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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 16, 1907
Page
10
A year of turmoil shows signs of relief with quieter trade and restrained industrial activity. The report notes calmer financial markets, renewed grain purchases, and cautious employment of credit amid ongoing price adjustments and a slack demand tone across commerce and rail transport.
Market reports show mixed livestock activity with bulls cows and lambs in varied demand. Prices for cattle calves and mutton quoted with estimated totals and regional quotes reflecting market tension.
A volatile bankruptcy filing in Charlotte involves a California shoe company and creditors totaling about 1.10. The case centers on asset liquidation and secured indebtness near 9100. The California Legislature plans a special session beginning November 19 to address fiscal matters.
The Pennsylvania Railroad Company announced efforts to cut expenses and will put shop repairs on an eight hour basis starting Monday, November, due to a discouraging outlook for the coming months and a sharp rise in operating costs.
The directors of the Standard Oil Company have declared a quarterly dividend of 20 dollars on the capital stock for the current quarter. The dividend will be payable on November 26, earlier than the usual December 15 date, due to current financial conditions.
Currency of the era shows a rush to invest as funds move from safety deposits into securities. Reports indicate a record surge in new stockholders for New York Central and other rail and industrial firms, with many purchases paid in cash and driven by women investors entering the market at low prices. The Pennsylvania and Southern Railway groups, among others, report thousands of new shareholders, with book closings and rapid increases in ownership across multiple lines. Brokerages note widespread mail orders and a strong, cash-driven demand across the country.
Luncheon served at Dutch dining room tables followed by an instrumental and vocal program. The auxiliary continues the luncheon bazaar. Mrs Appleton P Clark Jr and Mrs George M Sternbers lead as first and second vice presidents. Mrs J W Parker treasurer. Mrs A J Lacy correspondending secretary. Mr Archibald James Kengin and wife returned from their wedding trip at Misalydipp. Mrs Woof Cox of Cordova retires and will be home today. WM Worgan Jones and Mrs Morran Jones return to Rhode Island Avenue after a year abroad in England Wales and the continent.
Rumors suggest plans for gold shipments to New York tied to J Pierpont Morgan and the Bank of France, with figures rumored between 5 20 000 000 and 40 000 000. The reports claim US tariff talks touch gold relief, while Secretary Root denies government involvement or plans for a stated loan.
Sharp moves in the New York money market as currency premiums fall and new gold engagements surge the Movement total to 34 million dollars. Currency demand remained brisk in morning trading but slackened midday with rates near two to two and a quarter percent. Subtreasury transfers of 1 406.40 went to banks in several cities including Philadelphia and St Louis amid broader assurances the premium may end next week.
A Vanderbilt entourage led by Miss Gladys Vanderbilt and Count Laszio Szecheny arrived in New York aboard the Plymouth from Newport. The party sought no remarks on the forthcoming marriage. The group brought a hundred trunks a white spaniel and multiple maids. An incident with the ship’s dockmaster over the dog caused delay before the spaniel was moved to a state room. The wedding date remains unconfirmed and is likely affected by the death of Charles T Barney a Vanderbilt relative by marriage.
In New York two high society women Mrs William E Wilmerding and Mrs Mary Hutton Pall head rival social requirement bureaus. Both once moved in wealthiest circles and offered household and domestic services. A dispute arose when Mrs Pall opened in the same building as Mrs Wilmerding causing customer confusion and mistaken connections with the Wilmerding bureau.
Mrs. Geo Willis of Albany Oregon claims Dr Miles New Heart Cure cured her organic heart trouble after severe breathlessness and debilitating coughs. She started with five bottles and reports ongoing improvement, saying she did not die. The advertisement credits Miles Medical Co of Elkhart Indiana and urges readers to try the remedy.
A long discourse on competing businesses in the social world includes complaints about imitation in the durance trade and remarks from prominent society women. Mrs Wilmerding faces critique as another debutantes fashion and gowns dominate society news with details on The Breakers, Vanderbilt weddings, and dress trends.
Princess Louisa of Belgium offered creditors 40000 to prevent sale of jewels and personal effects of her mother Queen Henrietta. They refused the offer. The sale is fixed for November.
A Detroit report describes a bogus relic scam involving a copper engraved Noah s diary. Promoters claimed antiquity and bribed officials to gain credence. The fraud centered on copper artifacts painted to resemble verdigris and buried to be dug up by treasure seekers.
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