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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 11, 1908
Page
29
Washington March 1 report notes profit taking in the stock market with many leaders slipping while a few gains occur. Freight rate optimism and currency pressures cloud outlook as speculation suggests possible rail fare adjustments and wage changes affecting future trading.
New York bond market rises and falls across rails utilities and railroads with prices listed for several issuers including New York Central New Jersey Central Northern Pacific and United States Steel. Market notes mention trading hours and guidance for investors with many bonds quoted in 4s 4 1 2s and related denominations. The item also notes a local help line offering to relay want ads to the publication office.
Treasury balance and receipts listed for March 10 1908 including miscellaneous receipts amounting to 808 20 465 810 25 95 437.95 and total available cash at 4206 256 471 80. Reserve fund coin and bullion and trust funds shown with outstanding issues and redemption values. market quotes follow in New York on March 10 with securities and exchange rates noted.
London tin closed around £184 10s per ton while copper fell to £87 1s 1d in London with futures at £55 25s. Local Boston prices showed weakness in tin and copper and little change in lead and iron market readings.
The market showed broader activity with many quotation lots of Gas trading near 1-4, closing around 611-3. Capital Traction held at 120 as limited supply steadied bids, while Washington Hall Electric preferred fell 1/2 to 66 1/2. National City Bank stock attracted attention, with a sale around 10 rising to 13 and bids near 120, and Potomac Electric Power bonds discussed as a potential first mortgage through redemption. Greene-Cananea Copper’s W D Thornton heads to Cananea for April mining resumption planning.
Washington stock exchange quotations show wholesale eggs and dressed poultry with steady demand and mixed regional price movements. Butter and cheese markets are firm, while meat and fruit prices reflect active trading. grain futures and vegetables display varied bids and receipts.
Special to The Washington Post reports mixed sentiment as fears over a looming special message fade. Market focus shifts to the New York State 4 percent bond offering with expectations of oversubscription and renewed interest in the general bond market. Analysts cite railroad rate dynamics, wage trends, and labor efficiency as factors shaping stock activity while United States Steel and New York Central show muted gains amid profit-taking and dividend speculation.
Experienced agents wanted to write insurance with Equitable Life of New York. No prior line required. strong company reputation and worldwide presence. George C. Jordan, Washington Manager, 0 Bond Building, offers a generous, prompt return for capable men.
Export and domestic grain totals shown for 115 71 bushels of southern white corn GLGEG and 6k OATE steady. No 2 white and No 3 Thilte categories appear, alongside No 2 mixed. Rye Easter No 2 Western export 33 asked and domestic 9 604 bushels. 8 571 bushels exported. Hay steady and quiet. Sugar granulated price unchanged 5.102 fine, E10. Butter firm with fancy imitation and ladle grades. Cheese unchanged. story and mem.
Market report from New York shows creased steady turkeys and mixed commodity prices. Milk products, eggs, flour, cornmeal, hay, oils, and cotton listed with firm to quiet demand. beef, pork, lard, and potatoes noted as quiet or unchanged. Major items include petroleum steady, coffee dull, and various fruit and vegetable prices cited.
New York on March 10 reports receipts of 14 000 bushels of wheat with spot prices easing after heavy selling. May futures fell nearly two cents, while corn and oats rose on mixed demand as traders digested Western crop conditions and a government report.
Market observers note weakness after a late trade slide as Southern spot levels drop toward day’s lows. Reports from New Orleans hint at an easier spot market and pending liquidation, with potential delivery samples to follow next month under inspection.
Live stock trading shows limited cattle movements in New York with steady demand for dressed beef and calves. Chicago receipts hit about 400 cattle and 22,000 hogs with market steady to firm, while sheep and lambs remain steady to higher with several price ranges noted.
In OM City Pennsylvania on March 10 oil balances show 178 balances with 102,921 barrels in runs and an average of 120,971 barrels. Shipments total 198,124 barrels. Toledo, Ohio reports North Lime at 3.04 with South Lime and Indians quotes.
An OCR fragment shows cattle pricing for Washington market including cattle and sheep per cwt and per pound figures, plus livestock categories, followed by a Missouri Pacific Railway loss report from Lincoln Nebraska dated March 10. It states a six month loss of 255,339.97 across Nebraska operations and a protest against freight rate reductions filed with the railway commission, with every department reporting losses.
New York cotton eased through the day with a brief forenoon rally, closing just under yesterday's levels. Trade ran about 126000 bales with steady to slightly firmer opening before local selling pulled prices back, ending 2.5 to 3 points lower on active months and near previous close.
The note urges readers to consult their doctor if run down or tired and to not self diagnose. It promotes Ayer's non-alcoholic Sarsaparilla as a blood purifier, nerve tonic, and digestive aid with claims of no alcohol or stimulation and a strong alterative effects, citing 70-47% Co. EE.
Special county grand jury was told by Attorney General Jackson through James W. Osborne that the inquisition of the Ive trust would be discontinued. Poor quorum and a discovery of contracts with the American Ice Company disqualified Osborne from serving and inditing. The decision ends a long, arduous probe viewed as crucial to public interest by the jurors and officials.
In St Pauliau, Capt Francia B Tart defied the State board of examiners and the State Supreme Court during disbarment proceedings. He told the special court he did not care what action was taken, claiming the court ignored law and authority. He said he aimed to resist what he called corruption and the court’s assumed legislative functions.
Seven people were hurt when a funeral carriage carrying occupants including the late Mrs. Joseph Rosenbloom overturned after frightened horses bolted in Williamsburg. Two are reported seriously injured as the hearse and carriage were wrecked and the body remained in the overturned vehicle.
Philadelphia on March 10 reports that several thousand unemployed men will gain work on public works within a month. The city plans to pass a 10,000 loan, with Councils authorizing its issue at the next meeting and Mayor Reyburn to advertise for bids immediately.
Insurance statements show the condition of The Union Central Life Insurance Company of Cincinnati Ohio on December 1 1907 under District of Columbia code. Assets total 1 418 762 00 including cash in bank 341 612 19 real estate 416 762 00 bonds and mortgages first lien on real estate policies in force 5788 premiums uncollected and in hand of agents reserves required by law salaries and expenses commissions and brokerage and other assets. Capital stock and other liabilities noted. premiums in advance and commissions due agents on note. Money received 0 expended during year 1907. Signed by A R Clark President sworn Feb 1508 Notary William Pattison.
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