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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Apr 12, 1910
Page
9
Market sources report weaker sterling exchange and tighter quotations as shipments from Bhat and Gata are conjectured to be smaller. A 2a apprehension and higher closing quotes appear in nearly four instances, signaling cautious trading activity.
Wall Street gossip centers on York, April nine out, with speculation that the court will rule evenly on total merger plans involving Standard Oil and American Tobacco. Traders expect possible delays while awaiting Supreme Court action, and initial market reactions show gains in Am Tobacco, Union Pacific, and Reading after Washington hints.
Local stocks failed to improve as Sunday figures lagged Saturday. Most trades occurred between brokers to set prices for the week with only two sales of Washington Railway and Electric stock and a mixed session for American Security and Trust Company shares. The market showed strength, with holders seeking higher prices, while overall earnings reports spanned March and the nine month period, alongside railroad and farming cooperation notes from the era.
The New York market shows copper closing weak with spot 12.651 to 12.843 and May at 12.56 12.80. Copper futures oscillate as 25 tons were sold in April and demand remains soft. London prices and tendon market show partial recovery while weather and export activity influence grains. Wheat and corn trading declines follow heavy sailing and uncertain forecasts. receipts and ship tonnage evolve amid a quiet spot for meat and dairy markets.
The New York market shows money on call around 3 4 percent with steady to firmer tone in government and railroad securities. Cotton prices drift lower on weather delays in Texas and mild export demand, while nearby wheat and corn futures edge lower amid rains. vegetables and dairy items list modest price ranges in the wholesale market.
Washington market notes almost no cattle being shipped from nearby areas. Market activity is weak on local arrivals, while Western shipments supply the market. Prices and demand remain cautious as cattle supply appears limited.
Boston court hears a claim that a 19 year old girl is Baldwin's rightful heir. Turnbull canal and related estates are referenced while a potential share of 39 million dollars is noted. The case involves Ashley of Winchester and other linked parties in a multi state context.
Frank Ns president of the Pressed Steel Car Company faces bribery indictments over a 32600 fund intended to influence council goals for bank favors. Hodger, attorney for Ns, returned from New York with a letter to District Attorney Blakeley opposing Hoffstat’s extradition. The letter questions grand jury validity and seeks quashing indictments, while hotel records show bribe payments to Charles Blewart with signatures pending verification.
Azenath Cooper, 12, was abducted by her uncle W. H. Sperry. The Washington Post reports a wide search spanning four states and three cities. Clergymen Campbell and Stockwell joined the parents in urging authorities, with Stockwell heading to New Jersey and Pennsylvania and Campbell to Connecticut as investigators pursue leads.
A dense postwar style inventory lists assorted New York produce items with prices and receipts. It includes creamery products, butter, eggs, poultry, beef, coffee, sugar, and wholesale quantities, alongside regional references to Western and Southern storage, and various market terms. Names of foods and commodities appear with vague quantities and values, reflecting a broad market rundown.
April 11 reports show varied cattle hogs calves and sheep receipts with prices and trends across New York and Baltimore. Markets overall softer for cattle and mixed for hogs while sheep and lambs remained steady amid fluctuating bids and weekly totals.
Market briefs from Baltimore show Wheat quotations and on grade logs with notices of changes in prices. Officials report trade activity and possible adjustments in futures, while local buyers seek steady demand for domestic commodities.
The Postmaster General reports that reform measures cut postal expenditures enough to wipe out the deficit and fund a possible 21 cent postage. Quarterly auditor returns show a profit for the December quarter, with prospects of a near zero or small deficit for the year as reorganizations continue.
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