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Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Jan 19, 1907

Page

33

Sharp Stock Decline Pressures Steel and Copper Shares

New York stocks plunged sharply with heavy liquidation and widespread selling driven by speculators and fear of dividend changes. United States Steel common faced pressure amid dividend doubts at Amalgamated Copper, while other majors like Union Pacific Southern Pacific and Reading also fell. The market showed no clear catalyst, with bear operators coordinating a broad selling campaign and reports of trouble stories weighing on sentiment.

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 E. R. Chapman & Co G. B. Chipman New York Stock Exchange American Tobacco Atchison General Atchison Adjustment Atlantic Coast Line Baltimore and Ohio Sly 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.aeely 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 Denver Granda Securities Gs REG Erie BK Erie General Hocking Valley Betriey Japan Ou Japan Mexico New York Central General New Jersey Central General A. Oi Northern Pacifc Northern B. Ee Maryland Wheeling Lake Erie Wisconsin Central Lowe B. Salen Hiab Adams Express Kansas City Southern Car and Foundry Lowlayilis Nashville Ama von Oly Minneapolis 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 New York Central 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 St. Loui Central of New Jersey BEA Chezapeake Chio BLY Republic Stael Republic Steel Aid Northwestern 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 Ericon Jows Central Iowa Central W. B. Hibbs & Co Bankers and Brokers F Street Chicago Board of Trails Washington Stock Exchange

London and New York metal and grain markets mixed

London tin and copper prices slipped while iron and spelter showed mixed moves in London. In New York, wheat and corn futures firmed amid dull receipts for flour and inconsistent grain prices. nearby ranges and basis quotes feature London spot and futures alongside domestic grain, butter, eggs, and sugar prices in a broad market snapshot.

New York London Pol Standard Foundry Cleveland Northern Fouthern Bonthorn Baltimore

Wall Street Gossip on Union Pacific and Rail Stocks

Special to The Washington Post reports continued pounding of Union Pacific as markets weigh the cost of securities to complete payments for stocks acquired since June 30, 196. Rumors touch Delaware and Hudson and others while investors seek new capital. Brokers note aggressive declines by Western capitalists and banks offer low-rate loans as money conditions stay ample.

Washington Post New York Union Pacific Mahl Interstate Commerca Commission London Bombay Calcutta Singapore Papang Hongkong Canton Mantle Cebu Shanghai Yokohama Kobe San Francisco City of Mexico Panama Washington New York sgThe Bank

New York Cotton Market Quiet but Steady After Decline

New York cotton closed very steady with a slight advance after a volatile session. Opened barely steady down 2-6 points, active months fell about 5-7 points early, aided by bear pressure and Liverpool weakness, then rallied late as shorts covered and traders awaited weekly supply data.

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

Penny to get new line

Philadelphia January meeting of the Philadelphia and Erie Railroad board decides to surrender full control to the Pennsylvania Railroad in exchange for stock. Pennsylvania Railroad already holds a majority. Erie stockholders vote February 11 to approve the proposition. Piles cured in 6 to 14 days Paro Ointment guarantee 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 Cincinnati Kansas City New Orleans Hoveland Loulaville Darralt Los Angeles Omahi Milwat Providence Buffalo Indianapol Deaves Seattled Memphis Richmond Savannah Bati BA Atimta Norfolk Birmingham Lincoln Boston Albany Delaware and Hudson St Ste Marie IRS Wilmington Stoas Lewis— Dull Louisville Great Britain Continent Atoll France New York Stock Market Penny U.S Merchants & Mechanics’ Savings Bank National Safe Deposit Savings G@ Trust Co Cer Ith St New York Ave F. H. Smith Co Smith LD. Latimer C.F. Nesbit 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 Benning Road Messrs. W. B. Hibbs & Company Washington, D. C Brown Brothers & Company Ernation ‘Banking Ctreet China Philippine Telands 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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