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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Sep 14, 1909
Page
33
The New York market shows a tempered profit-taking trend as professional traders push most shares, with notable advances in American Telephone and Telegraph Western Union and Reading. Speculators trimmed holdings, while Pacific interests and Union Bank moves loom, and several rails show mixed signals amid overall weakness.
Special to The Washington Feat New York Sept 11 Market dips show copper demand lagging production as Amalgamated Copper weakens amid pundit talk of copper consumption world wide and profits for traders. Stocks swing with rail and steel plays, gold rises in London, and British budget taxes draw Royal Lords debate.
The Washington rock Exchange member Dhovas L. Hume is cited amidst a garbled market listing. Names and figures appear with bids and prices for various securities and commodities, though the OCR text is heavily unclear.
Fragmented OCR lists commodities from Washington market including Virginia to North Carolina regions, with prices for dressed poultry, eggs, beef, dairy, fruits, vegetables, and canned goods. Entries mix grades, weights, and per pound or per unit rates, reflecting a volatile wholesale listing.
Old data from Washington cattle market shows demand for Belter grades and varied cattle prices across categories including prime cows and calves. New York and London markets are noted with lower levels for hogs copper and other metals. overall figures reflect a quiet trading environment with limited local sales.
The New York stock market quotations are provided by W B Hibba and Co bankers and brokers. They are members of the New York Stock Exchange Chicago Board of Trade and Washington Stock Exchange.
The Federal Trust Company and the Mechanics Trust Company merged today in Boston. The new entity will operate as Federal Trust Company with combined capital surplus and undivided profits totaling $400,000. Each firm contributed deposit and capital figures, marking a notable consolidation in the local banking scene.
Pittsburg reports a massive steel combine forming under H C Frick and Mellon interests. The plan links ore beds to finished products with mills and foundries in Butler Butler Pa Mundeton Pa and New York. Additional talks with Baltimore on a South Baltimore foundry to join the group were announced. Separate Virginia campaign notes include Republican W P Kent’s Woodstock speech criticizing Democratic excess promising better roads pensions and tax reforms while attacking Judge Mann.
Pittsburg based Standard Steel Car Company negotiates with the creditors' committee of South Baltimore Steel Car and Foundry Company for the Curtis Bay plant. If closed, the new owner would enlarge operations. the plant is a major Baltimore employer. Foreclosure had left creditors claiming about 2.5 million dollars.
Chicago dispatch reports total U S railroad gross earnings for the year ended June 2, 1909 at 2,487,335,802 with operating expenses 1,111,997,768 and net income 1,375,338,034. It notes 1918 figures show gross 2,414,60,587 and net income 49,678,243 amid mileage changes and tax data.
Special to The Washington Post from Mobile reports a crackdown under the Fuller prohibition law. Authorities raid two breweries and several hotels with seizures of liquor from blind tigers and a large stash valued around $10,000. A tug laden with contraband liquor raced by deputies as a boat chase pushed the seizure into the Gulf of Mexico.
The comptroller of the currency yesterday granted the application of Thomas Keen Joshua Hatener E Rogers William Parker Daniel Loge J Johnston Clarke Loge W Carr Ernest Leith W Brooks J Hoge George Layrock M Herni don J W Charablin citizens of Loudoun County for a national bank at Hamilton Loudoun County VA. The incorporators have a bank building and will complete legal arrangements and likely open within two weeks. Capital stock fixed at 000. The petitioners visited the comptroller’s office and were presented by Representative Carlin.
Italian Middes Leave Norfolk after visiting the Norfolk navy yard and naval training station. The Etna will remain in Philadelphia about a week then proceed to Bridgeport, Conn, before returning for the Hudson Fulton celebration in New York. Officers and midshipmen toured local naval sites. Capt Bagelo visited Fort Monroe, the Hampton Normal School, and Newport News shipyard.
Spencer West Virginia Sept 13 William Jonnett of this place was instantly killed last night by an explosion of a solution he was using for developing photographs One arm was torn from his body and he was otherwise mutilated his head being punctured with glass Bennett was seeking to perfect a new process for developing photographs.
Walter H. Fi, age 55, of 174% Seventh Street Northwest, fractured his right ankle after a fall from an embankment by the highway bridge. He walked to Emergency Hospital last evening seeking treatment, reporting the accident occurred at about o'clock and that he fell while descending the embankment near the bridge.
Bernard Fentress a 41 year old New York Avenue worker slipped from a three story ladder at a new dwelling on Eighteenth and Lamont streets and suffered bruises but walked away. At Garfield Hospital doctors treated minor injuries and he returned to work. Regent R Pomphrey a 22 year old toppled from an 11 foot scaffold in the Senate annex suffering minor head arm and body injuries and was treated at Casualty Hospital before returning home.
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