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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 14, 1909
Page
2
The market closed largely as experts expected with downward price pressure from profit taking by sophisticated traders. Western Union and Reading shares advanced while Allied industrials showed mixed strength as speculation faded and concerns about Pacific Company leadership emerged.
Special to The Washington Feat from New York on Sept 11 notes a slight market decline with Amalgamated Copper weak yet holding firm amid a weak copper demand outlook. It analyzes stock ownership shifts since Mr Rogers’ era, mixed reactions in copper and iron steel sectors, and reflections on London gold gains and UK budget tax debates affecting banking sentiment.
A jumble of financial entries and bidder notes from the Washington Rock Exchange shows bids and prices for various securities and commodities. Partial figures include multiple lot listings, times, and prices, suggesting a chaotic trading floor in session.
The Washington market list shows prices and goods across categories like fruits vegetables and poultry. It details items such as apples oranges grapes and potatoes with varied prices and pack sizes, reflecting a bustling wholesale market in the region.
Market notes show cattle with demand for Belter grades and varied hog, calf, and cow prices. New York and London quotes move inconsistently with copper, tin and other commodities following different shifts. receipts and pricing reflect a unsettled trade across regions. Local markets show no sales reported, while futures and export markets indicate cautious movement.
The article lists stock market quotes with prices such as 1 ales for the dar and $49.00. It notes the quotations are provided by W. B Hibba & Co bankers and brokers, Tibbs Building, members of the New York Stock Exchange, Chicago Board of Trade, and Washington Stock Exchange.
The Federal Trust Company and the Mechanics Trust Company were consolidated today. The new entity will be known as the Federal Trust Company. Both firms reported capital and surplus around $1,000,000 and $400,000 in undivided profits and deposits.
Pittsburg Sept 12 reports reveal H C Frick aligning with Mellon banking and business interests to form a massive steel combine. Firms named include Butler Pa based standards and other steel and foundry companies in Butler Mundet on and Lackawanna NY, with talks of adding Baltimore foundry to the group. Virginia campaign notes include Republican W P Kent’s first gubernatorial speech at Woodstock pledging reform and better roads while criticizing Democrats.
Pittsburgh based Standard Steel Car Company negotiates with the South Baltimore Steel Car and Foundry Company creditors to buy the Curtis Bay Dialdigs plant. If finalized, the buyer plans enlarged operations sustaining Baltimore's major industry and skilled labor employer. Foreclosure routed assets to satisfy creditors totaling 2.5 million dollars.
Chicago and New York report federal railway earnings and expenses for 1909 and 1918, showing gross earnings of 2,487,335,802 dollars and 2,414,60,587 dollars respectively, with operating costs around 1,119,977,768 and 1,695,10,878, plus taxes and net operating income figures. The data, drawn from Interstate Commerce Commission monthly reports, notes mileage changes and a sizable rise in net income by 1918.
Special to The Washington Post Mobile Alabama reports a campaign to enforce the Fuller prohibition law. Raids on two Alabama breweries and several hotels yielded liquor seizures valued at about 5000 dollars in blind tigers. A tugboat loaded with five barrels of beer and a steamboat carrying four barrels were chased by deputies, driven out beyond the five mile limit into the Gulf of Mexico.
The comptroller of the currency yesterday approved a petition by Thomas Keen Joshua P Hatner E Rogers William Parker Daniel Loge J Johnston Clarke Loge Warr Ernest Leith W Brooks J Hoge George Layrock L Hernidon J W Charablin citizens of Loudoun to establish a national bank at Hamilton Loudoun VA. They have secured a bank building and will likely open within two weeks with fixed capital stock of 00 dollars. The petitioners were presented to the comptroller by Representative Carlin.
STNA OFF FOR PHILADELPHIA. The Mallan training cruiser Etna sailed today for Philadelphia where she will stay about a week before going to Bridgeport Connecticut and returning for the Hudson Fulton celebration in New York. Many officers and midshipmen visited the Norfolk navy yard and naval training station. Capt Bagelo, her commander, visited Fort Monroe the Hampton Normal School and the Newport News shipyard.
Spencer West Virginia September 13 William Jonnett of Spencer was instantly killed last night when an explosive solution he used for developing photographs detonated. One arm was torn from his body and his head was pierced with glass in the gruesome accident. Bennett was attempting to perfect a new process for developing photographs.
Walter H. Fi!, aged years, of 174% Seventh Street, northwest, walked to Emergency Hospital last evening after fracturing his right slide in a fall down an embankment near the Highway Bridge. He requested medical treatment and informed staff the injury occurred during the accident.
Bernard Fentress a 41 year old laborer fell three stories from a slanting moat scaffold at Eighteenth and Lamont streets northwest. He rose, brushed dust off, returned to work, but was taken to Garfield Hospital for checks after nurses worried about internal injuries. Earlier at Senate annex a 22 year old Regent Pomphrey toppled from an 11 foot scaffold, suffered minor injuries, and was treated at Casualty Hospital before returning home.
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