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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 14, 1909
Page
25
A period of downward pressure and recurring strength marks a unsettled session. American Telephone and Telegraph Western Union and Reading led gains while speculative moves and profit taking weighed on others. Directors changes at Pacific and Union Banking trigger attention amid broader industry shifts.
Special to The Washington Feat New York Sept 11. Early decline left markets mixed with Amalgamated Copper weak while others held firm amid a world copper surplus and weak copper monthly reports. Iron and steel shares rally on hopeful demand, gold rises in London as possible Lords budget clash stirs speculation.
Fragmented OCR reads show turmoil in a Washington market scene with figures and firms listed, including names like Dhovas L. Hume, Washington Rock Exchange, and various price points. The text resembles a broker’s ledger or ad style page with random numbers and times, suggesting a damaged financial column.
A garbled Washington market text lists Virginia to North Carolina produce, with mixed quality notes on items such as poultry, dairy, meats, and fruit. It mentions prices for apples, oranges, grapes, and vegetables, alongside scattered quantities and packaging terms, reflecting a busy wholesale scene with fluctuating demand.
Market notes show cattle demand for Belter grades and varied hog prices, with New York and London markets reported mixed and futures movements quiet. Local trade limited, copper and other metals prices steady to softer, while sheep and calves supply trends were noted across regional reports.
The notes show stock quotations for the day as listed by W. B Hibba & Co bankers and brokers. The firm, identified as members of the New York Stock Exchange Chicago Board of Trade and Washington Stock Exchange, provides the foregoing figures and names Thorp revered in their market listings.
The Federal Trust Company and the Mechanics Trust Company merged today in Boston. The new entity will be known as the Federal Trust Company, with combined capital and surplus figures cited, including $1,000,000 in capital and $400,000 in undivided profits, and a notable deposit figure referenced.
Pittsburg reports a vast steel alliance forming under H C Frick and the Mellon interests, including the Butler, Pa based Standhard Steel Car and Forded Steel Wheel companies, with plans to merge ore beds to finished products and negotiations with Baltimore’s Brenjana Foundry. Virginia campaign updates follow with Republican leader W P Kent's Woodstock speech challenging Democratic policies on pensions schools taxes and office distribution, plus local candidate notes from Bland and Stafford counties.
Pittsburgh based Standard Steel Car Company is negotiating with the creditors committee of the South Baltimore Steel Car and Foundry Company for the Curtis Bay Dialing plant purchase. If closed, the buyer plans enlarged operations, preserving one of Baltimore’s major skilled labor employers amid a foreclosure that left creditors with claims totaling 2.5 million dollars.
Chicago reports the U S railroad year ended June 2 1909 total gross earnings 2 487 335 802 with operating expenses 1 811 997 768 taxes 80 961 147 and net operating income 745 195 000. other items show 1918 figures, mileage averages, and large shifts in earnings. Poultry and dairy markets list steady to firm prices for various goods including chickens butter cheese and creamery products across states. Wheat corn oats and beans move with supply receipts and market fluctuations in New York Chicago and Northwest markets.
Special to The Washington Post reports Mobile Alabama enforcing the Fuller prohibition law with raids on two breweries and several hotels. A tug laden with contraband liquor fled pursuers while a sea chase by deputy sheriffs ended beyond the five mile Gulf limit. Seizures totaled thousands in liquor value as “blind tigers” were raided and stocks moved to Pensacola.
The United States Comptroller yesterday approved the application of Thomas Keen Joshua P Hatener E Rogers William Parker Daniel J Loge J Johnston Clarke Loge W C arr Ernest Leith W Brooks J Hoge George W Layrock M L Herni don and J W Charablin citizens of Loudoun to establish a national bank at Hamilton Loudoun County Virginia. They have secured a bank building and plan to open within about two weeks. The capital stock is fixed at 0000. The petitioners met the comptroller with Representative Carlin presenting them.
STNA off for Philadelphia. The Mallan training cruiser Etna sailed today for Philadelphia where she will stay about a week. From there she will go to Bridgeport Connecticut returning for the Hudson Fulton celebration in New York. Many officers and midshipmen visited the Norfolk navy yard and naval training station. Captain Bagelo, her commander, also visited Fort Monroe, the Hampton Normal School, and the Newport News shipyard.
Spencer West Virginia Sept 13 William Jonnett was instantly killed last night by an explosion of a developing solution. One arm was torn away and his head punctured with glass. Bennett was attempting to perfect a new process for developing photographs.
Bernard Fentress a mer 1 years old of 8 New York avenue northwest fell three stories to the ground while on a new dwelling at Eighteenth and Lamont streets northwest. He rose, brushed dust from his clothes, and returned to work after bruises were treated. Pair-day report notes he was taken to Garfield Hospital but returned to the roof.
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