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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 19, 1908
Page
2
Market closing figures show varied activity across sectors with several notable listings and price movements. Firms such as Argentine and Mexican issues, railroad bonds, and copper shares appear amid a broad range of industrials and utilities, reflecting a complex trading day.
Traders' National Bank directors meet and unanimously decide to surrender their charter and liquidate Their business will be taken over by Merchants and Mechanics Savings Bank in connection with its savings department The market shows active trading in Capital Traction and Washington Railway and Electric stock with mixed bids and limited transactions
Chicago grain prices rose with wheat closing higher for May and July delivery amid a bullish session driven by strong European markets and favorable weather. Corn also advanced with May options up and the market sustaining gains across the trading day, while oats and soybeal receipts provided mixed signals.
The New York cotton market showed volatility with prices sliding and testing lower levels amid cautious buying. Reports cited weaker sentiment in the South, pressure from sharp declines in late January prices, and news of dividend declarations by rail and utility companies, including New York Central and Reading Company, shaping investor mood.
Special to The Washington Star reports New York Central reverts from 6 to 5 percent dividend after fifteen months, prompting mixed reaction as investors note improved efficiency measures but question the move's necessity. Baltimore and Ohio February results weaken outlook while Reading and Southern facilities show varied strength. traders view overall earnings as uncertain amid capital needs and market rumors.
New York reporting March 12 shows mixed commodity movement with poultry and butter steady, cheese firm, and flour exports around 90 000 barrels. Grain futures fluctuated as wheat, corn, and oats rallied briefly on demand and weather, then closed knee higher. Spot cotton and petroleum steadied while lard and leather held firm, with sugar and molasses showing modest gains in refined markets.
Rhode Island cotton mill owners approve a ten percent wage reduction affecting about 30 000 workers. Notices will be posted at mills starting April 6 outlining the new salaries and terms. Approximately 20 000 operatives are expected to be affected.
Revenue and prices for live stock including cattle, sheep, and lambs across markets. Cattle and steers show varied bids with headcounts around 4000 head, with top prices noted for oxen and heifers while sheep and lambs see steady demand and notable receipts. Market totals include shipments, averages, and price ranges across multiple lots and vendors.
A cluttered market note shows unchanged and mixed receipts in wheat and other commodities, with references to exports, spot prices, and various buyers. The brief item mentions steady demand and several labeled consignments, highlighting the ongoing influence of overseas and domestic trade in the Baltimore market segment.
A summarized OCR fragment outlines money market rates in New York with figures like 1% per cent on short term loans, 3 and 4 per cent ranges, and references to prime mercantile paper, bankers bills, and commercial bills. It mentions exchange firms active in bankers bills and denominational quotes in various currencies, including Mexican pesos and government bonds.
An old advertisement touts Ayer's Hair Vigor as a solution to dandruff and baldness. It claims the product destroys dandruff and implies benefits for thinning hair, with humorous commentary on home furnishings and incomplete coverage.
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