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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 12, 1908
Page
33
In a fourth time this year exchange transactions exceed 3,000,000 shares led by large dealings in Reading and Grion Pacific accompanied by liquidation. The session shows fluctuations amid brisk market activity with speculation and pilot trading noted.
Market report shows activity in New York stocks and bonds with yields around 4.55 percent and notable totals in outstanding issues. Investors monitor prices, treasuries, and broker quotes as trading continues amid varied sector performance and rate expectations.
Readable fragments show Washington Stock Exchange quotations, railroad and utility shares, commodities, and bank notes mixed with market rumors. The piece notes various prices for Washington Railway and Electric, gas, steel, and agricultural products, plus commodity markets and corn and grain quotes.
New York prices for poultry butter eggs flour and meats mixed with steady to firm tones. Wheat and corn markets declined on weaker export demand and larger country offerings while oats and rye held steady amid fluctuating futures and spot bids.
The New York cotton market opened firmer but slipped into a bear mood as trading showed renewed selling pressure. Prices fell roughly 4 to 7 points from early highs, with reports noting nervous sentiment and thin demand. Traders watched mixed weather signals and speculative activity, while some contracts traded around 945 to 1,000 points, reflecting cautious expectations for the session.
The market opened with a sharp advance led by New York Central surging over two points above last sale. Reading and Associated stocks saw heavy early volume as bulls pressed, while bond and rail notes prompted widespread speculation on shorts covering.
The yesterday market rallied in railways with rising momentum and strong inquiry for investments. Bond notes show Washington Railway and Wleciness trading near 82 1 8 with a 4 1 8% yield, while 2009 Columbia Railway 6s sold after ear. Washington Gas certificates quoted ex interest at 102. Capital Traction held steady near 123 1 2. Wer Genthaler and Lanston showed modest activity with prices around 196 1 8 and 23 1 8 bid respectively, amid shifting control rumors and active stock exchanges.
In Chicago on May 1 the Chicago Association of Commerce adopted resolutions opposing any advance in railroad rates. It argued that the current unsettled business conditions, cited by railroads as a reason to raise rates, are precisely why increases should not be made.
Market receipts total 2 263 head with mixed gains across cattle hogs and sheep. Steers, bulls and calves show varying prices while dressed beef ranges from 1.061 to 1.640 per pound. hogs steady with select lots near 5.51 to 5.65 per hundredweight. sheep and lambs firm to higher with strong demand and large weekly totals.
Fragmented OCR text shows Baltimore markets with references to corn oats wheat and other commodities. Mentions of steamship deliveries, notes on contracts, some figures, and various disjointed terms without coherent narrative or clear outcomes.
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