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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 17, 1908
Page
27
Market closes with a small gain as General Electric and leading stocks show modest advances. Smelters and steel mills near 90 percent capacity reflect steady demand while overall activity remains subdued amid mixed sector signals.
Quotations from The Washington Stock Exchange list prices and changes for multiple securities. Entries include Northwest Realty, Aluminum and Telegraphs, Capital Transit, Washington Gas, United Light and Power, and various rail and utility stocks with bid and asked figures, percent changes, and bond notes.
The market notes steady to firm prices across Western poultry and live stock, with 12 fowls 184 turkeys and 12620 fowls noted. Receipts include 16661 bolo exports and 29% cheese receipts, while wheat and flour markets show steady to quiet demand, with various futures prices and deliveries mentioned for May and July contracts.
Wall Street gossip notes a moderately active market and bear nerves amid mixed strength and inactivity. Gen Electric leads gains with about 414 points, while speculation swirls around dividends and potential stock moves. Reading, Jersey Central, and Steel attract attention as traders weigh short-term exits and long-term value.
Local trading in Washington Gas stock featured brisk activity with high bids and large block orders reported. National Metropolitan Bank president C Southard Parker announced his resignation after twelve years, to take effect with advisory continuation. no successor yet named. Adams buys corner residence at 2036 First Street NW for $7000, built by Lewis Breuninger with ten rooms two baths heated by hot water and oak trim. title held by William H Trew.
Injunction by Justice Barnard prevents tearing up the Philadelphia Washington and Baltimore Railroad tracks to the Navy Yard area. The order, requested by federal prosecutors Baker and McNamara, keeps the line intact until May 2 1910 and allows construction of a new switch. Government hopes Congress will settle traffic arrangements. about 2000 Navy Yard workers fear idleness. A separateHouse bill by Mr Sims proposes 400 for siding construction and damages.
The Bank of Somersworth closes after cashier Varney confesses to pilfering funds totaling about 85 000 over six years. President Tebbetts says Varney admitted the theft and that it was his alone. Currency examiner Bean said directors sought charges to liquidate the bank. Varney's salary and coverup tactics noted.
Secret inquest into conditions on Wall Street to be held at 3:45 this afternoon. A majority of the committee favors private sessions following a gas committee example. Gossip centers on evaluating the stock exchange's unlisted departments and recent securities transfers involving American Locomotive and National Lead Company.
At the instance of J Leftwich Sinclair a district justice and a judge ratified the Union Station grade damage commission report. It concerns payment of 16060 to property owners for land on the north side of J street northeast between Sixth and Reyent streets. Properties were damaged by raising the grade of T street in connection with the railroad terminal. Attorney Howard Boyd unlvolt Rosenberg appeared to be owner and consented to the awards.
Market notes show mixed receipts and steady prices across staples. Wheat and corn receipts are listed with varying export figures while soybeans, hay, and butter show firm or unchanged tones. Freight rates for grain stay quiet as sugar and refined items retain steady levels.
The copper market eased in New York while London prices softened. Futures stayed steady as electrolytic and casting prices varied locally. Iron and related metals showed little change, with minor shifts in London and regional markets and no notable domestic changes.
A testimonial claims Dr Miles Anti-Pain Pills ease rheumatic pains and nervous irritation aiding sleep. Sufferers are urged to consult their druggist, who supposedly offers a money refund if not effective, with Mississippi Armstronge? No. 1306 Casa Bt Wikhart. Product from Miles Medital Co Elinart, Ind.
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