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This newspaper page contains 19 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 03, 1907
Page
2
The article describes a volatile session where copper shares weaken after midmorning declines, then rally late with railroads outperforming industrials. It notes Amalgamated Copper and American Smelting faced pressure tied to a rumor of a price drop, while railway shares strengthened and the market faced nervous trading patterns and shifting demand.
Special to The Washington Post reports a dull New York London market with light turnover and many traders hedging against London holidays. Activity centers on covering shorts while Union Pacific speculation surfaces and sentiment hints at a coming revival. cotton and railroad earnings offer muted guidance amid overall market torpor.
Report notes that labor conditions were restored to factory standards at war era steel concerns. The strike reduced ore shipments by about 60 percent, with a fall in sales and potential savings totaling miners wages. Officials suggest the company faced no new fees and would suffer little harm from further reductions.
A July compilation lists new security issues totaling about 50 from the 50-dollar unit versus 360 000 in short term notes for the year’s first half, with six months’ total around 6 100 000 in various securities. Analysts expect continued weakness in new financing for the year, predicting months ahead may be lighter than July.
A noisy ledger of mining stocks and treasury notes shows varied activity with references to Liberty and copper brands, bullion balances, and gold related items. The report lists firms like Chapman Co and Grodin, with placements at several streets and markets, noting balances and shifting prices.
The note outlines curb market quotations with mixed currency figures and rates. It mentions New York August trading, a 64 per cent rate, and various percentages and exchange references tied to a regional auction or sale. Entires include references to copper, bonds, and broker names in a condensed late page table style.
The state department issued a charter to the United States Sugar Company of Washington DC with capital of 1,200,000. Incorporators are Samuel Cockrell and Clarence Marine, both of Washington.
New York August 2 The cotton market shows initial advance after Gov report but slips later as weather in the Western belt prompts rain showers. Prices rise about 2 cents for new crop futures while nearby gains fade. traders expect some improvement in October due to favorable conditions though official figures are awaited.
The Department of Agriculture orders held deviled ham imports from Buenos Aires after inspectors detect borax in trace amounts in Argentine samples. Officials say the material’s presence is not a danger but is used to restrict shipments. Argentina’s hog and pork product industry has grown, prompting government action and potential recalls or rejections.
Readable fragments show cattle market notes from Washington with prices for cattle hogs and spring sales. Includes per head and per pound figures. no clear dates or entities beyond generic market terms.
The London tin market fell with apat declining, while futures slipped to 2175. Locally demand softened with quotations mostly lower, copper down, and tin futures eased. Local copper and lead prices drifted and East London quotes showed declines in several trading entries.
The local exchange saw activity in Advanes and Chesapeake and Potomac Telephone stock with prices climbing from 44 12 to 49 as 77 shares changed hands while a closing bid of 48 and ask of 49 stood. Gas options traded first at 771 7 but moved to 7818 with brisk but cautious dealings. Lanston rose to 1814 amid limited offerings and a sense of scarce stock. The week ended with exchange members exiting, though major houses remain, and Parker of the National Metropolitan Bank plans two weeks at his farm in Milford Pa while A XK Parris of Parris & Co departs for camping near Water Hill.
New York market notes show varied commodity readings with butter receipts at 103, cheese weaker at 309T, and flour steady with exports near 97 barrels. Poultry rises in spring chickens while cotton and grain futures reflect mixed tone. weather and ship activity influence shipments and prices across wheat corn oats and rice sectors.
Fragmented OCR item lists oil quotations, credits, and balances with unreadable figures. Mentions prices and commodities in a dated, sparse format.
London reports a bill by John Burns to empower the Board of Trade to tighten control over imported food. It would authorize port authorities to inspect, sample, and destroy unsound goods, aiming to prevent public health risks from processed foods and storage. Burns notes European reluctance and defends a 40 day start for enforcement.
New York reports better buying for fall with improved shipments of goods in the South Western markets. Fat goods shipments expand and distributive trade shows a more optimistic tone. Activity remains varied with strong wool and cotton dry goods notes, while crude and finished product buying slows vs last year. Wheat and corn exports for the week show substantial figures amid fiscal year totals.
Washington Alexandria and Mount Vernon Railway Company sues Fear Helated Trust Company in the federal circuit court seeking an injunction to prevent sale or transfer of bonds it alleges were improperly issued and not canceled by former president Frank K Hipple who died by suicide before the trust closed. The case cites multiple bond issues secured by mortgages on the railway’s property and alleges fraudulent releases and misused security to the detriment of the railroad and bondholders.
The Department of Agriculture reports cotton condition on July 25 at 750 versus 20 on June 25, with August 7 figures showing a range of visible supply. Secretary Hestrer notes total visible world cotton at about 209% bales, up from last week, with American cotton at 1, WSN against 17,685 last week and 18s 47 last year. other countries show declines and afloat stocks in Britain and Europe.
Henry F Blount, former Greene Consolidated Copper director and American Security and Trust president, states that it is impossible to tell when any dividend on the combined Greene Cananea properties will be paid. He notes the merger aims to stabilize finances, update works, and resume dividend payments only after capital needs are met and ore can be mined and treated at low cost. The company plans to fund necessary new works and reorganize assets before declaring dividends, with priority given to stabilizing operations.
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