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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 04, 1908
Page
17
In heavy trading Union Pacific shares swung within a four point range and closed little changed after reports on the Big Bend issue. The market faced premarket pressure and concerns about manipulation while investors weighed potential implications for the broader market.
Wall Street gossip describes Union Pacific as weak then rallying as larger operators and Standard Oil influence trading. It notes price cutting rare, dividends and steel stock moves, and forecasts steel demand and car and foundry orders amid crop hopes and potential equipment orders.
Market notes from New York indicate a cautious start with mixed shares and uncertain gains. Traders watch major indexes as early prices signal a volatile session and potential shifts in key sectors.
New York stock market data show money and metal trades easy with firm sterling exchange. Bond activity steady. government and railroad issues stable. Agricultural notes list vegetable and meat prices with mixed demand. poultry and dairy items vary by grade.
Local financial conditions were unchanged with small lot activity and modest spending. Bonds such as 6 percent certifi cates and Metro politan issues traded around steady ranges while Capital Traction and electrical stocks showed cautious movement. Mer ger Mergenthaler and Washington Railway interests kept prices around established levels as trust companies saw slight life.
Claims that Rheumatic pains and nervous irritation are relieved by Dr Miles Anti Pain Pills. Advertisement notes soothing of nerves aids sleep and cites user testimonials. Mentions prices and 25 dose package from Miles Medical Co Elkhart Indiana.
New York market notes list per barrel and per box prices for commodities including York Imperials at 2 503.50, oranges 2753.60 per box, grapetralt 3.66400 per box, and de finished goods with various steady to unchanged movements. It covers poultry, butter, cheese, eggs, flour, meat, lard, cottonseed oil, petroleum, rosin, turpentine, molasses, sugar, and wheat futures with observations of receipts, exports, and market tone amid weather and supply news.
Chicago June 3 Farmers faced a mixed grain day with rain dampening wheat gains while corn and oats rose. July wheat slipped, deliveries closed barely steady. receipts and cash demand remained cautious amid wet weather across midwestern growing areas. Provisions and lard showed modest firming, while hog prices hovered near highs as traders waited for clearer signals from the market.
Market summaries show cattle receipts around 10,000 with steers and cows steady to firm and calves and veals at varying gains. Lambs and yearlings demand steady while hogs and sheep show mixed moves. widespread price notes include cattle around 8 to 14, steers at 84 to 85, and wool and grain forwards with steady to unchanged trends across regions.
The London tin market closed dull with spot at £180 10s and futures at £129 17s. Copper values hovered around £17 3s for near and £58 4s for futures, with London quotations weaker. Locally, prices held steady though activity waned, with iron and lead shows varying. Foundry and general market readings showed limited movement and a cautious tone prevailing in trading.
Market listing shows mixed cattle quotes with per head and per pound figures across varieties. Includes extras and prime grades, with notes on calves and common types, plus per-head prices for fresh orders and miscellaneous entries.
Special to The Washington Post reports the Rothschilds will not participate in the Union Pacific bond flotation, though London houses and Kuhn, Loeb & Co. will cooperate. Negotiations also involve Harriman interests and other London banks. bonds authorized up to 190 million dollars, with sale terms set for public offering.
A premature detonation of twenty six tons of dynamite near Calmity Mulato on May 22 during a thunderstorm killed two Americans, Clifford Levelman and J. P. Reele, and injured several others. The blast occurred as lightning struck exposed wires. the accident halted work at 5 PM. Rose Cogron Hyer, 34, and others are reported among the dead or injured.
Beginning on a future date deposits for government payments will be paid only in coins, bars, or by check on a subtreasury or U S depository bank. The change aims to centralize and simplify the deposit process at the mint or assay office locations, replacing previous coin and bullion formats and reducing the time and handling required for deposits.
Society notes fill the weekly page with receptions dances and parties. The paper highlights weddings anniversaries and high society movements with readers eagerly scanning every line for fashion and social milestones.
The President appoints Chamberlin as general appraiser of merchandise in New York. Cleaseberkin is sent as representative Hepburn of Iowa to succeed Tate. The post pays $7,500 a year, with duties including customs in Cuba and a government position in Wonulala.
The government board of Teirear Ameriaid Republics held its last meeting yesterday until fall. The main object was to approve the annual budget presented by director John Barrett. At the conclusion of the meeting Barrett received warm thanks from the board for enduring service and guidance.
Grille, a noted baseball authority, travels with the Nationals. His expert talks on the game and players promise a great feature in the upcoming Sunday Post, drawing interest from the amateur sporting world and its followers.
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