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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 23, 1908
Page
23
A chaotic Reuters style market note reports weakness in the market with a sharp drop in Rock Island shares and widespread unconfirmed rumors. It notes potential reversion of St. Louis and San Francisco to separate control and mentions stronger Westinghouse stock amid uncertain future moves and trading tensions.
A garbled market page lists closing prices and tickers for several commodities and assets. It mentions Freon and sugar near term shifts, with references to American and sector names, alongside scattered figures and unclear units.
The New York market opens with money on call easy and mixed rates, notes on government bonds and sterling exchange, and a dull copper and lead scene. London tin futures fall while Paris and other metals fluctuate. agricultural prices show steady poultry and varied vegetables and fruit values across New York.
A Washington Post special from New York reports heavy selling in Rock Island group properties and related lines, with insiders apathetic, western and foreign investors selling into Holland links. The Rock Island exchange terms, bonds and collateral details, and plans for the Boch Island and St Louis San Francisco ties are discussed amid volatile prices and market sentiment.
New York on May 22 reports steady poultry prices with dressed chickens at 18 to 22, turkeys 16 to 17 cents, and fowls around 12 to 13 cents. Cheese prices show final receipts and New State full cream at 14 to 18 percent, eggs steady with mixed lots, flour and grain receipts, and various fats and oils quoted with minor fluctuations.
On June 22, 1905, I H Skelding and HW McMasters were appointed receivers for the West Side Bett Railroad, a Wabash subsidiary, by the U S Circuit Court. Bond set at 325000. Wabash claims 105000 balance on a note. $533000 in bonds outstanding. $4310000 on bonds of the Wabash Pittsburg Terminal. Receipts slid from 3100 in Oct to 5000 in Apr. deficit 49900 from July 1 last year to Apr 30, 1905. System runs 9222 miles from Pittsburg to Clairton, Pa.
New York cotton opened barely steady with a net loss as prices slipped through the day. reports of unease from lower cables, unseasonable weather, and cautious selling amid bearish government data. nearby months reached fresh lows while selling pressure persisted in the afternoon trading. cattle and lamb prices shown alongside mixed figures in other commodities.
Local exchange showed inertia with inertias and inactivity. Westinghouse Electric jumped about five points after comments on reorganization, while overall trading on the New York Stock Exchange remained subdued with political conventions looming and speculative chatter about presidential nominations influencing sentiment.
New York June 22 Wheat prices firm on weather cues and Northwest strength, with nearby futures closing higher while corn and oats show mixed gains. Spot prices and exports noted, including September wheat and corn futures movements, amid a cautious market tone.
The Chicago grain scene stayed unsettled as bullish statistics influenced prices for corn oats and wheat. Traders watched futures for September and December contracts while weather and harvest prospects weighed on activity and market momentum fluctuated throughout the session.
Baltimore market report shows steady to firmer tones in several commodities. Prices for sugar and dairy remain stable with mixed movement in grains and meats. Readout highlights include butter, creamery products, and corn markets with multiple firms reporting unchanged quotes.
Market news shows slow cattle activity with bids wavering and steers selling around 4.60 to 4.75, cows 2.10 to 5.00, calves weaker at 1.00 to 1.60, and sheep lambs higher with good demand noted. Hog receipts about 35,000 with prices firm to higher on heavy and butcher types, while feeders and stockers show modest gains and mixed demand across regions.
Ory Falume posts a 178 run total with a 187 average in 22 matches, while 25 shipments yield 192 average and 224257 credits in the period. Folede Ohio records show data dated June 2 with Lima as a reference in South Lima.
The Hotel Frontenac on the Thousand Islands opens the season with abundant guests. Located at Island Frontenac in the center of the Thousand Islands, it features 30 plus en suite rooms, electric light, elevator, multiple stairways, reading rooms and library, renowned cuisine, an orchestra, and an exclusive golf course with scenic views. Managed by C G Trustee, longtime hostelry figure.
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