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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 26, 1907
Page
9
The market remained weak as liquidation renewed across many issues, with declines driven by short interest activity in inactive issues such as New York Airbrake Steam Pump and Western Union. Traders watched prices slip while discussions and notes on financial instruments and clearinghouse certificates appeared amid a broad market backdrop.
A fragmented note on the New York bond market shows light turnover and uneven demand as investors weigh interest rate signals. Trading desks report cautious sentiment with mixed yields across government and corporate issues amid a holiday week.
Confusion among traders centered on government notes after a rumored $100,000,000 issue. Market weakness followed partial forecasts of Roosevelt’s Congress message and Harriman influences sparked speculation about Missouri Pacific and Great Northern stock. later a 30 million dollar equipment trust note financing was announced, easing some fears and signaling a solid demand for the security.
New York stock market report for November 1 1907 notes receipts and balances, reserve fund, outstanding issues, and commodity movements. Mentions Treasury relations, gold, money on call, and domestic market tone with quotes for wheat, oats, provisions, and metals. Includes references to London and global pricing, with brief local market sentiment notes and a generic ad.
The Columbia Fire Insurance Company trustees recommend discontinuing business due to unsettled and uncertain insurance markets in the Dietrictt district. A provisional contract with Royal Insurance Company Limited of Liverpool England enables reinsurance of all risks, with dissolution procedures in the Supreme Court to distribute assets among stockholders. The meeting of stockholders will decide the action by majority in amount.
Quotations from Washington produce market show price ranges for butter cheese poultry and meat with mixed signals. Prices for dairy and fresh meats varied around steady to higher levels while fruits and vegetables displayed slow movement and occasional gains across listed regions and items.
A garbled market listing from New York shows varied commodity values including eggs, bread, fats, and oils. Prices reflect mixed demand across dairy, grain, and meat items with notes on receipts, origins, and wholesale terms.
New York grain reports show 25 wheat receipts at 406 bushels exported and 60,000 bushels of corn exports. Prices closed mixed with wheat around 1.07 to 1.08 per unit and corn futures steady to lower amid irregular early week activity and weather effects.
Chicago grain reports show wheat futures higher on December and May delivery as traders note mixed signals in cash markets. Corn weak early but broad grain trends point to cautious optimism with gains in wheat outweighing corn losses. livestock markets steady with higher beef and cattle receipts noted.
A New York Central and Harlem Vanderbilt lines equipment trust deal with Guaranty Trust Co of New York covering about 30 million dollars in engines passenger and freight cars. Certificates bearing interest will mature beginning 1998 with initial issue near 39.7 million dollars. The issue reportedly sold to a major Wall Street banking house amid market chatter.
Arrangements under way to give George Westinghouse an extension on his personal notes totaling several million dollars. Note holders in Boston, Philadelphia, New York and Pittsburgh are asked to extend one third of face value for one year, one third for two years, and the remainder for three years. Holders receive pro rata interest in secured securities held by trustees for Westinghouse and creditors, with dividends on Westinghouse Air Brake Company stock applied to interest and accrued payments before reducing principal.
Incomplete OCR fragment reports cattle market terms and assorted price figures for calves and milk cows. References include termlike phrases such as prime, common, cet, and various numeric values, but many words are garbled and unclear.
In Chicago, a proxy battle between Stuyvesant Fish and Edward Harriman over 287 percent shares of Union Central Railroad stock played out in Judge Ball's court. Henry W. Lehman for Fish moved to dissolve an injunction restraining Harriman from voting 23H shares held by Mutual Life Insurance. Judge Ball granted the motion despite objections. The dispute hinges on whether Mutual Life can own and vote the stock, a point Fish previously attacked while heading the Minos Central Railroad, with the injunction dissolved and the path set for further action on remaining issues.
The Baltimore and Ohio Railroad terminal agent J F Legge died at his home on 12 B Street North East Sunday evening. His funeral will be at 8 o clock at home with Rev I M Schick officiating. The body will be sent by train to Shepherdstown WV for interment at Rimwood Cemetery. Survived by four wives and eight children, including John Allen, Frederick Hughes Withrow and Kenneth, plus four more children. Legge had worked 37 years with the railroad, starting as a train Jeratcher at Parkersburg, WV, later becoming farmil agent. His parents moved from Frostburg Md to the U.S. when he was three. He served as a musician in the Union Army. He is described as a long-time railroad employee.
Witness Frendel Minne testified in the tax receipt fraud case tied to State Senator Elliot Bergera. Judge Patton fined Minne for failing to appear, warning of more stringent action as witnesses disappear in criminal cases. Trials for Samuel Grenet Allegheny Department of Public Safety director and councilmen Amogel and Valliant Lamb were postponed two weeks.
The fragment suggests a claim that doctors approve a cure for sick hair and imply Ayer’s product as the beat treatment. It references baldness and critiques of misused remedies, framed as a promotional line for Ayer’s hair treatment. The readable text is inconsistent but centers on hair health and product endorsement.
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