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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 23, 1908
Page
2
A Washington Post report chronicles erratic trading with price declines and brief rallies led by Reading and Union Pacific. London shares buoyed by the day’s movements, while overall quotations drift lower and volumes rise as investors react to shifting sentiment.
The Washington Post report from New York describes a feverish, risk averse trading day with investors selling bargains and brokers cautious. It notes rising selling by former buyers, idle freight cars, and mixed reactions to ship subsidy news, with rail and metal stocks fluctuating and readings on Union Pacific and Reading showing notable activity.
New York May 22 Bond and stock activity shows mixed results with rails and industrials leading declines while utilities and a few regional issues edge higher. Notable movements include gains for some midwest steel and chemical stocks, and broad trading driven by bank and treasury activity as dealers quote cash and note offerings.
Local markets showed limited reaction to Congress approving a bill allowing traction firms to access Union Station tracks. Bond sales included 4000 in bonds and eight shares of Washington Railway and Electric, plus 3000 in Capital Traction bonds at 112, with weather and steady bank stock activity shaping a quiet session.
Market notes show mixed moves with eggs and meats steady or unchanged, coffee and sugar quiet, and oils and metals fluctuating. Spot prices in New York and London are reported with several items listing specific No numbers and yields, including copper, tin, lead, and petroleum, as traders assess near term demand.
Baltimore markets show dull receipts and mixed price notes across commodities. Corn steady with mixed bids, oats steady, and costs in West and South trade channels. dairy and canned goods reflect small shifts while futures appear flat.
Report of the condition of the Merchants and Mechanics Savings Bank of Washington District of Columbia as of May 14 1905. Assets show loans and discounts 1 112 80. cash deposits and other assets itemize securities furnishings and fixtures. Liabilities list capital in paid in 200 surplus 35 500 09 and deposits total 3 640 437 59 with certain trusts and banking lease adjustments. Notary sworn statement by cashier J Fendall Cain and directors’ signature block attached.
National City Bank of New York reports loans and discounts, deposits, bonds, reserves, and capital figures as of May 14 1908 in New York. The statement lists assets including loans secured and unsecured bonds deposits and specie, and liabilities such as capital stock undivided profits and deposits. Official affirmations attest to accuracy by the cashier and board officers in Washington District of Columbia.
The report details resources and liabilities of TG National Savings and Trust Co including real estate, securities, loans, and deposits. It lists capital, surplus, undivided profits, and taxes with figures for notes, bonds, and cash items, plus signatures and notary attestations from 1908.
Live stock market summaries show receipts totals: cattle about 2,870, calves 658, hogs 2,515, sheep and lambs 681. Prices range with steers 76 to 96, cows 47 to 75, mixed cattle 75 to 170, choicest hogs 8.0 to 9.0, heavy hogs 8.0 to 8.5, lambs 7.50 to 8.75 per 100 pounds. markets described as lower to steady across categories with some items firm in places and others slow or unchanged.
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