Bonds Hold Up Steel After Early Selloff
The Washington Post reports a dull but firm stock market with a brief steel stock selloff sparked by news of Gary plant shutdowns and Joliet work closures. Prices recovered quickly as buying matched selling, with United States Steel common shares slipping about a point then recovering. Bond activity dominated today’s market, with total sales of 2.16 million dollars as insurance and trust firms, banks, and European investors sought a steadier investment climate ahead of year end. Sterling exchange weakened further, fueling questions about potential import sales next week.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Stock Exchange
United States Steel
Chicago
Gary
United States Steel Corporation
Joliet
Mineja Steel Company
Steel Corporation
Walll Street
National Biscuit
Interborough
Interborough Company
Fife Insurance and Trust Companies
Europe
Sterling Exchange
Financial market notes from Washington and New York
The report records money on call steady at 3.3 4 percent, Treasury and exchange rates, wholesale commodity quotes, and fresh egg, butter, poultry, and vegetable prices. News highlights include stable rail and government notes, with vivid price ranges for eggs, dairy, produce, dressed pork, and game components.
MENTIONED IN THIS ARTICLE
Virginia
West Virginia
Virginie
New York State
U . Poultry
Basel
Florida
California
White 119 Year Sees Dividend Gains Across Rail Stocks
A New York compiled table shows white 119 year marked by rising dividends for investors. Railroad stocks posted more increases than cuts, with Chesapeake and Ohio and Great Northern among notable gains. United States Steel led industrial dividends, and bond markets rallied on Georgia court decision and rising equipment orders.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Alton
St. Louis-Southwestern
St Louis-Southwestern
Chesapeake and
Ohio
Industrial Se Im
United States Stteel Corporation
Great Northern
Atlantic
West Point
Chicago
Boston
Carnegie Steel Company
Canadian Car Company
Washington Stock Exchange session shows light broker interest
Light attendance and little trading marked yesterday’s Washington Stock Exchange session. Bonds held firm at 11, Potomac Electric, Washington Railway and Btor ties traded around 83 to 90, while Washington Gas saw only a modest sale at 7.75. Dividends announced include Georgetown Gas and Merchants' Transfer with payments in January.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Washington
HIG
Washington Railway
Btortrie
Potomac
F Electric Consolidated
Lanaton
Georgetown Gan
Eemianual
Capital Traction
American National Bank
Auarterly
A National Bank of Washington
Merchants’ Transfer
New York Cotton Market News and Overseas Signals
New York cotton quotes mirror Hibbs & Co reporting with slight declines as week end sizing, census data looming, and heavy exports influence sentiment. Southern spot markets show minor gains while Liverpool reports mixed signals on Indian crop estimates and futures.
MENTIONED IN THIS ARTICLE
New York
Liverpool Today
Manchester
Liverpool
Exchange Today
Midelly
Chicago Grain shows record Argentine export surplus impact
Chicago traders reacted to Argentina's estimated export surplus of 119 million bushels with a broad market decline. Wheat fell about 4 percent while corn slid around 4 to 4 and oats eased slightly, with provisions holding steady as bearish crop figures weighed on foreign demand.
MENTIONED IN THIS ARTICLE
Chicago
Live Stock Markets in New York and Chicago Trade Update
Live stock market report from New York shows cattle receipts near 2080 with varied moves across beef categories and futures on dressed beef. Calves and sheep receipts and prices listed. hogs rise. Chicago section notes strong cattle and hog markets with mixed regional prices and shortages in certain classes.
New York Grain Market Report Dec 16 WHEAT CORN OATS
New York grain prices moved lower on a government report and Argentine news. Wheat No 1 red at 97.5 in port and futures steady to mixed with December near 1.02. Corn No 2 new 54 in spot. futures show a small decline. Oats standard white 98.5 firm with December at 38 and May around 49.
MENTIONED IN THIS ARTICLE
New York
Mate
Brock
Galveston
Bates
Kansas City
Jawls-Chalmera
Kansas City Southern Ptt
Fiom Bavannah
Lehigh Valle
St. P
St. My Norfolk
Kansas
Texel
Teady
Nat
Bogton
American Stes! Foundries
Nes Asaed Js
American Tobacco
Northern Pacific
Ae Gulfport
American Wooten
Siu
Brunewick
Anatonda
Pacific
Houston
Atechison
Pacific Tel
Tel
Pennsylvania
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Ohlo
Pitte
C. C
Memphis
Bathiehem
Sexe Pittaburg
Brooklye
Canadian Pacific
Venes
Pullman Palace
Cincinnati
Ulitle Rock
Central
New Jersey
Republic Steel
Repubilc Steel
Brendy
Chesapeake and Ohio
Alton
Rock Island Co
Chiergo
Pfa
Chicago Great West
Porta
Great Western Pfa
Chicago and
North Western
Ft. Louis
Chicago
St. Paul
Louis Southwestern Pfd
Great Britain
France
Continent
Pe C
St Loula
Iy. A
Japan
Colorado Fast and Iron
Southern Pacific
Wee Ee Ae
Colorado and Southern
Wlyfouthern Railway
Sapan
Too
Consolidated Gaz
ABER
Southern Railway
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Com
Delaware and Hudeon- BP
Seeecu
Texas and Pacific
Tol
St. TL
West
Distillers
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BEY
Union Pacific
Erie
United States Realty
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Virginia-Carolina Chemical
Interborough-M
Wabash
Interborough-Met
Bpbsty
Wabash Pa
Inter. Harvester
Western Mi
Jinter, Marine PLC
Westinghouse
Western Union
Iowa Central
Duluth
Aleady
ATS
Standard’ White
Hemery
South America
Bermuda
State
Long Island
Baltimore Markets Report on Wheat Corn Oats and Rye
Baltimore markets report steady wheat with spot demand at 95 and on grade. Corn quiet with new prices. oats quiet No 2 white. rye firm No 2 Western domestic. Also credit balances and shipment totals for December and regional figures from Toledo and Lima areas.
MENTIONED IN THIS ARTICLE
Baltimore
Holiday Trade Brisk with Cautious 1910 Outlook
R G Dun and Co reports brisk holiday retail trade while wholesale buyers stay cautious about stockpiling. Structural steel shows strong activity but slim profits due to low fabrication prices. dry goods remain quiet from inventory timing. Iron and steel demand signals are uncertain with large New York Central orders for 1911, and trade in boots and shoes remains muted as holiday travel slows activity.
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Dun & Co
New York
R. G. Dun & Co
Pennsylvania
Sven
Brad Street
United States
Saco Savings Bank Closes Amid Court Action
The Saco Savings Bank, chartered in 1869, closed after a conference of trustees and the state bank commissioner. An injunction by the Maine Supreme Court at the commissioner's request will be followed by a hearing on January 3 to appoint a receiver. Deposits fell from 1,434,542 to 1,361,481 over six months. the July dividend of 27,983 was added to deposits, with a net decline of 101,094 and cash depletion plus 30,000 borrowed funds. President L. R. Moora and Treasurer F. W. Nutter oversee the bank, assets about 1.4 million.
MENTIONED IN THIS ARTICLE
Saco
Saco Savinga Bank
State Bank
Skelton
Supreme Court
Saco Savings Bank
L. R. Moora
F. W. Nutter
The Metal Market Summary and Copper Prices
New York reports brisk copper activity with spots and forwards listed. Copper exports for the month tallied 24,149 tons with varied prices across copper types and finishes, while iron and foundry steel prices remain largely steady in regional markets.
Washington cattle market report from an old traders’ column
Washington cattle market notes calf and hog prices with quoted per pound figures for calves and lambs. Frozen eggs dealers in New York were fined $200 for selling unfit frozen eggs. An advertisement extols Hood’s Sarsaparilla as a tonic and purifier.
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Washington Post
New York
F. HE. Rosebrook &Co
Hough
United States
Promoters to refund 400000 in steel firm case
Newark December 4 A chancellor court ruling orders promoters of PaysalC Steel Company to refund 400000 in bonds from a 33 million stock transfer. The decision in the suit by Thomas J. Arnold and others against Albert C. Fairchuk Frederick F. Searing and associates finds promoters liable for bond profits while stock bears no liability. The Paterson plant remains closed amid the financial tangle.
MENTIONED IN THIS ARTICLE
Newark
N. J
Paysalc Steel Company
Paterson
Chancery Court
Howell
Institutea
Thomas J. Arnold
Albert C. Fairchuk
Frederick F. Searing
Japan's finances improve with budget surplus cited
Tokyo announces final budget showing receipts of 492,158,900 yen ordinary and 48,796,973 yen extraordinary against expenditures of 407,113,274 yen ordinary and 133,221,699 yen extraordinary. Premier Marquis Kataura stresses balancing revenue and expenditure and ongoing debt repayment of 50,000,000 yen annually. Navy expansion planned with 82,000,000 yen over six years and rail upgrades including broad gauge reconstruction next year possibly funded by a loan.
MENTIONED IN THIS ARTICLE
Tokyo
Kataura
Lansas
Japan
Nicaragua cabinet resigns as Estrada to form new ministry
Managua Dec 16 The cabinet resigned today to take effect year end Gen Estrada will become constitutional president on January 1 and name a new ministry likely including Adolfo Diaz as finance minister Carlos Cuadra Pasos interior minister Pedro Joaquim Ghamorro public works minister Tomas Martines foreign affairs and Gen Luis Mena war minister Rumors say David Arellano may represent Nicaragua on the mixed commission under Thomas C Dawson American minister to Panama Tadasio Gomez, a former finance minister in exile, returned there today.
MENTIONED IN THIS ARTICLE
Managua
Nicaragua
Estrada
Adolfo Diaz
Carlos Cuadra Pasos
Pedro Joaquim Ghamorro
Tomas Martines
Luis Mena
David Arellano
Thomas C. Dawson
Fanama
Tadasio Gomez
Finance
U. S. Bluesjackets In London Court
Milton Grayson a Negro sailor of an American Atlantic fleet ship was remanded in How street Police court on a charge of stabbing fellow sailor Robert Washington in a money dispute. Washington’s life was saved by a knife strike to one rib.
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U. S
Private tutoring and language schools offered in Washington notices
An assortment of ads lists private tutoring by a Johns Hopkins graduate, a French language school run by Mlle Prud HOMME, a boarding and day school for girls Misses Hastman at 1205 17th Street, and a catalog request line for Emerson Institute and other local educational offerings.
MENTIONED IN THIS ARTICLE
Emerson Institute
Tatab
Johns Hopkins University
Civil Service
Simo
Prud' Homme
Ind
Ave
Washington
Money To Loan On District Of Columbia Real Estate
Money to loan on District of Columbia real estate at lowest rates of interest. Multiple lenders advertise loans with 5 percent and other low rates, offering fast approvals and large amounts. Names include Moore & Hill Inc, Floyd E. Davis, Frank T. Rawlings Co, The Arlington Fire Insurance Building, and others.
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District OF Columbia
Moore & Hill, Inc
Joan
Washington
Floyd E. Davis
7Th
and & Sn
D.C. Heal Estate
Frank T. Rawlings CO
PA. Ave
Arlington Fire Insurance And’s
D. A
D.C
Ave H Smith Company
National Loan & Investment Co
Thompson
Treasury
Tiuen
Rotheryord (Incorporated
Fish St
Orgorurabie
Walter Acker
F Street
Columbia
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