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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Aug 11, 1909
Page
11
The stock market sits in a listless mood with little new demand for higher prices. Shorts are forced to cover as crop reports and profit taking fail to generate sustained buying, leaving prices pressured and market activity subdued.
The piece notes a semi official report that Denver and Rio Grande secured 5.06 million dollars from Deutsche Bank to fund upgrades on the Denver line ahead of traffic from the Western Pacific opening. It discusses stock trading, broker caution on margin, and the slower, steadier market movement reducing waves of speculative profits.
Fragmented OCR text outlines quotations and listings from the Washington Stock Exchange. It mentions Piney, the Washington Block Exchange, and references Erie bonds. The readable parts indicate bond quotes and securities activity, but many words are garbled.
A garbled market page shows various prices and commodities at Washington Produce Market. Items mentioned include turkeys chickens eggs potatoes tomatoes corn radishes squash and peppers with scattered prices per pound and per unit. the readable fragments suggest a typical vendor listing with seasonal produce and meats. The text cites several place names and a few brand-like terms, but many details are obscured by OCR errors.
The article reports cattle prices in Washington with calves and hogs, notes market activity and per pound values, and mentions fluctuations in grain, wheat, and money markets. It includes New York money market rates, wheat futures, and London market context with various commodity prices and delivery notes.
Stockholders in Cincinnati Ohio Aug 10 ratified the merger plan with the Baltimore and Ohio Railroad. The meeting approved financial reorganization details by J P Morgan Co but equity from Cincinnati Hamilton and Dayton creditors must be secured first. Baltimore stockholders also approved directors action. $500000 of notes declined terms. B&O holds option on Cincinnati Hamilton and Dayton stock.
The August 1 crop report shows cotton rice hay buckwheat and apples below year and decade averages while winter and spring wheat corn oats and grapes outperform. Totals indicate higher overall crop condition with cultivated acreage up about 14 percent year over year and notable regional variation across states East and West of the Mississippi.
Baltimore Aug 10 after two years all departments of the Maryland Steel Company are operating six days weekly. Orders have surged for several weeks and the backlog is the largest since 1907, with continued expansion expected as railroads resume buying. The latest order is for 10,006 tons of Bessemer steel for the Baltimore and Ohio Railroad at $58 a ton.
A Virginia and Kentucky coal lands acquisition valued around 1.4 million dollars involving Lee County interests spans 11 090 acres. The Interisle Abie Investment Compass of 1 Tag sold 1000 acres in the Consolidated Coke Company tie to Lee County. The transaction, amid a series of regional coal deals, reflects rapid consolidation in the industry with multiple parties and a complex financial structure.
July fire report notes total estimated loss around 8.17, with insurance covering 198 07 for bells and 187 for alarms. Commissioners review indicates fatalities occurred during the month. engineer Wegner from the department filed the figures.
A New York report notes a large gold transfer to Japan via the Sokehema specie Bank. An equal amount is prepared for transfer through the Treasury from San Francisco, with export totals reaching four tote shipments totaling 4,400,000 dollars to Japan by the bank since earlier.
New York grain receipts and price movements show a volatile session with spot values slipping to near new lows before closing mixed. Reports indicate ongoing vigor, with declines in wheat and corn values while oats and barley show varied activity amid persistent selling and modest covering.
Three Baltimoreans Tolson Koontz and Koontz were arrested after riding on the bumpers of a Pennsylvania freight train from Baltimore toward Washington. They claimed it was only for fun and would return to Baltimore. Police pursued near Benning Crossing. suspects were captured as rail crews alerted authorities.
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