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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 21, 1908
Page
9
The market ends mixed with gains in gold notes and steel in session pressure. Baltimore and Ohio reports strong short term notes while Illinois Central plans financing. Bank of England shows support as mixed sentiment from Wall Street caps gains.
Wall Street traders note the market for municipal and corporate bonds weakened after a recent New York City issue, with prices slipping and few buyers. The Herriman Interests decision and a Baltimore and Ohio short-term note issue drew cautious optimism, while overall activity remained slow and prices volatile as traders reassessed earnings and financing conditions.
A fragmentary record from 1997 outlines death claims in the United States and Canada, noting amounts paid and timelines. The passage references monetary figures, bonds, and managers, including E. Jordan, Washington, and an address at 210 Bond Building.
Local exchange activity shows uneven demand with Washington Railway and Electric and Capital Trae edging higher while Washington Gas weakens. Merger trends note Merlenthaler gains on light supply as United States Trust purchases stalled. Brokers anticipate a holiday break with limited dealing over weekend ahead of next week.
Closing quotations list for Washington firms shows Sales F regular calls and bids for Washington Railway and Electric, Capital Traction, Washington Gas, Mergenthaler, Greene-Cananet, United States Trust, Washington Transit and Electric, United Electric, and United States Tra in varied prices and quantities. The page notes entering data to brokers for final market prices.
Chicago February market report shows mixed gains and declines across wheat corn and provisions. May wheat fluctuates near yesterday's close while cash demand supports a late rally. butter eggs and meats show varied tone with steady receipts and ongoing weak corn pressure.
New York lawmakers pursue a bill to make it a misdemeanor to circulate reports affecting a bank or trust company solvency in New York State. The move follows unwarranted attacks via telephone and other means on several New York City banks. The New York State Bankers Association committees prepared the measure.
Baltimore market notes show firmer wheat and mixed corn prices amid export activity. Prices for No 2 white, No 2 Western, and Southern grains move with February and April futures, while receipts and shipments vary. hay and sugar run unchanged amid a day of modest activity and price stability.
Live stock market report from New York shows steady tone across cattle sheep and hogs with receipts around 12 000. Cattle hands steady after good demand. steers 4.25 to 6.15, cows and heifers 2.00 to 5.25, bulls calves and feeders 2.76 to 4.60. Hogs about 11 and higher with top around 4.79 and 4.60 for various grades. Sheep and lambs lighter demand with lambs near 7.50 to 9.60 and ewes around 4.25 to 6.60. Overall market compact with mixed activity and slight firmness in some classes.
Chicago opinion dissolves October injunction preventing Harriman interests from voting 281,281 shares of Illinois Central at annual meeting. Court rules Fish failed to prove domination would harm the railroad. Union Pacific and Illinois Central not direct rivals, ensuring Harriman could press to control the line. Proceedings shift to merits as Fish and Farrar plan next steps. Harriman spokesman in New York declines comment until full decision read. Governor Denseon denies Harriman domination claims in related suit.
Special to The Washington bean Fittsourg Feb 2 Six of the eight turnates of the Meyersport plant of the National Tate Company have resumed operations and it is expected the plant will be fully in operation after fire damage is repaired. McClintock Marshall Construction secured the bulk of a 3400-ton order for the Chicago Milwaukee and St Paul for structural shapes and an order from Chicago and Northwestern for 1200 tons of bridge structurals. Standard Galvanizing Company West Priteburg damaged by fire on February 14 will resume operations in a few days.
New York Feb 1 A suit filed by Central Trust Company seeks to foreclose a mortgage of 60 million dollars on the Third Avenue Railroad which runs fourteen miles of surface lines in Westchester County and the borough of the Bronx The railroad is controlled by the Interborough Metropolitan Company and the suit may place the line in the hands of receivers.
A Missouri Pacific-Tron Mountain System assistant to the vice president, who oversees auditing, said pay for about 4000 employees is delayed due to a reduced auditing staff. The pay car should depart in the third week of the month, though some dates may shift slightly. Bankers handle Baltimore and Ohio notes. Speyer & Co. and Kulm, Loew & Co. announce purchase of six million dollars of 5 percent one year notes, secured by 3,000 Pittsburgh, Lake Erie and West Virginia bonds.
Announcement that Walter J Bartnett renounced right to settle a famous Colton estate leads to probate petition filed by Caroline Colton Dahlgren, principal beneficiary. The will seeks admission to probate and letters of administration for an administrator. The petition references estate assets, court history, and related contested actions spanning California and Santa Cruz.
Real estate activity includes B J Kaufman purchasing a 100-foot lot in Cleveland Heights through Thomas J Fisher & Co, overlooking Charles J Dell's suburban residence Twin Oak. Harry Wardman buys 17 Building Space on Otis Street NW to develop about 100 houses, via Simpson-Sullivan. J F Evans sells rows L17 to LIR1 on 1st Street SE to Martha Edelson for investment. Louise Strawn buys a two story colonial at 204 Fifteenth Street SE for 8850, to reside. John Taylor Arms buys four story brick at 440 Street NW for 10200. A brick corner property at Thirteenth and 5 Streets NW sells for 88400 to H N Tap.
The Francis Scott Key residence at IS M street Georgetown will open tomorrow at noon for Washington's Birthday exercises. Rev Dr Alfred Harding to begin with prayer, followed by hymn singing and remarks by Commission Macfarlind introducing Admiral Winfield Scott Schley as the principal speaker. The event features a double quartet, soloists, and choruses with students from Eastman School descendants of Key, inviting public pupils from Washington schools.
The Washington Saengerbund hosts a birthday dance tonight with featured order and a large crowd expected. Preparations are underway for the next public concert at the New National Theater in March.
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