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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 09, 1909
Page
23
Large advances lead in trading with Consolidated Gas General Electric and Reading among leaders. The New York Stock Exchange shows notable activity amid mixed signals as traders weigh policy, rates and global cues, with cautious optimism in London and a broad market breadth backdrop.
The document lists holdings of the United States Treasury including silver dollars, trust funds, and outstanding issues. It details gold and bullion reserves, redemptions, and general fund cash balances, with figures for treasury notes and certificates.
Court continues Gov Judson Harmon as sole receiver of the Cincinnati Hamilton project amid a protest by dissatisfied bondholders over the receivership. The court plans a quick settlement and set May 1 as the filing deadline, while a New York attorney seeks relief for $2,000,000 in gold bonds.
Special to The Washington Pot reports a dull opening gave way to firmer late buying led by two notable operators. Interest clustered on Harriman era leaders and rails like Der ver Rio Grande and Chesapeake and Ohio while People Gas drew renewed attention amid merger rumors and dividend talk. The Hawley group pressed Chesapeake and Ohio but denied plans to merge or sell, insisting the aim is steady property development with bankers joining the board.
Ches Potomac Telephone bonds at 441-2 and 10 percent with 2000 dollars par. Mergenthaler stock at 265-8. Washington Gas stock features, bid and ask quotes, and recent trades. Capital Traction at 155, bids near 1341-2, bonds sold 116, bank securities steady. Dime Savings seeks capital increase, American Security and Trust shares at 241-240. Washington Railway and Electric notes sold around 89-15 and 41-8. MH Horton buys Holmead Oak residence. colonial brick two-story with six rooms and two baths, hot water.
Quotations furnished by Those Hume & Co show trading across Capital Traction Washington Ry Elec and gas issues with bid and asked prices. Railroads and utilities including Washington Gas Georgetown Gas and Chesapeake and Potomac Tel trade alongside stock listings for Mergenthaler Linotype and other industrials and mining shares.
Washington market notes show steady to firm wholesale prices across fruits and poultry with demand steady for chickens turkeys and ducks. Potatoes apples and berries appear moderate to strong with varied pack sizes and several premium listings noted for fancy grades and specific packs.
The New York commodity notes show firm to steady receipts across poultry butter eggs cheese and flour with attention to wheat and corn markets. Wheat reached a new high for the year amid bullish foreign demand and a predicted cold wave while corn oats and hog products remained steady to firmer in early February trading.
W B Hibbs of Hibbs & Co lauds a government central bank as the future of U S finance while criticizing middle class bankers fear of elimination. He cites the Bank of England as a model with caveats and urges careful study before Congress acts.
The aged OCR lists prices for flour, oats, potatoes, timothy, clover, poultry, butter, eggs, and beef across multiple Eastern markets. It includes cotton futures timid gains, notations of grades and quantities, and monthly price references for February and March futures with regional notes from New York, New Orleans, and Atlantic coast traders.
Market notes show calf demand steady with active selling. Calves bring about 34 to 40 cents per pound for medium weights, while cows fetch 35 to 40 cents depending on age and condition. hogs and other livestock prices vary with grade and size as buyers show continued interest.
Agnes Lewis of Lawrence Kansas reports rapid improvement after using Dr Miles Heart Remedy for shortness of breath and fatigue. The ad claims the product strengthens nerves and muscles, with a money back guarantee on the first bottle if not beneficial.
Interstate Commerce Commission chair Knapp announced a divided decision. The ruling, updating a prior administrative order, states water transportation under common control falls under the act, while other water carriage remains free. The decision clarifies when damages claims accrue for unreasonable rates and when a carrier’s unlawful act occurs.
The Canadian Pacific Railway board declares a regular semiannual dividend on preferred and common stock plus an extra 17 percent on the common from land sale proceeds. Proceeds after expenses fixed charges and dividends amount to $48182 percent. York Fest Speyer Kuhn Loeb and Alexander Brown & Sons buy $13100000 of Pittsburgh Lake Erie and Western Railroad 4 percent refunding bonds from Baltimore and Ohio Railroad Company.
Market report shows limited steer supply with some higher fat gains and steady other cattle. Hogs reach 6.50 to 6.60 with shipping demand. lambs and sheep mixed with steady to lower tones. Calves firm to higher with strong top grades. weekly receipts noted and regional price levels cited for Liverpool London markets.
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