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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 14, 1907
Page
29
The market viewed Amalgamated Copper’s cutback as a favorable factor amid a generally weak stock scene. Traders noted easier call money, steady demand for securities despite a depressed outlook, and ongoing shifts in copper shares reflecting cautious optimism for profits.
New York markets show varied activity amid mixed prices across sectors. The report cites stock movements in major exchanges, including references to Jersey, Western and Pacific regions, with mentions of Vals Pacts and Lake Erie area trade impacts.
Closing quotations from the Washington Stock Exchange show listed bonds and preferred stocks with bids and asks. Names include Washington Railway and Electric, Capital Traction, and street rail lines with prices and percentages in late 19th century market activity.
New York reports mixed agricultural trading with steady to strong flour and butter notes, while grain prices fluctuated. Wheat and corn futures show weakness in North American trading as weather and cash market activity influence prices. receipts and exports noted, with details on domestic elevator activity and stock expectations.
WELBORN denies resignation as New York Cotton and Colorado Fuel and Iron Company head remains president. The report notes nervous trading, price swings, and widespread market activity including raw materials, bonds, and international markets, with closing prices and weekly summaries across several exchanges.
Market report records mixed movement across commodities with dairy butter and meat prices rising, while poultry and cattle quotes show varied shifts. Key items include butter at higher levels, per pound dairy quotes, beef and pork prices, poultry figures, and fresh fruit and vegetable notes across ports and markets for the day.
The metal market showed a wary tone with London tin futures weak and copper sliding. Copper and tin quotes moved lower while lead, zinc, and nickel faded, and London prices drifted with a generally soft week amid unsettled trading.
Treasury report details weak notes received yesterday and tax receipts from federal revenue. It lists balances in general fund, exclusions, and trust funds, with mentions of coin, bonds, and redemption activity. Includes figures for balances and outlays, and notes on national bank assets and pending settlements.
Baltimore markets show steady grain activity with no major price shifts. Reports list No 2 red winter wheat, various white and durum grades, and export figures around 28 to 40 bushels per share, noting unchanged conditions and steady receipts.
Wall Street notes in September 1904 discuss Anaconda Mining Company dividend reductions, Amalgamated Copper exposure, and weak copper demand vs steel trade conditions. Analysts compare copper to steel, noting money stringency, capital needs, and potential implications for Amalgamated dividends. Reading and traction stocks are analyzed with market reactions to funding, mergers, and bond issues affecting utility stocks and city bonds.
Local traders report mixed activity as Metropolitan and Potomac interests show bidding for several issues. Washington Railway and Electric preferred drops to 134 while Greene Cananea and Mitchel shares hold Thursday levels amid modest demand. The day closes with a calm session, as brokers align with standard U S Trust Company listings and a minor revival in exploration ties to Mitchell.
Bradstreet's reports improved conditions in Southern collections and dry goods demand as cotton begins to move in good volume. In contrast, copper prices fall amid overproduction talk while production declines press furnaces in Pittsburgh and valleys. News notes rising grain shipments, stronger Western markets, and slower East collections with 1969 export comparisons cited.
Amalgamated Copper Company will not close its Butte mines despite market glut. Superintendent John Gils says Sunday work will be paused but no broad shutdown or cutbacks beyond Sundays. Production remains around 890000 pounds monthly, with recent output hovering near 5000990 pounds per month.
The New York live stock market figures show receipts totaling 4748 with varied results across categories. Cattle and calves sold at mixed levels with steers around 406 to 470, hogs at 7300 receipts with steady tone, and sheep and lambs showing steady to higher, while Western cattle and calves remained in the slower, uneven range.
Fragmented market chatter shows hogs around ten thousand dollars for Uphl hogs while feeders near five hundred and mixed cattle orders. Buyers seek steady to firm prices on lighter weights with some reports of packing costs around 670 and 51064 cited. dairy and sheep values appear weaker amid uncertain demand.
In Boeton on Sept 12 the copper market shows volatility as traders seek lower prices. Reports claim copper may drift toward 42 18 per pound with tentative deals around 27 to buy to meet immediate needs. Market may stay unsettled, with Amalgamated and others noting varied quotes and potential larger demand ahead.
A dense legal record from the District of Columbia court lists motions, orders, and probate actions. It names numerous attorneys and firms, cases such as Relabere v Relabere and Brands, and references criminal court proceedings, probate and bankruptcy filings, and notices of administration. The document catalogs docket numbers, party names, and legal staff involved across multiple divisions, with procedural actions including motions to dior overrulads, probate petitions, and equity suits.
A set of real estate transfers shows parcels along Twenty Second Street Northwest and adjacent avenues in a transcribed list. Transactions include properties along Elventh Street Southeast and Pennsylvania Avenue Roosterast with figures like 52000 and multiple named grantees and grantors, including Woodley Park area exchanges and other local parcels.
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