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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 10, 1906
Page
5
In New York the stock market shows no clear upside as high money rates persist and banks reduce reserves. Investors watch Guggenheims Nipissing, rail dividends, and a looming January loan renewals wave while Treasury plans offer limited relief, leaving prices in a cautious, narrow range.
Readers ask about widow’s, minor, and guardian pensions, rates for loss of limbs and total disability, and nursing pension rules. The Pension Editor cites general laws, dates, and required proofs, advising on eligibility, examination orders, and the proper filing steps for dependents, mothers, and children.
In six months and the year, public disinterest grows as railway and industrial giants expand into vast banking and holding structures. Private financial counsel drives purchases, while ordinary investors lack information on true equity values, says Daniel F. Kellogg.
The annual report by Maj. John M. Carson shows slow growth of U S exports to South America due to lack of transportation, banking, and direct steamship links. It urges American manufacturers to place trained representatives abroad, speak local languages, and establish agencies to expand foreign markets.
A long OCR list shows guests and accompanying spouses at major hotels across Baltimore Chicago New York Philadelphia Pittsburgh Richmond Alabama Georgia Michigan Missouri and other states. Names include Pellegrew Ford Stoddart Hoppins Parker and many more. entries reference hotels such as New Willard St James Arlington Ebbitt Metropolitan and Riggs with guests traveling from cities like Raleigh Atlanta Savannah Buffalo Rochester and Atlantic City.
Stuyvesant Fish former president of Illinois Central Railroad who was deposed by Harriman interests and who met with President Roosevelt and I C C Chairman Knapp left yesterday for New York. A thorough investigation of the Harriman railroad system has been ordered and it is conjectured Fish has come to Washington for preliminary work. His help is sought by the commission and hearings may start during the holiday week with New York as a possible site. It is unclear if he will be called to testify.
John Barrett American Minister to Colombia will be elected director of the Bureau of American Republics in a few days to succeed William C. Fox whose term expires soon. The State Department recommended Barrett, though opposed by some Latin American diplomats favoring a Central or South American successor.
Reports from Virginia, North and South Carolina markets show 1905 tobacco crop steadier than feared after heavy rains. October and November sales reached 1,801,808 pounds, up from last year. Prices varied with grade, with wrappers scarce but mid to good grades selling well. futures expect heavier December activity if weather stays favorable. Local markets in South Carolina closed as reports indicate a sizable portion already sold.
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