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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 04, 1907
Page
15
Washington Post special from New York reports a volatile session with Union Pacific slipping near close after a late bid to port, the market holding gains and closing at strong levels amid renewed activity in securities. Telegraphers strike notes add to uncertainty as investors watch railroad stocks, with Union Pacific showing both gains and intraday pressure, while broader issues remain unresolved in the market.
Market chatter from Washington shows activity on bond sales and regulatory calls. Capital Traction Fa and Chesapeake and Tatamae Telephone appear in trading notes with prices near listed percentages.
Stock quotes and financial notices from New York and Boston show trading near midweek results. Names like Margen, Lanston, and Union Trust appear with fractional gains. industry terms and multiple tickers populate the page reflecting a busy market snapshot.
New York money market reports show rules and rates for money on call at eight percent, six percent, and longer terms. Closing bids and offered rates are listed with prime paper at around four percent and sixty day bills near four and a half percent. Government and irregular U.S. bonds are noted with no decisive shifts.
A fragmented OCR report details price moves in the London metal market with spot advances and futures gains. It also covers dairy and poultry prices, butter, cheese, dressed meats, and vegetables with regional supply notes and various crates and per pound rates.
Special to The Washington Post from New York on July 3 outlines how a Pacific convertible bond syndicate leads an active market move. It explains underwritings, conversion parity, insider participation, outsider subscriptions, and how price advances benefit the syndicate and attract stockholders ahead of the July 10 deadline.
The local securities market the day before the holiday was moderately dull with most activity in bonds. Greene Cananea Copper gains reflect upcoming dividends while others like Capital Traction and Washington Railway see sparse bids and sales.
In New York July market notes Butter and a wide range of staples show steady or unchanged receipts. Poultry, eggs, flour, rye, corn meal, hay, wool, and sugar display small price stability with occasional minor shifts. Export and domestic figures listed for grains, meats, and fats indicate overall market calm amid varied commodity categories.
Market snapshots show beef receipts around 144 and cattle at 302 higher bids. Sheep, lambs, and hogs vary by class with steady to firm tones. calves, cows, and bulls listed with price ranges and regional quotes.
Market notes show Lambs in fair supply and steady demand with quotes mixed. Wheat and corn futures fell then steadied as reports cited wet weather and harvest conditions. pork, lard, and hog prices edged lower with receipts rising in Chicago Minneapolis and coast markets.
New York grain market shows July wheat options firming with gains to around 107 to 108 and corn futures steady after a morning rise. Wheat exports listed at 161 bushels, with futures closing firm amid favorable outlooks. Corn receipts around 160175 bushels, with options steady after nine shows. Barley and oats activity lightly reported with mixed prices. Rice and soy products weak, reflecting dull trading.
The market showed volatile activity with prices drifting lower after a strong July rally. Trading was marked by uneven advances and broad selling, leaving the day near the session close with little net progress and a substantial gap from recent highs.
A Mining Market Letter argues Mr Lawson will target Trinity and Nevada amid mining market expansion. It notes his influence on Utah camps and Nevada holdings, predicting strong activity and potential multifold gains as investors flock to Nevada Consolidated, Trinity, and related mining stocks. It highlights the broader revival in mining, with many camps like Cobalt and Tonopah praised for intrinsic value and future profits.
Contestants and subscriptions welcome with coupons accepted until 2 o clock noon Sunday July. Your efforts this week will tell the story.
The Annapolis city council, after the municipal election, and Washington Baltimore Annapolis Railway representatives agreed on an ordinance granting the railway a two period of three years of exclusive street rights. A bond of 1000 with Fidelity and Deposit Company of Baltimore guaranteed completion by January 1903 and cars by April 1. The plan adds access to tidewater at King George Street foot, two extra blocks of track, and the compromise reduced the five year exclusion to three years.
Judge Mack convicts Lafayetter McWilliams Daniel Lord and D W Kimball for misappropriating 71 500 from personal friends of the late Mrs William McKinley and the trust partner, in a case arising from investments in Indiana oil loans worth 67 600. The court notes the defendants sought money to erase obligations of friendship and to travel beyond legal bounds.
In Detroit the case of a man who beat and stabbed his wife Maud Walters at her home ended with a murder conviction. The defendant, identified as Vavia U Waters, received a life sentence in Brata place at Marquette. The narrative notes a troubled marriage and a pending note left by Kirkpatrick, who died by suicide after the killing, claiming his sole love caused the tragedy.
Joseph P Wallama, president of International Loan and Trust Company, created yesterday and held to answer July 15 in Federal Court on a $1000 charge of using the mails to defraud. He allegedly mailed a circular from Toursville post office urging subscriptions to debenture bonds of the company.
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