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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 19, 1908
Page
25
New York May 18 The market posted record strength with leaders like Missouri Pacific and Union Pacific advancing amid large short interest and steady buying. Gould stocks posted gains led by Denver and Rio Grande while Western Union and others climbed. Tidewater notes sold to a syndicate to retire debt and fund construction.
Trading on the Washington Stock Exchange strengthened with gains across multiple names. Washington Railway and Electric climbs to 3 percent, Mergenthaler nears 200, and Lanston shows active demand as copper mine news and bank moves shape sentiment.
The Washington Stock Exchange reports midday quotations from Thos Lo Hume & to members. Highlights include Railway and Electric offerings, Capital Traction and Washington Railway equities, various bonds, freight rates, grain futures, and assorted banking and utility stocks with bid and ask observations across multiple listings and commodities.
Wholesale quotations show eggs with higher jobbing prices in nearby Virginia West Virginia and Southwest Virginia and North Carolina. Butter markets list creamery fancy and western firsts with mixed fair to good quality, while live poultry notes quiet hens and dull ducks and geese with price points for turkeys chickens and geese. Vegetables and fruits display slow market with assorted items like old potatoes beets carrots cabbage peppers tomatoes and apples as well as cranberries and strawberries in variable boxes and baskets.
New York Produce Market details prices for poultry butter creamery items and dairy goods. Includes state and nearby white butter, skimmed, full cream, and cream, with receipts and percentages. Also lists flour, corn, hides, meats, petroleum, sugars, coffee, and potatoes with steady or quiet market notes and regional ranges.
Wheat receipts 214 700 exports 17 990 spot barely steady No 2 red 104 nominal elevator No 7 red 107 nominal to boat No 1 Northern Duluth 113% f0 f0 boat No 2 hard winter 111% f0 boat. In forenoon wheat irregular but mostly steady on crop news and bullish vigils. later rallied with corn and closed near unchanged. Corn receipts 19350 spot easy No 2 76 elevator 72% afloat May 77 July 74% Sep 72. Oats receipts 148500 not easy mixed 26 33 pounds natural white 28 42 pounds clipped white 32 40 pounds. Butter and cheese noted but market quiet.
Chicago May 18 Wheat rose on damp reports as July delivery gained, while corn dipped late on selling. Prices swung within a wide range with ongoing rain in the Midwest. receipts fell, and exports and supplies showed mixed movements. Provisions held firm on tighter hog markets and leaner futures.
Cattle and hog receipts run high with market easing modestly. Beef and veal prices show slow demand while lambs and sheep trade lower. calves and calves flesh mixed, with dressed weights fluctuating as reports from Liverpool London and Chicago influence bids.
New York May 18 brisk upswing in the stock market with Gould rails and Missouri Pacific leading gains as call money falls to 1 percent. Traders link the rise to Texas railroad tax case and expect long pull purchases funded by six month loans while Europe prepares to receive over $4,000,000 in gold. Brokers report heightened activity, larger commission business, and speculative strength across regions as bankers anticipate continued market momentum.
New York May 14 Idle freight cars numbered about 413 488 on April 23 from a rise of 27 700 since mid April and 5 770 by April 15. The fleet equals one fourth to one fifth of all cars, with capacity stocks idle and valued around 400 million dollars. Locomotives idle exceed 6 500, pushing unproductive rail capital to roughly 117 million dollars, creating a daily cost burden on remaining active equipment and revenues.
The London tin market rose with spot at 16 pounds per ton and futures higher, while local prices were firm. Lead advanced in London but stayed quiet locally, with zinc and iron figures showing modest shifts. Cotton markets displayed volatile swings with brief gains and late selling amid weather and demand reports.
Fragmentary market notes list figures for QU City Pa Way and Toledo Mev with averages and shipments, plus references to oil worth lime and South Lima Indiana. A five hundred dollar reward and a note to watch for your name at the cashier appear, with a pointer to Page 16 for further information.
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