Reading Railway Earnings Boost Amid Market Turmoil
The market opened weak on news of Seaboard Air Line receivership while Union Pacific and Southern Pacific faced pressure over anti merger enforcement. Reading Railway posted a quarterly earnings rise despite broader stock declines, with net earnings up 193,824 dollars and a year to date gain of 1,501,573 dollars. Bank of England rate cuts and London discount rate reductions buoyed prices, though steel and coke sectors faced cost pressures.
MENTIONED IN THIS ARTICLE
Reading Railway
Union
Southern Pacifics
Northern Pacific Strong
Washington Post
New York
Seaboard Air Ting Railway
Union Pacific
Southern Pacific
Washgtor
Departtment of Justice
Stlas
Seaboard Tam Railway
Wall Street
Tethera
Bank of England
Bank of Ts
Leon
Rock Island
Wesnoch & Reed
Seaboard
South
Southern Roads
Southern Railway
Louisville and Nashville
Atlantic Coast Line
London
Jones
Wall Street Reacts To Seaboard Receivership News
Wall Street opened the year with a London rate cut and improved money conditions. Southern rail stocks led declines after Seaboard receivership, while Reading earnings boosted bulls. Traders anticipated government actions against railroads, yet grand jury probes remained quiet and London stayed subdued.
Washington market shows steadier tone amid firm bonds and strong Mergenthaler
Unusually lively first trading day of the year features firmer prices across bonds and stocks. Washington Railway and Electric 4s see lighter selling with a buyer paying 23 high, Capital Traction 5s offered at 1101-2, Potomac Electric first 58 at 98, and local bond holders reluctant to swap holdings. Mergenthaler stock remains resilient, trading near 191-192 while Langton holds around 9. Lewis Johnson & Co. marks its fiftieth New Year, tracing the firm’s lineage from 19th century beginnings to its current partnership and historic Vernon Row origins.
MENTIONED IN THIS ARTICLE
Cvbera
Exerc Tre
Potomac Hlectric
Mergenthaler
Langton
Lewis Johnson & Co
Lewis J. Davis
David Walker Havi‘ng
John H. McGill
J. William Henry
William A. Mearns
Charles P. [ Williams
Davis
Vernon Row
Traders’ National Bank
Sun
Washington Railway and Electric Preferred
Greena-Cananea
Seater Aatar and Foundry Ptd
Ite
Mexican Central
Yeadoy'’S Stock Exchange
Minneapolis and
St. Loui
M., Bt, P. & Sault Ste. M
American Express
Philippine Land Purchase
Jam
Missouri Pacific
District of Columbia
Amle Securities N
Missouri, Kansas and
Texan
Kana
Tex
Washington Gas Co
National Lead
Cert
Ind
Am. Locomotive
National R. H
Stex
New York Central
Ontario
West
Bay
Capital Traction
Nyit
Norfolk and Western
Columbia Railroad
Mort
Tobacce Pti
North American
Anaconila Mining Co
Northern Pacific
Metropolitan Railroad Bs
Atchion, A ci Ga
Pacifi Mail
Washington, Railway and Electrics
Atchison Ptd
Pennsylvania
Alande Coast Line
People's Gas
Daltimers
Ohio
Reag Potomac Electric Light St
Prtteburg
Norfolk and Washington Steambi
Baltimore and Ohio
Pfa
Chesapeake and Potomac
Grooklyn
Washington Market Co. &S
Canadian Pacific
Washington Market Co. Gs
Central
New Jersey
Ams Capital Traction
Washington Railway and Electric Com
Chesapeake and Ohio
Republic Steel Washington Railway and “Electric
Chicago Great Western
Republic Bteel
Chicago
Northweatert
Rock Island Co
Washington Gas
Mil
St. Paul
Georgetown
Trans
San
Chesapeake and Poti
Chicago T and T
St. Louis
Sloss-Sheffield Ste
Mergenthaler Linotype
Lanston Monotype
Colorado and Southern
Southern Pacfict
Colo
Southern Ist
Southern Railway Pte
Culo
Southern
Southern Railway
Greene-Cananea
Ae Mitchell Minlog Co
Texas and Pacific
National Bank
Ledo
St Louis
Capital
Foledo
St. L
Delaware and
Hudson
National City
Delaware
Lack
Union Pacific
HEI
Columbia
Denver and
Rio Grandewy
Union Paclit
Denver
Rilo Grande
United States
Distilers’ Securities
United States Realty
Lincoln
Erie
United States Rubber
Metropal
General Electric
United States Steel
Washington
United States Steel Ptd
Bing B Trust Company
Great Northern Pia
Virginia-Carolina Chemical
Aid
American Security and Trust
Porntmols Central
Caroling Chem. Ptd
Uniteenational
Wabash
National Savings and Trust
International Paper Aid
Ray Wabash Ptt
Union Trust Co
International
Wells-Fargo Express
Washington Loan and Trust
Westinghouse
Savings Bank
Western Union
Wheeling and Lake Erie
Washington Exchange Bank
Iowa Central
Wisconsin Central
Union Gavings Bank
Iowa Central P
Artington
W. B. Hibba & Co
Bankers
F Street
New York Stock Exchange
Chicago Board of Trade
Corcoran An
Washington Stock Exchange
Kemen’s
Frankia
Metropolitan
Peaple
Gy Potomac
Flaelity Storage Co
Washington Market
Union Trust
New York Stock Market Summary and Rates
New York January 2. Money on call firm at 5 20 per cent. Time loans for sixty days 8 10, ninety days 7 98, six months e s. Prime mercantile paper 8 21 9 per cent. Sterling exchange with actual business in bank bills at 4.8176 for demand and 4.7076 for 90 day bills. Commercial bills 4.7950 tear 4 %. Government bonds steady. Railroad bonds heavy. Ad for laxative bromine product follows.
MENTIONED IN THIS ARTICLE
Joans
Manole Sten
Frick Coke Company
New York City Railway
New York
Prime Mercantile
Sterling Exchange
Washington Market Prices Signal Steady Egg and Butter Demand
Wholesale notes show eggs steady with slight regional losses noted in Virginia North Carolina and Tennessee. Butter demand remains active with steady to high creamery and dairy prices. Poultry and dressed meats remain in tight supply and firm or rising, while vegetables stay active with varied barrel and crate pricing across regions.
MENTIONED IN THIS ARTICLE
Virginia
Tennessee
North Carolina
Jorge
Washington cattle market report with varied livestock pricing
Washington cattle and lamb market shows steady conditions for lambs and calves. Quotations cover extra fancy cattle per ounce and per head, with various grades and regions listed. figures include credit balances for City, Pa, and shipment averages for December and January.
MENTIONED IN THIS ARTICLE
OT City
New York Produce Market Highlights Jan 2
New York and regional markets report mixed movement across poultry cheese eggs and grains. Wheat rose on stronger Liverpool prices with May advance to 1.06 1.07 and corn and oats following. hogs and lard up as Midwest packing slows.
MENTIONED IN THIS ARTICLE
New York
Duluth
Chicago
Western
New York Cotton Falls as Market Opens Weakly
The New York cotton market was moderately active and weak with a net decline of 22 to 26 points. Openings showed a 16 point decline, sales estimated at 220000 bales, with early months dropping 15 to 20 points on active selling. January hit 10.46, March 10.65, closing slightly above the low amid mixed theories on causes.
MENTIONED IN THIS ARTICLE
New York
Bates
Livernoor
New Orleans
A Man of Means Coupon for Equitable Life
A reader urges wealthy men to insure their fortunes and requests a mailed explanation of how a man of age can insure wealth. The missive cites Equitable Life of New York and George C. Jordan as Washington manager, with an address at 210 Bond Building. The note asks for guidance by mail including name and date.
MENTIONED IN THIS ARTICLE
Equitable Life OF
New York
George C. Jordan
Washington
Bond
Washington, D. C
Kidrens
Berlin Bank Rate To Stand Amid Uncertain Outlook
Berlin observers react to the Bank of England’s discount rate cut with surprise and cautious optimism. German bankers warn that domestic conditions are strained, limiting expectations for an early German imperial bank rate reduction. They note gold scarcity and domestic demands weaken the bank’s balance sheet, pressuring the market.
MENTIONED IN THIS ARTICLE
Bank of England
Wall Street
Berlin
Germany
German Imperial Bank
America
Bank Closed By Run In Rockyford Colorado
Rockyford Colorado January 2 The State Bank of Rockyford closed its doors today after a run. Abilities exceed 400000 and assets placed at over 525000 mainly loans on high grade farm lands. Bank capital 30000 surplus 20000 J E Godding president and State Senator Swink vice president. Officials hope to resume soon.
MENTIONED IN THIS ARTICLE
Rockyford
Colo
Jen
State Bank of
Arkansas Valley
E. Godding
Swink
Hee
More Ships Built As Navy Reports Output Dips From 1906
The Bureau of Navigation records 1 056 vessels totaling 602 508 tons built and numbered in the United States in the year 17, versus 1 465 vessels totaling 498 291 tons in 1906. First half fiscal year shows 575 vessels 259 974 tons built, against 508 vessels 181 045 tons previously. In Baltimore exports and grain markets report steady levels for flour, wheat, corn, oats, rye, hay, and prices with various firm tones and unchanged rates across several commodities.
MENTIONED IN THIS ARTICLE
Bureau of Navigation
United States
Live Stock Markets NY and Chicago Bid Prices Jan 2
Receipts and prices across live stock markets show mixed results. New York offerings include steers from 4.00 to 5.70 and calves up to 9.75, with hogs for slaughterers easing. Chicago bids align with steady cattle and hog markets, while lambs in both cities show firm to steady tones amid uneven demand.
MENTIONED IN THIS ARTICLE
New York
Chicago
Recellta
Recelpix
Metals market summary shows mixed London and local shifts
New York January 2 metal market report notes London tin down with spot £121 and futures £122, copper easing in London but local copper prices firm, lead and boe l include firmer up to £16 11/2, ingot and iron prices show slight gains or stability, while various foundry and southern iron grades move within quoted ranges.
MENTIONED IN THIS ARTICLE
New York
Allis Chalmers
American Steel Foundry
American Steel Foundry Db
Ad Adams Express
American Tobacco
Bay State Gas
Boston Copper
British Copper
Butte Cossillo
Chicago
Cumberland Ely
Oe Davis-Daly Greene-Can Ui International Salt
Bey Mitchell Mining
Jevada Consol
Neva
Utah
New Haven
Nipissing Mines
Standard Gil
Beaboard Company
Beabarint
Seaboard
United Copper
Washington Railway and Electric
London
Standard Foundry
Cleveland
Foundry
Northern
Southern Iron
Southern Soft
New Orleans Dividends Hold Up in January Bankfest
New Orleans reports dividend payments totaling about 15 million dollars for January, showing no decline from last year as higher capital investment offsets reduced rates. The First National Bank of Mingo Junction Ohio received OCC authorization to reopen after its closure on November 9, 1907.
MENTIONED IN THIS ARTICLE
New Orleans
Mingo Bank
First National Bank
Mingo Junction
Ohio
Comptroller of the Currency
Tite
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the Commercial National Bank
Frederick C. Stevens
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N.H. Shea
Geo
P. J. Brennan, Victor B. Deyber, Geo
Norman Galt
Wr. F. Ham
Rudolph Kauffman
Ralph W. Lee Arthur
Moses
Wm. A. Mearns
John L. Newbold
Clarence B. Rheem
Broderick C. Stevens
M. H. Shea
Charla F. Schneider
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Walter Hieston
Bert T. Amos
WM. P. Meredith
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S. H. Clarke
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Ouray
International Banking Corporation
G St
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E.R. Chapman & CO
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Allison C. Jenkins
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