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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 21, 1908
Page
17
The report details large scale activity with Baltimore and Ohio selling six million dollars of short term notes and Illinois Central financing plans. It notes Bank of England steadiness and substantial gains offset by mixed earnings and a cautious close, amid bear pressure and a tentative market recovery.
Wall Street gossip notes that the market for the dealers likely weakened after the New York City bond issue, with fewer sales of good quality bonds and more concessions. The Ball court decision favored Herriman interests, and traders debated long term notes versus short term issues, predicting limited near term debt financing and cautious sentiment across brokerages.
The report outlines life insurance figures across the United States and Canada for 1997, noting total paid claims and a small portion settled within a single day. It mentions market elements like sterling exchange and government bonds, with E. Jordan as Washington Manager at 210 Bond Building.
Local financial notes report activity at the exchange with Glover and Bell back in trading after absences. Washington Railway and Electric Advanced to 738, Capital Trae up slightly, and large block bond sales noted. Mergenthaler rallied to 10, United States Trust inquiries continued, and a weekend holiday pauses further deals until next week.
The Washington Stock Exchange closing quotations list several issues across utilities railways and trusts. Notable entries include Washington Railway and Electric, Capital Traction, Washington Gas, and United States Trust with varied price points and trade volumes. The rundown appears to be a regular market page detailing last sale prices and bid or ask levels as brokers entered the figures.
Chicago February reports a modest wheat rally on improved demand and small receipts, May futures fluctuating near yesterday’s close while cash wheat gains support from Minneapolis buyers. Corn and oats weakened with light selling, while provisions and fats showed weakness as packers anticipate higher costs. Lambs, cattle, and hogs posted varied results as regional markets held steady with dairy products firm and butter scarce.
The New York legislature may file a bill making it a misdemeanor to circulate reports affecting a bank or trust company solvency in the state. Drafted by the New York State Bankers' Association after a spate of rumors via telephone and other channels damaged several New York City banks.
Baltimore markets show firmer wheat with spot and forward bids for No. 2 Western and Southern white corn, while exports and receipts fluctuate. Sugar, hay, and crude prices move little as market participants digest mixed signals from March and April futures.
Live stock market notes from New York on February 22 show dull demand and generally firm prices. Cattle receipts around 7,000 with steady to firm trade. steers 4.25 to 6.15, cows and bulls near 2.00 to 4.60. Hogs receipts about 11, estimated prices 4.50 to 4.79. Sheep and lambs receipts 6,782 with lambs around 4.25 to 6.60 and yearlings 5.76 to 6.20. overall market cautious but steady.
Chicago judge dissolves October injunction preventing Harriman interests from voting 281,281 shares of Illinois Central at upcoming annual meeting. Court finds Fish failed to prove that Union Pacific ownership would harm the railroad or that stockholders would be injured. Harriman, Union Pacific, and Railroad Securities Company poised to influence IC rail operations. case to proceed on merits with possible further action by Fish.
Six of eight turnates at Meyersport plant of National Tate Company have resumed. Expected full operation once damage repaired. McClintock Marshall Construction secures bulk of 3400 ton order for Chicago Milwaukee and St Paul for structural shapes. Also 1200 tons of bridge structurals for Chicago and Northwestern. Standard Galvanizing West Pittburg plant damaged by February 14 fire will resume in a few days.
New York Feb 1 A move that may place the Third Avenue Railroad which operates fourteen miles of surface lines in Westchester County and Manhattan in receivers hands Central Trust Company begun a suit to foreclose a mortgage of 60 million dollars given to the Morton Trust Company in 19. The Third Avenue road is controlled by the Enterborough Metropolitan company.
St Louis missouri Feb or Mar nam assistant to the vice president of the Missouri Pacific Tram Mountain System supervisor over auditing said pay delay due to reduced auditor office staff. Pay car will go out in the third week of the month though dates may shift. Bankers buy six million dollars of Baltimore and Ohio 5 percent one year notes purchased jointly by Speyer & Co and Kulm Loew & Co. Notes secured by 3 million in Pittsburg Lake Erie and West Virginia refunding bonds.
Walter J. Bartnett renounced right to administer the Colton estate as Mrs. Caroline Colton Daligren files for probate of Mrs. Jen M Colton's will in Santa Cruz. The petition lists 1017 Connecticut Avenue valued at 1000 dollars, stocks and bonds valued at four thousand dollars, and names three heirs including a seven year old granddaughter. The case spans California and Santa Cruz court actions, with prior orders removing Bartnett and accusing the depository of aiding removal of assets.
Kaufman buys a 100 foot lot in Cleveland Heights through Thomas J. Fisher & Co. near Woodley road overlooking Charles J. Dell’s suburban “Twin Oak.” Wardman acquires 17 Building Space on Otis street to develop about a hundred houses via Simpson-Sullivan. J F Evans sells a row of houses on 1st Street southeast to Martha Edelson as an investment. Louise Strawn buys a two story six room colonial on 204 Fifteenth Street Southeast for 8850, to be her home. John Taylor Arms pays 10200 for a four story brick residence at 440 Northwest Street and a adjoining property at Thirteenth and Fifth Northwest sold to H N Tapl.
The Francis Scott Key residence in Georgetown will open to the public tomorrow at 11 o clock with Washington Birthday services. Rev Alfred Harding will give the opening prayer and the chorus will sing a hymn Key wrote. Admiral Schley will be the principal speaker, recalling Mr Key's 1831 Capitol rotunda speech as a quartet and students perform.
The Washington Saengerbund plans a birthday dance tonight with novel features and a large crowd expected. Preparations are under way for a public concert next March at the New National Theater.
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