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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 05, 1908
Page
23
Stock prices show market support waning amid a slide in grain and foreign exchange, while news from Berlin hints at firmer German finances as Reichsbank eases discount rates. Transactions in New York focus on foreign accounts and tentative gains, with traders watching for signals of renewed value.
In a yesterday call the New York market showed a noon decline while local prices held largely steady from the day before. Trades in United States 1 per cent bonds moved 1031-4 to 1024-4 and Washington Railway and Electric 4s fell to 83-4. City and Suburban Ss rose toward 1011-8 amid Baltimore sales, while Columbia 5s rose to 102 1-2 and Metropolitan 4s held at 108. Capital Traction saw a bid up to 126 with little free selling. Lanston offered around 681-2, dealers noting fair value under current conditions. Abeaug and Mergenthaler fluctuated near 800. Cananca Mexico reports Greene-Cananca employing about 1100 at the smelter area with reconstruction advancing. Shelby anticipates starting two furnaces to test ore handling, with several new furnaces completed and belt conveyors and slag handling under installation.
New York market reports minor loan ease and active demand with bankers’ bills at four and a half percent. Prices show varied movements in stocks, securities, and government paper. Exchange shows steady activity in day bills and commercial paper. Bar silver quotes and Mexican dollars listed with bond notes and war debts references.
The document records a financial session noting an exchange of a seat for 71 000 within the Washington market. It lists securities, bank quotations, and bond notes with prices, participations, and available cash. The page includes references to Washington Railway and Electric, Metropolitan Life, and various savings and trust entities.
The Washington market shows firm cheese and varied meat rates, with live poultry steady for ducks and geese, turkeys quiet and spring chickens moderate. Prices span calves and hams to beans, potatoes, apples, and crates, listing multiple regional goods and bundled monetary values.
A Washington Post dateline reports that London traders expect a rapid New York market decline after Union Pacific bond financing. Traders note profit taking, light opposition, and perceived lack of support as bankers finish the bond sale.
June 4 New York market report shows alive poultry steady with various price ranges for spring chickens fowls and turkeys. butter cheese and flour demand mixed with receipts tallied. coffee and cotton futures noted as quiet while leather wool and meats show firmness or steady status. Includes scattered figures for prices and supply across multiple commodities.
New York wheat overnight receipts show fluctuations as improved weather and crop news buoy prices despite late selling and liquidation. Spot prices for No 2 red at elevator and nearby futures terms drift with oats and other grains. July and September contracts show modest gains amid foreign buying and market liquidity shifts.
Chicago grain prices fell as better weather in the U.S. and abroad weighed on futures. Wheat for July delivery closed lower after a weak/opening session amid widespread selling by shorts and commission houses. Cattle, corn, and oats moved softly with limited demand and steady to lower quotes. notes of domestic and foreign market weakness persisted throughout the trading day.
Trading in New York cotton shows prices slipping with declines noted in futures as market activity fluctuates. Reports indicate shifts in open, high, low, and close levels across months with some gains in certain positions amid overall weaker sentiment.
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