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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Oct 18, 1904
Page
13
Markets opened with mixed signals as trading activity waxed and waned on the floor. Investors watched steel and railroad sectors for leadership while volumes remained light amid cautious optimism about the near term outlook.
The market opened with a minor advance but then weakened as local bears and professional traders sold for the account of speculative interest. By close, prices showed a net decline of about 10 to 12 points amid mixed activity and higher interior stock accumulation.
The Chicago grain report shows continued price weakness across corn, oats, and wheat as domestic and export demand falters. Bearish outlook driven by wary sentiment, lower receipts, and sizable primary movements weigh on prices despite some intraday rebound. Local deliveries and large tentative shipments add to the cautious trading atmosphere in a global grain context.
A long OCR fragment lists various bonds and stocks including Washington Railway and Electric, Metropolitan Street Railways, and other securities and banks. It references preferred shares, debentures, and certificates of indebtedness, with scattered figures and percentages.
New York October 17 The cotton market opened steady to firmer but traded lower as early session activity eased. Reports from the South showed spillover frost concerns and a softer spot market amid fluctuating prices. Brokers noted slight gains earlier but selling pressure prevailed, with December futures drifting and some months showing modest declines.
The New York Oct 1 market reports show wheat futures with a lower opening and some gains mid-session as traders weigh guidance from cargo receipts and export demand. Dairy goods such as butter and cheese remain firm to weak, with creamery prices showing uneven movement, while grains and feeds track nearby futures and spot imports in a choppy trading day.
Stockholders approve merger creating National Metropolitan Citizens Bank with capital 900000 and surplus 700000. Directors elected include Southard Parker S W Woodward George Truesdell James B Wimner John F Wikins and others. Dividend declared 2 per share, surplus to be increased by 0.882 per share. Metropolis stock and bank shares traded with varied prices as the Commercial Bank prepares to open tomorrow.
New York trading opened with heavy selling and large lots across major issues. Prices fluctuated through the morning with United States Steel and Pennsylvania among active names, profit taking creeping in late as out of town traders stayed engaged, and the market closed irregularly after a volatile session.
Officers of the Baltimore and Ohio Railroad system met for annual sessions in Pittsburg. Oscar G. Sturray elected president, succeeding Loree who retired. board reorganized due to deaths and resignations. Financial statements were read and approved. earnings and improvements across properties noted.
Creditors of Han George W Crouse and the Autman Miller Company seek to set aside conveyances worth nearly a million dollars. Crouse, once president and principal indorser, is bankrupt. Suits filed in U S Court in Cleveland with creditors including Merchantile National Bank First National Cleveland National Bank of Cleveland and Bank of America of New York.
Live stock markets show steady to higher tone across cattle hogs and sheep with receipts varying by class. Cattle receipts around 31 000 including Western and Texan feeders steady to prime, hogs 69 00 to 620, sheep and lambs about 40 000 with lambs and yearlings steady to good. calves moderate with open bidding and stable tone.
Assistant Secretary Hatch reports the summer outings reached thousands. Tickets and excursions were provided by multiple groups including Washington Time, River View, Warstall Hall, and local churches. The committee approved six months of work, with Wallace Match kept as secretary and half salary funded, and thanks extended to all supporters.
A letter from Grahame A Ponwell of Washington dated Oct 17 defends Major Seaman a New York City surgeon and veteran of the Spanish war. It asserts Seaman stood by his views on Japan Russia front conditions after personal observation in Japan and Manchuria and notes he traveled there at his own expense. The piece mentions support for Seaman from other unnamed sources and claims he would not retract his statements under pressure. Also reported is the funeral of Fireman Arthur B Gibbons of Engine Company 1 and details of the fire department escort.
The American Gaslight Manufacturers Association will convene in New Willitd tomorrow with about three hundred delegates expected to attend. Delegates will visit Mount Vernon as guests of the Washington Gas Light Company. Treasury receipts show internal revenue and customs collections with miscellaneous items and expenditures totaling stated amounts.
An advert promises a guaranteed cure for dry tetter with a $1 deposit for a “Special Cure”. It claims a bottle heals skin irritation on knees elbows and scalp and offers a general agent for orders. The ad lists AFleck as wholesale and retail drug store in Chicago and requests written inquiries for circulars.
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