded amid cautious demand.
Market reports show London tin and copper futures at varied levels while New York and local markets display mixed bids. Texas rail fares scaled back as the Texas Highway Department rescinds a passenger fare order amid protests and limited Western Texas rail service.
A multi name signature page from the Union Trust Company of the District of Columbia declares the board members Edward J Spellyn and others swear the preceding statement is true. A separate notarized 1908 annual report for the Shoemaker Company in Washington DC lists capital stock 6000 paid-in capital 51100 surplus 34000 and debts 14900 with officers August W Noack and George A Williamson.
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