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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 31, 1907
Page
15
Steel Corporation announces quarterly dividends after earnings for the period exceed the previous record by nearly 4 million. The company reports post settlement gains and notes stronger market tone in New York trading with shares showing firmer movement.
New York bond market report notes uncertainty in money conditions and a bearish tone in New Street while Union Pacific Southern Pacific and Reading show unexpected buying. Traders eyed Harriman stocks amid signals of bank support and a cautious outlook for year end financing.
The report notes a busy gas market with the first sale at 7512 and prices rising to 7688 after a quick buying surge. Georgetown Gas Company stock offered at 10 with 15,000 shares traded, Lanston stock at 41 and 1/2, Commercial National Bank shares modestly higher, and limited activity in other bank and trust shares. Bond activity was quiet with minor gains on some issues. Cananea Central property work accelerates under Greene Cananea Copper Company with vast ore quantities and company improvements aimed at raising monthly output beyond 700,100 pounds this fall, while reducing concentrate costs.
Market report shows mixed activity with numerous securities priced in small blocks. Weak demand and limited trading push prices lower for several rails and utilities while some blue chips hold near prior levels and bond notes include redemption movements.
Market notes show steady to rising dairy and butter prices with a mix of steady crates and firm quotes. Chickens, turkeys, and hogs command steady to higher values while vegetables like cabbage, okra, peppers, and tomatoes move in varied barrels and boxes amid generally active demand and modest receipts.
A broad grain and commodity report describes wheat futures easing and rising, with quotes on butter eggs flour and coffee. It notes steady to unchanged prices across multiple lines and mentions transportation influence and exchange activity in New York and Chicago markets.
Historic market notes from New York and Washington tracing cotton and grain sessions. Describes July and August futures in corn and wheat, with prices, open interest, and regional weather notes impacting trading. Mentions private price quotes, broker commentary, and market mood amid uneven day’s activity.
The firm operating in Philadelphia and the state, a major building contractor, has been placed in the hands of a receiver by the Common Pleas Court. Maxwel Veeth, president, signed his name on the document confirming the action. The receiver is to manage contracts and assets as creditors pursue obligations.
New York reports show United States Steel Corporation shattered records with 345 503 705 in net earnings for the spring quarter ending June 30 far above last year. An increase of 4726 7 over the prior year's quarter and a 9400 000 rise in plant construction funds highlight a year of extraordinary orders and heavy investment.
New York July 90 John W Gates with Mrs Gates and son Chaies G Cates sail aboard Cunard steamer Go fu to remain awhile then visit Beauya near Parle estate purchased by Jona 4 Gates aims to probe Europe war party and discuss industrial acts. He argues for drastic financial legislation to expand money supply to support growth and avoid stagnation.
Market reports show weak demand for steer and heifer sales while cows remain steady. Calves and calves prices vary. hog receipts near 14 000 with steady to higher quotes for prime and good heavy weights. Lambs and sheep receipts modest with steady to firm tone overall. Feeder and bull categories mixed with regionally varied prices.
Dr Alpert C Patterson statistician of the health department and his wife Dr Mrs Ancy W Patterson filed three damage suits totaling 125000 against the Washington Railway and Electric Company for alleged injuries after a streetcar collision on Couwenant avenue near Duke Street. The couple allege being struck by a southbound car at an unlawful speed, knocked unconscious, with permanent injuries. Mrs Patterson reportedly suffered brain concussion and skull fracture while Dr Patterson sustained broken wrists and other injuries.
The Interstate Commerce Commission ruled that 4 cents per 10 pounds for cotton waste from Augusta to New York was excessive. The commission, led by Commissioner Clementa, set a maximum of 30 cents per 100 pounds for sea and rail transport of cotton waste from Augusta to New York. Also, the Georges Creel Basin Coal Company charged with rate discrimination against its coal from Maryland mines against favored routes to West Virginia and Pennsylvania coal fields.
The Treasury Department details a new auditing system with regular monthly audits of disbursing officers. Offici als will compare payments against warrant records, analyze receipts, and separate cblium practices while training staff. The reform, effective November 1288, aims to improve currency sourcing and accounting integrity across branches.
A Philadelphia real estate operator proposes to buy unsold New York City bonds and stock totaling 7 000 000. Deputy Comptroller Ve Covay announced plans for private sale or public offering near August 1. The move targets bonds for Delancey Street projects and rapid transit, with several million allocated to major city needs.
Daily telegraph from July 9 1907 to major papers touts imminent market rise in goldfield stocks and urges purchases of listed shares. It claims a sensational advance is coming and names numerous offerings with aggressive margin buying and wire orders. Investors urged to buy on marginal basis and to trust announced gains.
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