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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 12, 1908
Page
5
The market reported scarce trades and irregular grain and gold shifts amid political cooling and renewed volatility. Prices showed little sustained trend as investors weighed fiscal signals and global factors, with traders noting weak demand and cautious liquidity across commodities.
The session shows varied activity with bankers from Hills & Co and Star Lathenge moving materials between Chicago, Baltimore, and New York. Grain prices drift, spot and futures quotes shift for flour, oats, sugar, and butter as government and mercantile paper remain steady.
The Washington Stock Exchange reports regular calls on various securities with prices listed for certificates and railroad shares. Market notes show egg supply, dairy, poultry, dressed meats, and a wide range of fresh produce with prices indicating a generally slow market and some currency of value differences across items. Names of regions include Virginia, North and South Carolina, and Washington, with specific items like eggs, cheese, bacon, calves, hogs, potatoes, yams, peppers, and apples referenced by price per unit.
Wall Street faced a depressed trading day with rumors that the Union Pacific bond sale failed. Traders questioned the bankers subscription and feared inflated prices, while overall market activity remained dull and cautious with mixed reports on earnings and copper prospects.
Logal Financial quotes George Howard on Taft or conservative Chicago nomination boosting markets. Analysts note undercurrent of buying in solid stocks, though overall trading remains weak. Merlanta Transfer and Storage declares a semiannual dividend of 3.3 per share, up 1 percent, with earnings for May 2018 at 1.2747 million.
Market report from New York dated June 11 lists poultry and meat prices with steady to firmer trends. Items include alive spring chickens at 22 fowls, 13% turkeys 11 dressed, butter and cheese steady, flour receipts 24,397 barrels, lard firm, and various fats and oils showing firm to quiet demand.
Newark June 4 excerpts show wheat prices sharply fluctuating as exports and inland demand collide. Corn and oats receipts are listed with mixed futures for July and September contracts, reflecting a volatile session amid crop damage concerns and South West supply scares.
In Chicago trading the July wheat contract rose amid buyer interest while reports of crop damage from Kansas Oklahoma Texas and Minnesota tempered gains. Oats and corn showed varied moves with rains aiding prospects and mercantile activity steadying by late morning. Local receipts totaled 207 000 bushels for wheat and 12 cars for corn with packers buying aggressively in the live hog sector.
New York cotton traded narrowly with fluctuating quotes and a quiet close. The market rose slightly with September through December futures showing small gains and selling pressure by shorts easing, while South and West markets were uneven and prices drifted.
Fragmentary price data for cattle hogs sheep and calves in Washington market. Entries show per cwt and per head figures, with irregular formatting and possible OCR errors indicating ranges like 6086 to 650 for cattle, hogs around 5.69 to 6.75 per cwt and 3.00 to 5.00 per ewt, sheep 0.9 to 4.0 per pound, and cows listed with fresh and common prices.
Clinton H Hartson and Frank E Hunt gain special agent status in the Land Office as part of a Treasury Department reshuffle. Meanwhile east front sandstone pillars are being replaced with granite monoliths, causing office noise and distraction across the Treasury building.
Market receipts and prices for cattle calves hogs and sheep shown across New York and Chicago exchanges. Cattle demand strong with slight gains noted in Chicago while hogs steady to higher and sheep lambs steady to lower amid varied regional bidding. Prices include dressing percentages and ranges for veal calves and stockers as buyers contest supply.
The Metal Market reports higher London tin with spot at £129 12s, copper nudging up to £12 6d pat and £59 84 future, leather steady at £12 10, zinc and other metals showing varied shifts in London and local markets. warrants and foundry grades listed with multiple price ranges.
In an interview republished from Mascoy newspaper, Russian Ambassador to Tokyo Mr Malevsky Maleviteh explains aims to deepen friendly ties with Japan. He says his task is to secure private law agreements to support expanding commerce and industry while acknowledging criticisms of being too pro Japan. He stresses Russia’s intent to uphold peaceful neighborly relations established with Japan.
New York Juneil Chanmin Gary of United States Steel denies President Corey urged steel price cuts. Judge Gary says Corey never reduced prices and would have shared opposing views at late meetings if present. He has no plan to return to law practice. No dissension in the corporation’s unity.
The railroad regulation bill was rejected by a large majority ending any legislation this session on Boston and Milwaukee projects tied to the New York News Haven and Hartford Railroad Company. In a separate notice, James O Caton died June 6 leaving his entire estate to his wife Mary E Caton.
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