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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 12, 1908
Page
23
Markets show scarce movement with small gains and losses amid political tension. Grain and metal prices fluctuate irregularly while investors seek clarity on policy directions and future demand.
New York trading shows varied movement across commodities and bonds. Wheat, corn, oats, and butter prices change marginally with spot and futures quotes listed. money on call remains easy at 14 4/4 to 14 3/4.
Regular call lines in Washington show certificates and bonds pricing with figures for railways and utilities. Wholesale egg and dairy prices vary by region with noted supplies and market tone, while dressed poultry and meats list regional prices and readiness. Farm products including potatoes, vegetables, and fruits display mixed market activity with several price points listed.
New York traders faced a depressed session with caution and gloom throughout the day. A circulating rumor claimed Union Pacific bond sales faltered as bankers allegedly hoarded shares, while prices drifted in a narrow range with few standouts among rail and copper notes.
LOGAL FINANCIAL reports Taft or conservative nomination could lift markets and nationwide conditions. An undercurrent shows investors buying solid stocks daily despite light trading. A Merlanta Transfer and Storage semiannual dividend rose to 3.3 per share, with earnings around 13 percent of capital stock.
Live poultry steady with 22 fowls and 13% turkeys listed. Butter, cheese, and lard show firm to unchanged receipts and prices. Various grains and oils report steady or dull trade with mixed lots and regional quotes across commodities including rye flour, flour, and molasses.
New York grain report from Newark dated June 4 notes exports at 500 bushels and spot holdings at 86481 bushels with irregular prices. Wheat futures show a scare of drought damage easing after an unsettled opening, with July and September closes around 94.5 and 91.5 respectively. Corn receipts total 5 78 bushels with exports 4 410 and No 2 elevator spot quoted steady to slightly lower. Oats receipts 2600 with price ranges around 25 to 40 pounds, reflecting a subdued trading day for the grain markets.
Chicago prices show a mixed session with weak opening followed by late buying as more favorable weather improves conditions. July delivery demand remains strong for wheat and corn while oats and livestock futures edge higher amid rain-damaged crops in Kansas Oklahoma Texas and Minnesota.
New York June 11 The cotton market showed narrow fluctuations and a quiet close with little demand from longs. Prices finished slightly mixed with September through December contracts inching higher while late-session activity faded as traders awaited fresher buying and overseas signals.
Price table shows cattle, hogs, sheep, calves, cows with per cwt and per pound rates. Entries include extra and ordinary rates for cattle, gross and ordinary hog values, clipped and common sheep, spring calves, prime and common calves, and fresh cows with assorted figures.
Treasury employees face noise and confusion due to removal of sandstone pillars on the east front and replacement with granite monoliths. Transfers announced include Clinton Hartson and Frank Hunt to the Land Office as special agents. delegates attend a convention. various staff plans and travels noted across departments.
June reports show mixed cattle and hog movements with steady to strong bids. New York receipts 1600 head cattle and 300 calves with limits around 9 cents for young veals, Chicago cattle at 000 head, hogs 1800 head, and sheep and lambs selling steady to slightly lower with lambs around 4.60 to 4.85 per hundredweight.
The Metal Market New York reports London tin firmer at £129.125 fd with uplifts in the local market. Copper edges higher at £12 6d per pound for spot and £59 84 for futures. English and London markets show quiet to firm tone with various alloys and plated metals quoted, including leather and spelter. Cleveland warrants and foundry grades listed with modest shifts.
An interview with Mr Malevsky Maleviteh, newly appointed Russian Ambassador to Tokyo, outlines Russia’s aim to deepen peaceful relations with Japan. He emphasizes upholding neighborly ties, pursuing private law accords after consular jurisdiction ended, and meeting industrial and trade needs while denying any pro Japanese bias.
New York Juneil Chanmin Gary of United States Steel denies President Corey advocated steel price cuts. Judge Gary says Corey has not reduced prices at any time and would have shared opposing views during late differences. Gary states no intention to resign from the steel corporation or return to law practice. There are no dissensions in the organization.
The railroad regulation bill was killed by a 151 to 100 vote closing any further action this session. The measure aimed to affect holding patterns for Boston and Milwaukee in the New York News Haven and Hartford Railroad Company. Wife inherits entire estate from James O Caton died June 6. Mary E Caton named sole heir.
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