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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 13, 1907
Page
29
Recession fears weigh on copper stocks as prices drop and general markets soften. Sterling steadies after sharp moves while optimism rises in forage markets. Amalgamated Copper and related issues face pressure. bond risks and trading activity quote a cautious stance.
Washington stock exchange notes show activity with calls and prices for several issues. Trading centered on electric utilities and rail outfits with modest gains and fluctuating bids. The report lists Washington Hatley and Electric at 39 bid and 47 offered with 100 shares, and details on Lanston and Greens-Canmmee listings among others, reflecting a mixed market in early September 1907.
The page aggregates bond quotations and market updates including government bonds, calves, and commodity figures. It lists traders, prices, and dates with references to Sept 1 and other market cues, featuring names such as Irving Farrington and Galdfeted Se and notes on bids, rates, and stock activity across multiple firms.
In New York money markets a range of rates and bond offerings are noted with mixed figures. Mentions of call money, bank rate levels, and various government and corporate instruments appear, alongside references to market conditions and demand for securities.
Quotations indicate supply and demand for vegetables meats and fruits across regions including Virginia West Virginia North Carolina and Maryland. Prices shown for various items indicate steady or mixed activity with some staples like potatoes beets and poultry cited and noted as active or not active in several markets.
New York produce notes show steady cash markets across cheese eggs poultry and fats with wheat soybeans and corn futures mixed. Prices for dairy cheese butter and lard hold firm while wheat and corn show volatility amid Canadian export demand and cooler Northwestern weather affecting futures and receipts in Duluth Chicago and Duluth markets.
The dated dispatch reports cotton and metal prices in London and New York with spot rates around 104 pounds for tin and copper prices near 63 to 108 pounds. It notes market readouts, minor fluctuations, and local trading activity including a Cleveland foundry quote and refinery notes.
A Philadelphia and New York stock market chatter piece notes bear pressure in the prior session, tempered by evidence of buying and a later rally for railroad stocks. It mentions Pennsylvania Railroad, Philadelphia Rapid Transit, Amalgamated Copper, American Smelting, and Reading, with reflections on rumor, margin calls, and government policy signals.
Costinatt representatives of the Continental estate announce the erection of a large notel near Union Station to boost improvements around the area. The building will be government preserved if triangle fencing is used, potentially altering the front entrance location on North Capital Street. The hotel will be preproof and up to date throughout.
A copper price deadlock between producers and buyers triggers a large oversupply. Amalgamated Copper Company plans Butte mine suspensions, risking about 5000 jobs. Stocks fall as shares drop to 39 35, with a national copper surplus estimated at 2 1900900 pounds. Banks reportedly wary of carrying copper, and wage readjustments loom if mining resumes.
Rumors about the Philadelphia Rapid Transit Company and Union Traction pressured the market on the Philadelphia exchange. Stocks closed lower with Union Traction at 40 14 and Philadelphia Rapid Transit 14 per share, while Provident Parson issued a firm statement denying insolvency and pledging funds to cover obligations and ongoing improvements.
A petition filed with the Interstate Commerce Commission by the New Orleans Lumber Exporters Association and the Nations Cumber Exporters Association alleges that Central Railroad and other railroads serving New Orleans discriminate against members by limiting storage on forest and cotton products to ten days for local bills of lading while allowing unlimited storage on through shipments. The groups seek action to end the storage discrimination and resolve the alleged serious disadvantage to New Orleans.
Elbert H. Gary, chairman of the United States Steel Corporation, denied plans to align with the Allies or join Jon Allis-Chalmers. He stated his services are devoted to U S Steel and that reports of a link to Chalmers are unfounded. He noted the company could benefit from more working capital and strengthened management.
A jumble of case references spans multiple courts with Justice Gould presiding. The text lists various attorneys, defendants, creditors, and docket numbers across equity, criminal, and bankruptcy matters. Names include George Lake, Alfred, Kernan, and Sylvester Bowie, with references to estates, letters of administration, and asset recoveries.
A long list of property transfers appears, detailing numerous parcels and owners. Names such as Lewin, Korman, Belle, Oohian, Macnenano, Heny, Lutver, Apple, Bell, Pickaordan, Lane, Bowe, Franklin, Sophie, Thome, Willam, James, Mary, Braden, and many others are shown alongside street segments like Southeast between Seventh and Eighth, North East, and Northwest corners. The fragments indicate a sequence of deeds with various square measurements and monetary values, reflecting a crowded real estate transfer record from multiple blocks and avenues.
Fragmented OCR reads of deeds and property transfers involving multiple parties including Bradley Davier, Lather & Priston, Theodore D Beal, Francis B Pur, Arapahoe company, and others. The text lists dates, locations, and stakes, with unclear names and amounts.
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