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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 05, 1908
Page
25
London shares drifted lower while New York prices showed weakness in a trading session marked by unsettled sentiment. Reports from Asia and Europe fed caution as investors awaited further developments and potential bond issues from major issuers.
Daily market snapshot notes renewed activity in limited trading. Capital Traction and Gas stock rise, Hatopilas Mining elects Shepherd Jr as general manager, Railways stay firm, and a broad mix of bonds and commodities show mixed moves.
Washington produce and market notes show firm prices for creamers and dairy, turkey and poultry quotes, and wheat, potato, tomato, and fruit listings. London tin copper and lead futures are reported as steady to higher, with inland markets mixed and local shipments balancing futures and spot prices.
Two large apartment houses changed hands in New York city yesterday. The Montgomery block at the southeast corner of North Capitol and M streets sold for 125000 to Clarence Pettit of Pittsburg, while the Pierpont at 217 F street NW, a four story building with twenty apartments, was transferred from Charles E Banes to Mrs Alice V Wasgaman.
A chaotic market scene in New York shows corn futures briefly rising as traders react to mixed signals. Prices moved within a narrow range with offers around 40 to 44 cents, while other grains held steady amid speculative activity and unsettled demand forecasts.
A Washington Post style market brief from May 4 discusses Southern Pacific’s strength and its impact on the broader market. It notes a new high for the year, a 2 point rebound from panic lows, and ongoing short interest with bond issuance rumors. Amalgamated Copper shows effort to squeeze shorts but fails to sustain a rally. Pennsyl vania and unions are cited in the day’s trading chatter with dividend expectations and ex-dividend talk.
There was a sharp advance in cotton futures on the New York Cotton Exchange as speculators bought heavily amid Liverpool market strength and favorable weather reports. Prices for May and July contracts rose about 3 to 4 points, with totals around 40,000 bales traded, as traders protected positions and awaited further cues.
New York May 4 A notice reports Sillsvesart Fish will claim a letter addressed to Presdent Gears Jay Good and Mr Fis at a Missouri Railway Company office. The document notes positions and a voyage, with details about letters and dates, and mentions Ted being at a certain residence.
Market page notes varied prices across commodities with some gains and others steady. Reports mention weights, percentages, and several local vendors, reflecting a busy trading day in the city markets.
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