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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 25, 1908
Page
9
The Washington Post notes a quiet stock day with light turnover and few decisive moves. United States Steel preferred shares drew some attention, while reports from Federal Ming and Smelting and hopes for dividends failed to spark broad gains amid cautious trading and lingering economic concerns.
The New York bond market reports varied activity with several issues including railroad and utilities notes, certificates, and convertible bonds. Names and firms appear, listing issuers like Metico and Iron Mountain along with regional notes from California to Texas, highlighting mixed pricing and maturation patterns.
Special to The Washington Port reports Amalgamated Copper faced a weak bull response with little price advance and no activity surge. Shorts covered modestly after a dividend cut, while expectations of easy reversals faded.
The Treasury market report notes patterns in February including currency, treasury notes issued, and reserves in national banks. It highlights fractional currency, gold holdings, and outstanding issues, with references to New York Fed activities, currency redemption, and money on call conditions.
Market notes cover varied commodities including steamship cargoes to Liverpool, butter, and copper fluctuations. London copper and lead prices show mixed movement with spot and futures quoted. local markets report little change. Freight and general export data touch on grain and oats, with references to Western and Southern foundries and specific price indicators.
A fragmented notice describes changes in the Ife Insurance business under new Iva oversight in New York. The piece references court activity and a Washington manager GEO C. JORDAN at the Band Building.
Market activity in New York on Monday showed fluctuating prices across stocks as traders weighed early gains against lingering economic uncertainties. Investors monitored industrials and railways for direction while volume remained modest in the absence of major catalysts.
In yesterdays market buying interest rose with higher bids in leading issues such as Hat and concerted strength seen in railway shares. Washington Railway and Electric 4s held around 61 4 while Capital Traction traded below 119 with bids up to 118. Gas stock showed an implied sale at 60 with bids near 57 4. Greene-Cananea jumped to 1 4, Mitch ell slight uptick, and an address by Charles E Howe of American Security and Trust Co drew favorable commentary. Bell Telephone of Pennsylvania reported year end 1907 results with increased plant value and rising reserves. Chesapeake and Potomac Telephone Co posted improved earnings, balance surplus, and a stock exchange of over 44 percent.
The report lists closing quotations across Washington Stock Exchange sectors led by rail and electric common and preferred issues. Prices for Capital Traction, Washington Gas, and various rail lines appear with figures for bonds, utilities, and mining stocks alongside miscellaneous market items and commodity quotes for meats and vegetables.
Raw market notes from New York on February 21 24 cover poultry dairy flour and grain prices with steady to firm tones. Listings show Western chickens turkeys eggs butter cheeses hogs and lard plus rye flour corn meal and molasses with bids for futures and spot prices across several commodities and regional receipts in Pennsylvanian and Western markets.
The report details a strong to higher tone in wheat and mixed movements in corn and provisions. Wheat opened with gains on global supply concerns from Argentina, while corn and oats fluctuated amid light receipts and ongoing market adjustments.
Internal notice from The Washington Post reports Delos Thomas promoted to division freight agent for the Norfolk and Western Railway, replacing Howard as assistant general freight agent. Thomas will oversee operations with offices in Roanese Waren Lecmueve and related freight duties across the system.
Quotations indicate wholesale prices for eggs butter cheese and poultry. Receipts of fresh eggs show market activity with regional variations in Virginia West Virginia and North and South Carolina. Butter demand remains light despite good quality with creamery and process varieties priced. live poultry in light supply and firm with demand for chickens ducks and geese. tubers and other staples show steady movement with minor price shifts.
Secretary Cortelyou announced a call on national banks to withdraw about 2 percent of funds in inactive depositories and 5 percent of public funds in active ones. Total about 25 million dollars could be returned to the Treasury, with ten percent by March 12 and the rest by March 23, as withdrawals are feasible without harming financial conditions.
Cumberland Md shops and roundhouses call back furloughed workers while others resume full or extended hours. Clare mont Paper Company in Wheeling West Virginia restarts with 75 employees. Bel mond and Benwood plants of Whielng Steel and Thon Company resume, affecting about 2000 workers. Martins Ferry Ohio and Luna Ohio facilities bring back hundreds as additional mills and furnaces go to full operation.
Special to The Washington from New York reports 700 shares sold at auction, likely for Fo Aj Heinze’s account, amid a burr in a day when securities usually move on Wednesdays. Mercantile National Bank, Utah National Bank, and Italian American Trust shares traded, with market chatter tying the sale to a loan collateral issue.
An unclear health claim fragment discusses Ayer’s Sarsaparilla and various exaggerated descriptions of its effects. The text appears to promote a tonic as a body builder and blood purifier, urging readers to consult a doctor, with disjointed slogans about medicine and formulas.
The Post announces a special edition featuring first pictures of the Fourational Content. Copies are on sale at The Post office. Readers are urged to secure this edition and join the entertainment and recreation now offered to thousands of Poet readers.
Live stock markets report receipts and prices for cattle calves sheep and lambs. Prices show mixed demand with higher bids for some cattle and steady to lower trends for others across multiple markets and weeks.
In U S Circuit Court today Judge Tes Tudge Tan Ning ordered the receivers of Westinghouse Lamponpans to restore damages to the company. Receivers have operated the Mant at eB profit and those with claims under 3.60 will be paid immediately. Others are scheduled for payment on January 1 near.
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