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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 13, 1907
Page
17
The day’s stock activity showed weak leadership from industrials while smelters led declines. Trading remained dominated by professional speculators with strong money demand amid Comex currency pressure and high gold imports. The session reflected broad investor caution, with copper shares faltering and a wary tone across markets.
The New York Stock Exchange closing quotatioons show mixed activity with many names such as Mergenthaler and Washington Railway and Electric trading at varied levels. Reports include government bond movements and brief references to general market conditions, with several rail and industrials mentioned among the day’s listings.
Market notes from Washington Produce Market listing prices for dairy products poultry and various meats with current receipts and market firmness. Items include creamery butter cheese eggs and live poultry as well as specific per pound quotes for roosters turkeys chickens and calf products.
New York Nov 12 The Washington Post special reports a Paris linked gold import rumor unsettled the market. Traders noted weak early gains in American Sugar Refining and Copper stocks amid speculation on dividends and large investors moving to protect positions. Sentiment soured as funds tightened and several banks on out of town suspensions fed unease.
At yesterday's local stock exchange session traders cited rising appetite and a buoyant mood with bets on an upward turn. Columbia Railway, Washington Railway and Electric, Zanlal Traction and Lanston Monotype moved in small lots or remained bid, while talk of a Baltimore Gas Electric lease and Bell system control dominated sentiment alongside steady to lower grain and bond activity.
The New York cotton market opened higher on short-covering and better regional demand but turned irregular, with prices retreating later as selling pressure grew. Reports indicate unsettled demand, with private wires noting spillover effects from European markets and mixed export prospects for the term.
Fragmented OCR lists cattle and sheep pricing including per head and per pound figures. Mentions common prices for ewes, lambs, and calves, with assorted animal types and measurement units, but many words are garbled. The readable items indicate market quotations and commodity terms without coherent narrative.
The metal market shows quiet demand in New York and London with tin trading around 143 and copper easing to 125. London may see mixed activity as traders note slight declines and inactivity in some shifts. Prices in New York rose for zinc while copper and tin displayed softer trends amid cautious sentiment.
Honolulu reports at the twenty fifth annual Planters Association meeting President BF Bishop warns labor from the Orient is unlikely amid U.S. anti Asiatic immigration trends. He calls for legislation permitting European-Asian immigration as a solution.
Market notes from Baltimore on November 1 detailing grain exports and domestic receipts. Mentions Western export figures, flour and butter products, and assorted commodities with mixed quality grades and packaging notes.
Secretary Cartel yon withheld public deposits data as banks in New York clearings total 573.06 million with 35 thousand placed in two weeks prior. Seven banks—First National Chase National National City Hanover National National Bank of Commerce Park National Chemical National—received most deposits to ease monetary strain amid the New York Philadelphia deadlock. Negotiations on relief plans progress, with a likely policy measure before week’s end.
Merchants National Bank of Portland pays 21.5 million and exits a city. It reports inability to meet heavy demands since holidays began, aims to resume operations soon. Officers J Frank Watson and Ralph W Hoyt say capital 2.9 million. last report shows surplus and deposits. Ravenswood Exchange Bank in Chicago area also closes amid heavy withdrawals and limited realizations. People’s Bank of California in Paneer closes pending state examiner review. capital 75 thousand with 15 thousand surplus.
William Nelson Cromwell reportedly gains control of the Georgian Railroad via a directors meeting in Savannah with resignations of Jakienh Thorne and Marsden Perr accepted. Cromwell and J W Cartesers elected, Harriman’s associate Castles named president of the Guarantee Trust Company of New York. Central’s President Hanson pledges growth and development, aiming to calm investors and restore confidence amid market tensions.
Secretary Cartelson reported rapid improvement in the financial situation with steady overall gains. Relief funds were being lent freely by banks in New York to the Middle West, especially St Louis, where smaller Southwest banks faced heavy demands for moving capital. The wagons of funds through usual channels signaled easing of prior stringent conditions.
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