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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 14, 1908
Page
15
Industrial shares show buoyancy amid expectations banks will repay 45 million dollars to the Treasury. Corn is the sole grain rising, with the steel trade improving. The market edge shifts as speculation ebbs and trading activity fluctuates across sectors.
At an adjourned Georgetown stockholders meeting the Georgetown Gas Light Company authorized 250000 in ten year 3 per cent gold certificates of indebtedness redeemable after ten years. The issue funds extending mains and building new gas holders, with stock convertible after five years if capital stock authority is obtained.
The Washington Stock Exchange quotations, supplied by Themas L. Huma & Co, note weak tones in New York and local markets. Copper and other metals show declines, with futures and commodities edging lower. London foundry prices steady, while U.S. and regional rails report mixed activity and subdued trading across commodities and equities.
New York July 1 Market notes show steady government bond bids with minor gains in some loans, dull overall activity, and mixed yields. Commodities record cattle and produce prices with prime beef and calf values noted. A shopping maze puzzle on page promotes reader engagement.
Market report shows steady demand and moderate supply across produce and poultry. Virginia North Carolina and West Virginia prices listed, with creamery and dressed poultry values noted and general market firmness observed for eggs butter cheese and meats in New York and Washington operations.
New York grain notes Chicago and Northwest crop scare with cash wheat sales lifting prices to highs. Reports of heavier new wheat arrivals and possible rain in North Dakota fuel gains. September futures edge higher while cash markets show limited transactions and mixed spot quotes for corn and oats.
Special to The Washington Post reports United States Steel hits a new high for the year and leads the bull market. Rumors suggest bankers plan to absorb unsold bond allotments, enabling new railroad and steel-related financing while other steel sectors stay active. Downbeat notes on Great Northern contrast with renewed interest in London and Canadian Pacific, and Southern Pacific gains amid dividend expectations.
In Chicago on July 18, scorching Northwest weather boosted wheat prices on the local exchange with active, bullish trade. September futures opened higher, reached new highs, and closed strong amid heavy receipts and firm demand for other grains and lard.
New York July 12 receipts and price ranges for beeves sheep and lambs with bulls cows calves and hogs. Chicago July 13 cattle hogs sheep prices and receipts. additional figures for other cities including credits and shipments.
Reports from July dispatches show 1000 idle workers returning to plants in Wheeling and Ohio towns as operations restart. Chief Stone notes full-time repair work and rising demand. Schwab cites cautious steel improvement but no rapid price changes. Railways anticipate a surge in car demand and widespread resumption of idle mills across several states.
Interstate Commerce Commission orders Adams American and Wells Fargo Express to reduce fat rate for transporting raw furs in bales from St Paul to New York City from 4.50 to 3.50 per hundred pounds. Effective August 1. Complaint by Joseph Ultman prompted action. carriers must extend inland export rate to him and other fur shippers.
New York July 43 The cotton market opened with a sharp decline of 24 points as cables disappointed and instead of a 3 to 6 point rise only 2.5 points gained. The drop widened to around 16 points after early trading with few rallies, driven by weak spinning reports and generally favorable crop news. Reports of deteriorating Atlantic States and South Texas crops and shifts of major interests to later months further restrained prices. July held near unchanged, while overall 75,000 bales were seen in sales.
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