Market Dull Again as Sterling Falls and NY Bonds Dip
The market shows a dull tone with net declines over a point. Sterling exchange weakens amid frost effects in the Corn Belt and news of an unfavorable New Haven Railroad stock issue proposal.
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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 26, 1907
Page
33
The market shows a dull tone with net declines over a point. Sterling exchange weakens amid frost effects in the Corn Belt and news of an unfavorable New Haven Railroad stock issue proposal.
Special to The Washington Port reports frost in the Northwest did little damage to crops but fuels bears in markets. Brokers expect an October cash need around 140.9 million dollars as money tightens. Union Pacific, copper sales to China, and New Haven stock declines dominate a volatile session. Metropolitan Street Railway and Interborough show weakness while telegraph and railroad shares face pressure. a broad market dip follows.
The London tin market slipped to 10s with quotes around 400, while copper traded around 5 and lead near 32. Local markets held steady with prices unchanged. New York stocks closed weak as bond yields rose. Government and railroad bonds remained steady in a cautious trading day as currency markets show a weak dollar trend.
The New York stock exchange saw a large attendance as prices rose and optimism grew. Washington Gas shares moved to 3 6 with gains, while Capital Traction and related securities showed declines. Mergenthaler remained firm, and whispers pointed to a forthcoming statement from the Mitchell Mines directors, though no confirmation arrived by press time.
Washington Gazette lists closing quotations for stocks and bonds across sectors led by Capital Traction and United States Tram. It notes rates on railroad bonds, utility issues, banks, and miscellaneous stocks with prices and percentage changes amid market activity.
A garbled OCR list from the Washington Produce Market shows wholesale price snippets for eggs dairy poultry and various vegetables and fruits. The text mentions Virginia North Carolina and West Virginia markets with multiple figures but includes many unreadable sections and broken phrases.
A historical price roundup from New York and Delaware markets shows a wide array of items including meats, poultry, flour, feed, wool, and crops. The report notes specific quantities, barrelling, and pricing patterns across regions, with emphasis on prime quality and standard market rates.
New York reports mixed grain receipts with 167000 wheat receipts and 4200 exports. Prices show weakness across futures with autumn and winter wheat futures firming lightly while oats and corn show uneven demand. Market notes reference frosts, Western grain movement, and cautious activity in cash markets as traders weigh supplies and demand.
The Chicago grain scene shows a bearish wheat pit despite some bullish news from the northern U.S. and Canada. December futures edged up briefly before closing near unchanged while corn and oats held firmer, and provisions largely steady amid fluctuating demand and cash receipts.
The New York cotton market showed tentative strength with some gains in midday trading while overseas markets offered mixed signals. Prices for several futures contracts fluctuated as investors weighed international commodity trends and domestic demand expectations.
Lambe steady calves and damana marine trivia8 orlean quoted cattle-Exir prices per ewe per pound. Hogs per eye gross 6006.TS ordinary and spring choice per pound. Calves price per pound SO8% medium per pound. Real estate loan at 5 percent by Heiskell and McLeran at 198 Bostonem t.
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