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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 24, 1908
Page
9
A subdued session left stocks with small net gains and uneven moves. Traders cited weak momentum and lingering fatigue as declines and advances alternated, while major declines eased amid stabilization in Rock Island liquidation and Chesapeake and Ohio concerns.
Washington Post special from New York reports traders discuss a petition to close the stock exchange on Friday July 3 amid light trading and holiday effects. The piece notes declines in several railroad bonds, mixed broker activity, and hints at evolving ties between major rail and finance houses as investors await dividends and potential working agreements.
The Washington Stock Exchange displays quotations from Thomas a Comenbera and other firms. Regular sessions run at 1 o clock, with listed prices including 1000 shares, Morgenthaler Linotype at 196 and 19, and Metropolitan National Rank at 72.
New York market notes show live poultry at steady levels with spring chickens and fowls listed, along with butter, eggs, cheese, and flour receipts. Quotes cover corn, oats, cottonseed oil, petroleum products, and general stock prices, highlighting a broad range of commodities and financial instruments.
A fragile OCR reading outlines mixed commodity prices and market notes. Wheat, corn, and rye show varied figures. copper and tin shift slightly. Local market activity described as dull with prices holding or edging.
Market notes show wholesale price ranges across vegetables poultry and meats with scattered figures for potatoes cabbage beets and peppers. Wheat and feed commodities extend into futures with weak closes and mixed receipts while buyers and sellers adjust to weather and crop conditions in the southwest and midwest.
The New York cotton market opened nervous as liquidation fears pressured prices. futures closed near steady with slight declines. Trade activity appeared sporadic with sales estimated at about one bale, and months showing varied demand amid irregular midseason factors and weather concerns.
Washington Railway and Electric shares traded around 797-8 and 1004, with limited volume and a price decline. Traders remark market loosened from its rut and may fall further, noting railroad earnings and possible dividend reductions. Various opinions clash on future rallies while long stock distribution from May persists. Hibbs of Hibbs & Co plans a brief trip to New York.
In a windfall day for departments Washington saw staff dispersals as the Bureau of Engraving and Printing faced a surplus of 200 Tanselich while other agencies prepared for vacations. Chief Justice Clabaugh heads to his Maryland summer home until September 15 as district officials grant leaves of absence to a long list of police and civil service staff. Transfers and promotions across the Census Bureau, Steamboat Inspection Service, and other offices accompany the seasonal travel and administrative shuffles.
Brig general Albert Hartsuff, brother of Maj Gen George Hartsuff and Gen William Hartsuff, dies of heart disease. A retired officer, he served in the Medical Department during the Elu war and aided in suppressing a yellow fever epidemic in New Orleans.
Westinghouse Manufacturing Co committee on York adjourned at 4 45 PM after over two hours. No progress announced and another session was expected tomorrow. Credit balances show 175 Huns and 269973 average 1 193 percent. Shipments 219 790 average 194 631. Toledo Ohio June 23 shows unclear lines and figures.
A fragmented report alleges Francis FRO jergue represented English financiers linked to Algoma Steel Mills, a subsidiary of Bake bupeig Corporati, with claims the United States Steel Corporation denied involvement. The piece asserts tensions and contested ties among industry players without clear confirmation.
Market notes show cattle and calves steady to weak with high receipts. Hogs and sheep receipts mix, prices around 68 for hogs and 60s for feeder cattle. cattle pens around 2600 head and calves near 90. Sheep receipts near 12090 with demand strong for yearlings and lambs.
Pain and misery are blamed on nerve disturbance. Dr Miles Ant-Pain Pills are marketed to relieve irritation and stop distress. Women report relief from periodic suffering with first signs of pain, with a money back guarantee on the first package.
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