Harriman Opposes Rockefeller On Federal Control Of Railroads
Financier E H Harriman answers John D Rockefeller on Federal control and overcapitalization. He says railroads are not overcapitalized, laws already on the books suffice, and future growth should be development driven not competitive. He predicts a possible, gradual contraction in business and prices, and rejects English standards for American railways. He spoke at the Metropolitan Club amid firm convictions.
MENTIONED IN THIS ARTICLE
New York
John D. Rockefeller
E. H Harriman
Harriman
Rockefeller
United States
Wall Street
Metropolitan Club
Millonaires” Club
Rockefellers
Gerveransat
Ig 19
Counti
Hualdine
Highlands Property Sold for Residential Improvement
The Connecticut Avenue Highlands Company, owner of the property five blocks north of the Connecticut Avenue bridge near Cleveland Park, is sold by the George P. Robinson Company to New York and Pennsylvania parties for $12.34 per share. The buyers, with two former stockholders, plan to form a new company and continue grading and improvements for residential use.
MENTIONED IN THIS ARTICLE
Connecticut Avenue Company
George P. Robinson Company
Connecticut Avenue Highlands Company
Whteh
Connecticut Avenue Highlands
Connecticut Avenue Bridge
Cleveland Park
New York
Pennsylvania
Cld
Potomac Fire Insurance Company Not Sold
Negotiations to sell the Potomac Fire Insurance Company were called off as buyers failed to offer satisfactory terms. President John Taylor Arms said stock would not be sold and he would remain in his position. He noted a majority stake of $200,000 and equal treatment for all stockholders, but the deal is permanently off. Names of prospective purchasers were not disclosed.
MENTIONED IN THIS ARTICLE
Potomac Fire Insurance Company
John Taylor Arms
Duluth Broker Fred Merritt Closes Doors
Fred H Merritt, reputed Duluths largest curb stock dealer, closed his doors as trustees take over his affairs. Once worth about 500000, he was hit by the copper slump and market declines. Merritt's lawyers say creditors will be paid in full and he may recover with a substantial margin. Loss marks Duluths first brokerage failure since the copper craze.
MENTIONED IN THIS ARTICLE
Duluth
Man
Fred H Meritt
Merritt
New York
Boston
Bank of France raises discount rate amid foreign demand
Paris reports the Bank of France lifts its rate from 3 to 8 12 percent and the private rate from 3 to 2 48 percent due to strong foreign demand for money. Authorities expect further hikes as eurocurrency pressures mount, with New York and Berlin calling for funds via London. Market reactions appear muted, seen as a prelude to a possible 4 percent official discount rate.
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Paris
Mar
Bank of France
France
New York
Berlin
London B
Wheat and corn surge as crop damage fears rise
Chicago grain notes report damage from green worm and heat depress crop outlook, sparking strength in wheat May to 75% and a rally in corn. Oats move higher. provisions slip with lower hog prices. Local receipts about 511,000 bushels, with Kansas acreage sowing expectations pressured by seed costs.
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Wob Hibbs & Co
New York Stock F Exchange
Washington Stock Exchange
Chisago Board of Trade
Chicago
Seaton
Liverpool
Minneapolis
Tuluth
Lverpool
Kansas
Washington Stock Exchange closes with varied quotations and commodities
Closing bid quotations show Washington Railway and Electric common and preferred at mixed prices, along with numerous bonds, utilities, and banks like National City Bank and Metropolitan Railroad. Firm notes on eggs butter dairy meats and produce reflect a broad market snapshot across regions and sectors.
Baltimore Markets in 1867 Decline and Steady Signs
The Baltimore market notes dull wheat and steady corn with varied spot and futures quotes. Receipts on grains mix with exports, including Southern white and yellow corn, oats and hay firming, with freight and sugar markets stable. notices at Toledo and educational content ask for responses by April 1.
MENTIONED IN THIS ARTICLE
WUTC
Faith in banks and fair rail rate talk by Stuyvesant Fish
Stuyvesant Fish, former president of the Illinois Central Railroad, addressed University of Pennsylvania finance students on Faith the Basis of Finance. He argued post Roosevelt reforms have been beneficial, criticized the Hepburn bill as economically unsound, and urged fair rate regulation and honest enforcement to sustain railroad financing. He noted railroads need revenue from legitimate stock and bond sales and that a nationwide 2 cent fare would strain some lines.
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Illinois Central
Roosevelt
Bunt
Philadelphia
Stuyvesant Fish
New York
Illinois Central Railroad
Waartoen School of Finance
University of Pennsylvania
Fisa
Wall Street
Stock Exchange
Pny
United States
Old Mother Earth
New York Grain Report Shows Mixed Wheat and Corn Trade
New York Mar 91 grain market receipts show 21,000 bushels of wheat spot steady with various classes quoted at several prices. Wheat futures closed mixed with May, July and September showing modest gains and losses amid bearish crop news and export activity. Corn receipts 191,250 bushels, spot barely changed. prices for No 2 and No 2 white trades noted. Oats receipts 94,500 bushels with spot mixed and slight price movements as bid prices cited.
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New York
Pennsylvania
India
New Orleans
Rio
Santos
Cordova
Duluth
Kansas
Washington Railway and Electric Shares Trade Firms
After 45 shares of Washington Railway and Electric traded at 351-2 below Wednesday close, the stock rallied on the Incuk exchange yesterday. Sixty day option activity pushed 100 shares to 936, then 50 more at the same figure. Close at 3-4 with 36 asked. preferred 80 and 791-2 firm. National City Bank stock rose 2 fractions, Commercial National up 3, Washington Loan and Trust up 1. Mostly quiet session aside from small block trades. Capital Traction minor exception at 141-2.
MENTIONED IN THIS ARTICLE
Serce
Washington Railway and Electric Common
Washington Railway and Electric Preferred
National City Bank
Alter call—National City Bank
Stock Exchange Philippine Land Purchase
District of Caluable
Gan
Washington Gan Company
Washington Gas Company
Capital Traction Railroad
Amnacostia
Pottmacus
Columbia Railroad
Morigexo Ba
Il Metropolitan Railroad
Metropolitan Railroad
Washington Railway and Electric
Washington Alexandria
Mount Veron
Houde
United States
Electrie Light
Potomac Electric Light
Norfolk and Washington Steamboat
Chesspeake
Potomac
Washington Market Company
Washington Railway
Electric Common
Washington Railway and Electric -Preferred
Washington Gas
Georgetown Gas
Washington
Alexandria
Mount Vernon
Checa
Peake and Potomac ‘Telephone
Mergentheler Lanstype
Lanaton Monotype
Greens Capper
Mitchell Mining Company
National Bank
Americam
Capital
Central
National City
Columbia
Commercial
Farmers and Mechanics
Lincoln
Metropolitan
Washington Exchange Bank
Trust Company
American Security and ‘Trust
National Safe Depaalt and Trust
Waton Tract Company
Washington Loan
Trust
Washington Baja Deposit
Union ‘Trust
Savings Bank
Home Savings Bank
Union Savings
Merchants and Mechanics’ Savings Bank
Arlington
Garcoran
Iremen
Franklin
National Union
People's
Thule
Columbia Title
Washington Title
Southern Public Service Corporation
Washington Morket
Bidelity Storage Company
Incuk Exchange
Aixty
Commercial National
Washington Loan and Trost
Capital Traction
Exposition Editor Washington Post Open to All
Exposition editor at the Washington Post in Washington D C announces openness to all readers and contributors, highlighting inclusive coverage and public access to upcoming exhibitions and features. The note underscores the paper's commitment to diversity in perspectives and events.
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Washington Post
Washington, D. C
Opportunities to Win Free Trips at Historic Exposition
A call to enter a popular contest promises a chance to win free trips to the United States’ most historic exposition and cash prizes. Readers are urged to begin early and enlist friends to maximize their odds.
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United States
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