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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jan 22, 1908
Page
9
Reading and Wall Street reports show a general decline with few recoveries. The market weakens as investors doubt the pace of advance and heavy selling pushes major shares lower amid cautious sentiment and calls for tighter money.
Oil quotations show January balances and shipments with credit balances at OU City on January 2. North Lima to Indiana rates are listed, with daily averages and totals for shipments and prices. Toledo Chin January 21 references south Lima route and Indiana trade activity.
Special to The Washington Post from New York reports a weak opening in Sinelt ra with 4000 shares traded and a narrow 1 1/2 point range. It notes long time bulls now urging sales as the stock falls from 64 and 63 1/2, amid broader readings on Reading, St Paul, Rock Island bonds, and Smelting company factors shaping the stock market.
New York and Boston bond prices and quotations listed for diverse issuers including American Tobacco Chesapeake and Ohio and Union Pacific. The page notes curb quotations, money on call, time loans, mercantile paper, exchange rates and commodity prices with numerous company names and bond figures.
Wholesale quotes for eggs butter cheese live poultry and meats with grains and produce items. Prices reflect regional sources from Virginia West Virginia North Carolina and other markets with noted adjustments and demand signals.
The Washington market moved downward with few exceptions as many issues traded in small lots. Capital Traction sold 6000 at 110.5, Washington Railway and Electric 4s at 73.25, and Potomac Electric 5s at 101, while other issues saw limited supply and waning interest. Anacostia and Potomac 6s traded in Baltimore, and Capital Traction had no recent sale under the new management. A Capital Traction report showing a year’s net earnings rise by 55,987.23 circulated to shareholders.
Ag active demand for cash wheat strengthened the market with May delivery around 102, corn up 0.5, and provisions lower. Wheat futures closed firm amid optimistic receipts and smaller next week supplies, while oats and hogs provided mixed signals as local receipts rose and packers shifted bids.
New York wheat and corn futures extended gains amid mild weather outlooks and steady demand. Wheat led with strong futures activity, particularly for May and July contracts, while corn showed firmer prices on improved export prospects and spot support.
New York cotton rallied after an early drop with July and March futures slipping to near session lows before buying support lifted prices. Trade cited better cables, heavy realizing, and anticipated government reports as factors behind the volatile day.
Negotiations in Washington aim to settle quarrels among the Central Railroad of New Jersey Reading Baltimore and Ohio and the New York New Haven and Hartford over through rates. The New Haven plans to end certain eastern westbound rate agreements March 31 while continuing others with the Pennsylvania system and Lehigh Valley. Baer interests accuse Hepburn law violations in interstate trade as the Interstate Commerce Commission weighs petitions involving Jersey City Harlem terminals and foreign tariffs.
The Interstate Commerce Commission bulletin for July to September 1907 reports 23,083 railroad casualties, including 1,389 killed and 21,724 injured, up from the previous year. It records 279 collisions and derailments, 2,245 and 2034 respectively, affecting passenger trains, with damages totaling 3,605,696 dollars, and notes an increase in collisions and derailments versus 1906.
The Commerce and Labor Department and Justice push to curb bringing women to the United States for immoral purposes. Secretary Straus declares war on the traffic, with immigrant inspectors deporting women of bad morale and prosecuting procurers. Recent Helena Montana district court convictions and more prosecutions are noted. Also included are London market reports on tin copper lead and iron with mixed local price movements.
New York markets show receipts 1,646 with cattle dull and steady, sheep and lambs slow to lower, and hogs about 1c higher. Chicago cattle receipts around 4,500 with market steady to strong, hogs higher, and veal listings mixed. overall bid prices include steers near 42.40, cows 40.50, and hogs around 4.40 to 4.55 per cwt selling ranges and per hundredweight figures.
Baltimore markets report dull receipts and mixed futures with wheat and corn prices firm or steady. Bank suspension at Boise follows heavy withdrawals as Capital State Bank of Idaho halts operations due to liquidity strain.
At a Monday night meeting the Brightwood Park Citizens Association urged an immediate rise in local police, passing a resolution praising May Sylvester for supporting the move. Other actions urged Congress to empower inspectors for streetcar regulation and sanitary rules, while a separate Anacostia group aimed to consolidate associations but failed. A resolution backed District suffrage on the prohibition question and a three member committee was named to attend the Commissioners hearing Thursday.
The Washington Cat Club hosts its fourth annual show at 1423 New York Avenue today and over the next two days. Back alley rescues join prize-winning breeding stock from top catteries in the United States and Europe, including Siamese Princess owned by Chief Justice Harlan and “Dewey,” mascot of the Soldiers Sailors and Marines Club, bought for 150 dollars by Mrs. Cridier. Columbia Patrick, two blues owned by Miss Tibbetts, and other champions will compete as more than 200 prizes are offered.
A brick apartment house at 1784 Willard Street Northwest with two six room flats has been sold from C I Langman via Stone and Fairfax to a Maryland buyer for investment. The apartment at 14 M Street Northeast sold through Boss and Phelps to H P Brayer who plans Washington residence.
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