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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 26, 1906
Page
35
New York stock scene remains subdued amid holidays with little change in prices. Analysts say a resting market is healthy as America’s vast prosperity dwarfs brief European concerns over Algeciras, Rand coal, and wheat forecasts. profissão
A survey of market arguments shows few signs of an imminent coal strike and traders weigh how money markets will adapt. Analysts expect rates to hold near current levels through April with possible easing after disbursements, while interior money remains abundant and international centers invest in high grade American securities. Strong domestic demand and resilient exports frame a prosperous outlook despite lingering inflationary concerns.
Loose leaf tobacco sales on this Danville market were light this past week with buyers in force and prices firm to rising. Hogshead and wrappers show improving demand while remaining first-hand leaf stocks shrink. receipts may ease as farmers prep for the new crop. Petersburg and Lynchburg markets report mixed sales and rising prices, with Austrian tobacco activity waning and storage expansion planned at Durham plants.
The judge’s demurrer removal signals the settlement of the Heinze Amalgamated copper merger litigation. More than 100 cases, including the Minnie Healy suit and tied Brackett bribery allegations, are expected to end, with disclosures of past bribery offers and courtroom intrigue.
Consul Mansfield reports US trade with Great Britain and Chile contracting while shipments to Argentina and Mexico rise. Chile’s total port tonnage shows American flag ships at 135,000 of 17,000,000 entering ports. Britain and Germany dominate. Argentina trade focuses on inks paints and varnishes where the US trails except in shop polish and other items. Mexico is poised to import wheat as a new pattern emerges. Consul Le Ray notes Mexico’s future wheat needs. Consul Guenther cites Germany’s tariff extension aiding American trade, while Thackern reports the US bought nearly 15 million more German goods last year, yet German shipments broadly lag other sectors.
Consul McNally in Liege reports Belgium's market for American canned goods remains open and receptive though industry is imperfect. Fleming and Bordewich note Scotland and Norway are good markets for American safes while Brunot cites France’s weak fire protection as an opportunity for American fire extinguishers, stressing need for superior technology.
Trade between the United States and Sweden Denmark and Norway has risen sharply with a 200 percent increase in the past decade. Exports to Sweden Denmark and Norway reach eight million dollars while imports exceed two million. The growth fuels a larger Scandinavian born population in the United States, per census data.
The Nantucket Shoals lightship remains off its station after a day and a half of drafting on a drafting cruise. It is not known when she will reach her post or resume duty.
After La Grippe, a weak nervous system causes distressing complaints. Dr Miles' Nervine and Nervine Restorative are advertised as remedies to revive nerve energy and restore strength, with patient testimonials from Mishawaka Indiana.
The New York Sun reports Comptroller Metz reviewed ten years of city bond sales to assess last Thursday's 4 per cent issue averaging 108.08. The table shows earlier 4 per cent bonds sold lower, and compares New York’s credit with smaller cities and European towns pursuing municipal ownership. Experts warn of further devaluation and higher taxes if such policy promotes higher borrowing costs, while the comptroller remains skeptical of municipal subways under private-led finance.
The St Louis subtreasury, among the largest in the United States, processes immense sums daily. Chief Clerk Johnson handles millions in currency and tonnage in silver and gold, with extensive shipments to Texas and the Southwest. The counting boards tally coins up to $60 per board, and sacks depart daily under express guard.
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