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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 12, 1906
Page
8
The reading is dominated by a calm stock market with muted activity and scarce standout events. Investors watch treasury rates, dividend prospects, and corporate deals as January profits measured against earlier forecasts.
Adjudication disputes over coal sector labor demands mix with wider financial unease as unions push to combine anthracite and bituminous issues. Rail and iron industries fear supply gaps while stock markets show tightening money, limited coal reserves, and wary lending. The Hepburn bill and reserve debates hint at constrained rate powers, with bankers shifting funds home as Wall Street faces liquidity pressure.
Berni Fiebtt-Tiat of the Peoples Satings Bank reportedly seeks bankruptcy for Rev L. Kelly in U S Court. The bank asks for a receiver as deposits total about 12 600. Assets include the bank building and securities valued at about 600 dollars.
Reports from Danville Lynchburg South Boston and Durham on February tobacco markets show firm prices and improving quality with buyers alert. Speculators resume activity while hogshead sales stay active and farmers anticipate rapid marketing of remaining crop despite road conditions and seasonal breakers.
Privy Councillors Hof and F Schwabach, sent to the United States in 1904 to study railroads, publish findings praised by the German press. They compare American and Prussian systems, noting higher accident and fare figures in the United States, arguing American statistics overstate revenues from mail and express services, while Prussia bears higher construction costs.
Trade with Spain and Portugal rose in the fiscal year 190 to over 334000000 with imports around 1500000 and exports near 19 million. Portugal supplied most imports and Spain led exports with raw cotton tobacco mineral oil lumber and steel manufactures.
Paris February 11 A National petition by trades unions and Left Deputies seeks a ban on absinthe manufacture and sale. Academy of Medicine members will sign. Petition claims absinthe kills tens of thousands annually in France and fuels epilepsy tuberculosis madness and crime. Swift & Company reports weekly trash beer sales in Washington DC at 4.45 cents per pound.
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