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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 10, 1908
Page
2
In New York the stock market rose with broad strength despite no Friday-like panic. Major industrials rallied as foreign demand for steel supported shares while railway and copper names held fir, with gains led by Crestline and Knickerbocker affiliates amid a larger market trend.
Special to The Warblegton Poot reports a largely steady but increasingly optimistic New York trading scene. Traders cite clearer ticker signals, rising interior demand, and renewed activity in United States Realty and United States Steel as doors open for spring, with stove works in Duluth and cement plants resuming operations boosting sentiment.
United States Treasury and New York Stock Exchange quotations shown with bid and asked prices for American Bridge Foundry Adena Fixpress and other securities. Government bonds, railroad issues, and currency rates listed. overall market activity noted with closing prices and money market summaries.
METAL MARKET New York March 9 The London tin market advanced with spot cloak at 134 1b and futures at C1210 st2 Locally dull but higher in sympathy with cables quoted 29.50 to 90.00 Copper up in English market with spot £57 16m and futures £38 60 Local dull no change Lead higher at £18 17 6d in London but locally dull and a shade lower Spolter unchanged at 2017 64 in London English iron market higher standard foundry £50 4d Cleveland warrants £15 10/6 Locally No 1 foundry Northern 18.25 18.75 No 2 No 1 Southern 2817.85
Prices steady across produce and meats with strong demand. Butter receipts tight, creamery and dairy products firm, live poultry scarce and rising for turkeys. Pork, beef, and lamb prices indicated with varied grades and regional notes. Sales guidance directs readers to King’s Pharmacy and Post branch offices for classified ads.
In Chicago trading the wheat market closed weak as the government crop report showed farmers held 1.29 billion bushels of wheat on March 1. May delivery fluctuated from 95% to 97.57 and settled near 95. The corn market remained strong on light offerings and short covering with May opening lower and closing higher. Provisions rose on demand for live hogs and exports, while soybean and other grain futures showed varied moves across the session. Local receipts totaled hundreds of cars, with primary and visible supply figures reported for the day.
New York March cotton closed steady with a net gain of 6 7 points as sales reached about 12,000 bales. Prices rose in early trading on firm English and British board of trade signals, then eased near the close. Reports of delayed crop preparations and rumors of stock movements to Georgia were noted along with unchanged to higher southern markets and expected spinner detraction.
Live stock trading figures show varied demand across cattle hog and sheep sections in New York Chicago and Baltimore markets. Cattle receipts and prices hover with buyers showing strength in Western calves and prime steers while hogs rise amid strong weekly totals and mixed lots across regions.
Baltimore markets report steady grain and sugar values with details for flour and corn futures. Wheat, corn, oats, rye, and feeds show mixed spot and contract prices, with receipts and shipments noted across regions and ranges for parities and grades.
Yesterday the Stock Exchange saw mixed action with Washington Gas advancing while Washington Railway and Electric preferred declined. Washington Railway and Electric 4% demand faded. a small sale of 1 000 shares at 76 reflected a half-point drop. Capital Traction bids softened. limited buying surfaced at 119 3 4. Gas rose 1% to 61 amid quiet demand. traders noted possible long-term loan liquidations. Mergenthaler posted strong odd lots around 124. Lanston Monotype holds annual meeting upcoming in Alexandria.
An advertisement from George C. Kordan of the Washington Manager seeks capable men to represent the company. It touts the beat quality products from Equitable Life of New York and highlights financial strength reliability and worldwide reputation. It emphasizes character and enterprise as the path to success in insurance sales.
Market listings show varied prices across dairy, eggs, flour, meat, and produce. Notable items include creamery receipts, cheese classifications, eggs from Pennsylvania and nearby, flour and rye flour, and commodities like cottonseed oil and petroleum with steady bids. Local and regional references include Western, Pennsylvanian, and New Jersey sources, with tonnage and per-barrel or per-ton figures for several goods.
New York grain reports show wheat receipts at 37.00 per bushel with exports of 40,253 bushels. Spot prices for No 2 red at 190% elevator and afloat, No 2 Hard Winter at 1.12% afloat. Wheat opened weak, then firm on shorts covering, later broke. Corn receipts 1,228 bushels with exports 78,527. Spot firm for No 2 elevator 72, No 2 white 65, No 2 yellow 85. May and July futures mixed, prices near unchanged to lower on the day.
The agriculture department bulletin shows wheat on hand March 1 1908 at about 3.5 percent of last year’s crop, corn at 87.1 percent, and oats at 86.5 percent. It estimates ship-out shares by county and notes the merchantable crop proportions for 1907, 1906, and the ten year average.
New Jones and Laughlin plant at Aliquippa Pennsylvania will be built and work resumes on the project after a fall shutdown. Officials report a gratifying rise in orders and expect continued improvement. Idle molders report to No 3 foundry. Westinghouse receivers announce more hiring as orders rise. An order for 12% miles of pipe 4 to 1 inches is anticipated this week.
Cleveland Ohio March 9 Former Judge Francis J Wing of this city filed a voluntary bankruptcy petition in U S District Court He stated liabilities of 13631 and assets 4165 Wing, who presided in the Northern District of Ohio until two years ago, resigned to become an attorney for Cassle Chadwick later convicted in the same court.
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