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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Apr 27, 1910
Page
15
Price movements on exchanges turned negative as grain futures fell sharply amid renewed selling and doubts over crop damage reports. Cotton futures weakened after frost fears. black sea exports and London demand noted. Market irregularities persisted as steel and other equities fluctuated, with dividend news from major firms contributing to temporary rebounds.
By a 16 to 52 vote the New York assembly refused to withdraw the Toombs resolution from the Ways and Means Committee seeking a submission to investigate the New York Stock and Consolidated exchanges and other exchanges in the state. The move effectively kills the measure.
A scrambled Washington market listing shows prices for hogs poultry dairy and produce. Items include nearby virginia pork outputs western eggs beef and turkey prices along with vegetables like potatoes cucumbers and apples with varied quality notes and unit measures.
In New York on April 28 the cotton market rose briefly then fell under renewed bear pressure. Traders questioned yesterday’s crop damage reports as demand showed signs of weakness. Prices swung, with the market closing near steady to firmer in later hours amid selling in the South.
New York copper and silver prices fluctuated with spot and futures. Local beef and cattle markets showed weak to steady demand, with loose trading and muted activity in calves and sheep. Government bonds remained firm as railroad bonds stayed weak, while cattle shipments were limited by western suppliers.
North Lime and South Lime and Ingians figures show mixed activity in Toledo. Credit balances total 135, mung 18,90 and average 355,816 with shipments 226,834 and average 362,704.
Wall Street chatter from Washington to New York centers on steel earnings and a possible dividend rise. Analysts note the quarterly report shows 27.6 million earnings versus unofficial 30 to 33 million estimates, with Judge Gary suggesting future increases only as justified.
Washington Railways common traded around 374 1 4 on a day of limited activity with prices not dipping below 321 2 as investors weighed universal transfer proposals. The 2nd Electric Company preferred rose toward 1917 8 while cotton and pig iron news influenced related industry outlooks and potential dividends.
New York April 3 prices for butter cheese flour pork and meats show mixed steady to lower trends. Grain and oilseed values are mostly steady with moderate quotations across commodities including cottonseed oil and coffee.
Special to The Washington Fest New York April 26 All day was consumed in getting a jury to try Fritz Augustus Heinz the copper man and erstwhile banker in the United States district court on the charge of over certifying and misapplying funds at the Mercantile Bank before the 1907 panic. Witnesses described his ties to the Standard Oil concerns and Flower Co while prosecutor and defense framed a saga of financial intrigue spanning Wall Street and Montana Nebraska with rival interests and long running feuds.
Port au Prince reports violent antigovernment protests erupting after President Simon grants a broad concession to an American firm for banana cultivation export and railway construction. The opposition says foreign control threatens Haiti's autonomy and mobilizes amid German-backed support. Frederique of the Firmin party is jailed after threats of armed uprising.
Gov Fort said he would not answer Speaker Ward's challenge to summon a special session over alleged orgy like chaos at the end of the regular session. He labeled the incident closed, noting newspaper coverage exaggerated but facts widely known.
A heavy thunderstorm struck Jersey City causing the big tent of a circus to collapse. One man died, another was fatally injured, and a third badly hurt. Animal cages were damaged but no wild animals escaped as the troupe prepared to begin a road tour.
Grain news from New York shows wheat futures easing after active selling with No 3 red wheat closing down and export activity noted. Corn and oats trade with limited transactions and mixed tones as markets digest weather expectations and speculative pressure.
Actress Mary Augusta Strong formerly May Vohe was granted an absolute divorce in Oregon City from Capt. Putnam Bradice Strong on grounds of desertion. The action was finalized yesterday following the proceedings in Portland, Oregon.
Steel Corporation directors declare a regular dividend of 4 1 2 percent on common shares, raising the rate from 4 percent to 5 percent annually. Chairman Gary notes any further disbursements on common stock will be in the form of extra dividends. First quarter earnings reach 37,616,876 with net 21,502,194. Unfilled orders total 5,402,514 tons. Preferred shares dividend of 43 cents is payable May 28. common dividend payable June 28.
In Trenton April 28 Judge Lanning heard habeas corpus arguments seeking release from Essex County Jail for Mrs Mary W Snead under indictment in the alleged murder of Oxey W Snead, her niece. The court reserved decision after ruling the indictment issue must be settled by State courts.
In Bridgeport Connecticut Judge Curtis heard a friendly suit over two mortuary funds totaling 616000. Four thousand pre1992 members claim rights to distribute funds while post1992 members should not participate. Both sides feature large legal talent and a contentious dispute.
Funds for printing and binding of the Marine Hospital and Public Health Service are exhausted. Secretary MacVeagh proposed a $60,000 appropriation that faces approval hurdles from Con Bross, delaying reports on Rocky Mountain spotted fever and other diseases. Government cannot meet information demands.
Changsha governor Yang Wen Ting issued a peace proclamation. The British consul refused responsibility for any attacks on those who go ashore. Missionaries report indications that the rioting native trouble is over. The governor estimates damage at about 82,008,000.
In New Orleans on April, the Louisiana Supreme Court decided that laws using the term negroes do not apply to octoroons or quadroons. The ruling states that when the text merely says "negroes," it cannot be extended to mixed blood individuals.
In Grinnell Iowa April James Bryce the British ambassador visited Grinnell College folklore show. Professor Jease Macey hosted Bryce who spoke about English experience in judicial and legislative methods as an address to students and guests.
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