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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 23, 1907
Page
9
Markets show cautious mood with reduced pressure to liquidate and optimistic bets on fall demand. French imports and currency dynamics factor into the grain and bond outlook as banks reassess cash positions amid uncertain futures.
Tridal November quotes show money on call at 2 cents and 110 New York stock figures. Rates include sixty to ninety day bills around 7 to 8 percent with commercial paper at 10 to 11 percent. Bond and railroad security offerings noted with varying premiums and maturities.
Sparse attendance and light demand marked the local exchange yesterday as Washington Railway and Electric quoted 67 for fractional shares and Capital Traction at 13. A broker bought more Columbia Fire at 10 while Mitchell Mining traded around 100 shares at 12, with rumors of changes in local firms but no firm action.
Wall Street discusses gold purchases abroad aiding sentiment as hoped Bank of France may sell metal to ease demand in London and New York. Salon Pacific shifts investments away from railroads to certificates, signaling strategic moves amid market strain and rumors of large speculative accounts.
New York traders faced a volatile session with the index showing a 51 point drop at one point while futures and grains markets displayed uneven moves. Reports cite renewed Wall Street shorts, shifting trader sentiment, and mixed commodity quotes across wheat, corn, and rice with tentative recoveries late in the day.
Market notes show lambs steady and calves moderately active with varied quotations across cattle types. Several price fragments reference per pound and per head rates, including prime and common categories, plus historical date markers and credit line figures in a jumbled cattle market listing.
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