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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 09, 1908
Page
9
Steel market notes a broad price rise across steel issues with preferred shares surging, led by a 334 point jump. Investment demand from British accounts and a favorable July crop report weigh on supply and price expectations. analysts cite strong demand and market distortion as factors.
Special to The Washington New York reports United States Steel preferred led market action with United States Steel common also strong. Bulls expect further rise as the spread between preferred and common widens. insiders and brokers note limited supply of Steel preferred and discuss prices, turnover, and potential revaluation tied to canal era prospects and iron and steel demand.
Washington Stock Exchange listings show quotes furnished by Titans Tome Co. and members at 10% F Street Northwest.
July reports show the Treasury and money markets steady with small fluctuations. Foreign metals markets rose modestly while New York copper closed higher. domestic grain and livestock prices moved with typical July activity across Chicago and Toledo exchanges.
A garbled Washington market listing shows wholesale prices for meats poultry and produce, including hens, turkeys, ducks, and fruits with figures, followed by a drowning report. A young man named Morris drowned while bathing with companions in the Rappahannock near Tappahannock, July.
A long market report details fluctuating prices for flour, wheat, corn, oats, and related commodities. It notes government crop estimates, export receipts, and near term futures moves with emphasis on September and December contracts, warehouse receipts, and regional price differences.
The New York cotton market opened with prices for July and December futures showing slight declines amid a weaker tone. Cables and abroad factors weighed, while later reports of lower global demand and favorable conditions tempered gains. Profits were taken as spot months showed mixed movements and Liverpool activity indicated limited buying.
The local exchange was dull with Capital Traction stock barely trading and bonds at 2014. Analysts link the cautious mood to Judge Gary of International Harvester and rising farm machinery orders. They expect a bumper crop and a gradual market rebound as grain dips ease and investment flows resume, buoyed by rail funding and industrial activity.
The Agricultural Department issued yesterday its crop report showing corn at 28 per cent of normal, spring wheat at 94 per cent, and winter wheat at 86 per cent. Oats stand at 87 per cent, with other crops and farm stock noted. corn acreage estimated at 100,196,000 amid an 11 percent rise from last year.
The Interstate Commerce Commission issued an opinion denying a sweeping order to cut thousands of rail rates. The case involved the National Petroleum Association against Ann Arbor Railroad Company over 31 petroleum transport classifications alleged to be undue. The commission found evidence insufficient to target any specific defendant and declined a broad corrective order without prejudice.
William II Buckinghian and W B Mulhall of the Metropolitan Police sue Capittas Traction Company for 22007 each after a patrol wagon was struck by a car on Fourteenth Street while responding to an alarm near Me TP street. Bennett Esser and Driver Bailey were injured.
Distillers in Cincinnati lose bid to block new branding rules from the Internal Revenue Service. Judge Lurion orders hearings on injunction as a fight over marking requirements takes shape. Proceedings concern rules effective July 1 and alleged enforcement actions against disputed labeling.
William M Ingraham Jr of Waverly declares he will contest his father s will in Broonlyn surrogate court alleging the estate surpasses 10000. The son aged 42 was estranged from the late lawyer who died in June leaving an estate valued at more than 100000.
Market page shows mixed freight rates and commodity notes with pigs, cattle, sheep, and hogs receipts. July figures include wheat, oats, corn, and livestock prices. notable totals: hogs about 2,498 receipts, sheep 4,086, lambs 4.50 to 7.25, cattle varied, and rail freight movements. Market tone cautious with slight declines in hogs and varied demand across categories.
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