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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Apr 19, 1910
Page
9
Mixed trades marked by lower security prices as cautious sentiment gripped investors. Gold exports and copper producers faced pressure while U S Steel Common Shares showed heaviness. railway and cotton pool developments also influenced market tone with potential labor tensions and policy notes shaping near term moves.
In New York on April 18 stocks sagged from start to close as bonds and cotton fell and the wheat market slipped. Traders noted light volume and a broad decline across securities amid pressure from realized losses by speculators and a pivotal bank statement.
Officials of local banks study a plan by the Comptroller to extend cooperation between State and Federal authorities for bank charters. The move aims to curb promoters who switch between state and national systems to avoid objections. In February the Chesapeake and Ohio Railroad reported 44 624 tons of coke hauled, with Virginian Railway tonnage for the year rising. Work soon starts on a Baltimore and Ohio line extension from Lost Creek to Milford Va, affecting coal lands and potential tonnage.
A muddled banking dispute in Washington features Eward Mollohan and E Munford denying the reasons for resignations at National City Bank and Union Savings Bank. Letters allege bidding nuances for the Anacostia Bank branch and pending deposits, with talks about a potential new financial venture in Anacostia.
The New York April 1 stockholder meeting opened the Imici States Steel Corporation public inspection. Key holders J P Morgan Co, Shearson Hammill Co, and Por Margin & Co own large blocks while Frick, Dryden, Griscom, and Reid hold one share each in their own names. Directors were reelected and management expected to reshuffle. Market news noted steady bonds and a cautious wheat and copper complex as trading closed.
Wholesale price indications for fruits vegetables and poultry rough weekly snapshot lists Virginia Tennessee and West Virginia values. Notable items include chickens roosters and assorted poultry costs with per pound figures and factory packing notes.
Prices for turkeys per pound and various poultry items appear with dozens of unit quotes such as per Ib per 1, per crate, and per bushel for beans, lettuce, radishes, turnips, apples, oranges, grapefruits, pineapples, and tobacco. Washington cattle market reports indicate limited cattle shipments, Western supplies, and general market tone with hog and lamb figures and grading terms.
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