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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 12, 1908
Page
15
Strong gains in steel stocks underpin a broad market rally while Pennsylvania Railroad faces ongoing pressure. Talk of dividends fades amid New York bond issues showing favorable Corb transactions and cautious optimism spreads through trading rooms in New York and Philadelphia.
Market data from Washington cattle sale shows per head and per hundredweight figures for various categories. Prices reflect mixed livestock types with calculations for gross value and average costs, including notes on common and market rates across bulk lots.
The report covers London and New York market figures with quotes on copper, London futures, and local prices. It notes quiet demand, price shifts for copper brands, and mixed activity in cattle, beef, veal, sheep, lambs, and hogs, with receipts and market tone in various regions.
Washington Post notes market action largely follows the bears theory with prices recovering after panic then retreating toward midpoints. It describes selective stock behavior, heavy selling on Washington accounts, and rumors of a major dry goods house extending hours to meet rush demand, while Central’s January earnings dip contrasted with prior year gains.
A fragmented note discusses a policy in Equitable Life of New York that covers mortgage and age risks. It warns that if the insured dies, the policy could end years of payments and leave a home encumbered with a lien. The passage mentions a trap like a gnawing hole in a cupboard but centers on financial protection and risk.
On the previous session of the local stock exchange, Washington Gas Company lost an appeal on its stock increase, while bids and asks fluctuated. Opening at 67, it closed near 87 with private offers around 65. Capital Traction remained well supplied at 119, and Washington Railway and Electric saw demand for larger blocks. Merchants and Mechanics Savings traded at the original subscription level, and Traders National dipped to 12, while Lanston moved at 19 18. Peoples Fire lined up a sale to Royal Insurance Company of London, with liquidation value likely above 7 per share and an September equidation. Washington Gas Light Company named Mrs S Reside a new director replacing the late George Dunlop.
Closing quotations from the Washington Stock Exchange list regular calls at Capital Traction 12 o'clock and various preferred and gas holdings. Trainees, banks, and insurance firms show prices on Washington Hallway Lanaton Moran and Columbia Fiia with percentage yields noted.
The Washington produce market shows a moderate demand with steady prices for many items. Virginia 2% Wey Vie funn and Snutheet herbia show losses. butter supplies are short while overall availability remains good. poultry prices vary with roosters, hens, and ducks listed per pound. vegetables include potatoes, beets, carrots, cabbage, peppers, greens, and tomatoes with mixed crate and barrel pricing.
Baltimore Md Feb 2 Quiet receipts 7 RR barrels exports 2255 barrels wheat futures steady to lower spot contracts in various grades. Receipts total 164201 bushels with multiple grain grades listed. Freight market described as very quiet with firm prices for some items and unchanged for hay.
New York market notes show firm cheese receipts and unchanged large lots, with wholesale wheat gains amid steady to lower prices. Headline data include CHEESE and FLOUR receipts, POTATOES steady, and fuel and grain futures reacting to Western demand and world market shifts.
Chicago grain reports a weak close with wheat and oats trading lower while corn offers tentative support. Prices fell on broad selling pressure as milling demand softened, with limited export interest and a holiday note affecting overall activity. receipts and futures quotes show varied movement across May and July contracts.
The cotton market closed steady with minor gains and declines across active months. Prices fluctuated after reports from Southern markets and national conditions, with gains tied to coverings and weaker demand abroad.
An advertisement proclaims the complete formulas of all medicines including Ayer's Cherry Pectoral for coughs and bronchitis. It urges buyers to follow a doctor's endorsement and to purchase only if the physician approves the remedy for coughs and colds.
The Washington Post reports a New York tale of the Poultons sisters Charlotte and Katherine Poillon, once rich with hotel support, now unable to pay and facing charges. Hotel managers pressed for payments as money shortages hit Wall Street. The sisters spent a night in Mercer Street police custody after a dispute over funds, while their art collection at 300 Walberry Street grows more valuable as legal troubles loom.
Mis Ellens Nottingham granted an absolute divorce from Viment Nottingham on grounds of infidelity. Custody awarded to Mrs Nottingham of two children, Lawrence age fourteen and Genevieve age five. The couple married April 21, 1894 at Holy Trinity Church Georgetown. Witnesses testified to the husband's alleged fidelity failures and associations with other women.
Property owners along Brown Street in Georgetown petitioned the city commission for street improvements on the Santa Fe route. They argue the planned work should be included in future estimates and request action on the project, noting current conditions and equipment needs. The association urges Congress to extend consideration and align schedules with upcoming municipal plans.
Charles Fletcher, indicted for first degree murder in the July 18 killing of his wife Della Fletcher in Sumners court between Seventeenth and M streets, was found insane by a jury before Justice Stafford in Criminal Court No 1. He was committed to the government hospital for the insane. The verdict does not resolve his mental condition at the time of the crime. he will be held at the asylum with possible further trial to determine his mental state during the killing.
The Interstate Commerce Commission declares itself powerless to intervene except in specific cases after hearings. It discusses requests by railroad operators challenging the new hours-of-service law and considers extending compliance deadlines, noting extensions may be granted in singular circumstances.
Public notice hails the final day of an audit like campaign to secure the Century Dictionary volume at a cut price. Washington readers are urged to act fast as the magazine reduces the year’s subscription to 6 dollars and ten cents, with the century tome bundled for the period. The appeal claims vast value and urges those who have not yet subscribed to avoid regret.
State railway commission moves to prosecute passholders excluded from anti passage law exemptions after receipt of reports from the nation’s rail lines. Doctors lawyers and newspaper men are cited among those implicated. fines range from 100 to 1000 dollars per violation.
A fragmented market note describes New York money market conditions with references to bankers bills around 4.86 and 4 FR 4 S26. The text mentions commercial paper rates about 4.22 and irregularities in price quotes, suggesting cautious activity and attention to advertising by The Post.
Amos Young, secretary of the Allen County Building and Loan Association, will begin a 14 year sentence for embezzling funds. The Supreme Court today upheld the conviction after two trials, confirming the long legal battle and final punishment.
Secretary Garfield left for Chicago to speak before the Hamilton Club tonight honoring Lincoln's ninety month birthday anniversary. Health Officer Woodward recommends, and the district accepts, the resignation of Food Inspector Dr F Simpson effective February.
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