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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 05, 1908
Page
33
The Washington Post reports unsettled London stock and commodity markets as New York prices lag despite general steadiness. Bond issuance of 160 million dollars is discussed for the Oman Pacific, with speculation of regional conspiracies and economic tensions abroad affecting sentiment.
New York financial notes report uneven activity with Capital Traction at 10 and a rise in Gas stock to 69-1/2 amid orderly buy orders. Rail and Electric common held at 20 while Hatopilas Mining elects Alexander Shepherd Jr as general manager with core officers named. markets show a cautious but active trading day across bonds, steel, and agricultural items.
Local market reports show broad fluctuations in dairy poultry and produce with prices for creamers and turkey meats steady or rising. London and New York commodity quotes edge higher for metals while domestic vegetables and fruits show varied demand and several price points in flux across the eastern markets.
Two large apartment properties changed hands in Washington yesterday. The Montgomery, at North Capitol and M streets, and the Pierpont at 217 F Street NW were sold for about 125000 dollars each. Thomas H Pickford sold the former to Clarence Pettit of Pittsburgh and the latter to Mrs Alice Wasgaman.
Fragmented text reports fluctuating New York cotton market trends with prices, futures, and daily data. Names, dates, and figures are garbled, but indicate active trading, price ranges around 40 dollars, and references to market participants and timing in late year.
The column notes Southern Pacific as the strongest stock with a new yearly high and a 2 point recovery from panic lows. It discusses short interest, bond and preferred stock financing, and claims of large incomplete mileage in Mexico and the western states. Ambitious bets and bear rumors surround Union Pacific, St. Paul, and Amalgamated Copper with traders watching for cover by large shorts and potential dividends and equity moves.
A sharp advance in cotton futures occurred on the New York Cotton Exchange as speculators bought heavily on Liverpool market strength and favorable weather signals. July and September contracts rose about 2 to 4 points, with prices near 87 and 89 cents per pound, and total sales around 40,000 bales.
Ambiguous notes report a fish related mishap and a letter claim involving President Gears Jay Good and Mr Fis in Missouri. The scattered text mentions the Missouri Railway Company, positions claimed, and a reference to Ted at a farm, with unclear dates or actions.
A dense regional market news item lists prices and transactions across Baltimore markets. Various commodities and vendors are mentioned with scattered figures, reflecting daily trade activity and local supply movements. The piece emphasizes price ranges and sale notes among merchants and buyers in the city.
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