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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jan 23, 1908
Page
9
The article notes Bank of England discount rate expectations around 4 12 percent amidst mixed stock market action on Monday with declines and brief rallies. It references railroad earnings weakness and adverse market influence along with suspensions and subsequent intraday shifts shaping the trading mood.
A garbled OCR fragment lists numerous disjoint names and terms related to market prices and places. It references Boston, New York, New Haven, and assorted random tokens, numbers, and possible tickers without coherent data or clear outcomes. The piece appears to be an OCR artifact rather than a complete report.
New York bond market quotes show varied yields as several issues move, with American Tobacco and United States Steel among named issuers. London tin, copper, lead, and spot market activity are reported, while money on call remains easy and sterling exchange holds steady for bankers’ bills.
The Washington Post reports New York and Chicago rail firms posted December earnings declines. Chicago and Northwestern fell about 20 percent in gross and Pennsylvanian lines faced weaker results. Markets showed brief rallies and renewed selling as traders weighed railroad reports and looming steel results.
The New York stock market receipts were reported by WB Hibbs and Co bankers and the New York Stock Exchange along with the Chicago Board of Trade.
Yesterday on the local stock exchange marked the year's low with prominent houses showing no orders. No Honda sales occurred though bids held. brokers showed cautious margins on new collateral loans. Washington By & Electric Preferred traded at 6 with stock offered at 1 2, while Capital Traction stock drew bids 159 to 121 but no willingness to move below 1M. Observers link the action to boardroom politics and possible long standing loan liquidations, with outside interests in Washington By Electric Securities cited as likely real sellers.
Washington Stock Exchange reports mixed wheat and corn activity with receipts and exports, price fluctuations, and notable notes on bonds and utilities. Weak cables and Argentine offerings pressured wheat before partial rally on Northwest insect talk. corn showed firm spot, oats mixed, and various bank and utility stocks quoting near session ends.
Market notes show fresh Virginia and nearby Virginia prices with butter receipts short but quality good. Cheese firm with full cream stock. live poultry demand steady to heavy. turkeys and chickens priced per pound. Vegetables and fruits listed with potatoes onions apples and oranges. banking and miscellaneous items included.
Oil market brief notes credit balances show 173 runs 102 182 barrels average 186890 shipments 169 590 barrels average 148 130 Toledo Ohio Jan 2 includes North Lima South Lima st Indiana 99 details.
The New York cotton market closed barely steady with a net advance of 3 to 5 points amid a nervous, unsettled session. Early gains faded as scattering liquidation appeared in the absence of strong support, with March and May futures dipping after highs. May at 12 60 and March around 11 49, traders eyed reports from the National Ginners Association and expectations for tomorrow's Houston receipts.
Greene Canaria faces cost pressures as mine operations balance wage cuts and expense reductions with ongoing questions about ore grade. Speculation runs on ore bodies vs management claims that high grade ore still exists, while overall costs loom large for output. Chase Bell rises in Amenda Security leadership and Wo B Hibbs joins Potama Power board, with Tf P Johnson appointed to the National Savings and Trust board.
Markets show dull prices across flour corn and rye with steady oats and barl. Butter cheese and sugar hold firm with eggs at steady levels. Western and Southern grain supplies noted with mixed spot and futures activity.
Secretary Cortelyou announces immediate withdrawals of public deposits from New York banks totaling about $1 million, with further gradual calls planned elsewhere. Currency payments have resumed, and the move aims to ease liquidity without harming business.
Pittsburg June 22 The Traders and Mechanics Bank a state institution with 710000 capital was closed today by order of State Banking Commissioner J L White who is temporary receiver The Treasury Trust Company a subsidiary occupying the same building was also closed Depositors are promised payment in full William Kemmler junior is president The suspension had been anticipated for some time The December 19 report showed deposits checks time certificates and certified checks totaling 411977 37
Receivers in New York report Monarch mill in this city to reopen next Monday after closing November due to company finances. Fifty workers to be hired, restoring silk mills in York to full operation.
Live stock market report from New York on January 2 shows mixed price movements across cattle calves hogs sheep and lambs with declines in some categories and steady to firm tones in others. Beef cattle receipts near 1047 head with veals at 285 lower. hogs around 4910 head with prices 10 to 15 cents lower. sheep and lambs about 4710 head with steady to lower bids except select grades. overall tone cautious as markets adjust to demand and supply signals. Exports and futures noted with wide price ranges and regional variations.
New York January market notes show mixed but steady to firm movement across commodities from poultry to flour. Alive hens and fowls light trading. Western chickens at steady to firm. eggs and butter stable. flour receipts up slightly with exports steady. rice and molasses firm. fats and lard easy to moderate. cottonseed oil firm. petroleum steady. rosin steady. refined sugar steady with some notes on market strength.
Market prices listed for cattle calves hogs sheep and lambs with per cwt and per pound figures. Also announces Twenty-six cash prizes for The Washington Post Great Educational Contest starting Sunday January 26 with prize details and ordering information via postal card or phone.
A long pasted item lists numerous names, addresses, and locations tied to New Willard hotels and other venues across cities like Chicago, Philadelphia, New York, and Indianapolis. It reads like an advertising directory with many personal names, spouses, and households linked to various states and towns. The final note promotes the Post as the paper reaching people with the full pocket book, rewarding advertisers.
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