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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 12, 1908
Page
2
Fourth time this year the New York exchange reports a total of over 4,000,000 shares traded with large dealings. Reading and Grion Pacific see accompanying liquidation as the day progresses, with speakers and market forces described in cautious terms, amid fluctuations and official commentary.
The page reports trading mood in New York stocks and bonds with figures around 4.55 percent and notes on investor activity. It lists assorted bond yields, market markers, and scattered prices, reflecting a broad financial landscape for that period.
A dense OCR compiled list of stock prices and quotations from Washington Gas Washington Railway and Electric Capital Tract and other firms. It includes calls bids yields and several farm and grain price notes alongside British market shifts and a note on a corn cornering proposal.
The New York market reports mixed grains and commodities with wheat futures slipping on May 10 and May deliveries, while corn and oats show tentative declines. Prices for eggs, butter, and meat reflect steady to quiet trading amid export demand shifts and local storage movements.
The New York cotton market opened lower with persistent bear pressure and liquidation. Prices moved sharply down after brief rallies, with traders noting a volatile session as bears dominated and demand remained uncertain.
New York May 1 One notable advance at the open was New York Central, leaping over two points above last sale. Five quick trades totaled 3,000 shares, a brisk early burst. Reading and other issues followed with high activity, market breadth broad but then eased. The day featured strong London influence, short-covering bets, and bull tips that spurred buying while some traders remained cautious on overall gains. American Smelting and Refining drew steady interest alongside National Lead speculation and a potential change in Southern Pacific financing. Bond news and currency gaps added to mixed sentiment as the session progressed.
In a brisk railway oriented session yesterday the local market showed rising tendency and strong inquiry for investment issues. Washington Railway and Wleciness traded around 82 1 8 and 82 1 4 with 2009 Columbia Railway 6s noted after ear. Washington Gas certificates quoted ex interest at 102 while Washington Railway and Bilectric stocks drew attention with a common at 22 3 8 rising toward 23 1 8 on sizable lots.
Chicago on May 1 the Chicago Association of Commerce adopted resolutions opposing any advance in railroad rates. It argued that the distressed business conditions cited by railroads as justification for higher rates are precisely why rates should not be raised from their present level.
New York market data shows receipts around 2263 head with cattle and hogs mixed in price. Steers and bulls range slightly higher while calves and sheep demand remain active. hogs steady with varied weight classes and lower run of lambs. Prices quoted for dressed beef and market totals reflect a generally firm session with regional variations.
Fragmented OCR notes list various grain and commodity items including corn, oats, and western export references. Mentions of steamer numbers, futures quotes such as 9.50106 and 9.3, unsettled dates, and scattered vendor terms reflect a noisy market page with incomplete data and price markers.
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