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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

May 10, 1907

Page

7

Market Shifts as Union Pacific Plan Sparks Activity

New York stocks rallied briefly after Union Pacific announced its financial plan, with prices rising above 249 before slipping after the plan's publication. Bonds and convertible terms prompted mixed sentiment, while other sectors faced pressure as worries about capital absorption by large rail and utility interests persisted. Investors turned to wheat and cotton amid broader market dullness and anticipated crop reports from the Agricultural Department.

New York Union Pacific Southern Pacific Agricultural Department Albany New York Corporation New York Central Momesx London Bank of England United States

Wall Street Gossips on Union Pacific Financing Plans

Special to The Washington Post reports that a Har riman melon proved poor and that Union Pacific’s announced financing plan failed to meet market expectations. The road now faces a 275 million bond issue at 4 percent, with limited convertibility, and possible extra common stock of 100 million. Analysts warn of dilution and weak earnings projections while rumors swirl about dividend changes and potential alliances with Boston and Maine and the New Haven. The market shifts to cautious skepticism amid speculation on governance and coastwise trade control.

Washington Post New York Union Pacific Coutse Pennsylvania Baltimore and Ohio Treasury Wall Street California Boston and Maine Railroad Stock Exchange New Haven Boston and Maine Itas Boston Maine Hartford Nova Scotia

Local Financials Show Mixed Bond, Stock Activity

Canitai Traction leads a buoyant market start with 10 000 share blocks at 1081 2 and late sales near 21 3. Chesapeake and Potomac 6s advance, Potomac Electric first 5s move to 167 3, Wa Washington Railway common trades light, Union Trust sees price advance to 129 2 on bid demand as government space for new Union Trust building sparks hesitation. Rock Creek Auto and Wagon Works declares 6 percent dividend payable June 1 for stockholders of record May 1.

Canitai Canitar Traction Chesapeake and Potomac Potomac Electric Washington Railway Lanston Union Trust Union Trust Company Geome Rock Creek Auto and Wagon Works (Inc New York ARKET Salen Kansas City Southern Wee Amalgamated Copper Kansas City Southern Ar and Foundry Louisville Nashville Car and Foundry Mexican Central Cotron Oil Minneapolia St. Louis Cotton Oil Ptd St P. & Sauk Ste MGM St P&s Ste. M. Pla Iggy Bute Pactic Ice Securities Steee Missouri Mensas Texas Kans Tex National R. KR Mex Éee Central West Norfolk and Western Fies Anacomia Mining Co Tehiron Paclic Piak Capital Traction Rairoad Ss oasjAtchison Paonsylvadia Persee Capital Traction Railroad Atlantic Coast Line Wats People's Gas Bee Anacostia and Potomac Sa Baltimore and Ohio Pittsburg Hallroad Libbin Railroad Metropolitan Railroad Brooklyn Rapid Oes Pullmean Palace Padgcrae Dearsay Washington Ralt Central of New Sieyfinan Washington Ray Alexandria Mount Vernon Central Leather Potomac Electric Light Ist Chesapeake and Repubiic Steel Norfolk and Washington Chicago Great Western Republic Steel Cheaeake Chicago and Northwestern IV TW iRock Island Co Rare Telephone Chicago Mil St. Paul Rock Island Co. Prase Company Chicago ‘Terminal Esaherssal San F Capital Traction T and T St. Louia Southwestern Washington Hallway Iany Cs Cc St Lowe Southwestern Wesbiates Ae Washington Railway and Electric Colorado Fires and Iron Sloan-Shhofield Brest Norfolk and Washington Steamboat Colorado and Southern Southern Pacific Orf Sey Bas Washington Gas Georgetown Gas Waah Cole and Souther Pacific aAington Cheva Southern Railway Reese Peake and Potomac Telephone Cole and Southers Garn Texam Greene-Cananéa Copper Mitchell Mining Company National Bank American Delaware and Hudson Toledo St Louis National City Columbia Capital, Com Delaware Lack and Esmercial Farmers and Mechanics Lin Denver and Rio Grande Union Pacific Frag Coln Metropolitan Unioh Pacific Prd Alan ‘Trafera Diatiliers Securities BRIA Js Oe United States United States Realty Er Trust Company American Security Erie National Safe Deposit and Trust Washingto Loar Erie Gd Pfi Bath and Trust Washington Safe Decosit General Electricorene Stespid Union Trust Great Northern Virginis-Carolina Chemical Savings Bank Home Savings Bank Illinois Central Pia Union Savings Bank Merchants Medien Interborough-Maetrapelicana Ican Savings Bank Inter -Met Wabash Pia Aringti Columbia Iss Wells-Fargo Expresa Commercia Corcoran International Westinghouse Electric Franklin Metropolis International Pump Western Union National Union People's Potch International Pump Iowa Wisconsin Central Wheeling Lake Erie Wisconsin Security Storage Company Fidelity Storage Company W. B. Nibos & Co Dankers and Brokers New York Stock Exchange Bi Iward Washington Stork Exchange

Washington Stock Exchange closes bids across rail and utility stocks

Closing bid quotations from the Washington Stock Exchange show varied activity in common and preferred shares. notable entries include Capital Traction, Washington Railway and Electric, Washington Gas, Mitchell Mining, American Graphophone, and Philippine Land Purchase bonds with prices ranging around 4 to 109 and percentages from 39 to 169.

Capital Traction Wathingtor Halway Washington Railway and Electric Preferred Washington Gas Dyer Mitchell Mining Mitchell Millog Joyal Wyshington Gas Capital Traction GS

New York Money Market and Commodities Report

The New York money market shows steady money on call at 2 percent with close bids near 2 1/2 percent and rates for time loans strengthening to 4 percent for sixty to six months. Sterling offers mixed, with bankers’ bills around 4.34 to 4.84, while gold and Treasury balances reflect ongoing interbank activity. Copper, tin, and lead futures move in London and New York markets, and domestic cattle and grain receipts show varied price firmness across beef, dairy, and produce sectors.

New York Prime Mercantile Sterling Exchange Renpros Cole Css Ceeeee Ee Sen Philippine Ital Atchivon Pers International Icalors Steamship Company Teleedeas ae-Ctal Slessar Bimes Standara Union Pacific Seanento Company Western Pama Washington Beltway Gectrie Pid Mey London Electra Onchangea Wit ‘Standard Foundry Cleveland

Washington Produce Market Prices and Supplies

Market reports light supply with active buying across vegetables and dairy. Fresh Virginia and North Carolina items show 17 percent wholesale rates, with butter and cheese prices drifting. live poultry and dressed meats mix firm to moderate. Regional fruit and produce values vary by item, with strong demand for apples and citrus and steady duck and turkey markets.

Went Virginia Tebrewes North Carolia Uch Goode New York State Werntern Meath Bermuda Florida Malina State End Western Charleston Okra New Orleans California

Baltimore Markets Mixed Grain and Dairy Prices Report

In Baltimore May trading, grains show steady to firm prices with soybeans and corn mixed while oats and rye linger. Butter and eggs hold near unchanged levels, and cheese remains active. sugar stays steady as the market reacts to New York exchanges and local routings. Cotton futures rally to new highs amid bullish sentiment and weather-driven expectations, with late-session selling trimming gains.

W. B Hibbs & Co F Street New York Stock Exchange Washingtey Stock Exchange Calcata New York Salen Inter Belte Pricen

Chicago Railways Appeal Seeks Supreme Court Merger Case

A petition for a writ of certiorari brings the North Chicago Railway Company and the West Chicago Railroad Company against Union Traction Company to the U S Supreme Court. The action seeks to overturn the Chicago streetcar merger, after a trial court refusal and an appellate verdict in the Seventh Circuit. The latest filing aims to have the full record reviewed by the high court.

United States Supreme Court Sertiorari North Chicago Railway Company West Chicago Railroad Company Union Traction Company Chisago Chicago United States Circuit Court of Appeals Supreme Court

New York Grain Markets on May 9 Rallys in Wheat and Corn

Wheat rose amid strong Liverpool cues and foreign buying with weather delays in Minnesota and the Dakotas. Corn and oats followed higher with cold Northwest weather and improved demand aiding lardery exports, while receipts and futures activity varied across locations and grades.

New York Northern Duluth Jess Liverpool

Richmond R F and P sells bonds for double tracking

The Richmond, Fredericksburg and Potomac Railroad sells 280000 dollars of 3 1 2 per cent forty year gold bonds to Richmond-Washington Company. Funds will cover double tracking the Richmond Belt Line and to buy 100 steel cost cars and 200 steel under frame box cars. Freight pay rises July 1 to 60 cents per day to aid revenue.

Richmond Richmond, Fredericksburg and Potomac Railroad Formpany Richmond-Washington Company Richmond, Fredericksburg and Potomac

U Sites Considered for GW Buildings Four Northwest Grounds

George Washington University officers review four possible sites for new university buildings. Options include the Dean property on Connecticut Avenue, the Sherman Barber tract on Fourteenth Street, property on Sixteenth Street Hill, and ground on Woodley Road. A southern site near the Capitol is debated for access to libraries and government institutions, but northwest sites are favored for higher ground.

George Washington University Dean Connecticut Avenue Sherman-Barber Fourteenth Street Sixteenth Street Woodley Road University Capitol Botanic Gardens Library of Congress National University Washington Abu Fe Thhe van Ness

Merge of Steamship Lines Planned by Consolidated

The New York and Cuba Mail Steamship Company and the New York and Porto Rico Steamship Company will be folded into the Consolidated Steamship Company within six weeks. Except for the Hudson River lines, these Morse lines are outsiders in the merger. Shareholders in the two companies will receive 1000 bonds of the consolidated company in exchange for ten shares of stock. No plan exists to include the Hudson River lines.

Apcela Washington Puxt New York New York and Morse Hudson River

Also Mentioned on This Page

Chapman & Co Chipmen Miembers American Tobacco Atchison General Ohie Hrooklyn Rapid Trenail Co Central of Georgia Central of Georgia 1St Central of Georgia 3 Chesapeake Otuo Chicags and Alton Reed Quay Pacific Pacific Railroad Co Chad St Louis Colorado Industrial Colorado Midland Cuba Vistillere’ Securities Us Rie General Llecking Valley Tas Japen Japan Fe Japan Ead Manhattan Consol Gold Mexican Central 1St Inc Minneapolis S. Louis Kansas Railroad of Mexico York Gentral General Attu New Jersey Centre Genare Northern Pacific San Bran Wenere Seabe and Air Lana Texas and Pacific Zetta Ies Cowpds Bestop Mane Fitchburg Ty Trion Pacific Pure New Heaven Wooler Amma Edizon Machina North Batte Aig Atlantic Bennon Northwestern Lkely Ames Vanderbilt Henry Clay Frick Road David Kimball Satter Local Financial Waenington Railway and Electric Common Lgnd Washington Stock Exchange Hordern Treasury Report Cure Market Metal Market Dreseet Prin Riseray Helfere Afockers Saphate Alice Minnesota Weattra BUGAR Talr Colet Rio Bantos Cordnva Washington Cattle Market Maorsland Shageer Ordintary Ari Pere Euboen Tholes Washington Produce Market Baltimore May Sayannen Bready Norfolk Philadelphia Houston Augusta St. Logie Ciocinnati Loutaville Bet Great Britain Ytel Atowk Britain Continent Ess Chicago Railways Appeal NEW York Grain Furntgheaty W. B. Elbts & Co Chicago Board of Trade TNG AH Duke Shorts Watyers and Jongs Dakotas Canadian Northwest Bissodrien Kentucky Germany Ols Ath Ol City FL & P Atlantic City American Bankers’ Association N. F Association Marlborgogh- Divsheim Hotel G.W. U Northwest Capitol Hill Consolidated Fovancial Letters OF Credit and Foreign Drafts Washington Loan and Trust Company John Joy Edgon E. & G. Randolph Broadway New York Cotton Exchange New Orleans Cotton Exchange Washington, D. C M. W A. O.brown & Co. Bankers and Brokers Stead St. & Waldorf-Astoria Eltles Mungey Sharnes G. Gates & Co Herbert L. Jones E.R. Chapman & CO G. B. Chipman Europe The Orient International Banking Corporation G St Connava Center Marlet Riggs Ave U.S. Treasury American Express Co Foreign Exchange Traders National Bank District of Columbia Swartzell, Rheem & Hensey Co Warner Building Public Stock and Grain Co Bouth Fourth Street N. &H & Simpson Imimsuiace Nevada Stuart Ellis & CO Maryland H ST. N. W Metropolitan Stock and Grain Co. Tows Dropolitan Bank Bidz Sorvink, It Qvekest Tiet Ety Charles ‘F Havenner Lewis & CO Potts & CO Stment Securitiee Cerhee aMeenmeiens Q Smith Eves, Tered Lee D Latime Chase F. H. Smith Co N.Y. Ave Masonic Temple Masonic Temple Association Union Trust Co Heisekell & Mwleran ST. NW Main Co-operative Building Association Equitable Building N. W John Joy Edson Frank P.reeside Nevada Investment Company Rizaba Syndicate Andy Hampel Reno Nevys Washington-Nevada Investment Co Fredonia Hotel Fioor _M St Walter A. Brown 14Th Street Royal Exchange Annuyance Co Tunlebo Nanete Srick Ralph W. Lee Chesley & Spence Omecs Colorado G. S Langdon Commission Pleeia cMcey A R. Wi. Weaver Pussbure So Broad Phiras Jengax Grienold St Detroit
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