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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Oct 03, 1907
Page
9
The market shows torpor with weak trading and scattered declines. Stronger pockets emerge in Brooklyn Rapid Transit amid rumors of a favorable annual report. call money rises as rates firm and railroad earnings news influence sentiment.
Fragmentary OCR text shows closing prices and mentions American Telephone and Telegraph, Woolen goods, and various place names. The readable portion lacks coherent events, but indicates a stock or commodity listing with references to firms and cities.
The report describes sharp stock movements driven by operators in Brooklyn and St Paul lines, noting large new stockholders in Chicago Milwaukee and St Paul and Western Union tensions. It cites rising call money rates, unsettled real estate finance, and rumors of Union Pacific under par within ninety days amid mixed market signals.
New York stock exchanges note activity received by WB Hibbs and Co bankers and the New York Stock Exchange and Chicago Board of Trade report on market movement for Wednesday October 2.
The New York bond market shows varied curb quotations and listings across numerous issuers and sectors. Trading notes reference government bonds, industry securities, and regional issues with rates and convertible features noted among major underwriters and exchanges.
The quarterly estimate lists the value of silver and gold assets, bank balances, and general fund reserves. It notes fluctuations in coin price and treasury receipts, with specific figures for silver ounce prices and various market indicators.
Attendance and gallery interest on the Washington Stock Exchange overshadowed gains in the day as bonds showed strong demand and traders sought up to 3000 dollars in deals. Metropolitan and Washington Railway Electric moved on options with diverse offerings, while Bell Telephone Company of Philadelphia set a December 3 meeting to approve acquiring Pennsylvania Telephone and Atlantic Telegraph holdings and renaming to Bell Telephone Company of Pennsylvania with capital increases and board expansion. United States Trust and Union Trust stock movements followed, with Graphaphons preferred rising on a 20 share sale and dividends outlook noted.
A dense report lists government bonds, railroad bonds, utility stocks, mining shares, and miscellaneous issues traded on the Washington Stock Exchange. It details prices, bids, and notable issuers such as capital traction, Metropolitan Railway, Washington Gas, and United States Trust, with various mortgage and revenue bonds noted. It also mentions utility and banking stock listings and several commodity prices and market quotes.
Market text documents varied commodity prices and receipts across grains and meats. It lists corn, oats, wheat, potatoes, barley, and sugar with bids, futures, and futures activity, noting overall strength in prices and steady demand with slight gains in certain items.
Grain market summary from Chicago and Duluth notes lower prices in oats corn and wheat with December and January deliveries observed. Market activity shows mixed receipts and demand alongside weather impact and exchange fluctuations.
New York cotton prices drifted lower as bears dominated trading. December dipped to 39.50, while other months closed near session lows, with traders citing weak demand and broad market weakness.
Washington Produce Market coverage notes sharp price shifts across dairy meats and produce. Butter quality fair with receipts. New York prices rising. Western and Virginia dairy products show mixed demand. live poultry and dressed meats list varied rates. regional oats and corn futures cited with moderate activity amid market tensions. Local sellers in Wilmington and nearby regions report fluctuations in wholesale quotes and availability.
The Louisville and Nashville Railroad held its annual stockholders meeting and re-elected the existing board of directors. Reports showed gross earnings of $44, but details indicate improved equipment and other yearend progress under President J. H. Smith.
The Census Bureau released a cotton report noting telegraph delivery failures hindered a complete tally through September 25. It lists bales ginned to that date and compares active ginneries and totals with the prior year, alongside a table of September 30 figures and ten year averages.
The New Haven Connect reports a rise in passenger receipts under a 2 cent fare, with the annual fin cal ven ending June 30 showing gross earnings of 6010S versus 62 881822 prior year. Operating expenses fell to 85222806, net earnings from operations rose to AT THT, and the year’s surplus after dividends fell compared with last year. President Mellen cites Boston and Maine merger tensions and notes the low fare spurred the gain despite expected losses elsewhere.
Stockholders of the Canadian Pacific Railway Company meet in Montreal to issue 4 percent preferred stock for road add ons and extensions. Two steamships to be built or acquired for Pacific or Atlantic service, and two for lake service. Wil lVan Home reelected chairman of the board. Sir Thomas G Shaughnessy as president. Feathers Angus and L J Forget reelected directors. Empress of Britain and Empress of Ireland to be transferred to Pacific service. Annual report shows revenue gain but higher working expenses.
In New York Oct 2 directors of the Chicago and Alton Railroad met to appoint eight new members to represent the Toledo St Louis and Western Railway known as the Clover Leaf after its purchase of the Chicago and Alton. Elected were Edwin Hayley Gen Thomas H Hubbard Theodore P Shoat George H E Rosa Joy Morton H Davis William G Beale and H Huntington. Apex Island directors who previously sat on the Chicago and Alton board resigned in favor of new interests. Harbert Mean Felton of Chicago and D F Mitchell of Chicago remained from the old board to form part of the new directorate.
A chaotic OCR fragment shows livestock market chatter with prices and items such as calves and guns, mentioning Ken Vathoe and various place names and figures. The text is fragmentary with misread words and scattered numbers, yielding little coherent market data or names.
The report notes a severe break in the London tin market with prices at 1156 105 and related futures. Locally, cattle and copper show mixed movement with weak tendencies and price adjustments amid unsettled trading.
The United States Steel Corporation buys the National Steel and Wire Corporation of New Haven. The deal involves receivers and is valued around $6.0 million. The National Steel and Wire operation had faced financial difficulties in recent months.
Cleveland Oct 2 The Iron Trade Review reports a dull period ahead as raw trade adjusts with no panic. Buying by some interests remains evident while others may retreat as tonnage to haul steel products falls. Large orders for steel bridges expected after rail appraisals. exports show improvement.
Joseph M Wheatley sues District Commissioners and Disbursing Officer Charles C Rogers to prevent payment to North Penn Iron Company for Connecticut avenue bridge orders. Wheatley claims a lien and authority to oversee company affairs after a power of attorney dated October 4. Court set show cause for Friday October. September coinage at the U S Mint totaled 6,904 08 dollars with gold 39 082 silver 1342 921 minor coin 3120008, excluding 1 658 000 Philip Pine government pieces.
The article describes daily steamer services from Seventh Street wharf to Georgetown and Washington, offering tours on the Potomac and Chesapeake. It highlights trips to Mount Vernon, York and Henrico areas, meals served aboard, quick one hour trips, and popular routes aboard vessels like the Eleanor and Castle Macater.
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