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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 17, 1910
Page
2
The read on prices showed gains early and a final-hour dip as volumes stayed light. Analysts noted friction hints among stockholders in United States Rubber and observed notable attention to rail and utility issues amid a broad market pause.
Light activity in New York bond markets with prices largely steady. Dealers report mild gains in some issues as the Southeastern and Western Pacific offerings show slight price movement amid fluctuating demand.
The Washington Port report notes London prices and a strong opening for Chesapeake and Ohio shares, but a receivership crisis in Hocking Valley drags the market down. Investors fear dividend cuts as Hocking Valley funds support Chesapeake bonds, with Reading and the second preferred stock dynamics shaping trading.
The New York Stock Market report for Monday May 16 1910 shows active trading with notable gains in leading industrials and railroads. Buyers pushed prices higher across Railway and Steel issues while smalls and bonds offered mixed results.
May data from Cincinnati area markets show fluctuating cattle and hog values. North Lima and South Bama notes indicate mixed lamb and veal prices with declines tied to spring demand. Market observations mention weaker lambs and softer calf demand amid general trading activity.
Brokers showed weak demand for the proposed eight million dollar issue with bids modest and several securities trading at elastic levels. Insurance stocks drew limited quotations. Home Savings Bank stock remains highly sought with bids near 290 and Union at 246, but offered only sparingly.
President Charles Warden of United States Trust reports booming lumber and farm sectors in southwestern Virginia and Tennessee. Treasury investigations show Western farmers moving to the South, with foreign land buyers rising and local bank deposits swelling as money flows toward Washington area banks.
Large banking houses sent letters saying they were not in the market. Mayor Reyburn said he probably would recommend raising the rate of interest. The absence of aids is linked to litigation between the city and taxpayers over finances.
May 16 New York cotton prices opened weak but improved to close steady with a small gain. Southern markets showed little change as weather conditions and crop reports remained mixed. Officials note a government June report and the London exchange to operate Wednesday and Thursday this week.
New York markets show butter prices with creamery specials and common to prime grades. Eggs steady with steady receipts from Pennsylvania and nearby, various grades and packing noted. Poultry, flour, lard, and oils listed with receipts and price ranges, including peanut and other commodities. overall quiet to steady market tone.
Market summaries show receipts and prices for cattle hogs sheep and lambs across New York and Chicago. Cattle and hog values move between tight and steady with mixed gains and declines. calves butchers and dressed veal quoted with regional variations and weekly totals provided. Prices cited include steer ranges around 6.25 to 10.00 and hogs near 10.00 to 10.35, with country lambs and spring lambs showing activity and lift in some lines.
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