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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 04, 1908
Page
9
In a volatile session heavy trading halted activity in Union Pacific shares which swung within a four point range and closed with a small net change amid market turmoil. The day reflected broader premarket caution and unusual volatility as investors weighed the Big Bend issue and potential manipulation fears.
The Washington party and market action mix with steel and oil concerns. Union Pacific briefly weak, then led a rally as Standard Oil and other big interests influence prices. American Smelting and Refining saw dividends and volume shift. American Car and Foundry cut dividends, while steel demand hints and farm crop expectations affect outlook.
Readable fragments describe opening trading in New York with scattered references to prices, indices, and notable movements. The text mentions a bell, some figures, and market activity but lacks coherent details or clear outcomes.
Money and rates steady with firm sterling. News notes include New York closing bid, time loans, mercantile paper, and railroad bond activity. Grain, meats, vegetables, and varying commodity prices reach mixed levels across markets with extensive price listings and regional quotes.
Local financials show unchanged conditions on the board with limited, scattered business and small lots trading modest sums. Bonds like Metropolitan 6s and Foreman Electric firsts moved slightly, while Washington Railway and Electric activity remained muted. Trust company shares showed slight life, and Second National stock drew modest bids or transfers under a new Washington Railway and Kieckle arrangement.
Rheumatic pains and nervous irritation are eased by Dr Miles Anti Pain Pills. The pills soothe nerves to aid sleep and reduce chronic suffering. Endorsed by users and sold by doctors, with 25 dose packages available at a low price. Miles Medical Co. Elkhart Ind.
New York stock and commodity notes show York Imperials at 2 503.50 per barrel and Florida oranges at 2 753.60 per box with California goods and other staples listed. Grain and poultry prices move on steady to unchanged tones as reports cite weather and harvest forecasts affecting futures.
Chicago June 3 market reports show wheat fluctuating near steady, corn rising, and oats quiet amid wet weather in farming regions. July wheat futures edged higher while cash grain movements reflected mixed demand. receipts and futures activity influenced by weather and regional crop conditions across the Midwest.
Market roundups show cattle and veal prices steady with steers and cows trading firm. Lambs and sheep in steady to strong demand. futures and imports cited for Britain and Pennsylvania markets. Receipts around 10,000 cattle and 32,000 hogs, with mixed price movements across regions.
New York traders noted a subdued metal market with spot tin at 180 10s and futures at 129 17s while London quotations showed copper around 17s 3d per unit and iron flat. Locally, prices steadied with No 1 foundry copper at 17.50 and lead around 4s 0d, as markets reflected cautious demand and uncertain mood across metals.
A fragmented price list shows cattle market quotes with per unit figures across types. Entries include extra, prime, and common grades in pounds and per head terms, with ranges and occasional misreadages marked by OCR artifacts.
Special to The Washington Post reports Rothschilds will not participate in the Union Pacific bond flotation. Kuhn, Loeb & Co. and Baring Bros. & Co. will handle selling abroad with London houses. Harriman and other bankers discussed motives behind the aloof stance. Proxies and authorization details for a bonds issue of about 190 million dollars were outlined, with pricing and terms to be decided at a Union directors meeting.
Twenty six tons of dynamite exploded prematurely at Calmity Mulato Isthmus of Panama on May 22 during a thunderstorm. Americans killed were Clifford levelman and J P Reele. Several men near the dynamite were injured. The blast halted work at 5 o clock. wires and blasting charges were involved.
A historical notice describes a shift away from coin payments. Beginning on dune 1, deposits and payments to the United States may be made in coins or bars or by check on a federal subtreasury or depository bank. The text notes the move aims to simplify the deposit process and mentions the mint or assay office location.
Society columns highlight receptions dances and parties with kaleidoscopic effect Weddings anniversaries and high functions receive due space in the issue The text notes the smart set and eager readers scanning personal items and paragraph by paragraph interest.
The President appoints Chamberlin as general appraiser of merchandise in New York City. Cleaeberkin serves as representative Hepburn of Iowa, succeeding Tate. The post pays $7,500 a year. He carries a wife. Mr. Chine Seriainwa holds a customs role in Cuba and a government position in Wonulala.
Government board session yesterday approved the annual budget presented by director John Barrett. After the meeting Barrett was thanked by the board for his service and held in esteem for his efforts during the year.
Grille, a noted baseball authority, travels with the Nationals. His expert talks on the game and players will be a great feature in next Sunday’s Post, appealing to the amateur sporting world and followers.
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