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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 02, 1908
Page
17
The New York bond market shows broad strength with notable gains in key issues. Government bonds support renewed investor confidence as railway shares in the South rise, aided by a Cotton Report and favorable trading tone amid holiday week activity.
Unclear OCR text fragment about financial closes and prices. No discernible entities or concrete facts to summarize into a coherent news item.
The New York bond market shows mixed activity with several issues trading weakly while notable names such as Texan and Missouri companies influence the scene. Market reports indicate varying prices across sectors, including railroads, utilities, and metal stocks, reflecting broader economic shifts and currency movements.
Market notes from New York list prices for poultry vegetables and staples. Dull dullness in provisions with mixed activity in fats oils sugars and grains. several items show steady or unchanged quotes including poultry tonnage hogs and refined sugar. receipts exports and market shifts noted for WHEAT CORK and COTTON regions.
Reports from New York on July 1 describe bulls noting traction issues as a sentiment driver. United States Steel sinking fund prices, bond market activity, and the impact of dividends shape overall market tone, with Harvester stock praise tied to later harvest demand.
T L Hume states there is little activity in the market and prices may rise after the Denver convention. He notes the market’s slow pace, the employer wage issue for railroads, and conservative outlook ahead of the presidential campaign. The National Bank of Washington paid an $8 per share dividend, with regular dividend at a set rate. He mentions bulls’ nerves and ongoing stock accumulation by manipulators, keeping prices from moving up.
Regular sales and calls for Washington Railway and Electric and Capital Traction list 4s common bonds and prices. Trades show $1000 and percent figures with calls and after call adjustments. Market activity notes various bonds at 20 percent, 110 percent, and 30 percent with scattered lot sizes and maturities appearing in the session.
Market notes from Washington on wholesale prices for poultry meat and dairy products, vegetables, fruit, and livestock. Listings include ducks, geese, turkeys, chickens, eggs, milk, veal, beef, lamb, hogs, and produce such as potatoes, onions, peppers, tomatoes, and citrus with regional price ranges and market tone. Prices reflect firm to dull demand, with fluctuating weights and cuts across suppliers and buyers.
London and New York reports show English and Scottish steel makers breaking from a proposed international combine to join a national amalgamation, while Italian, French, Belgian bankers explore a Russian steel trust. Wheat and corn futures rise on strong demand, tracking weather and cable market signals amid mixed receipts and forecasts.
The July report shows the crop condition at 2 percent, with a sharp drop from last year and 1906 figures. Prices moved narrowly in trading, with October and January futures rising after the report. Local bears and light receipts pressured prices as markets closed about steady with small declines. Weather was favorable but traders expect July and August to bring deterioration before a potential yield.
The crop reporting board of the bureau of statistics cites USDA figures showing the June 25 cotton condition at 81.2 percent of normal, compared with 73.7 on May 5 and 72 a year ago, with ten-year averages. States listed include Virginia 92, North Carolina 89, Georgia 83, Florida 43, Texas 40, Oklahoma 14, Arkansas 85, Missouri 87, Tennessee 89, Louisiana 40, Alabama 83, Mississippi 84, South Carolina 84, and others. The June monthlies show ten-year averages: May 82.3, June 81.8, July 84, August 73.9, September 67.6.
Benjamin Winger filed a bill against Harvard Laundry Co at 721 Ninth Street NW asking for a declaration of insolvency and the appointment of a receiver. He claims the firm cannot meet obligations for at least a year and has favored some creditors over others. Eltinger notes a June 15, 1903 judgment for 3] against the firm with no property to levy. He seeks an accounting of liabilities and assets, setting aside deeds of trust by officers, and a restraining order to stop property disposal.
A district report details 2488 dogs impounded in the last quarter with 41280 killed under Poundmaster Samuel Linstein. June figures show 1174 dogs captured and 987 killed, plus 637 cats impounded and 600 killed. The quarter also saw 1613 cars captured as pound facilities improve with added wagons and police.
The bureau of navigation announced a record year ending June 30 with 15 vessels of 88627 gross tons built in the United States and 75 steel steamers of 304879 tons on the Great Lakes. This year’s steel output reached 142 vessels totaling 417157 tons, surpassing all prior totals as the industry centers on domestic transportation.
New York reports estimated U S railroad gross earnings for the year ended June 30 at 2 477 304 million a decline of 108 608 245 from last year Net earnings are put at 7 184 078 million a drop of 1 127 330 million Estimates cover leading railroads for ten months or more May and June show a net loss at an annual rate of 600 000 000 in gross receipts and 200 000 000 in net earnings.
Reading reports a severe shortage of box and refrigerator cars as of July 1. To boost service, several hundred workers who were temporarily suspended at the car shops have been recalled and sent for. The Reading company plans to hire additional staff to meet the demand.
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