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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 18, 1908
Page
23
The article observes a broad price decline with weakness in major holdings including Southern Railway, Consolidated Gas, and Wabash. Analysts link the drop to Taft era rhetoric, fiscal concerns, and fluctuating freight rates, while investors watch for improvements in key sectors and potential support from rail and utility stocks.
New York Stock Exchange page fragment shows closing bids and offerings across railroads, utilities, and industrials. Companies named include Kansas City Southern, American Car & Foundry, Minneapolis, Northern Pacific, Pennsylvania, Reading, Western Union, Southern Pacific, Northwestern, and Texaco, with numerous price quotes and share movements.
Quotations furnished by Thos Lame & Co report traded values on the Washington Stock Exchange for 1933 and 1535 F Street NW. Includes listed stocks and bonds such as United States registered bonds, Washington Gas certificates, Capital Traction, Potomac Steamboat, and various bank, railroad, utility, mining, and insurance stocks with prices and special tallies across sectors.
Wholesale prices and market status for fruits vegetables meat and dairy items across Washington Virginia Tennessee and South Carolina. Notable listings include Virginia West Virginia and Tennessee produce values, live poultry and dressed meats prices, greens and fruit quotes, and general market conditions with limited changes.
Market notes show steady receipts across dairy and grains with mixed futures signals. Butter cheese and flour markets steady or slight declines while grains and oils exhibit subdued activity amid Western weather updates and regional demand shifts.
Special to The Washington Post notes that American Smelting and Refining’s stock moved with noticeable quality yet caused a broad market decline. Reading and Union Pacific also fluctuated as rumors of a new $30 million Standard Oil-backed corporation circulated. Consolidated Gas and local traction issues surged on court and reorganization hopes, while smelter prices hovered near midyear levels amid a sea of conflicting reports and external tensions.
Washington financial bulletin reports Riggs Fire Insurance assets liquidated at 88 a share after four years inactive. Bank stocks show varied bids with National City Bank raising a 4 percent semiannual dividend. Washington Gas and security stocks firming, with United States registered bonds and City Bank shares traded. several local property deals include Monroe street dwelling sale to James J Jones and 417 G Street North home sale by Fred Way.
Chicago market summary shows cattle steady with steers 18 to 65, cows 30 to 92, bulls 30 to 45, and calves 20 to 80. Hog receipts 949, best hogs firm. sheep and lambs in weak to moderate demand with lambs around 60 to 75 and ewe numbers mixed. Sheep receipts around 73,000 with lambs and yearlings active. variations reflect regional conditions and market volatility.
Prices for cattle hogs sheep and calves listed with per hundredweight and per head figures. Market notes show demand varying by grade with prime and common cuts, ability to ship 59 loads averaging 161 038 and regional references to Ohio and Indiana markets.
Rumors of a major consolidation tied to Cole-Ryan interests and American Smelting were officially announced. The new company would be capitalized heavily and aims to extend operations beyond existing smelters, potentially challenging American Smelting across key North American and Mexican fields.
Special to The Washington Post reports in a government suit against coal carriers noting M H Blauvelt testified about holdings in lines including Lehigh Valley. He said 37 600 shares were involved with purchases in February 1901 and December 188. Erie Union purchased stock for 11 69 million and later sold it for 2 087 million. The hearing adjourned to January 14 in Philadelphia.
An article notes comptroller Murray authorized bonds for national tank examiners and other officials to ensure faithful performance of duties. It details oath requirements and the posting of suitable bonds, alongside market reports on wheat, corn, oats, and livestock prices amid weather and demand factors, reflecting wartime finance and agricultural conditions.
Market notes from London and Manchester indicate Ver Dec Ta steady with spot near 128 1s and London copper advancing to 62 12s fd spot and 63 10s 5d futures. Copper unsettled locally with prices around 7 MAT lp tron and 67 64 0 in other quotes.
Postmaster General Weyer announced appointments Julius Heinrich to clerk at 1000 dollars yearly in the Third Assistant Postmaster General office. Merrill Vaughn of the District of Columbia named copyist of maps at 900 dollars annually in the Fourth Assistant Postmaster General office.
Reported dispute describes engineers refusing to work eight hour shifts during a severe winter period. Union members and management clashed as wage cuts and temporary layoff threats surfaced. Two engineers reportedly obeyed new instructions while others faced demotion and possible job losses as tensions rose amid labor protests.
Representatives of the railroad employers and employees met with officials including an ICC member and a labor commissioner to arbitrate a wage and tenure dispute. Mediators urged both sides to submit differences and accept a decisive ruling under the Ten Days Act, with no agreement reached.
Commissioners state the act does not apply to the project and refuse to pay for the bridge work. The dispute centers on street improvements and cost liability among the district and contractors amid city and county oversight.
Yesterday the Benning Juyens Association urged commissioners to create railroad crossings in the suburb. Since Deanwood station was abolished there are only two crossings left, at the engine house and at Benning Road, according to the appeal. The report also notes a North Carolina charter for the Dahkotal Cotton Mills Company in Lexington with capital stock listed.
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