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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Jan 19, 1907

Page

2

Sharp Drop in Stocks Pressure on Steel Common

New York January 18 stock market declines exceeded any day this week or year with widespread selling and liquidation. Amalgamated Copper, Union Pacific, Southern Pacific and United States Steel common fell sharply while trading surpassed 1.3 million shares amid bear-driven weakness. The market showeed heavy pressure on Steel shares as dividend expectations faded and speculation shifted to financing new plants, with money rates drifting lower and bonds inching down in response.

Washington Post New York Union Pacific Southern Pacific Atchison Common Reading St. Paul Northern Pacific Great Northern Pennsylvania United States Steel Common Canadian Pacific Amalgamated Copper Company Lkely United States Steel Corporation Wall Street Amalgamated Copper Steel Corporation Gary London Bank of England Fox Bear Associated Press United States Steel Port Arthur

Bank Clearings and Market Wrap of London Copper and Wheat

London tin and copper prices edged down while the local market held steady amid a broad decline. London iron and spelter moved lower, flour and grain futures showed firming tones in New York with mixed receipts and exports. Sugar and butter held steady, eggs firm, cheese active, as agricultural and metal markets shift in early 20th century trading.

New York London Pol Standard Foundry Cleveland Northern Fouthern Bonthorn Baltimore

Wall Street Gossip Tracks Rail Loan Rumors

Special to The Washington Post from New York on January 18 describes continued heavy trading in Union Pacific amid talk of new notes and funding to cover securities acquired since June 30, 196. Delaware and Hudson and New York Central also draw rumor mill attention as market noise aims to depress prices. Brokers note aggressive decline efforts by Western capitalists, while railroads plan capital mainly for expanded facilities due to higher business volumes. Money remains ample with banks projecting an upward weekly currency movement and sub 5.5 percent short-term loans for industrial collateral.

New York E. R. Chapman & Co G. B. Chipman New York Stock Exchange American ‘Tobacco American Tobacco Atchison General Atchison Adjustment Atlantic Coast Line Baltimore Ohio Baltimore and Owlos Brooklyn Eagle Transit Central of Georgia Central of Georgia Ist Inc Central of Georgia 24 Inc Central of Georgiad Inc Chesapeake and Ohio Chicago and Alton S. Seely Chicago Burlington and Quincy Pacife St.r Ory Chisagy Pacife HH Col. Bact C. C Colorado Industrial Ge Perles A. Wiez Colorado Midland Colorado Southarn Cuba Distilers Denver Ro Granda Securities REG Erie BK Erie General Hocking Valley Betriey Japan Ou Japan Louisville Nashi Manhattan Mexico New York Central General New Jersey Central General A. Oi Northern Pacifc Northern B. Ee Maryland Wheeling Lake Erie Wisconsin Central Washington Post Union Pacific Mahl Interstate Commerca Commission Delaware and Hudson New York Central United States Steel Corporation Benning Road Messrs. W. B. Hibbs & Company F Street Washington, D. C Washington Stock Exchange

New York Cotton Market Slumps Then Steady At Close

The New York cotton market opened barely steady with a 26 point decline, fell about 58 points on active months, aided by Liverpool cables and large receipts, then recovered in the middle session as shorts covered. By close, values were within a few points of the best, with heavy export demand nearing record levels for the period.

W. B. Hibbs & Co New York Stock Exchange Washington Board of Trade New York Jag Iverpool Georgia Alabama

Pennsy to Acquire Philadelphia and Erie Stock

Philadelphia January meeting of the Philadelphia and Erie Railroad board votes to turn control to the Pennsylvania Railroad in exchange for stock holdings. Pennsylvania Railroad already holds a majority and operates the line. Erie stockholders vote February 11. Piles cured in 6 to 14 days by Paro Ointment. 50c.

Philadelphia Philadelphia and Erie Railroad Company Pennsylvania Railroad Company Pennsylvania Railroad Philadelphia and Erie Company Pennsylvania The Erie Company

Also Mentioned on This Page

Treasury Report Bussian Cola Colm Philippine Labidder Metal Market Braintree Beaton St. Louis Pittsburg San Francisco Cincinnati Kansas City New Orleans Minneapolis Hoveland Loulaville Darralt Los Angeles Omahi Milwat Providence Buffalo Indianapol Deaves Seattled Memphis Richmond Savannah Bati BA Atimta Nashville Norfolk Birmingham Lincoln Boston Albany Northwestern St Ste Marie IRS Wilmington Stoas Lewis— Dull Great Britain Continent Atoll France New York Stock Market Lowe B. Salen Hiab Adams Express Kansas City Southern Car and Foundry Lowlayilis Ama von Oly American Cotton Oil St. P Ste. Bl American Express St P Ste M. Ptd Misouri Pacific American Ice Securities Missouri Kenzay Texas Mfo Kangas Texan Ptd Rylan Nat. R. R. of Prat Smelt and Refining BOM N. Y Ontario and Western Norfolk and Western North American Angconda Mining Company Northern Facine Atchteonics Pacific Mali Atchisan Anantle Coast Baltimore and Ohio St. Loui Central of New Jersey BEA Chezapeake Chio BLY Republic Stael Republic Steel Aid Rock Island Company Reck Island Company Ar Co Slose-Shefler Stuel Chicago T T. Nfa St. L Ban F Tennessee Corl Texan and Pacific Mig Delaware and Hhidaon Aoa Toledo Western Del Lack Bt. L Denver and Rio Grande P.u. al Erle United States Rubber General Electric United States Steel Ltd Acolos -Carolina Chemical Wheeling and Lake Eri Jews Central Giowa Central Bankers and Brokers Chicago Board of Trails Penny U.S Merchants & Mechanics’ Savings Bank National Safe Deposit Savings G@ Trust Co Cer Jsth F. H. Smith Co Smith LD. Latimer C.F. Nesbit New York Ave N. W Union Savings BANK Fourteenth St Batato Calumbia Weiberil McLeran Blake Rifle Company John Henry Blake William Wolfley B. Frank Cash Potomac Electric Power Company Consolidated Washington Railway and Electric Co United States of America United States District of Columbia Brown Brothers & Company Ernation ‘Banking Ctreet China Philippine Telands Bombay Calcutta Singapore Papang Hongkong Canton Mantle Cebu Shanghai Yokohama Kobe City of Mexico Panama New York sgThe Bank National Safe Deposit, Savings and Trust Company OF Congress Thomas Nes Charles E, NY Man Woodbury Blair Francis Riggs Thomas R. Jones Charles E. Nyman Francis Ricca A. D Charles C. Lamborn William D. Hoover S. Thomas Brown W. E. Edmonston Walter Horace Wylie Henry Orth JG. W. Gray Campbell-Hudson Co H ST. N. W Nth St. N. W Egeing Tem Sears Harrison Realty Company G Street District of Golembis Swartzell, Rheem & Hensey Co Warner Building F Streat Northwest Fisk & Robinson Bankers Cedar Street State Street E.R. Chapman & CO N. Y. Stock Exchange Broadway Napoleon Bonaparte Arthur Cowsill Colorado Building 14Th and Sts Exchange Brocie & Bonds W. B. Hibbs Continental I (Fire) Insurance Co Sana Francisco BEE Ay Jas A. Marvin & Co Traders National Bank Depository of Public Moneys of U. S Washington Exchange Bank O. L. Wolfsteimer Co Q. S. Wolfsteiner Max, Wolfsteiner Teuktann Beiler Charles Thomson Samarr Henry F. Mdenour Notary Public Chesley & Spence Oilen Mabe Mir Grain Washington Loan & Trust Co Ancintent Treacatsy Eatate Trust Smeer Gold Divide Mining, Milling, and Tunnel Company Treasury Tte Summit Park Counties Tight Sun N.C. Upham Gold Divide Mining Cola Jenkins & CO Cella Commission Co Miscourt Frank Kane & CO Miner & Co Phildelphie Lewis & Coq Francis R. Dooley & Co
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