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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 12, 1906
Page
17
The week on the market showed little change as trading remained subdued amid expectations of rate legislation. Analysts note steady corporate prospects with uneven crop prospects and ongoing talks on coal strikes and labor tension potentially impacting earnings and market directions.
Adjudication three years ago leaves miners unions insisting that workmen in both anthracite and bituminous sections have their demands considered together. Agreement on rates and supplies is strained by coal shortages, transport doubts, and rail and banking policy debates shaping a tense economic outlook.
Berni Fiebtt-Tiat of the Peoples Satings Bank alleges insolvency in U S Court seeking bankruptcy declaration for the Rev L Kelly. The bank asks for a receiver as it shows deposits around 12 600 dollars and assets including the bank building and securities valued at 68 dollars.
Market reports from Danville Lynchburg South Boston and Durham show tobacco receipts steady with firm prices and active buyers. Speculators resume activity while hogshead sales remain strong and quality improves though certain wrappers stay scarce. Weather aids burning and sowing. farmers plan larger acreage if prices stay firm.
Privy Councillors Hof and F Schwabach, sent to the United States in 1904 to study railways, publish findings critical of American systems. They claim U S passenger rate 202 cents per mile vs Prussia 0.98, freight 6 78 cents per ton mile vs 1 24, and note American gains from mails and express freight distort comparisons. They estimate freight cost parity would be 144 cents per ton mile for America and 0 0% for Prussia, and note construction costs per mile were 65 percent higher in Prussia.
The United States trade with Spain and Portugal rose to over 334 million in fiscal year 1905. Imports totaled about 8.56 million, exports roughly 17.9 million to Spain and 9.65 million to Portugal. Portugal supplies include raw cotton, tobacco, mineral oil, lumber, and steel goods, while exports to Portugal focus on raw cotton and related products.
Paris February 11 Special cable dispatch reports French unions and Left Deputies moving a national petition to ban absinthe. The petition cites medical academy support and claims absinthe harms tens of thousands annually, with high French consumption and links to epilepsy tuberculosis madness and crime. Swift and Company reports weekly trash beer sales in Washington DC at 4.45 per pound.
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