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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 10, 1908
Page
25
The market closed higher with broad buying and strong steel shares. Foreign demand supported gains while few declines appeared, and investors watched rail and mining sectors amid hints of continued economic strength.
Special to The Warblegton Poot reports a cautious but rising mood on New York bonds and equities. Traders note increased interior demand, rising United States Realty, revived Duluth stove works, and a general tilt toward optimism amid steady wire-house activity and hopes for calmer political turmoil later in the year.
United States Treasury and New York stock market notices show curb quotations, price bids, and asks for American Bridge Foundry, American Tobacco, Consolidated Steamship, and various railroads. Government bonds, bank rates, and exchange figures indicate a cautious trading day with mixed demand for securities and notes. Strong entities include United States Treasury, New York, and several railroads and banks.
The London tin market rose with spot at 1341b and futures at 1210 st2 while copper closed at £57 16s and futures £38 60 in English markets. Local activity was dull yet higher in sympathy with cables. other metals like lead, zinc, and iron showed varied gains or soft local markets.
Wholesale prices show firm to rising trends on fresh Virginia and North Carolina goods with quotes steady for butter despite tight supplies. Live poultry demand remains strong with hens and turkeys scarce. dressed poultry and other farm items such as cattle, hogs, and vegetables are listed with price ranges and offerings. Local ads invite readers to place want ads at King's Pharmacy or The Post branches.
Wheat futures eased as the government crop reserve figures showed farmers hold 1.29 billion bushels. May wheat opened down then rose briefly before closing near 95 cents. Corn and oats were steady to higher with provisions and live hogs firmer on export demand. Local receipts and deliveries varied across contracts as market mood shifted after the report.
The New York cotton market closed steady after a modest rise in early trading, with about 12,000 bales sold. Reports cited stronger foreign cables, English sales, and a Briton board of trade boost, while traders watched delayed crop prep and a potential outflow from local stock to Georgia mills starting April 1. Southern markets were mostly unchanged to slightly higher as spinners remained cautious.
New York market reports 3,685 cattle receipts with higher steer prices and steady cows. calves and Western calves steady to higher. Hogs up 16 to 25 cents with distillations in various weights. Sheep and lambs steady to strong, with prime offerings in demand. Chicago and Baltimore summaries show mixed movements, with strong hog and cattle tones and weekly totals.
Baltimore markets report steady to firm tones across staples. Wheat futures show mixed spot and futures. corn prices range as white and yellow varieties move, oats steady, rye firm. Hog and butter remarks indicate stable dairy and meat markets. sugar remains active with refined and granulated forms noted.
Stock Exchange session shows good attendance but little actionable business. Washington Gas rises while Washington Railway and Electric preferred slips to 66 after a sale. Capital Traction bids wane. a few shares trade near 119 1 4. Gas inquiries noted from out of town amid cautious sentiment on dividends. Lanston Monotype annual meeting slated for Alexandria. Mergenthaler solid in odd lots. Thomas Jame takes office at 14 1 2 EF Street NW.
A Washington manager seeks capable men to represent a major insurer. The ad touts the firm’s strength, reliability, and global reputation, inviting experienced or new agents to join the force at the Bond Building location.
Daily market report from New York listing steady to mixed prices across meats dairy eggs flour rice and fats. Highlights include firm lard and pork values, steady cheese and eggs receipts, steady hay and wool, and varied produce notes on potatoes onions and beans with regionally sourced figures for Pennsylvan ia Delaware Jersey and Bermuda outputs.
Wheat and corn futures mixed with broad activity in New York. Receipts and exports listed, with spot markets firm for corn until late, while wheat declined on crop concerns and profit taking. May and July futures showed modest changes amid strong support from improving crop prospects.
The Department of Agriculture bulletin reports 1908 March 1 holdings by crop. Wheat on hand about 3.5 percent of last year’s crop, corn 87.1 percent, and oats 86.5 percent. Shipped portions, averages, and ten year context used to frame 1907 crop totals.
Jones & Laughlin Steel Company resumes work on its Aliquippa plant after a fall stoppage. An uptick in orders is reported and officers expect continued improvement. Idle molders are recalled to No. 3 foundry. Westinghouse Electric receivers report higher orders and plan to add workers. An order for 12 1/2 miles of pipe of 4 to 1 inch sizes is expected this week.
Cleveland Ohio March 9 former judge Francis J Wing who presided in the Northern District of Ohio until two years ago fled a voluntary bankruptcy petition in federal court. Liabilities are listed at 13631 and assets 4165. After resigning he became an attorney for Cassle Chadwick who later was convicted in the same court.
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