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This newspaper page contains 15 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Jan 03, 1908

Page

9

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

New Orleans Mingo Bank First National Bank Mingo Junction Ohio Comptroller of the Currency Tite

Also Mentioned on This Page

Boston Tonting Closton Albany Maine Ronton Fitchburg Warttora la Pere Marquette Colon Aree Chemical Massachusetts Fletre Massachusetts Electric United Shoe Machine Sbig North Butte - Atlantic Ae Bingham Shannon U S Reading Bonaparte Federal Grand Jury Local Financial Stock Market THE United States Treasury Curb Market B. W. Grove B. R. Chapman &Co New York Stock Internal Revenue F Street Northwest Atchison Trooklyn Central of Georgia Central of Georgia 1St Inc Central of Georgia 2d Inc Entral of Georgia du Inc Chicago and Alton Chicago, Burlington and Quincy New Pacific Railroad Treasury And South General Colorado Industrial Colorado Milland Denver and Grande Distiern’ Securities Gs Philippine Treasury Erle Prior Ken Japan Lottinville An Neshville Manhattan Consor Redempton Oy Ta Mexican Central Ist Inc Redempion Minneapolis Missouri Kansas Texas Missouri, Kangag National Railroad of Mexico Wa Bilver New York Central General New Jersey Central General Consol Treasury Notes General St. Louie Tron Mountain San Francisco St. Loula Citi Seaboard Air Line Toledo Union Pacifc Western Maryland Mala Weston Santos Cordova NEW York Grain Chicago Grain Liverpool Argentina Ehorts May Gia Siss Dts May Park Galveston Savannah Charleston Éady Norfolk Philadelphia Juliet Lm Jacksonvils Buston Augusta Memphis St. Louia Sready Cincinnati Louisville Little Rock Great Brit Conain Great Britain Mexico France Continent MEANS State Rockyford, Colo Baltimore Cork Dapter Metal Market Home Savings Bank Mass. Ave N. W 7Th St U.S. Treasury D. C Hnnsmell & McLeran M. B Street the Commercial National Bank Frederick C. Stevens R. A. Chester 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 F. White Eldridge E. Jordan Walter Hieston Bert T. Amos WM. P. Meredith Jordan & Co., Inc G Street Washington Loan & Trust Company Act of Congress John Joy Edaon S. H. Clarke Consolidated Stock Excvans. of Ouray International Banking Corporation G St Connave Center Market Priicipais Westward New York Post-Office Merchants and Mechanics’ Savings Bank E.R. Chapman & CO Stock Exchange Broadway G. B. Chipman Riggs Sanx Pa U. S. Treasury Goring Lotus Asa Inverne Gee Swartzell, Rheem & Hensey Co Allison C. Jenkins Washington Adler & Co S.W. Consolidated Stock Exchange
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