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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 26, 1908
Page
25
Wartime style market report notes a cautious rise in wheat and cotton prices after early weakness. It cites Washington port activity, western crop reports, and limited bulk buying as traders await clearer signals from New York exchanges.
Washington financial desk reports a subdued session on the local stock exchange as buying power waned and selling pressure limited gains. Bonds held, electric and utility issues sided with weak demand while Washington Railway and Electric shared modest moves and National City Bank stock changed hands in small lots amid talk of capital changes and potential liquidation plans for the Washington Exchange Bank.
The listing shows Gun ta tions and members of the Washington Stock Exchange with figures for Fatree northern sale, Metopelitan Railadus, Capital Tre tion, Washington Ratway, and City Bank. Prices and percentages are given for each item, with a closing note referencing yesterday’s trading and the change in values.
Detailed price movements and receipts for wheat corn and oats from New York May 1908. Includes bids closes fields shows spots, options and grain deliveries across districts with notes on damp rust damage rumors and market sentiment.
New York cotton opened steady then edged higher with gains late in the session amid selling pressure near 5 05 for July and August futures. Prices showed limited advance while Western terms and Southern mills indicated steady to firmer tones. Treasury and market notes from Wall Street reflected broad activity and a cautious tone.
Market notes show cattle and hog prices with mixed futures and wholesale bids across beef and pork categories. Morgan rotations cover a New York May 5 bond issue for the Chicago Burlington and Quincy Railway, offering 4 percent bonds at 90.5 with Morgan & Co handling the placement.
New York market reports receipts across cattle, calves, hogs, and sheep. Cattle and calf demand mixed with firm to higher grades, hogs down about 10 to 20 cents, sheep and lambs easing. Buffalo area notes show similar trends with steady to lower prices on several classes.
The Washington Post reports on cautious trading as the New York New Haven and Hartford suit alters sentiment. Traders cite anti corporation activity and unsettled railroad damage from floods affecting Pennsylvania Lackawanna plans, while Pennsylvanian work and Interurban demand hint at ongoing capital outlays despite market turbulence.
The Department of Justice and coal carrying railroads agreed the constitutional challenge to the law requiring railroads to dispose of certain holdings will be heard by three federal judges in Philadelphia on June 15. Prosecutions will not begin pending the court's decision.
Attorney B D Townsend will depart for Portland Oregon to file actions on behalf of the government to dispossess Southern Pacific of land in Western Oregon valued at 000000 and to secure a decree annulling the grant and restoring the lands to the public domain The lands were granted to Southern Pacific decades ago to spur railroad construction, but the holders allegedly did not fulfill all obligations to the government.
Central American legations celebrated the inauguration of the Central American Court of Arbitration in La Tag Costa Rica. National flags from the republics flew at the ceremony. The Brazilian embassy hoisted its flag and members of the diplomatic corps from Brazil Salvador and Nicaragua attended a congratulatory luncheon.
Postmaster Barnes replaces old pigeonhole cases with vertical filing units to modernize the office. The new cases resemble government departments and are intended to simplify work and streamline operations.
Baltimore markets report mixed grain futures and spot prices amid dull activity. Wheat and white corn show limited changes while oats and futures contracts reflect modest declines and stable freight rates across southern export receipts and domestic supply channels.
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