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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 21, 1907
Page
9
A quiet market sees continued liquidation of Rock Island Collateral Trust Bonds amid declines. The report tracks bond offerings, price movements, and trading activity, noting ongoing pressure on prices and renewed selling by holders and dealers.
Special to The Washington Post from New York reports a murky trading day with Union Pacific and other issues showing poor quality moves. The market held firm at times though overall weakness persisted as speculative positions shifted and investors awaited clarity on government note funding and bank circulation.
About twenty five members assembled to elect officers for the year. Hume was re elected president with Lynn as vice president and Woodruff secretary. Moses treasurer and Helt Fluther Williams named to the governing committee. Speechmaking praised the exchange, while market activity showed transactions in Mercanthaler bonds Washington Railway and Electric and Capital Traction.
Market roundup shows weak tone in local wheat and copper futures with London influences. Bond yields drift, cash balances cited, and government bonds soft while cattle and commodity quotes fluctuate.
Market reports show butter quality steady with good receipts in midweek trading. Poultry and eggs steady as springers and pullets arrive. ducks and geese, turkey, and other fowl mixed for weight and price. Vegetables and fruits display slow activity with No 1 potatoes, cabbages, beans, and tomatoes listed with assorted per hundred or per crate pricing. Cattle, calves, hogs, sheep, and goats receipts varied. higher or lower quotes noted for some categories amid fluctuating demand.
New York reports a modest revival in iron and steel demand with buying near 60 to 60 percent of capacity and more actual consumption expected as orders from previous purchases improve. Production remains delayed and U S Steel Corp plans further cuts, while prices for wheat, flour, and other staples show steady to soft movement amid mixed domestic activity.
New York cotton trading opened steady with price moves muted and market sentiment cautious ahead of later market signals. Prices hovered near prior levels as brokers weighed Liverpool futures and recent supply data amid awaited government or trade reports.
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