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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 05, 1908
Page
25
News affecting values shows a generally cheerful tone with less selling pressure amid rumors. Gains are seen in iron and steel shares with some weakness in Pacific, New York, and Southern Pacific while overall sentiment improves as trading accelerates into the final hour.
A Washington Post report from March 4 1906 notes the market overemphasizes Washington news. It tracks Union Pacific trading around 110 to 113 with a later rise, cites dummy certificates as possible liquidation signals, and warns bears employ heavy selling while Amalgamated Copper and Calumet and Hecla watch for mine reopenings and dividend changes. It also mentions rumors of Knickerbocker Trust reopening and a Stepburn bill modification affecting stock transfers.
The Treasury Department yesterday purchased 100000 ounces of silver for delivery in New York at 55669 cents per fine ounce.
Yesterday fixed for open acceptance of the 10 cent rate on new first class fire insurance risks offered by out of town companies, a move seen as aiming to drive local firms out of business. Next Wednesday Capital Traction directors likely to elect George E. Hamilton as president with Carll as vice president and general manager.
Experienced agents affirm life insurance is easier to write today, with Equitable Life of New York backing and a strong financial record. The company seeks capable men, with or without experience, noting no line of business matches the demand for trustworthy, liberal, and prompt agents. George C. Jordan, Washington Manager, Bond Building.
The New York metal market shows a sensational London tin advance amid reports of Dutch government tax cuts. Tin closed at £136 with futures £183 4s, copper steady to slightly lower with spot £66 12s 5d, futures £487 5s, and local prices easing but broadly unchanged. London prices mostly weaker with dull activity. domestic markets mixed but anchored with limited moves across standard lead, silver, and copper contracts.
New York produce prices show steady to firm trends across grains and oils. Butter flour rye cornmeal hay hogs leather wool beef lard pork and many commodities hold firm with modest changes. rice sugar coffee and petroleum quoted steady. peanuts and potatoes listed with state and regional origins, several entries showing quiet demand.
New York grain closes with mixed results as wheat gains and corn edges higher on light receipts. Wheat futures show activity with May at around 1.08 and July near 1.05, while corn and oats trade firmer on steady spot demand and limited offerings.
Chicago grain prices moved erratically with wheat near May delivery down by a small margin at times and corn and oats showing mixed gains and losses. Selling by local packers and stronger receipts pressured futures while late session weakness emerged as short sellers dominated and traders noted thin offerings relative to demand.
The New York cotton market opened steady with a 5 to 10 point rise in early trading, then eased, closing largely unchanged to 2 points lower after hitting new movement highs. Estimated sales reached about 175,000 bales as buyers, brokers, and English spot demand pushed near months higher.
Ayer’s Cherry Pectoral is recommended by doctors for cold and cough as part of breaking the habit of recurring illnesses. The ad urges seeking medical advice and asserts the medicine heals inflamed membranes and strengthens weak tissues to stop the cycle of colds.
The document shows the condition of the Corcoran Fire Insurance Company of the District of Columbia as of December 31 1907 with capital stock values and assets including cash in hand and in banks real estate and mortgages premiums due from agents and interest. Liabilities include reserves required by law commissions and losses paid during the year. Secretary SCHMITT and Agent TAGGART THRIFT CO. filed the sworn statement.
Dominican Republic President Caceres tells Congress no further concessions to Dominicans or foreigners should be granted. He says past concessions benefited neither the state nor the people and hindered economic development, a view reported to the State Department yesterday.
Baltimore markets list firm and steady prices across grains, flours, and dairy. Winter and spring wheat futures mark up to 4.95 with receipts and contracts noted, while hay, creamery products, and eggs hold near unchanged.
Markets show muted movement across cattle hogs sheep and lambs with mixed quotations and varied receipts. Steers around 4.20 to 4.75 per cwt, cows near 3.75 to 4.25, heifers mid 2.50 to 6.25, and hogs trading from about 4.00 to 4.50 with some action at 4.60. Lambs and sheep maintain steady to higher tones as receipts approach 7 987 head for sheep and 10 750 for hogs, with buyers cautious amid uncertain demand.
New York money market reports mention mixed yields and policy rates with 1 percent to 2 percent ranges for lending. Closing bid and offered rates show addressable spreads. sterling exchange steady around 4.86 to 4.87 for demand and short bills, with government and railroad bonds noted as irregular.
Oil quotations update for OM City with credit balances and shipment averages. Toledo notes North Lima and South Lima figures with Indiann percentage.
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