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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 22, 1905
Page
11
A New York market report shows listless trading with widespread declines led by Reading and other railroad stocks. A sharp rise in wheat futures due to rust rumors spurred speculative selling, while banks may report loan expansion in upcoming statements.
Special to The Washington Peek reports black rust reappears in spring-wheat regions, with uncertain crop damage but potential price effects if rust spreads. The piece notes railroad profits may rise on anticipated industrial activity, and details trading in Amalgamated Copper, Reading, Union Pacific, and other stocks, amid market uncertainty and talk of further investigations into market practices.
A long profile traces Henry, a Maryland born banking leader, from Annapolis military school to captaincy, choosing banking over arms, joining a major firm, and rising to head it. It highlights his ascent via purchase of Ford Works, stock exchange seat, and partnerships with Mearny and Williams, plus social clubs, ancestry, and reputation as affable, well-dressed, and decisive.
The page records stock quotes across Washington Street firms including Washington Railway and Electric, Central National Bank, Mergenthaler Linotype, and Greene Copper with varied par values and percentages. It lists numerous bonds, certificates, and railroad shares, plus closing quotations and miscellaneous notes from the Washington Stock Exchange yesterday.
Hester's Gatton Report from New Orleans on July 6 details Secretary Beaterta's statement of the world's visible supply of cotton at 3,118,400 bales, down from 9,199,803 last week. It breaks down by region including American, other lands, and stock afloat in Great Britain, Continental Europe, Egypt, India, and the United States with varied year over year comparisons.
J William Henry, born in Prince George County Maryland, rises to head the historic firm Lewis Johnson & Co. His lineage includes a captain father in the United States Army and a mother daughter of a Navy officer, explaining his official demeanor and military bearing as he leads the firm.
Local financial scene shows Metropolitan Citizens Bank up ten points from a week ago and trading at 8, with large holders offering to sell partial lots. Langton stock bid 15, Mer genthaler up to 19, Gas stock modest activity, and Washington Railway preferred steady near 90 with ample supply. Bonds are neglected amid overall market drift and a government printery investigation ends.
Arrivals during the week remained moderate with most lots consisting of low grade and heated stock. Butter receipts decline mildly yet show steady consumer demand. market remains firm for fancy creamery and bread area items with tight supply and rising costs. Poultry and vegetables show varied pricing and strong demand for certain cuts and seasonal greens.
Furnished by W. B. Hibbs & Co commerce desk. Market closes at near highs amid strong wheat and corn, with wheat bolstered by drought fears in Minnesota and the Dakotas. September options rise, receipts and exports noted. oats and hogs show mixed moves as rain boosts general demand and outlook.
A fragmented price list shows home grown items like cucumbers onions and tomatoes with per crate or per barrel rates. Green fruit apples and peaches are listed with varying quotes while note mentions high shipping costs deterring some purchasers.
Wheat futures rise sharply on strong onside buying amid spreading Northwest reports. No. 2 red July near 94 384, September up, December around 47. corn exports and receipts show firm activity with notable bushels traded. Gate receipts and freight figures mixed as prices firm across Minneapolis and Duluth markets.
Chicago live stock markets show cattle steady with mixed grades and vehicles including 2000 Texans. Hog receipts down about 10 cents with heavy and good to choice hogs strongest. Sheep and lambs steady to lower with mixed quality and light offerings noticeable. New York receipts indicate cattle market largely unchanged, with several categories showing slight declines and calf demand weak.
Market updates show hot weather dampening reel demand while cattle hold value. Lambs command solid prices with primes at six six and calves steady across weight categories. Cows range around twenty dollars per head, with varied old stock values.
Markets in Baltimore show wheat and corn bids steady to higher with exports continuing. No. 2 Western, southern yellow corn and oats feature. butter prices steady with creamery and store packed varieties. overall trade activity modest as commodities firms issue various bids and samples.
Heal Briety District of Columbis issues a 4 percent loan offer with no delay in processing. Terms promise swift financing through HEVSRHLL and WOLERAN, with 1000 7 BT noted in small print.
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