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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
May 30, 1908
Page
25
The Washington Post reports a market session where Gould issues joined a broad advance despite Wabash Pittsburg Terminal uncertainty. Stronger prices and renewed buying pushed most stocks up with rails and utilities showing gains amid holiday trading.
Fragmented list of prices and company names from Boston markets. Mentions Maine New York Hartford and several U S firms including American Sugar, Woolen, and Shoe Machine. Lacks coherent narrative or dates, providing only scattered closing figures and industry labels.
New York banks report large cash losses and reduced deposits as reserves fall while stock activity remains lively. The clearing house sector shows decreased loans and higher cash, with public deposits down significantly from year end. The note cites rising gold exports and copper production trends, predicting potential copper mine boosts if price conditions improve.
The report lists customs receipts, miscellaneous revenue, and deficits for the day and year, detailing funds from American Tobacco to Atlantic Coast Line, Chesapeake and Ohio, and other rail and railroad bonds. It shows available cash, reserve funds, and outstanding issues, including Treasury notes and various silver and gold holdings across multiple carriers and regions.
May market report shows tin up 23 on London with spot £159 3s, copper up 10 5s, lead up 1s? d, zinc and cadmium quoted with varied shifts. Locally markets quiet, middling prices steady across metals. dairy, poultry and produce sections note stable to modest gains.
A patchwork of commodity quotes floods the report with prices for flour, cornmeal, wheat, oats, fats, oils, and meats. Prices list Minnesota patent flour, cotton, sugar, coffee, and hides amid lean market notes, with futures drift and end of day closes noted for wheat and corn futures.
Special to The Washington Post reporters analyze Goulds Wabash Pittsburg terminal plan and rival trunk lines. Traders note Gould stocks rally despite tensions with major rails while iron and copper markets show mixed recovery signals amid hopeful reorganizations and market resistance at week’s end.
New York reports B G Dun and Co weekly review indicates industrial conditions advancing with many plants resuming next week and retail trade rising with favorable weather. Mercantile collections improve, money rates stay low, and raw material purchases lift activity across dry goods, textiles, and leather sectors amid cautious optimism and stronger demand forecasts for fall goods.
New York May 29 cot ton trading was subdued with fluctuations and a lower close after early declines. Sales estimated at 1,900 bales as old crop months fell on weak cables while new crop stayed relatively steady on covering amid favorable weather. Local reports note acreage up 17 percent and conditions improving, with government acreage data due Tuesday.
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